How to Choose a Forex Broker.

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Today, I'm going to take a break from covering the credit crisis in order to cover an important logistical topic: how should one go about choosing a forex broker? There are hundreds (if not thousands) of retail forex brokers, a fact which can be overwhelming to those considering dabbling in forex for the first time.
The first step is to assess the quality of the broker, itself. Where is it registered? Those based in offshore tax havens should be treated with some degree of skepticism, as they are subject to lax, if any, regulation. It could be difficult to withdraw funds from an account held with such a broker. Along the same lines, what is the reputation of the broker? Typically, the most "visible" brokers will also offer the best customer service, as much of their business is generated through word-of-mouth.
Next, you should examine the products or services? What kind of trading platform will you have access to? Will you have access to research and advanced (technical) analysis tools? What is the average execution time? The final considerations are financial. In other words, what is the spread and what are the terms of financial leverage. At the same time, you should be careful not to allow this latest aspect to weigh too strongly on your selection, reports The American Chronicle:
"It's far too easy to be attracted to brokers that offer up to say 1:400 leverage, and therefore allow you to take out very large positions with a small margin, but this is a very dangerous game and it's all too easy to over-leverage yourself and wipe out your account completely."
Remember also there are some brokers which put some traders to play against you, try to research about if you choosen broker is not in this group.

About the Author

I am beginning to invest in the forex market, as I learn some new things I want to share what I discover everyday with others.You can find more articles at http://www.seostudioperu.com/seoblog/category/inversion-en-forex/ and translate with the Google Gadget.

More newbie info about FOREX trading PART 2

Why is FOREX trading so popular?
Because you can trade from anywhere. From your kitchen table, bedroom, garage or from the nearest Starbucks coffeehouse ( most of them have wireless Internet connection).

If you have or like to travel, take your laptop with you and you can trade the FOREX anywhere in the world where you have an Internet connection.

When you want to start trading the Forex Market nobody is asking you for a diploma, a formal license or a proof of how many hours you have spent studying the Foreign Exchange Market and/or Banking Industry.

FOREX Trading is Economical and Start-up Costs are Low! You can open an account to trade Forex with as little as US$ 200 at he most brokerage firms. I personally do recommend Fenix Capital Management, LLC, which offers a state of art Trading platform, that allows you to place orders directly by clicking on the chart.

The Main Benefits of Trading the FX Spot Market are:

YOU don’t pay commissions or fees! YOU can trade 24-hours a day ! YOU can trade up to 400:1 Leverage ! YOU can have FREE Streaming executable Price quotes and live charts!

It is important to know the differences between cash FOREX (SPOT FX) and currency futures.

In currency futures, the contract size is predetermined.

With FOREX (SPOT FX), you may trade electronically any desired amount, up to $10 Million USD.

The futures market closes at the end of the business day (similar to the stock market).If important data is released overseas while the U.S. futures markets is closed, the next day’s opening might sustain large gaps with potential for large losses if thedirection of the move is against your position.

The Spot FOREX market runs continuously on a 24-hour basis from 7:00 am New Zealand time Monday morning to 5:00 pm New York Time Friday evening.

Dealers in every major FX trading center (Sydney, Tokyo, Hong Kong/Singapore, London, Geneva and New York/Toronto) ensure a smooth transaction as liquidity migrates from one time zone to the next.

Furthermore, currency futures trade in non-USD denominated currency amounts only, whereas in spot FOREX, an investor can trade in almost any currency denomination, or in the more conventionally quoted USD amounts.

The currency futures pit, even during Regular IMM (International Money Market) hours suffers from sporadic lulls in liquidity and constant price gaps.

The spot FOREX market offers constant liquidity and market depth much more consistently than Futures.

With IMM futures one is limited in the currency pairs he can trade. Most currency futures are traded only versus the USD.

With spot FOREX, you may trade foreign currencies vs. USD or vs. each other on a ‘cross’ basis, for example: EUR/JPY, GBP/JPY, CHF/JPY, EUR/GBP and AUD/NZD

More newbie info about FOREX trading PART 1

What Is FOREX or FOREX MARKET? PART I
The Foreign Exchange market (also referred to as the Forex or FX market) is the largest financial market in the world, with over $1.5 trillion changing hands every day.

That is larger than all US equity and Treasury markets combined!

Unlike other financial markets that operate at a centralized location (i.e. stock exchange), the worldwide Forex market has no central location. It is a global electronic network of banks, financial institutions and individual traders, all involved in the buying and selling of national currencies. Another major feature of the Forex market is that it operates 24 hours a day, corresponding to the opening and closing of financial centers in countries all across the world, starting each day in Sydney, then Tokyo, London and New York. At any time, in any location, there are buyers and sellers, making the Forex market the most liquid market in the world.

Traditionally, access to the Forex market has been made available only to banks and other large financial institutions. With advances in technology over the years, however, the Forex market is now available to everybody, from banks to money managers to individual traders trading retail accounts. The time to get involved in this exciting, global market has never been better than now. Open an account and become an active player in the largest market on the planet.

The Forex Market is very different than trading currencies on the futures market, and a lot easier, than trading stocks or commodities.

Whether you are aware of it or not, you already play a role in the Forex market. The simple fact that you have money in your pocket makes you an investor in currency, particularly in the US Dollar. By holding US Dollars, you have elected not to hold the currencies of other nations. Your purchases of stocks, bonds or other investments, along with money deposited in your bank account, represent investments that rely heavily on the integrity of the value of their denominated currency the US Dollar. Due to the changing value of the US Dollar and the resulting fluctuations in exchange rates, your investments may change in value, affecting your overall financial status. With this in mind, it should be no surprise that many investors have taken advantage of the fluctuation in Exchange Rates, using the volatility of the Foreign Exchange market as a way to increase their capital.

Example: suppose you had $1000 and bought Euros when the exchange rate was 1.50 Euros to the dollar. You would then have 1500 Euros. If the value of Euros against the US dollar increased then you would sell (exchange) your Euros for dollars and have more dollars than you started with.

Example:

You might see the following:

EUR/USD last trade 1.5000 means One Euro is worth $1.50 US dollars.

The first currency (in this example, the EURO) is referred to as the base currency and the second (/USD) as the counter or quote currency.

The FOREX plays a vital role in the world economy and there will always be a tremendous need for the exchange of currencies. International trade increases as technology and communication increases. As long as there is international trade, there will be a FOREX market. The FX market has to exist so a country like Germany can sell products in the United States and be able to receive Euros in exchange for US Dollar.

RISK WARNING:

Risks of currency trading

Margined currency trading is an extremely risky form of investment and is only suitable for individuals and institutions capable of handling the potential losses it entails. An account with an broker allows you to trade foreign currencies on a highly leveraged basis (up to about 400 times your account equity).The funds in an account that is trading at maximum leverage may be completely lost if the position(s) held in the account experiences even a one percent swing in value. Given the possibility of losing one’s entire investment, speculation in the foreign exchange market should only be conducted with risk capital funds that, if lost, will not significantly affect the investors financial well-being.

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NOTE: Information, charts or examples contained in this review are for illustration and educational purposes only. It should not be considered as advice or an endorsement to purchase or sell any security or financial instrument. We do not and cannot give investment advice.

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About the Author
Kari Larson is a free-agent writer, small-business champion, health journalist, investor and publisher [e.g., ProsperNOW -- http://prospernow-foolish1.blogspot.com] who's focused on creating total health *and* artistic, personal, professional and financial freedom -- for herself and others.

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Foreign Exchange [Forex] involves the exchange of another foreign currencies for a profit. The motivation for buying the currency of another country may be the need to buy some commodity of the said country as well, besides making money through the fluctuation in exchange rates.

In the above case, traders buy currency of a foreign country when the rate in the market is low, and sell it off when the rates go up. Currency trading is usually effected between the central banks, the government, speculators and MNCs. Nations cannot trade with each other without the presence of a foreign market.

Read on to learn how to automatically profit in Forex with FAP Turbo!

A huge amount of currency is daily traded in the foreign exchange market, though the amount invested by an investor may be very low. An individual can'thave any impact on the Forex fluctuations, not even the government. Consequenlty, one may observe that the level of the currency reflects the state of the economy of a country. So this makes the Forex market a good place for competition.

Forex Trading Robots found their way into the market not so long ago. To this point, there have been favorablereviews as to its capabilities to profit from short term trading opportunities. This computer controled has made Forex trading easier.

The FX bot, as it is called by many, is not only beneficial to first time traders who are fearful of trading their own money. Even experienced traders find value and utility in using Forex robots because they allow them to expand their funds. Many people who have lost money in the foreign currency exchange markets in the past love robots because they help them trade more successfully. A lot of people prefer to take the bull by the horns themselves and use Forex robots instead of retaining the services of a professional trader. The interesting thing is that companies in this industry have been using this type of technology for years to drive up profits.



FAP turbo is a complete system for trading Forex. It is an automatic, proven system that will build your profits safely.

We live in very tough financial times today.

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About the Author
Rory Rice writes about technial analysis and trading systems for the stock, commodities and currency markets

Forex Trading system and software

Forex Boomerang is the "Silver Bullet", you need to take your partner for the next level of success, and to ensure that you get - every transaction you make. Forex trading Boomerang is fast, easy, fun and reckless. Put it on any other system out there and you'll be pleasantly surprised! Whether you are a beginner who does not have the skills of a seasoned professional or an operator who has just hate committing an error, the autopilot single robot changes, it is possible for you to select profitable trades accurately and safely ! I have always said that if you continue to do what you are doing now, then you will succeed in obtaining the same results, again and again. But with Forex Boomerang • You are going to do something different • You will finally have an automated, fail-proof method to successful careers in minutes • You will ensure that you retire with dignity and have enough money in the bank for the duration of not only your life but the lives of your children and your children, the lives of children. Today is the day for you to make a change for the better by taking control by eliminating all the guesswork that goes with Forex Trading! And perhaps the best part is that it is supported by a 100% money-back guarantee if you have nothing to lose! The forex boomerang!
About the author

http://fx-online-trade.blogspot.com