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Forex Reviews & Rating Brokers Formula

Forex Reviews

It is commonly known that choosing the right Forex Broker is absolutely crucial when trading Forex. The introduction of the Rating Brokers Formula is a TradingCenter.org innovation and serves an important mission: To provide a 100% objective rating framework in order to evaluate world’s financial brokers. Until today, brokers were rated by individual users, the problem was that most ratings in the trading industry are fake.

 

The Rating Formula Structure

The rating formula structure is simple and compromise 4 major trading factors:

1) Safety of your Funds

2) Minimum Commissions and Fees Paid

3) Maximum Number of Trading Options Offered

4) Maximum Technological Efficiency Provided

 

Rating Formula History:

The first two versions of the Rating Formula were applied on Forex Brokers. The version 3.0 and 3.5 was applied on Binary Option Brokers. Information here:

» Forex Formula –V.4.0, TradingCenter.org

» Binary Option Formula -V.3.5, BinaryValue.com

 

World’s Major Forex Regulators

► MiFID EU (Markets in Financial Instruments Directive and implementing measures) 

► Financial Service Authority (FSA UK)

► CFTC (Commodity Futures Trading Commission)

► Germany Federal Financial Supervisory Authority (BaFin)

 

More on Forex: » Forex for Beginners | » Currency Trading | » Forex Terminology | » Forex Tips | » Compare Brokers

 

Capital Investor

Forex Reviews & Rating Formula

Capital Investor’s Forex Trading Tips

Capital Investor Forex Trading Tips

Here are some simple but important trading tips for Forex Beginners:

Forex Tip 1) Choose one Trading Strategy and Stick to it

When trading Forex or any other market it is better to focus and get specialized in just one trading strategy and not in many. Many strategies will get you confused. Keep in mind that all strategies have losing periods, so don’t get disappointed easily. Stick to a strategy that you believe in and try to figure out when the profitable period begins and when it ends.

 

Forex Tip 2) Choose the Right Broker

Choosing the right Forex broker is very crucial when trading currencies. You must choose a Forex Broker according your trading profile. For example if you are a novice trader you must choose a Broker with a practice account, offering low spreads and commissions and an easy-2-use platform. If you are a pro you need an ECN Forex Broker offering many pairs and a MetaTrader platform.

In our partner site OnlineForex.biz there are a number of comparisons regarding the Forex Market and brokers:

Compare: ALL BROKERS | ECN BROKERS | STP BROKERS | MARKET MAKERS | US TRADERS | ASIA TRADERS | MT4 BROKERS

 

Forex Tip 3) Prefer Focusing only on a couple of Forex Pairs and not on many

We are living in the age of specialization, and a successful capital investor should always adapt to its environment. By focusing only to a currency pair you will be able to monitor easily your trade and analyzing macroeconomic data and news deriving from only two economies and not many.

 

Forex Tip 4) Don’t get Emotional with your Trades

If a person is too emotional in general with other people is not a bad thing, but if he is also emotional in fields like investing and trading markets, it can prove catastrophic for him. Capital investing is all about numbers and facts, and only those investors who can make clear decisions and follow them with discipline can benefit from market fluctuations. Emotions is a substitute of logic, and logic is the basic ingredient when trading the capital markets.

 

Forex Tip 5) Make a Track Record of your Trades

Keep a clear and honest track of your trades is one of the most important factors that will determine if you will make money or not in the long-run. By keeping a track you will be able to evaluate trading strategies, indicators and signal providers. Furthermore, a track record will provide you with the chance to evaluate your periodical performance and thus avoid time periods when loosing will prove very probable.

 

Forex Tip 6) Choose your Leverage Ratio Wise and don’t get greedy

Greed is one of the worst characteristics of the human kind. Investors and traders who are greed are afraid to leave money on the table and so they don’t usually make the correct decisions. Wise traders take a logical profit and wait for the next trade to occur.

 

Forex Tip 7) Use always a Stop-Loss Strategy and don’t Change it

Stop-loss orders is one of the key factors that can easily differentiate novice and pro traders. Determine always a stop-loss price as you determine a target price. Only use trail stops if your trade is strong into profit. That means that if your trade profit is far above risk (1.5 times or more).

 

» Automated Forex Trading Info at ForexAutomatic.com

» Forex News at Forex Magnates

» Forex Forums at BabyPips

 

More on Forex: » Forex for Beginners | » Currency Trading | » Forex Terminology | » Rating Brokers | » Compare Brokers

 

Read More Tips: » Warren Buffett Investing Tips | » Richard Branson Tips | » George Soros Investing Tips

 

Capital Investor (2013)

Capital Investor’s Forex Trading Tips and Secrets

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Forex Rebates

Find Forex Trading Rebates at TradingCenter.org

Forex Trading Rebate

Famous Words

1. Bull markets are born on pessimism, grow on skepticism, mature on optimism, and die on euphoria {Sir John Templeton}

2. Buy only something that you'd be perfectly happy to hold if the market shut down for 10 years {Warren Buffett}

3. The stock market is filled with individuals who know the price of everything, but the value of nothing {Phillip Fisher}

» Dow Jones Industrial (DJIA)

» Nasdaq 100

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Martin Luther King Day

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Christmas Day

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