General

blogs - General

blogs - General

Today a trader can easily find forex charting services on the net, some of which are offered for free. The charts provide the necessary data to keep up to date with the price movements of the selected currency pair and therefore are one of the useful tools in forex trading.

The question many of you ask is whether the free charts are any good? Why are they offered without any fee attached and whether you can actually trust them?

Read more: Are Free Trading Charts Reliable?

In the past, compared to other investment options like stocks and options, forex trading had been rather unregulated. Recently, there have been lots of talks, rumors and opinions about the proposed changes to forex trading in US by Commodities Futures Trading Commissions (in other words CFTC). What does it all mean? How can this affect you? Is it a good time to change your broker?

Read more: Crazy Forex Regulations by CFTC

Conventionally stocks have been considered the optimal investment opportunity for many of us, however the recent volatility and fluctuations made many investors look for the alternative - currency trading. Before leaping into the unknown territory, however, it is important to fully understand the differences between the two equally sophisticated and profitable prospects. What are the benefits of each? What are the major differences between the two? Why today so many stock traders are turning to forex? 

Let’s consider the following essential differences between stock and forex markets:

Read more: What is Riskier – Stock or Forex Trading?

Forex trading is not a computer game, it is not simple and it is definitely not 100% get-rich-quick scheme. Before your clench to yet another mouthwatering promise of unlimited profits and absolutely no loss, go over our list of things you should know. 

1.     Fully Examine Your Broker.

First of all, it is always a good idea to know everything about your forex broker. Registered brokers are generally more trusted. Read everything written in tiny letters (especially go over terms and conditions). Find out where the broker is located and make couple of phone calls – see if they actually answer! Customer support can be at times even more important than any trading features available!

Read more: 7 Things You Didn’t Know About Forex!