Reviewer: Forex Trader Website Reviewed: Official eToro Website Type: Forex Trading Broker

eToro is a forex tbroker that offers investors a new way to trade the global financial market with style and ease. This forex broker show cases a ground breaking technology in the use of visual interface that makes the financial market very interesting especially for new comers. It does not matter if you are an experienced trader or a beginner, you can join this forex broker today and move your online trading experience to the next level. This forex broker is a registered member of NFA with an ID no of 0382918. eToro Inc. was formed in 2006 with its head office in Cyprus. You can actually open a live account with as low as $50 with eToro, whilst you can get a minimum lot size of 0.1 lots & leverages that ranges around 1:100, 1:200 and 1:400.

You can start your trading experience by opening a practice account on eToro and all you’ll need to do is to follow the simple steps that I’ll outline. First you’ll have to download and run the eToro platform. On completion you’ll find the eToro icon on your computer desktop. Double click on the icon and a window would pop up asking you if you want to trade for Real or Practice Trading. Please go ahead and click the Practice Trading button. This would lead you being prompted to a Practice Registration screen, which requires you to select a username and fill in some light personal information. Just beneath the page after you must have completed filling of the form, you would be processed immediately for full access into the Practice Account. From this point you would be directed to an Expert/Visual Mode based on your trading experience. You can actually switch between modes at any time. It is worth note taking, as you’ll need to select a password & enter a username in order to log on to the platform in the future, but you’ll not have to go through all that trouble on your Practice mode as the system recognizes you upon launch of the platform.

You can improve your trading skills upon live trading with eToro’s Forex Matador. This is a forex trading course from eToro that is very user friendly and easy to understand. You can sign up for the first lessons free E-course once you have an eToro Real Account and have deposited a minimum amount. Note that Gold or VIP account holders are entitled to receive a personal trading coach, and they would be walked through the entire E-Course step by step.

eToro have innovative and easy to use currency trading technology, it’s mixes the traditional forex platform with elements of a video game. eToro tracks score of every individual user forex performance, just like video arcade games list user high scores. eToro’s trading platform serves retail segment of the Forex community. eToro charge absolutely zero commissions on all forex trading activity, including no overnight rollover fees. Users of eToro would very well agree with me that this forex broker is easy going and dynamic.

Reviewer: Forex Trader Website Reviewed: Official FXCM Website Type: Forex Trading Broker

FXCM is a Forex broker that has been online since 1999 and is registered with the Commodity Futures Trading Commission (CFTC) and is a member of the National Futures Association (NFA). Also this broker is regulated by the official regulators in UK, Canada, Hong Kong, Australia and France. FXCM is one of the largest and well capitalized Forex brokers with well over 150,000 live accounts that are traded via FXCM’s, along with its $100,000,000 in capital base this forex broker is here to provide experience and professionalism in the currency market.

The FXCM trading platform is installed via downloadable software. FXCM provides No Dealing Desk trading execution†, eliminating any conflict of interest between broker and trader, and ensuring that there is no dealer intervention in trades. No Dealing Desk trades are executed back to back with one of the world’s premier banks or financial institutions, which compete to provide FXCM with bid and ask prices, providing spreads as low as 1 pip.

FXCM offers its clients Real-Time Charts that enables you analyze the charts, place trades and manage positions. With these advanced charts you can create market entry positions from the charts directly. This is made possible via the over 30 technical indicator tools found on its charting software. You can as well find over 30 times frames available on the charts, while you can set price alerts to help you get on the spot information on price movements. You can also download FXCM’s software that allows for Real-time Signals with blue arrow indicating a buy while the red arrow indicates a sell. It is very interesting as the trading software offers six different strategies covering a lot of market conditions.

FXCM offers a demo account with $50,000 for a 30-day period. Start trading on FXCM by trying out with a demo account, as this would give you a grab of how things would go on live trade. Most times it is advised that you try out the demo account for at least 1 month before moving ahead to live trading. FXCM offers six trading accounts; you’ll have the FXCM STANDARD that has a minimum deposit of $2,000 for new accounts, the Active Trader can start on this account with a minimum deposit of $25,000 and with features of lower commissions for high volume trading. The FXCM MICRO ha a minimum account opening size of $25 and it is designed for small investors, you can grow an FXCM MICRO account from $25 to $2,000 with the right strategy in place. It is important to note that with a $2,000 worth of equity you can trade on FXCM’s Forex System Selector that allows a minimum account size of $2,000 and allows you access to over 40 back-tested trading systems that you can apply on this trading platform. Running on the same trading minimum account balance of $2,000 is the MetaTrader 4 platform that runs on the MT4 platform and is available through Forex Capital Markets Ltd. Lastly we have the Non-USD Account platform that allows traders based outside the United States hold funds in their local currencies.

Forex Capital Market also known as FXCM offers the following On-line checks, bank wire, paper checks and credit cards as its funding options. Select any of the following and start your live trading with FXCM. It is an excellent broker for the newbie and experienced trader alike.

Reviewer: Forex Trader Website Reviewed: Official FXPro Website Type: Forex Trading Broker

FxPro is a forex broker that was formed in 2006 to provide a competent online trading experience for its client’s base, and has the strategic aim of becoming one of the biggest and most competent Forex brokers out there. Sometime ago they were called Euro Orient Securities & Financial Services Ltd and in 2009 they changed their name to FxPro Financial Services Ltd. FxPro is a forex broker that is regulated by the Cyprus Securities and Exchange Commission.

This forex broker offers an explicit range of financial instruments that ranges from forex, futures and indices. They are also involved in the trading of metals and CFD’s (Contracts for Differences) on stocks. Due to this, FxPro offers is vast client base in more than 170 countries the ability to trade 24 hours daily, five days a week. This forex broker has been able to prove its constant growth by having some presence in UK, Russia, Austria, France and Greece. FxPro also prides itself in a show of social responsibility where it gives back to the society, and these achieved via its donations to organizations that help coordinate community support schemes.

Trading conditions offers energy, commodities, equities, precious metals, shares and forex market as easy options on its single trading platform. The fair, transparent and efficient trading conditions offered on FxPro’s platforms are very competitive quoted prices, and this is made possible via its multiple price provisions. Prices offered on FxPro are quoted in five digits and this can help clients make gains on smaller price movements. Talking about gains, this forex broker offers competitive spreads that starts from 0.5 pips for EUR/GBP, 0.8 pips for EUR/USD and 0.8 pips GBP/USD. Other trading features includes FxPRo’s provision of a forex trading news feed on its Trading Platform that allows its users get on the second updates on all market conditions that can affect their strategies.

FXPro has a well designed trading platform that is suited for its diverse clients; this is run on 6 Trading Platforms that comes with advanced charting functionality and sophisticated order management tools to help control your positions effectively and wisely. FxPro offers its users trading on the MetaTrader 4 platform that is downloadable on your PC; you also have the FxPro Web Trader that is a web version and log on via any internet browser thus eliminating download hassles. The FxPro Iphone Trader is available for Iphone users and allows easy access to your trading platform via an Iphone. There’s also the MT4 multi terminal for clients that wish to trade multiple accounts simultaneously, while the FxPro MT4 Smartphone allows traders access into the global market via a smart phone. Finally the FxPro MT4 mobile is FxPro’s MT4 Mobile edition that allows you trade the market on your mobile.

You can start of your trading experience via FXPro Forex broker’s online demo platform that allows you to start trading with as little as $100,000. Just download FX Pro MT4 at their website, and directly open demo account at the trading platform.

Reviewer: Forex Trader Website Reviewed: Official Alpari Website Type: Online Forex Trading Broker

Alpari was formed in 1998 in Russia by Andrey Vedikhin, Andrew Dashin & Gleb Petrov as three visionary learders in the currency market, and they have a shared interest of expanding Alpari’s global footprint. One of the most popular is Alpari (UK) Limited that was formed in 2004 to strengthen its European presence. Furthermore, it was registered and it’s being regulated by the Financial Services Authority around 2006, with a FSA Registration Number 448002. Alpari further stretched its market dominance due to high demands to the United States market and got an office on Wall Street in New York where it got registered with the Commodity futures Trading Commission (CFTC) as a Futures Commission Merchant (FCM) and is also a member of the National Futures Association (NFA). The Asian & Middle Eastern market got a boast as Alpari was able to establish its presence in Shanghai and Dubai respectively in 2008, while we also had the establishment of Alpari India in June 2009. 2009 was a good year for Alpari as it saw expansion and growth that lead to operations in Germany, France, Scandinavian, Japan, Singapore, Canada and Brazil. With live accounts standing at around 160,000, Alpari is sure here to stay.

Alpari offers a MetaTrader 4 trading platform and investors can download this for free from its website and start off trading via its demo or practice account. Meanwhile, Alpari also offers its clients three types of live accounts; the Micro, Classic and Pro live accounts. Whatever your trading strategy I believe that these account types are geared towards ensuring that satisfaction. The Micro Accounts are fashioned out for newbies in the forex market who are willing to start risking little and thus trading smaller volumes. This account type allows investors do that and also has a low initial deposit of $200. The Classic Account shares some similarity with the Micro Account but has a minimum account opening deposit of $500. It also offers a limitless number of open positions unlike the classic that offer a 2 lots maximum open position. In addition to the 29 currency pairs traded on the Micro Accounts the classic account has Gold & Silver. The Pro Account type is a no commission account type and this runs till 14th January 2010. This account type fits institutions and individuals looking to trade high volumes as it offers a minimum opening deposit of $20,000 and a maximum leverage of 1:100, unlike the 1:500 being shared by the Micro and Classic account type. You can trade the Micro, Classic and Pro Account type on MetaTrader 4, MetaTrader 4 Systematic & AlpariDirect respectively.

Furthermore, Alpari’s trading platforms are well tailored to meet the needs of its varying investor base. The MetaTrader 4 is a well known trading platform and is available for mobile downloads PC and multi-terminal application. The Systematic is a full automated web-based trading system that offers diversified trading strategies and eliminates constant market watch. The ApariDirect trading platform is power by currenex and is powered to satisfy individuals wanting to trade higher volumes at interbank-level pricing.

Reviewer: Forex Trader Website Reviewed: Official Forex Yard Website Type: Online Forex Trading Broker

Forexyard is a forex broker that has been able to create a hybrid for investors in the financial sector between the utilization of its professional brokerage services and the internet. Forexyard is a Cyprus base forex firm that was formed in 2005 to meet the demands of today’s financial market. The forex broker is easy to use online and its trading platform has the ease to help users sign up and get started with their trading experience within minutes. Forexyard is a great broker that offers its investors fantastic spread within the range of 3 and 5 pips, accounts can be leveraged up to 200:1 and they offer a minimum account opening size of $100. Due to its firm believe forexyard has been able to provide value for each client’s base relationship to foster understanding.

Investor in the currency market can look forward to picking on a variety of account options when deciding to go live. Well it is always advisable that investors start off with Demo accounts before going live. Live accounts are split into SuperMini, Standard, Institutional, & FSA accounts, which have minimum deposits of $100, $1,000, $50,000 and $2,000 respectively. They are built with individual uniqueness apart from the minimum deposits, like they are leveraged differently, you can trade forex and all account types, oil trading is done only on the Standard account, Silver and Gold trading are carried out on the Standard account alone.

ForexYard offers you an opportunity to double your investments. All you have to do is open an account and make a deposit and you get 100% CASH BACK up to $300. ForexYard gives 2 choices of platforms – windows-based download version and Java online version. On both platforms the registration, deposit and withdrawal processes are simple and fast. The payment methods include credit card and wire transfer. ForexYand gives a great support for beginners who want to learn about Forex market through their demo account. Their support is given via email, phone and even face to face. FXYard offers a free online full trading course.

In recent times we have seen an increase in the number of automated forex traders and Forexyard has been able to offer its clients different number of ways to satisfy this demand. Forex trading robots are now a very popular feature of every trader’s tool box. The good thing about Forexyard is the fact that provides non-programmers an easy way of trade automation via its automated trading selection guide depending on the available robots on forexyard. There’s the forexyard FSA account that allows you get a hold of tens of varying strategies, just log onto the FSZ, and place your account on cruise control. This would trade on your behalf, so you can sit back and watch. They also parade an algorithm trading system for more advanced users. They can even write their own algorithm, back test it, turn it on and then start trading with it. This algorithm would enable you buy and sell on the instruments and exposure you select. They also have the API trading system that provides users the power to merge with forexyard’s price feed, while traders with sound programming skills can optimize this accordingly.

Forexyard investors can fund their accounts via Credit card, bank wire transfer and Western Union. Meanwhile investors should take advantage of the current promotions made available on $10,000, $5,000 & $1,000 of $1,000, $500, and $100 respectively. These bonuses would be added to trading accounts. Forex Yard is constantly improving and upgrading their services. They go out of their way to ensure that customers are happy and satisfied.

Reviewer: Forex Trader Website Reviewed: Official AVA FX Website Type: Online Forex Trading Broker

AvaFX is an online forex broker that was formed in 2006 with customers all over the world. AvaFX offers its clients trading experience that is reliable and efficient. It is advisable that you start your trading campaign with AvaFX via its free demo practice account that offers you an account size of $100,000 to start with. It’s so exciting stimulating your trading experience on a practice account or demo account as they offer real time quotes as found on live trading charts. AvaFX has its headquarters situated in the British Virgins Island, with a European head office in Dublin-Ireland. It’s interesting to note that AvaFX banks with Commerz Bank in Frankfurt, Germany.

With its multi-lingual 24-hour support center that offers support in English, Chinese, Arabic, French, Italian & Dutch, clients are sure to have that advanced user friendly interface. I’ll love to say here that the US toll free numbers can be exploited by skype users, who can always call this line free via their skype hence reducing call cost. It is also important to say here that although, I have seen some brokers out there employ the use of instant messages for client support services, AvaFX lacks these and can improve on this.

If the right information is entered correctly then it would take you about 5 minutes to open an account with AvaFX. Meanwhile, forex newbies can start off a 30 days forex trading game on AvaFX via the uses of AvaFX demo platform. If newbies imbibe the required discipline, then they can now proceed to trading live on AvaFX that offers a minimum account opening size of $100. Newbies can also take advantage of AvaFX’s Forex free trading course kit and forex strategies Ebooks, which are valued at $220 & $59 respectively.

Investors can trade live accounts on AvaFX, and they can do this via the Silver, Gold, and the AVA Premium account options. The Silver account option can be opened with a minimum amount of $100, the Gold account option has a minimum of $10,000 and finally we have the AVA Premium account options with a minimum account opening size of $50,000. AvaFX offers new account promo with free cash bonuses that depends on the account size. The Silver, Gold, Platinum & Ava Premium receive a free cash amount of $50, $100-$1,000, $1,200 and a > $1,200 respectively.

Investors can fund their live accounts on AvaFx via the use of Credit Cards, Paypal, Webmoney, Wire Transfer or Neteller. AvaFX offers traders trading experience on the MetaTrader 4 platform as well as the AvaFX own trading software called the AvaTrader 3.2.25.32 that’s well designed with dozens of currency pairs with live streaming rates.

Before you start out with AvaFX as your choice broker, please start out with a demo trading experience s this would help you have a full grasp of the trading game.

Reviewer: Forex Trader Website Reviewed: Official FAP Turbo Website Type: Forex Trading Robot for MT4 platform Description: One of the most popular and profitable Forex Trading Robot in the Market with a high winning rate strategy Price: Currently – $149.95 Guarantee: 60 Days

FAP Turbo is a Forex trading robot which saves you an enormous amount of time. No longer will you have to spend all day searching for your trades, it automatically finds and places them for you.

A Forex trading robot, is a highly specialised type of computer program which completely automates the foreign exchange trading system and can help users to save time and make excellent profits. The robot analyses the market and makes decisions as to whether to sell or buy a particular currency pair. FAP Turbo is very much “plug and play” – once installed and set up you can literally leave it to run on auto-pilot.

Overall, out of all the Forex trading robots on the market currently, FAP Turbo is an extremely solid program that can easily assist you in generating a great profit.

Developed by Steve Carletti, FAP Turbo was designed to be a superior Forex trading application. The developer wanted to focus on working smarter as oppose to harder and eventually came up with this great program which was originally released in 2008 as Forex Autopilot.

So that new users can feel complete confident about using the system FAP Turbo is equipped with a demo account facility which allows users to test the trading system and familiarize themselves with the functionality without risking any of their own money.

Running from your own home PC, the software allows the user to trade the Forex markets 24 hours a day, 5 days per week whether you are at work, sleeping or playing! If your computer is on, the programme is running and you are connected to the internet, then you can be assured that FAP Turbo is working away to spot profitable opportunities and making trades for you. As with all automated systems, you should not rely upon it too heavily – it is always important to have your own input as you are risking your own money, don’t let the robot take complete charge!
FAP Turbo has been proven to work extremely profitably and has an inbuilt ability to quickly respond to market conditions. The software is programmed to work with four different currency pairs – EUR/GBP, EUR/CHF, GBP/CHF, and USD/CAD. The algorithms and intelligence built into the system will work with these pairs for the most profitable results possible.

A recipient of many favourable reviews, RAP Turbo has been mentioned on numerous independent trading websites and seems to have generated a lot of hype in the market, – reports seems to suggest that investors are finding that they can generate consistently profitable results by using FAP Turbo.

Whilst FAP Turbo is sold as being suitable for beginner traders, it should be noted that some aspects of the system are quite complex. It would seem that you get the best out of FAP Turbo you should have some experience of the Forex market and currency trading.

A visit to the FAP Turbo will allow you to see the developers live updates every 15 minutes. The results you can see have been generated by FAP Turbo on a live account and can be quite impressive to examine.
The developers of FAP Turbo are so convinced that you will see profitable and successful results that they are offering a full 60 day money back guarantee. If at any point during the first 60 days after purchase you do not feel happy with FAP Turbo, just contact them for a full refund.

Overall, FAP Turbo seems like a well thought out and professionally developed application. It has received excellent reviews and seems safe and secure. A recommended purchase for anyone wanting to automate their Forex trading.

The Forex market is complex to grasp and full of technicalities, so when you are trading it is always convenient to have access to as many tips and tricks as you can get your hands on.

The most important tip of all, I would say, is to make sure you know exactly what you are doing before you even start to think about trading with your own money. You can learn about trading forex by signing up for a training course or reading one of the numerous books available on the subject. Once you have a grasp of the basics, start putting them into practice by opening a demo account with one of the online brokers for more practice before you start using real cash.

A really good tip, particularly for beginners or those prone to emotional trading, is to put at least a part of your currency trading on autopilot. There are a variety of automated systems or Forex robots available which will enable you to do this.

When trading forex, work to a system which should include pre-defined entry and exit points. There is plenty of information available from websites and books that will help you choose the most suitable system for you. You should also keep your system as simple as possible

Ensure you make use of stop-losses to prevent you losing more money than you can comfortably afford to.

When you are converting currency, make sure you make the transaction in a country where at least one of the currency pair is the local currency.

Try and avoid trading during the release. This is because things can turn against you very quickly during this time.

Use the weekly chart. This will give you a clear view of the big trends, entry points, support and resistance levels.

Don’t be greedy and trade too much! If you let greed take over you run the risk of making poor decisions that are not based on trends and research. Keep your emotions in check at all times. You can also find that by being in the market too much you miss the real opportunities on the high reward, high odds trades because you are too bogged down with everything else you are dealing with.

If you are a smaller investor, then think about risking more on high odds trades. Generally speaking the recommended limit is around 2%, but if you are looking at a good potential return then it is worth going up to 10% or even 20% to make a meaningful gain.

Don’t diversify, particularly if you have a small trading account. It is better to risk more on higher odds trades than lots of smaller amounts on less profitable trades.

Set yourself a profit target for the year. Make it realistic – not even the world’s best fund managers hit 100%. Once you reach your target consider taking a break for a well earned rest before you start again!

Look at a bigger time frame than the one you are trading in. For example – if you are trading in a 1 hour timeframe you should look at daily and weekly charts.

Finally, treat forex trading as a serious business. If you just treat it as a hobby or as a fun pastime you will not make money. Don’t try and predict the market, always use your research tools and trade with your head, not your heart.

If you have a computer and access to the internet then you have the basic tools required to start making money by trading Forex.

The first thing you need to do if you want to trade Forex is to open a Forex trading account. Most online brokers offer the opportunity to open a “demo” account which is a great way to practice your Forex trading skills before starting to use your own money.

On the subject of money, it is possible to open what is called a “micro account” with as little as a couple of hundred dollars, although if you can fund your account with closer to one thousand dollars this will work better.

You should choose a broker that is registered with the Commodity Futures Trading Commission. Look for one who will offer you 100:1 leverage on your trades – this means that for every dollar of margin you have in your account, you can control 100 times that in base currency, so for example if you have a $1000 margin deposit, you can control 100,000 currency units.

Implement a system or plan. This will act as your business plan and give you predefined criteria for when you should enter and exit the market and what you should do in certain situations.

You should plan to only use around 20% of your cash total, this will ensure that you have enough money to cover any losses as Forex is an extremely volatile market and you can lose more than your original investment. You should take your plan into consideration when choosing Forex charting software, to ensure that it can handle the requirements of your plan.

Research is incredibly important if you want to make a profit. You need to understand how world currencies fluctuate in order to become successful in Forex.

Currencies are traded in pairs, so it is a good idea to choose a single pair to focus on while you are learning – this way you can get to know how the market moves and see how small fluctuations affect things. This is a strategy used by the banks – common pairs are USD/EUR and USD/JPY.

It is helpful to monitor the oil, gold and stock markets as these all have an impact on currency markets as do certain types of news event – particularly anything concerning the US Dollar.

There are a wealth of charting packages and research tools available which will help you analyse risks and make investment decisions. The information they provide can be complex, so you should take the time to learn how to read and analyse it. Many online brokers offer charting packages and other research tools as part of your account with them.

You should never try and predict the market, always base your trades on trends and research – there is a saying “the trend is your friend”. The amount of information available to you online is staggering and much of it is free so there is no excuse not to take advantage of it.

If you are thinking about Forex trading then hopefully this information will help you understand the basics about opening a trading account, implementing a system or plan and most importantly the research that you need to carry out. If you make sure you follow these steps carefully you can be sure of making a success of the Forex market.