Choose The Best Forex Software: How To Choose Good Forex software/ Trustworthy and reliable Forex Brokers

In forex trading choosing the right forex  trading software is highly essential and recommended. There are a lot of forex trading businesses out there that are all contending for your subscription.This makes selecting the right forex software a great task full of hassles.. The majority of the forex trading software accessible offer online forex trading platforms. These are good but you also need to know other aspects of trades that are essential when considering forex software. Some of this may not be available through the online platform.

The basics  and essentials for obtaining the correct and right Forex Software

There are few necessary items you must bear in mind before you buy any forex trading software. The most essential thing is security. The software you should buy must include a 128 bit SSL encryption which will put off hackers from having right of entry and sifting any of your personal details and information like an account balances, business history, and so on.

Adequately securing your forex trading also entails a company that offers 24 hours technological server maintenance for your forex software, in case something goes wrong. It must also provide backups of every piece of information on a daily basis, and be a precautionary system that has been calculated to put off any illegal right of entry. In addition to being able to provide the aforesaid securities, a few forex trading companies make use of smart cards and fingerprint scanners to make sure that only their staffs can have right of entry into their servers.

One more essential factor to consider when selecting a forex software is to verify what the business’ trading downtime looks like. You must also ensure that the trading software you choose is trustworthy and that it is functional 24 hours in a day and that it has technological support 24 hours in a day. Making sure that the forex trading software you purchase is able to provide the above listed criteria will ensure your success at forex trading. The forex trading software is compulsory for any trader who intends to make money with the trading.

How To Choose A Good And Trustworthy Forex Broker

If you are planning to trade forex which is the largest financial market globally, having a forex broker is a must. Unlike a stock broker, a forex broker is capable of also making propositions about which action to take when doing forex trading. Some forex brokers will go as far as offering you technical analysis and suggest tips on investigations to advance their accomplishment as forex traders.

Characteristically in forex trading, a forex broker is a banking organization who may possibly purchase huge amounts of a particular currency. For many years, banks were the only group who could access the forex markets but nowadays with the invention of the Internet, any individual forex trader, who registers with a forex broker, can gain entrance into the market 24 hours a day. Nowadays, just like stock brokers, the brick and mortar organizations, like the banks, are not as much alternative for the singular forex traders who work at the comfort of their own home, observing the news and learning some definite practical information  that will help him or her to take decisions during trading.

Selecting a forex broker may depend on the need of the trader. If you are a fresh forex trader, there are many forex brokers online who will offer you the opportunity of trading with demo account, while some forex brokers deal with more experienced traders. They can also give their suggestions and advices but may not be able to offer you instructional assistance with the information, presumptuous that you may previously know the way it will be of importance or not when you go through it. The best thing to do is to read through information from many brokers, trying different demo account before you eventually choose one.

When looking for a broker, the following points will be of a great help:

Spreads

Due to the fact that forex trading is different from futures and stocks which are bought or sold through a central exchange, the spread can be diverse depending on the forex broker you use. That is why it is essential to try a few before you finally choose one. The majority of forex brokers make known live or deferred prices on their websites, you can therefore make comparison of many spreads and see one that best suit you before you select one.

Implementation

Most forex brokers will show their prices on their website but when it comes to actual trading, they will fail to implement it. A demo account will help you to find out if a broker will actually honor the prices that they publish on their website.

Forex Trading Platform

A trustworthy platform will show you on their site the exact prices you can trade on in real life not just analytical quotes. It will as well offer you Limit and Stop orders, and will perfectly allow you to connect these to your entrance order.

Support

Forex trading takes place round the clock so any forex software you plan to use must offer you a 24 hour market, and your broker must also be available to offer 24 hour support. You can certify from the broker if you are able to close your trade positions on the phone in situations when you have an internet connection problem.

Selecting a good and trustworthy forex broker is easy but make sure you take care not to be hasty about it. Investigate few and trade with a demo account before you finally make up your mind.

FXPrimus Review

FXPrimus brokerage was founded in 2009 in Ebene Mauritius. Their website can be assessed in English but their metatrader4 is accessible in 28 different languages. The development of the internet world in the recent years led to many businesses doing their business online. Many forex brokerages likewise have taken advantage of the internet upsurge to make their services available to traders all over the world. FXPrimus is one of those brokerages that have joined the internet race and is actually doing great in the market.

FXPRIMUS.com was founded by retail traders but it is being administered and managed by a team. Terry Thompson is the president of this brokerage company. FXPRIMUS.com has  its offices in over 200 countries globally. The FXPrimus broker is among the first forex brokers that have an ISO 27001 certification. They are regulated by FSC Mauritius.

FX Primus Ltd Head office is located in Mauritius with the address below:


Ebène House,
3rd Floor, 33 Cybercity,
Ebène, Mauritius

Phone: +44 20 3318 0459
Email: support@fxprimus.com
They as well have offices in other places such as

Mongolia Office

FXPRIMUS Mongolia


Rokmon Building, 10th Floor, 
Office #1006, Undsen Khuuliin Street
24, 2 Khoroo, Bayangol District,
Ulaanbaatar, Mongolia

Phone: +976 7010 5075
Email: support@fxprimus.com

Nigeria Office 
FXPRIMUS Nigeria Limited


Plot 15, Block 113, lekki Penisula
Scheme 1 Lekki, Lagos Island

Phone: +234 808 989 2338
Email: nigeria@fxprimus.com

Peru Office
FXPRIMUS PERU SAC


Manuel Olgiun 215 of. 704,
Surco, Lima 33, Peru

Phone: +51 (1) 700 7995
Email: supporte@fxprimus.com
The FXPrimus brokerage has received several awards including two awards that were given to it this year, 2013. The global Banking and Finance Review this year awarded FXPrimus as the best broker in Asia and Best Trade Execution in Asia, 2013. See the screen shot of the award medal below:



FXPRIMUS works hard to join the league of leading Forex brokers on the internet. They have their website redesigned and re-organized to ensure they meet up with this goal. Nevertheless the designed alone is not compelling enough to make expert traders to try the FXPrimus platform but the security is much more important. At FXPrimus all funds deposited by customers are managed by a third part. With this in place, FXPrimus guarantees its loyal customers of the security of their funds at all times.



FXPRIMUS.com is conscious of the fact that all traders are unequal in terms of their skills in the trading and has incorporated this in their platform to accommodate all traders both novice traders and advanced traders. Traders on logging in into the platform are required to state whether they are new traders or experienced traders. If you are a new trader the platform will re-direct you to where you get more forex education but for expert traders the platform will direct them to where they will access all the tools they need to execute trade successfully.

FXPRIMUS.com provides their customers with various trading options. They can decide to opt for the trendy, trustworthy and well-known Meta Trader 4 forex platform or the much simplified web based trading platform. They also provide an alternative of mobile trading through their mobile platform.
Their platforms are
·        MetaTrader4
·        FXPRIMUS WebTrader
·        iPhone
·        iPad
·        Android
The MetaTrader4 platform is ideal for traders with any level of experience. It is trendy for its easy to use interface, sophisticated charting features, technical analysis tools and automatic forex trading abilities. FXPrimus MetaTrader 4 platform gives room for clients to open multiple accounts on the following base currencies- USD, EUR, GBP, AUD and SGD s well as permits support trading in over 30 different languages.
It also automatically allows you to trade in a number of extra currency pairs. With the platform, the traders are as well able to make a switch between the broker’s 83 tradable assets including currency pairs, stocks and commodities.


FXPRIMUS.com just like many forex brokers provides its first time customers the opportunity to try their system through the demo account. The demo account allows to customers the opportunity of trading up to $50,000 virtual money. The customers after the trial period can decide to open or not open an account with them. When they decide to open an account they can open an account with as little as $250. They also offer customers 3 types of spreads: ECN, variable spreads and fixed spreads. Traders have the choice of choosing the one that suits them.  FXPrimus’ live Trading accounts are divided into

·        Individual Account
·        Joint Account
·        Corporate Account

Commodities
·        Traders can trade on
·        Forex
·        Future
·        Indices
·        Equities
·        Other CFD transactions

Currencies
Signing up with FXPRIMUS is completely standard. FXPrimus allows traders to deposit funds through a lot of channels such as Moneybookers, wire transfer and credit card. All these methods of depositing money are entirely hassle-free. Also, the traders’ account can be funded in any of the following currencies- USD, EUR, GBP, and SGD depending on the type of account they are funding. Again, funds withdrawal is as hassle-free as it is to deposit funds. It takes about 24 hours for you to withdraw your funds.

Customer Service

FXPrimus not only promise to provide reliable and excellent customer services to their clients but they actually fulfill that promise. Email inquiries at FXPrimus take about 5 minutes to receive a response from their customer care representatives which is great. They also offer life chats and telephone inquiries to those who prefer those methods.

The customer services can be accessed in English language and 3 other languages- Bahasa Indonesia, Simplified Chinese and Spanish. If ever you are in need of their technical support, you have the option to contact by live chat, email or by phone. They give the same attention to new and experienced traders.

Overall Rating

The average rating of this broker is 4.8 out of 5 stars. See screen shot below:

Pros
·        
They offer excellent customer support

·        They are as well a STP broker. What this means is that your trade is swiftly processed and you are not trading against your broker but that you are getting a fair trade.
·        They are among the few online brokers that are certified by ISO
·        They offer varieties of the least available spre4ads as well as allow you to choose the spread type of your choice- Fixed, Variable or ECN Premium spreads.
·        They have no restrictions on hedging
·        They provide trading opportunities for other assets apart from forex
·        Their MetaTrader4 is highly reliable.
·        They provide well-organized 24 hours Customer Support.
·        They provide free real-time market news.

·        Ethical and professional broker

   

Cons
·        At times, People’s freezing of ECN MT4 Platform occurs and would not resume work in about 5-8 minutes but occasionally.
·        They don’t accept US Clients
·        They don’t yet support Paypal as a means of payment.


Conclusion

Just like we said above FXPRIMUS.com was set up by retail traders which makes it easy for them to understand the needs of their fellow traders. They endeavor to provide all its customers with an effective trading tools like a trading platform which is stable, low spreads and top notch customer service. It is difficult to find a forex brokerage in the market which can outperform the excellent quality of services provided by FXPrimus. They are already a brokerage with a global base. They are highly sensible to the trading needs of their customers both financially and emotionally. They make trading exceptionally pleasant for all traders especially those that use the metaTrader4 trading platform.

References:
·        Forex Peace Army (http://www.forexpeacearmy.com/public/review/www.fxprimus.com)
·        Forex empire (http://www.fxempire.com/forex-brokers/fxprimus/review/)
·        Daily Forex  (http://www.dailyforex.com/FXPRIMUS/FXPRIMUS-review/454) 
·         Myfxbook (http://www.myfxbook.com/reviews/brokers/fxprimus/15195,1)
·        (http://forexbroker-check.com/forex-broker/fxprimus.html)     
·          (http://forexbrokersreview.net/fxprimus-reviews/)                                                                               
·        http://forexbrokersreview.net/fxprimus-reviews/)
·        http://forextradingmalaysia.org/fxprimus-review
·        http://www.forexbrokerz.com/brokers/fxprimus
·        http://finance.yahoo.com/news/fxprimus-wins-two-awards-global-055849776.html

The Forex Market: Forex Trading Strategies and Various Ways To Trade Forex

The forex market exists anywhere one currency is bought or sold for another. It is undoubtedly the leading global financial market and includes transactions between big banks, central banks, currency entrepreneurs and opportunists, international businesses, governments, and other financial souks and organizations. The standard daily global forex trade and associated financial markets is above 3 trillion US dollars. Individual retail forex traders are only a minute fraction of this huge market and merely take part in the trading in a roundabout way through forex brokers or banks, and are susceptible and prone to forex scams.

The forex market is exceptional because of varieties of criteria which include: the large trading volume, the tremendous liquidity of the forex market,  the huge number of different kinds of traders in the market, geographical dispersal, the trading of the market round the clock with the exception of weekends, the lots of factors that influences the currency exchange rates and the small boundaries of earnings put side by side other markets of rigid income though profits can be sky-scraping due to very huge trading volumes.

Forex trading existed since the establishment of financial markets but on-line individual retail trading only began since about 1996. Beginning from 1970s, bigger retail forex traders were able to trade FX at the Chicago commercial exchange but individual online forex trading only kicked off in 1996.

In an archetypal foreign exchange market, or Forex trading, a trader buys a certain amount of one currency and pays for it through a certain amount of another currency. For the reason that the currency trading is a global business and non-nationalized fiscal market, there is a massive forex transaction capacity which results to a lofty liquidity, plus which sequentially and consequently leads to a more stable financial market eventually.

It is highly essential to be aware of this prior to and when a trader is planning to choose his/her own forex trading strategies. There are many forex trading strategies out there but only very few are very popular for their efficiency. Sustainable successful and winning trading apart from necessitating a trader to choose the correct strategies also requires him/her to make use of the chosen strategies to characterize the Forex signals that makes it possible for him to know a better entry point for a particular pair of currency. The forex trading strategy education we are going to provide in this article should be able to help any trader to make proper trading decisions.

1. Breakout Forex Trading Strategy:

This trading strategy is one of the simplest forex trading strategies to use in trading and is very beneficial when a trader is observing the charts correctly. Interim breakout forex trading technique is commonly a chart-dependent forex trading policy that lets traders make use of the technical analysis forex trading techniques and is a very good as well as easy strategy for fresh entrants in the currency market. Trade volume as well plays helps in determining whether to choose and when to choose breakout trades. A forex trader ought to observe a winning volume, alongside the breakout, to be able to check the market force before choosing a position. It is essential to know that a sharp volume rise at the breakout followed by a brisk decrease in volume shows that the breakout is feeble and subject to collapse. Such breakouts ought to be evaded by all means.

2. Carry trading forex strategy

Carry forex trading strategy is a trading procedure where a forex trader sells a particular currency that has a very minimal interest rate and uses the proceeds to purchase another currency which has higher currency interest rates. The return of the investor is from the difference in the value of the two variable interest rates. A forex trader that transacts with this forex strategy strives to examine the variation amid the 2 rates, which is frequently capable of being significant, based on the degree of leverage applied. It is very common to make profit of about 45 % with this type of trading strategy.

3. News Forex Trading

This forex trading strategy is based on forex trading news. The trader bases his trading on news and assumption of foreign currencies usually immediately before a forex news or just after a crucial forex news have been released. On a daily basis, about seven pieces of information are released on the news consigning the eight main currencies that are being traded or countries that are for the most part strictly trailed. Therefore for investors who choose to trade on forex news, they have enormous potential of making sizable gains. Forex signals are very crucial with this forex trading strategy because they will help the trader to time a good entry point as well as make a good trading exit.

 From the ongoing, you would have observed that there are many trading strategy for you to choose from but it is advisable for a new entrant in the market  to trade lightly till he/she has become fully aware of the best trading strategies that suit his/her personal needs  and which is the simplest strategies to put into practice. Forex trading signals will alert you when it is the best time to go in and out of trading, however, you are not bound to follow the signals, and you can choose to follow or not follow the signal.

 A very good Forex Trading Strategy is highly valuable if an investor intends to do well in the market.

Why Good Forex Trading Training And Forex Trading Education Is Essential!

Forex training courses

To be successful in the forex market, good forex trading training and education is highly essential just as it is applicable in everything you do in life for survival. For a new forex trader, seeking the professional service of a good mentor is very helpful to becoming knowledgeable in the market, because if he guides you through the whole thing that a thriving trader comprehends, there isn’t any basis that you shouldn’t be as thriving as he is.

There are varieties of Forex training method available for you to choose from. The trendiest method of forex trading training is online forex trading education.  You can as well do forex trading tutorial online or attend forex trading workshop or classes.The internet is filled with a lot of websites developed for online forex trading training.

Many forex traders do their forex trading courses by following the instructions of successful experts in the forex market yet in practice they deviate from the instructions they were given which usually results in lack of success at last. Such traders eventually blame their failure on their instructors but the truth is that very often traders who do the online forex courses, instead of sticking to what they were taught lack the discipline to follow the guidelines given to them during the course.

Self discipline is essential to becoming successful in the market. All type of training and forex education no matter how good it is if the forex trader who did the training is not self restraint, the whole training will be a complete waste of time. So, before embarking on good forex trading training and education, it is advisable that the trader first of all undergoes training in discipline and self restrain. If a trader is able to restrain himself, he has a better chance of succeeding in the forex market.

Nevertheless, Forex trading training (http://www.forexvision.com/directory/education/training/ ) is highly beneficial in many different ways. Forex trading training will help you to learn how to recognize market conditions, how to compose first-rate entries, how to deal with trades, how to manage trading risk, and so on. Even though, without self discipline, all the information will be useless as was said earlier, however, the knowledge is very good in forex trading.

It is difficult to some extent to explain what Forex training entails for the reason that are very many things that the forex trader can be trained for. Take for example, a Forex trading training programme may be completely structured to teach one aspect of forex trading training like how to read and follow the market trend. The instructor or the program may be a very good but that knowledge alone is not sufficient enough to put you in a better situation to becoming successful in the market.

What this means is just having a forex education (http://www.jfx.com/Forex_Education) in only one aspect of forex trading is not enough. If take for instance again, the forex trader learn how to scalp, the instructor or the scalping program may be very good but it just focuses on only a small shift in the market and when they take place and does not embrace the whole forex market. If the only forex trading training that the forex trader has is that of scalping, he or she will definitely not have enough information that will help him or her to succeed in the market. The implication of this is that being good at scalping entries without having knowledge of how to manage the trade after the entry would not make you constantly successful as you hope to be in the market.

What we are driving at is that holistic forex trading training is essential and crucial to becoming a successful forex trader. What we mean by this is not that a forex trader has to know and fully comprehend every policy of forex trading available but that the trader must have the basic or elementary knowledge of all he needs to make him a long time successful forex trader in the market. It is essential to know the primary ways you should safeguard you investment prior to making more money through the investment. You must also know the rudimentary ways of trade management. If the trader is unable to manage the trade he or she has placed correctly, it will be hard for him or her to be successful no matter how good his/her entry is.

Good Forex trading training and education should guide you through all the necessary steps that will help you to make good returns on a long term basis. It ought to also teach you details of how to manage risk and trade. 

In reality, a good training should not only be about information giving, it must include details of what the forex instructor has done to be successful. With the instructor’s experience, the forex trainer will better understand how to be successful.

Hedging And Forex Trading

Forex hedging simply means a hedging done in foreign exchange market.  In this type of Hedging, buyers and sellers crash down their possible risk in trading. This cannot completely erase the possibility of the trader running into danger or loss caused by a circumstance not envisaged in the market that makes the trader’s position unfavorable and as a result affects their finances. However when they do excellent hedging in the forexmarket it can reduce the possible risk on the said money of theirs.

Forex traders ought to have a good knowledge of some positive elementary policies like hedging. These will definitely make them more capable as they grow in their expertise in the market. These important elementary values will essentially help shareholders, together with talented and incoming shareholders from supplementary markets, to be pleased about its energetic and totally comprehend the hazards that they may encounter when doing trade on the paper.

Hedging in the forex market; (http://www.investopedia.com/ask/answers/forex/forex-hedge-and-currency-hedging-strategy.asp#axzz2N7CqQYiN)

 what does it imply?

To be able to have a better understanding of what hedging means, it is best to consider it as insurance policy. Forex traders who do hedging are only insuring themselves of possible harm. It wouldn’t however stop anything negative from happening to them while trading but when the traders are very well hedged, the feel of the loss or danger would be highly minimized and less felt by the trader. A look at the above, clearly reveal that hedging is almost applicable to everything one can think about. Take for instance a trader who buys car insurance is hedging themselves from possible occurrences of fire outbreak, theft and other similar unforeseen dangers or risks.

Those who manage files, individual shareholders and companies make use of hedging policies to limit the extent to which they may be exposed to different types of monetary risks. In forex markets, hedging is much more obscure than just paying for an insurance to company that deals with insurance on the yearly basis. Hedging against trading risk entails tactically making use of mechanisms in the marketplace to counterbalance the risk of possible unfavorable movements. Put differently, shareholders hedge one asset by building a new one.

To be precise, forex traders that engage in hedging would spend two collaterals’ with downbeat relationships.  Shareholders won’t of course get this privilege free of charge; they ought to pay for it in one way or the other.

Even though many traders may imagine about an earth somewhere where revenue prospective are boundless but also hazard free, hedging can’t offer this type of imaginary world.  A decline in risk will for all time signify a decline in possible proceeds. Therefore, hedging, mainly, is a policy by which traders can cut down on possible risks and not a policy meant to earn them money. If the asset traders are hedging against makes cash, they will have characteristically decreased the wages that they might have made, and if the assets go down the hedge, if thriving, will lessen that loss.

What Procedures do shareholders follow to Hedge?

Forex hedging policies usually engross the use of obscure fiscal mechanisms known as offshoots, the two most popular are preferences and potentials. Here the crux of the matter of unfolding how these mechanisms work would not be dig into. It suffices for now to know that these mechanisms can improve trading policies.