W.G. Hill Books, Underground Knowledge, Offshore Banking and Investing
Page: Finding a Good Forex Broker - Investor Categories

Finding Forex Broker

Investor categories and how to find a good forex broker

Forex trading has gained enormous popularity over the past few years, much of it due to frustrated investors searching for a more accommodating medium of investment. Stocks have lost their luster during the recession unless your approach has been more like a trader than a long-term investor. As newcomers to forex have learned very quickly, there are high-risk profiles that must be addressed, and one must be adept at both fundamental and technical analysis or risk disaster at every turn. In the forex domain, these two analytical tools are your partners, working synergistically for your ultimate success in forex trading.

Two categories of investors

Investors from the world of stocks and bonds generally fall into two categories. There are those that prefer to research their investment options to a high degree up front and then buy and hold for the long-term, perhaps disposing of their weak performers from time to time and fine tuning their portfolios to ensure prudent diversification.

The foreign exchange or currency trading must take place via properly accredited investment broker
or a broker company, to be scam-free. 
(Image by Pixabay.com)

The second type recoils from this “plodding” process. He is more action oriented and prefers to actively manage his portfolio, entering and exiting the market at will, always ready to pounce on a short-term opportunity. The former traditionally relies on fundamental analysis, while the latter is joined at the hip with technical analytical methods of investing.

In forex trading, these distinctions quickly blur. If a trader ignores the potential for disruption that fundamental economic data releases can cause, then he misses both an opportunity to grab onto a predominant trend or, worse yet, he may be blindsided by an immediate reversal in pricing behavior that his awareness could have prevented with proper planning.

Experienced traders learn early on to keep schedules of potential release dates and times for the government agencies in the countries of their respectively chosen currency pairs.

Finding a good forex broker

The Forex markets involve trading currencies on the open market internationally.
The forex broker reviews often point you towards the brokers that provide quality customer support, including current schedules of key events. By necessity, volume and volatility naturally increase around these key dates and times, and brokers must prepare for the avalanche accordingly.

The best ones increase their server capacity for these periods in order to maintain efficient order execution. Others accept the overloaded condition as a cost of doing business and even exempt their responsibility for executing on a timely basis during these critical events.

Trading on the news strategy

Trading on the news is one of the first forex strategies taught in a structured forex course. There are many data releases that can be classified as “market movers”. Interest rates, GDP growth, consumer confidence, and pricing data are a few.

However, for the past few years, the release that guarantees a 50 to 200-pip move in relative rates compared to the U.S. Dollar is anything related to employment. The Department of Labor releases its report for the previous month on the first Friday of every month at 8:30 EST in the morning.

Forex markets initially “stall” in anticipation of this data release with perhaps some minor movement in one direction that reflects the “mood” of the majority of traders. There is a bit of jostling after the immediate release by those that are attempting to guess the eventual direction of the impending trend, but it generally takes forty-five minutes for analysts to read, assimilate, and develop an opinion about the data.

At that point, the majority becomes a plurality, and a definite trend line forms, lasting upwards of a few hours before leveling off at a new equilibrium. Technical indicators are used to guide your entry and exit.

Trading on the news requires fundamental and technical analytical support, as do most all other forex strategies.

  Forex Trading Strategies Explained
Forex Trading Courses
Automated Trading System
Basic Tools for Trading
Best Forex Books for Beginners
Binary Options Straddle
Binary Options Strategies
The Blade Runner Trading Strategy
The Camarilla Equation
Day Trading vs Swing Trading
Elders Force Index Strategy
Forex Trading Platforms
The Gartley Pattern
Finding Forex Broker
Forex Fundamental News
Forex Market in Currencies
Forex Markets Trading
Forex Trading Account
Forex Trading Beginner Tips
Forex Trading Explained
Forex Trading Worldwide
International Currency Trading
Most Profitable Forex Indicator
Picking Forex Software
Retracement Levels
The 38.2% Retracement Level
Stochastic Oscillator in Forex
STP / ECN Trading Model
Support and Resistance Forex
Safe Haven Currencies
Successful Trader Traits

   Bye Bye Big Brother Black Book
   Bye Bye Big Brother CD ROM
   Bye Bye Big Brother Package
   Citizenship Residency Requirements
   Confidential Communication for PTs
   Paper PT An Important Concept
   What Is PT All About
   The American Expatriation Guide
   Become an Honorary Diplomat
   Brazil and Paraguay Confidential
   Campione Confidential
   ESCAPE by Grandpa
   Instant Legal Residence Abroad
   The Invisible Investor
   Latvia Confidential
   The Monaco Report
   Panama Confidential
   Perpetual Traveler
   PT4 Grandpas Special Collection
   Portable Trades and Occupations
   The Second Passport Report
   Think Like a Tycoon
   WG Hill PT Collection
Bye Bye Big Brother
BBBB Free Chapter
   Basics of Investing Your Money
   Collectibles Worth Investing In
   Cryptocurrency Business Ideas
   Guide to Investing in Debt Funds
   Investing in Penny Stocks
   Investment in UK After Brexit
   Investment Options for Beginners
   Investment Trends to Watch
   Investor Protection for Expats
   Low Risk High Return Investments
   Non-Dom Reforms for British Expats
   Overseas Family Led Investments
   Price of Crude Oil and Stock Market
   Protecting Investments in Bankruptcy
   All About Commercial Lending
   Bankruptcy As A Solution
   Banks Don't Need Your Money
   Basics of Business Branding
   Blockchain Impact on Business
   Business Cloud Software
   Business Financing Sources
   Divorce and Finances Abroad
   Fund Your Small Business
   Hire Business Plan Consultant
   Learn About Finance Online
   Manage Business While Travelling
   Solve Cash Flow Problems
   Forex Trading Courses
   Automated Trading System
   Use Basic Tools for Trading
   Best Forex Books for Beginners
   Binary Options Straddle Trades
   Binary Options Strategies
   Blade Runner Trading Strategy
   The Camarilla Equation Formula
   Day Trading vs Swing Trading
   Elders Force Index Strategy
   Top Forex Trading Platforms
   The Gartley Pattern Chart
   Finding Good Forex Broker
   Forex Fundamental News
   Forex Market in Currencies
   Forex Markets Trading
   Forex Trading Account
   Forex Trading Beginner Tips
   Forex Trading Explained
   Forex Trading Worldwide
   International Currency Trading
   Most Profitable Forex Indicator
   Picking Right Forex Software
   Retracement Levels in Flats
   The 38.2 Retracement Level
   Stochastic Oscillator in Forex
   STP ECN Trading Model
   Support and Resistance Forex
   Safe Haven Currencies
   Successful Trader Traits
   5 Benefits of Antigua Passport
   Costa Rica Offshore Corporation
   Dubai Offshore Banking
   Offshore Outsourcing Tips
   Stress Factors of Expatriates
   The 10 New Bali Project
   Hottest Real Estate Markets
   Real Estate Investment Online
   Return on Property Investment
   Smart Real Estate Investments
   Technology and Real Estate
   Ways to Invest in Real Estate
   Business of Investing in Wines
   Fine Wine as Loan Collateral
   Investing in Wine in Australia
   Start Wine Trading Business
   BBBB Abridged Book
   The Gold Report
   Offshore Banking Guide
   Offshore Road to Riches
   PT2 The Practice
   VIP Divorce Kit
   The Invisible World
   Invisible Banking
   High Yield Investments
   High Yield Investments 2
   Future Wealth
   Financial Crisis
   The Offshore Investment Guide
   Underground Knowledge 1
   Underground Knowledge 2
   Underground Knowledge 3
   Underground Knowledge 4
   Scams and Fraud
   Alan Greenspan's Housing Bubble
   America's Oversized Deficits
   April Job Losses the Lowest
   Bank of America Bonus Payments
   Bank Stress Test Results
   Banks Stress Tests Flawed
   Bank Stress Tests Questions
   Banks Financial Trickery
   Canadian Oil Companies
   Card Issuers Meet Obama
   China Detroit's Lifeline
   China Taiwan Investment Accords
   China's Yuan Carry Trade
   Ciena Corp Recommendation
   Credit Default Swaps
   Elliott Wave Disciple
   General Motors Savior
   How to Buy Banks
   India's Slow Growth
   Japan's Lost Decade
   Long-Short Investing Strategies
   Money Morning Bank Stress Test
   Oil Prices Could Jump
   Russia and China Energy Deals
   Russian Economic Model
   Small Caps Proven Profitability
   Solar Energy Comeback
   Sustained Economic Recovery
   World's Reserve Currency
   Online Transactions Survey Findings
   Millionaire Mindset Charateristics
   Real Estate Investing in Panama
   Strategies for Achieving Success
   New Orleans 2015
   Casey Summit 2015
   Antigua Conference
   Recipes for Success
   Cancun Seminar
   Panama Seminar