Tips for You to Identify a Good Forex Trading Software Provider

A multiply of different forex trading services will contribute a lot to a successful forex trading, and  forex trading software is undoubtedly served as one of the most crucial and effective approaches, for which it diversify traders trading strategies by hinting successful cases of professional traders with a plenty of tracking records. If you haven’t got much access to forex trading software before, you may be puzzled with a plenty of questions to ask, such as how forex trading software works and how to identify a good forex trading software provider by yourself. Well, just be fine, let’s unveil their marks together.

What is forex trading software?

Before we discuss forex trading software, you should know what forex trading are first. In general, a forex tradingacts like a trading alert for the forex market, notifying traders who subscribe forex trading services when a currency pair is potential profitable to be traded since a price movement is likely about to happen. Usually the forex trading software providers, which usually can be independent forex brokers or other financial institutions, would send the trading to traders via email or SMS.  Since excellent forex trading software services have the backup from forex trading experts and professional traders, they are not only useful for forex beginners but also for experienced traders. Of course, forex trading software providers put lots of energy and time to work on their forex trading strategies, therefore good forex trading software services usually are not free of charge.

How to identify a good forex trading software provider?

There are thousands of forex trading software providers in the forex market, and you might wonder how to identify a good forex trading software provider among them. Well, choosing a forex trading provider can be challenging thing to do if you don’t have an experienced trader friend to recommend a good one for you. However, here I can give you some principles that help lead you to find the right forex trading software provider and help you make profits from forex trading as follows. 

First of all, you should definitely figure out how the forex trading software providers generate their trading trading. Usually there are two main ways to generate forex trading, either using forex software which is purely based on technical analysis techniques, or using forex experts to generate trading while combining fundamentals analysis and technical analysis. Traders are definitely worth to pay more money to follow the experts’ opinions instead of putting their faith on the software.

Secondly, it is suggested for forex traders to check how these forex trading software providers perform in the past. Historical performance can show if these forex trading providers can provide right opinions for their clients to make investment decisions and make high yield. Usually professional forex tradingsoftware providers are also likely to offer credible claims regarding their performance.

Last but not the least, traders should try to find out whether forex trading software provider could deliver the information in time. As time is money, especially in forex market. Timely and accurate information crucially plays a significant role during the trading that perhaps could send traders in loss or a big gain, even though some forex information trading perhaps only work for a few minutes. Therefore, just keep in mind that the software you choose should be guaranteed with efficient and effective information delivery. Give a second thinking to yourself before you decide to choose any forex trading software provider. And you may try the trial version to test their services and pay a close look at the reviews concerned.

The Correct Criteria for the Best Trading Platforms to Trade in Forex

Summary- Trading platform is the most essential thing which helps in Forex trading. This article particularly focuses on the right criteria to choose the best trading platforms.

Trading has been the most essential part which has helped mankind to develop his economic forefront. Till the end of the 20^th century trading stocks and bond was known to mankind. The concept of Forex or foreign exchange was not that popular. It was the proliferation of the information and communication technology and the path breaking innovations in the field of internet connectivity, Forex has come into popular terms with the common people. The knowledge and the knowhow of the foreign exchange trading were restricted to a handful of high end business class and specific organizations which used to deal in foreign exchange itself. The explosion of the World Wide Web in the early 21^st century armed the common man with the tool to deal in Forex trading. These were called the trading platforms and with best trading platforms dealing in Forex become much easier for them.

To talk about the Forex market, it is the largest, the most volatile, absolutely dynamic market place which exists in the virtual world. More than 3.98 trillion dollars are being transacted each and every day. Currencies from all over the globe including Dinar, Deutschemark, Lira, Rupees and several other currencies are being invested in this global market. This humongous market place with infinitesimal potentiality gives the dealer the opportunity to strike the gold through the Forex platforms which forms the portal between the Forex world and the common man’s world. It is extremely essential to get the best platform for the trade. There are certain criteria to choose the correct trading platform to fit to your needs.

The first criteria to be fulfilled are the speed and the reliability of the platform. The platform has to be accurate about giving information about Forex on a consistent basis. If the platform is unable to give precise reading about information and data, it can lead to trade re-quotes and losses.  Good trading platforms should be having minimum downtime which will help in smooth trading activity without any kind of disruptions. The demo version provided in the platform itself will help you to gain a degree of knowledge about streaming price quotes and trade execution time of your preference.

The second major criteria about Forex trading platform is that it would be able to do market trading. It should be having auto refreshing chart to give the updated view of the market. It should have a large number of preset technical indicators which are commonly used by the traders. A wired news feed service is essential for the Forex platform delivering the latest news about Forex. Another major criterion is the one click access to the Forex market.

The third major criterion is the ability of the Forex to trade with multiple asset types in different market.  The seamless connectivity between multiple asset classes is very important for the Forex dealer.

Forex software trading has become a quintessential for the dealers and the above mentioned points will help in making the ultimate trading platform.

How can traders consider the best trading platforms

If you flip through the magazine pages or browse through the internet, you will find several articles and blogs talking about the problems of choosing the best trading platforms. People literally spend hours to choose the best amongst the rest. Not all can end up making the right selection and so they face a huge number of problems and failures. In order to find out the ideal platform from the lot, all you need to do is remain very cautious about the features that each trading stations offer. Depending on the features, you need to decide the platform that best suits your financial requirement. Always remember one thing that a Forex terminal is like a sharp weapon that can fight any battle in any market condition. It is completely up to you to find out the ideal station, because a platform’s quality can either make or break your trading performance at any point of time. So, be very careful while making your selection.

You can very well carry out your trading activities only if you are able to choose one of the best forex trading platforms from the market. In order to pick out the best from the rest, you need to consider few important things.  Some of them are as follows:

Selection of the platform should be done on its reliability factor

Whenever you decide to choose a trading terminal, make sure it is reliable and has the ability to perform all kinds of functions without fail. In order to find out such a terminal, you must make proper researches and studies on internet. If you consult with the forex experts and professionals, you can certainly find out the most dependable trading station.

Selection of terminals should be done on its user-friendly factor

It is another most important point you must keep in mind while selecting the finest trading platforms. Every trader desires to trade smoothly and comfortably without any tensions and worries in their mind. This is very much needed, because in currency trading ‘time’ is considered as money and only a reliable and user-friendly platform can help you reach success. Always remember one thing that a small difference in this calculation can lead to huge losses and profits.

Selection of a forex platform that offers completely safe trading environment

As currency trading involves sending of confidential data via trading platforms, it is very essential for every terminal to have proper safety measures. Only a best trading platform can provide safety and would prevent all unauthorized entry to your account.

Selection of a trading station that offers brilliant customer service

Believe it or not, but without this particular almost every novice trader will face difficulty in forex trading. So, always choose the ideal one that offers its users multilingual services. This particular service will enable traders get easy access to any customer service unit across the world.

Primary Characteristics Of Best Forex Trading Platforms In Forex Market

Before starting with your trading you must find one of the best trading platforms which would be suitable for you. This will be only possible if you are familiar with the main characteristics of the leading platforms.

Prior to starting out in the Forex market you should take a training course regarding the trading basics. But, the most basic thing that you must do before starting to trade is find out one of the best trading platforms that would be most suitable for you. Your platform is the most important tool that will assist you to make profits in your trading. Of course, we will not be compiling a list of the leading platforms. But, we will discuss the main characteristics of the trading platforms which you would desire to have when choosing a platform. 

The most important thing that you must ensure is whether the platform is completely authentic or not. As a trader you need to find the customer service and ways via which you can contact them. Just send them an email or call and you will surely be able to determine their authenticity. Then again you must check the technical and fundamental analysis tools that would beneficial for trading in the future. The leading platforms would offer you a great choice in this regard and at no charges. 

There are different online Forex trading platforms that offer free demo accounts. It would be best if you verify whether you are comfortable with the platform. You must be confident in using the platform for trading with your own cash. You should not go ahead and place a trade if you are not totally sure of the platform you are using. Some of the trading platforms will assist you to be in touch with an expert who could be a guide to you. He can be a guide who can help you in succeeding as they will make money from your trades. So, it can be a great association and a wonderful start into the Forex market. 

The Forex trading platform must have a good reputation. It is essential to remember that you are not capable of executing proper trades if you are not using a reliable platform. This will ensure that you can work in total harmony. If you get the right trading platform then it would make a huge difference for you as a trader. If you find a user-friendly interface then you will not have to waste time in making out the operating methods of the platform and you can focus on the trading aspect. 

The Forex platform should incorporate signals, news updates, event calendars, charts, alerts, and trade orders. The FX trader need to stay updated about the market conditions so that he is able to minimize the risks associated with trading. If you are familiar with the characteristics of the best platforms then you can definitely make the right choice for yourself.

IKON Easter Promotion Rules

IKON Easter Promotion Rules are listed as below:

1. Each person can only register for one live account.

2. Only a maximum of 2 entries can be submitted into the promotion per person.

3. By registering for an account, you accept that all information must be true and accurate.

4. IKON Group reserves the right to withdraw any entrants if the participant breaches any of the rules above.

http://mylovelyforex.wordpress.com/2012/04/06/ikon-easter-promotion-rules/

Why Trade Spot Gold and How to Make Money in It

Spot gold is quite popular among investors nowadays. It is traded globally in an over-the-counter (OTC) market. The spot gold market is available 24 hours a day from Sunday at 6:00 p.m. (Eastern Time) to Friday at 5:00 p.m. (Eastern Time).

Why trade spot gold?

Reason No. 1 for trading spot gold: haven against unstable circumstances

Spot gold is a safe-haven for it is not that easily influenced by economic, political, social or currency-based crisis, such as investment market declines, inflation, war and social unrest and gold has been gradually gaining in value for around several decades.

Reason No. 2 for trading spot gold: spot gold market is accessible for 24 hours

As I have mentioned before, Spot gold market is available 24 hours from Sunday at 6:00 p.m. (Eastern Time) until Friday at 5:00 p.m. (Eastern Time), which provide traders convenience in choosing spot gold trading time.

Reason No. 3 for trading spot gold: wider choices of spot gold platforms

Nowadays, there are a great number of platforms that enable traders to trade spot gold, which provide convenience and wider choices for traders to trade spot gold. Traders are able to choose such reliable platforms as IKON prodigy, IKON MultiBank etc. to trade spot gold.

http://www.ikonfx.com/forexblog/why-trade-spot-gold-and-how-to-make-money-in-it/

How to Face the Loss in Forex Trading?

You must be pretty much clear that on one step into forex business with a guarantee of a successful trade. Imagine that being able to enter the market and have a 100% assurance that you will come out a winner. The concept is called arbitrage trading. An arbitrage opportunity exists when there are discrepancies in the market between brokers. So this is pretty much sure to say that you need to learn how to take a loss in forex trading.

http://mylovelyforex.wordpress.com/2012/04/05/how-to-face-the-loss-in-forex-trading/

What Forex Beginners Should Know about Forex and Forex Market

What is forex and the Forex Market?

The basics of Forex is exchanging one currency for another one. There is no central marketplace for forex exchange and forex is traded worldwide among the major financial centers such as London, New York, Tokyo, Frankfurt, Hong Kong, Singapore and Sydney etc. Forex market is open for 24 hours a day, five days a week except weekends and holidays. Forex market is the largest financial market all over the world in terms of trading volume, which is billions of dollars on a daily basis.

What are the advantages of trading forex in forex market?

Forex market attracts more and more forex traders to try trading Forex; what is the reason? There are several distinguished advantages of forex market:

1. As I said above, the trading volume in forex market is huge; it definitely indicates that it is more possible for Forex traders to get profits because of the high liquidity; however, it also means that it is rather easy for them to lose due to the liquidity.

2. Traders have flexibility in choosing trading time because forex market is open for 24 hours a day except weekends. Thus, some traders choose to trade forex full-time and some others trade forex as part-time traders.

3. The low commission fee provided by forex market compared with other financial markets enables traders to save a lot of money.

4. Using leverage attracts a large number of forex traders because it provides potential of making more profits with a small amount of investment.

http://www.ikonfx.com/forexblog/what-forex-beginners-should-know-about-forex-and-forex-market/

Steps in forex

Sept2: Consult a trusted broker. You need to trade through a broker who will not deal against your trades with human dealers or electronically. Most retail Forex brokers take the other side of your trade because they are the market makers. The forex market has gotten big enough and regulations have gotten tight enough that most brokers are playing by the rules. You can search the US Government's website to determine if your potential broker is playing by the rules. Visit www.nfa.futures.org/basicnet/ and enter the name of your broker, you can find out all types of details on their business practices.

Best Forex Tips to Learn Forex for Forex Beginners

Forex trading is becoming more and more popular among forex traders; but it is not easy to make money in forex market. Chances of making money are equal to every trader but only traders who know the importance of learning forex have a better chance of making money from forex market. It is always necessary to learn forex no matter you are a novice trader or an experienced trader; the reason why some forex traders are able to succeed in forex trading is that they keep on learning forex. As an old saying goes: it is never too old to learn. Then the question comes: how to learn forex? There are many ways that people are able to learn forex, I will list them below.

1. Learn forex by reading

It is quite easy for forex traders to buy books on forex nowadays because forex trading is becoming popular among common people a Forex traders are able to buy forex books wrote with various languages. By reading forex books, traders are able to have a better understanding of forex market, forex trading platforms, tools, signals, strategies etc.

2. Learn forex from experienced traders

Experienced traders can be good guide to novice forex traders because they have accumulated forex trading knowledge through real trading. They always can tell novice traders when to buy and sell, what the present market state is and how to avoid losses and so on. Forex beginners- are able to learn forex and get experience from them easily.

3. Learn forex by attending training classes

Forex traders nowadays have a wider choice of ways to learn forex. Forex trading classes are one of them. Traders are able to learn forex by taking online forex training classes or attending classes in real classrooms. By attending training classes, traders are able to get a rough idea of what forex trading is and thus, they can get prepared for forex trading.

http://www.ikonfx.com/forexblog/best-forex-tips-to-learn-forex-for-forex-beginners/

Forex trading

Forex information are listed as bellow. Currency brokers make their profit through these differences of ‘bid & ask’ price and this is how they manage to provide their services to individual investors without charging them commission fees. If you are new to trading it makes sense to deal in the more popular currencies. There are two main reasons for this. Firstly you do not want to be left with a currency where there is little interest and you may have difficulty selling. Secondly the spread between the bid/ask prices is likely to be narrower, making it easier to make a profit.

http://mylovelyforex.wordpress.com/2012/03/30/forex-trading/

What Forex Traders Should Know about Forex Futures?

Forex futures are traded by making contracts to exchange one currency for another at a specified date in the future date. Exchange rates and trading amount are also fixed on the purchase date. Forex futures are traded via exchanges, such as the CME (Chicago Mercantile Exchange). The underlying exchanging object of forex futures are forex exchange rates, such as the Euro to US Dollar exchange rate, or US Dollar to Japanese yen exchange rate. Forex futures are traded exactly the same way like other futures markets.

Forex future is a derivative of forex. There are some differences forex future and spot forex. Today I will list some of the most distinguished differences as follows for your reference.

Difference No.1 between spot forex and forex futures:

Forex futures traders are able to use forex futures to hedge against losses brought by forex market volatility. In spot forex, traders need to experience every up and down of forex market.

Difference No.2 between spot forex and forex futures:

Trading Forex futures need to pay commissions but in spot forex trading, forex traders only needs to pay for spreads.

http://www.ikonfx.com/forexblog/what-forex-traders-should-know-about-forex-futures/

Starting in Forex Trading with Currency Pairs

To start trading on forex, one must first learn how to read forex quotes. Foreign exchange quotes are always listed in pairs (e.g. USD/JPY 109.2): the first listed currency is known as the base currency with a constant value of 1 unit; while the currency listed in the second is known as counter. In our given example, USD/JPY 109.2 means a dollar of United States Dollar is equal to 109.2 Japanese Yen.

http://mylovelyforex.wordpress.com/2012/03/29/starting-in-forex-trading-with-currency-pairs/

Tips on How to Choose the Best Forex Software

If forex traders google for the best forex software, they are able to get numerous results. Among so many choices, how to find the best forex software? First, let’s just forget about the numerous results because the more you read them, the more you tend to be confused. Some of them just recommend traders to use their software without telling traders what traders should know. So today, I will list the simplest way to help Forex traders to find the best forex software.

1. Best forex software is easy to use

Do not use forex software that is too difficult to use because traders have to spend a lot of time in researching how to use the software. Best forex software is normally user-friendly, forex traders are able to execute orders, change interfaces and trade forex quickly by using best forex software.

2. Providing forex demo account

Best forex trading software usually provides forex demo account for traders to practice with. By using forex demo account, forex traders are able to get more and more experienced in forex trading and most importantly, forex traders are able to test the performance of forex trading software by using forex demo account.

4. Providing first class customer support.

Best forex software is bound to be equipped with comprehensive customer services for traders. Usually, forex traders are unfamiliar with forex software when they first use it. they might have many questions about the software, thus they need assistance in setting and using from the software provider. Best forex software is able to provide the above mentioned customer support to forex traders.

http://www.ikonfx.com/forexblog/tips-on-how-to-choose-the-best-forex-software/

Things you should know in Forex

Forex trading system: Top traders have a Forex trading system. They have the discipline to follow it rigorously, because they know that only the trades that are signaled by their system have a greater rate of success.
Price behavior: They have incorporated price behavior into their trading systems. They know price action has the last word.
Money management: Avoiding the risk of ruin is a primary subject to the best traders. After all, you cannot succeed without funds in your trading account.

http://mylovelyforex.wordpress.com/2012/03/28/things-you-should-know-in-forex/

Introduction to Different Types of Automatic Forex Trading

Automatic forex trading is quite popular because it helps many traders solve their problems in forex trading; for example, a forex trader who wants to make money in forex market but does not have enough time to trade in front of computer can use automatic forex trading; or a forex trader who does not have enough experience can refer to analysis and advices of automatic forex trading. Before traders enjoy the conveniences brought by automatic forex trading, they should know how many kinds of automatic forex trading they are able to choose from.

The first type of automatic forex trading is fully automatic forex trading. Fully automatic forex trading is able to make decisions on aspects of orders such as entry, exit, price or amount. It also can initiate orders automatically. What forex traders need to do is adjusting technical parameters of automatic forex trading program. By using fully automatic forex trading, forex traders are able to hand over forex trading to automatic forex trading program totally. Even an inexperienced forex trader is able to get profits with the help of automatic forex trading. Then the program will analyze the market, watch over it and close positions all by itself. If forex traders need their trading to be done by others totally, they are able to use automatic forex trading program for help.

Read more

http://www.ikonfx.com/forexblog/introduction-to-different-types-of-automatic-forex-trading/

China’s Financial System “sound and safe”

Let’s introduce some forex information. Under multiple negative factors, both international and domestic, China has reacted actively and properly, made efforts to improve the predictability, pertinence and flexibility of macro-economic control policies, and timely solved outstanding problems in economic development.

As a result, the country’s economy has maintained its momentum of smooth and rapid development, wen said.

http://mylovelyforex.wordpress.com/2012/03/27/chinas-financial-system-sound-and-safe/