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Mirror Trading platform of FXOpen with Myfxbook Autotrade

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Review of the Mirror Trading platform of FXOpen The Forex broker FXOpen offers the possibility to connect its trading accounts with the mirror trading platform and service Myfxbook Autotrade, one of the largest providers of automated Forex trading today. This company offers hundreds of trading systems of all kinds as signals providers. Each time a trade is opened in a signals provider’s account, … Read more

FXOpen Forex Affiliate Program

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FXOpen affiliate program

FXOpen Affiliate program Review

The Forex broker FXOpen has a simple but interesting Forex affiliate program that allows any customer of the company to get an extra income promoting the services of FXOpen, basically getting new customers (traders) that open a trading account and deposit funds in it. It can be said that the affiliation to this program is completely free and the affiliate only has to open a trading account with FXOpen, which has no cost at all. After the opening of the account, it will be activated without the affiliate having to deposit funds into it at the beginning, unlike other brokers that do require a minimum deposit.

The marketing resources of this affiliate program are quite limited and do not offer banners and other similar promotional tools. The only thing it offers is a link to the website of FXOpen which can be used by the affiliates according to their judgment and criteria to promote this broker. FXOpen only offers a payment plan based on Revenue Share. In this case, the affiliate gets 1 pip for each transaction made for each referred client. Thus, if a trader made a trade of one lot, the affiliate who referred that client receives a payment of $10.

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FXOpen PAMM Accounts

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What is a Forex PAMM account? Basically, PAMM accounts are managed trading accounts in which a professional trader is responsible for conducting market operations using the money of investors who invested their money with them. PAMM accounts are an excellent option for people or companies wishing to invest in the forex market but with no experience and / or time … Read more

The Candlestick Price Charts

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Candlestick Charts – Offering Best Information about Forex Trading!

All traders in all financial markets continuously seek for proper tools to analyze the behaviour of the price of the financial assets in order to determine its direction and the right moment to open a position.  Well, there are numbers of solution available through which people can get the right option for their market trading. One of the best solutions is the candlestick chart which is a special type of bar-chart  through which investors can get more information about the price behaviour of any financial  instrument like stocks, currency pairs or derivative for example.

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Bar Charts in trading

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Bar charts- A useful market analysis tool

The Bar charts are one of the various types of prices charts used to analize the market movements. The bar charts, unlike the line charts, shows the movement of prices for a specific period of time (can be 1 minute, 5 minutes, 1 hour, 1 day, 1 week, etc), besides the opening price, closing price, maximum price and minimum price. The bar is represented by a vertical line and two perpendicular horizontal lines. The high point in the bar is the maximum price achieved in the period while the low point is the minimum price in the same period. The two horizontal lines are arranged one to the right and the other to the left. The left side line represents the opening price and the right side line is the closing price.The information represented in the bar charts is more complex than that presented in line graphs, but is also more complete.

There are two types of bar charts used in Forex and other markets, and differ slightly from the information presented. One is called LHC (initials Low, High, Close) chart and the other OLHC (initials of Open, Low, High, Close) chart, and they look very similar in the graph but in fact there are some differences between them. These charts show bars with information on price movements of a currency pair in a given period. For example, if we choose to see a OLHC chart of the EUR /USD of 15 minutes, each bar shows information about what has happened in separated periods of 15 minutes in the Forex Market.

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FXOpen accounts to trade with cryptocurrencies as Bitcoin

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The ECN Forex broker FXOpen has created a new type of trading account known as Cripto Account, which specializes in transactions with cryptocurrencies as Bitcoin and Litecoin which in recent years have increasingly become a sensation in the world of financial markets, especially in the case of Bitcoins.

In this case, the trader can speculate Bitcoins, Namecoins, Litecoins and Peercoins against major currencies like the U.S. dollar, euro, ruble and yuan. The trader also has the ability to speculate on the value of a cryptocurreny against another, such as the case of bitcoins against litecoins for example.

Currency pairs that FXOpen offers to trade with cryptocurrencies are:

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Trading contests ForexCup of FXOpen

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  The Forex broker FXOpen organizes a series of trading competitions for their customers known as ForexCup, which offer cash prizes for the winners. These tournaments for traders are performed with demo accounts and may have different conditions such as the contest duration, prizes for the top places, requirements for participants and other similar aspects. Overall, ForexCup offers two types of competitions: Competitions … Read more

Technical Analysis in Trading

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What is Forex technical analysis?

Introduction

There are two main approaches used to analyze and decide when to buy or sell in the market. These methodologies are called technical analysis and fundamental analysis and each one is based on radically different principles. In this section, we are going to discuss mainly about technical analysis but at the same time, we are going to present an introduction to fundamental analysis to explain this approach to visitors.

Fundamental analysis

In the Forex market, the fundamental analysis examines in depth the political, social, or economic events and how and why these events have historically affected the prices of currencies. So its main purpose is to understand the current state and likely evolution of the price action according to the socioeconomic circumstances that are currently being developed or in the process to be developed.

In the case of stock market analysis, for example, the fundamental analysis examines the financial reports published by the company, audits, quarterly and annual balance sheets, market trends, product quality, dividends, sales, position against competitors, news, etc… Ultimately this determines whether the stock price is below, above, or matches the price at which such share is quoted at the time. If, for example, the result of the fundamental analysis shows that the share price should be higher than what is listed at that time, the recommendation is to buy it and wait for the market’s true value.

In the case of the Forex market, fundamental analysis studies the economic, political, social, and even weather events that can affect the exchange rates of the currencies mainly in the long term.

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Analysis of FXOpen – Forex and CFD Broker

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FXOpen-Broker Review

FXOpen is an ECN/STP (Straight Through Processing) Forex broker founded in 2005 which allows to trade with Forex and commodities likes gold and silver in the spot market. It offer fast executions and other advantages to its clients, including various automated trading solutions.

This company specializes in providing trading solutions for both beginners and experienced traders. The clients can access the markets with very low deposits.

Through their ECN accounts and platforms, FXOpen offers its clients direct market access, and connect them with a liquidity pool formed by large number of liquidity providers including dozens of banks. Thanks to this the trader has a fast execution of transactions through interbank liquidity and access to Level II quotes with the best prices offered by liquidity providers of the broker.

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The Stochastic Oscillator Indicator

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What is the stochastic oscillator? The Stochastic Oscillator is a popular technical indicator used in financial market analysis, particularly in trading. It is a momentum oscillator that compares the current price of an asset to its price range over a certain period of time, typically 14 days. The Stochastic Oscillator was developed by George Lane, a prominent technical analyst, in … Read more

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