Forex is not really new in the financial market. In fact, it is not only known by huge players in the world, but also by small organizations and individuals lately. Now, forex is no longer ruled by the huge players; people from all walks of life can really do forex trading.

Before plunging in trading, you must know certain terms that are used in the market. One vital term is the forex trading system. What it is all about, and what is its use.

The birth of the internet has altered the face of forex trading. Because of this very valuable tool, the FX market is simpler to access, building it more convenient to small players. And all most importantly, all of this happens in real time, which is why online traders can really make instant decisions regarding their trade.

Read the rest of this entry

One of the best known and least understood theories of technical analysis in forex trading is the Elliot Wave Theory. Urban in the 1920s by Ralph Nelson Elliot as a method of predicting trends in the stock market, the Elliot Wave theory applies fractal mathematics to movements in the market to make predictions based on crowd behavior. In its essence, the Elliot Wave theory states that the market – in this case, the forex market – moves in a series of 5 swings upward and 3 swings back down, repeated perpetually. But if it were that simple, everyone would be building a killing by catching the wave and riding it until just before it crashes on the shore. Obviously, there’s a lot more to it.

Read the rest of this entry

In Forex Trading, there are two main approaches – Essential Analysis and Technical Analysis. Essential analysts will concentrate on the underlying causes of price movements, whereas as technical chartist studies the actual price movement.

Essential analyst focus on various macroeconomic indicators – Interest Rate, Trade Balances, Growth Rates, and Unemployment rates, Yucky Domestic Product (GDP), Inflation and etc. For beginners, do take note that there is no single set of rule to trade Forex using essential analysis. There are many theories on how a currency should be valued.

Read the rest of this entry

Dukascopy Bank is a regulated Swiss Bank and it provides Forex trading accounts to private individuals and institutional clients.
The minimal order size is 1000 units of the primary currency.

Company: Dukascopy Bank SA
Official Site: http://www.dukascopy.com
Country: Switzerland
Online since: 2004
Minimum Deposit: $1,000
Minimum Lot Size: 1000 units of the primary currency(1 micro lot)
Leverage: 1:100
Trading Platform: JForex Platform, Java Platform, Web Platform, iPhone Platform, MT4 Platform(beta test)
Low Spreads: EUR/USD: usually 0.5-1 pip, GBP/USD: usually 1-2 pips
Funding Options: Bank wire, Bank Guarantees, Swiss Custodian Banking Services (Segregated Swiss Bank Account)
Regulation: ARIF(a self regulatory financial organization), FINMA(Federal Finance Administration)