Trading Online Forex has become very popular nowadays. There are hundreds of Forex brokers and providers worldwide and millions of Forex Traders. OnlineForex.biz includes many educational resources and reviews regarding the Foreign Exchange market. Inside OnlineForex.biz you may find a wide variety of articles regarding Forex trading, strategies, and tips. There are articles and tools for beginners and advanced currency traders.
Successful Trading is Very Demanding
Successful Forex trading is very demanding and requires basically:
(1) A good understanding of the core mechanisms behind the currency fluctuations and the dynamics of demand/supply
(2) A reliable Forex Broker suitable for each trader's unique style (intraday, scalper, swing, or long-term trader)
(3) In the case of intraday trading and scalping, a trading rebate plan for reducing trading cost
(4) The implementation of a specific Forex trading strategy, in accordance with each trader's risk profile
(5) An efficient Money Management (MM) system, and the implementation of Money Management with discipline and clear decisions
(6) Trading setups, for optimizing entry/exit
The importance of preparation before start trading is always highlighted on our website. Education and preparation is the only path to trade profitably in any financial market.
Introduction to trade Strategy: » Forex Trading Strategy and Risk
In addition, you can find several educational resources for Forex beginners:
Online Forex Reviews & Forex Brokers Ratings
Inside OnlineForex.Biz there are many reviews regarding popular Forex Brokers and trading systems. There are reviews for all types of Forex Brokers: ECN, STP, and Market Makers.
What characterizes these reviews is that you may read them like reading a Business Card. All trading aspects are divided into 3 main categories:
1. Company Info
2.Trading Info, and
By visiting our Brokers directory you may navigate through all our Forex Broker reviews and ratings: » Forex Broker Directory
If you are willing to compare Forex Brokers upon certain characteristics, or trading aspects, there are also separated pages in this website including several Forex Brokers Comparisons.
Forex Brokers Ratings
OnlineForex.Biz created a unique in the trading industry Rating Formula in order to rate and compare Online Forex Brokers. This formula contains four major trading aspects:
1) Safety of your Funds,
2) Your overall Trading Cost,
3) Trading Options Provided, and
4) Use of Efficient Technology
Currently, OnlineForex.Biz uses the 2nd version of the Rating Formula. Here is more info and a short history of our Rating Formula:
» Rating Formula v.1.0, at OnlineForex.Biz for Forex Brokers
» Rating Formula V.5.0, at TradingCenter.org for Forex Brokers
Forex auto-trade refers to a method where a trading system (hardware/software) automatically executes and modifies trading orders in the Forex Market on behalf of a certain trading account. These orders follow certain criteria (rules) which are predefined by the user of the system. These criteria are based mainly on price and volume metrics.
You can find also comparisons of Automated Forex providers:
Compare Forex Robots » Compare Forex EAs
Getting Started at Online Forex