Forex trading is one of the most dynamic and volatile markets, ideal for investors; our guide to forex trading provides a starting point for beginners; tips, strategies and education for traders. Experienced Investors We explore forex trading hours, explain how to compare online trading platforms, how to manage risks.

So start your journey to the world of foreign exchange here and join the market where more than $5 billion is traded every day…

Top Forex Broker in Thailand

Forex Definition

Forex (Foreign Exchange) is the exchange of one currency for another. Global businesses, governments and holiday makers all have to exchange currencies at different times. The forex market allows them to do this, the normal forces of supply and demand dictate those exchange rate movements, and forex trading is the speculation of forex. those

Forex trading revolves around these ‘pairs’ representing two currencies being exchanged. The exchange rate states that the second currency must buy 1 of the first, so if the EUR/USD pair shows ‘1.1811’ it means 1.18 US dollars. 1 euro must be purchased. The exchange rate is usually quoted to 6 decimal places. Online forex trading platforms allow retail investors to anticipate these rate movements.

How to start trading Forex

Small investors can get started trading forex using a number of forex brokers’ online platforms and software, however, one problem is in choosing which broker to choose, one of the key issues is that the best broker for one trader may not be suitable for one. other traders

There are various comparative factors when looking at forex brokers, many will look at the offer and spread, the leverage or margin required for trading existing assets such as gold or bitcoin, or even if the broker It will be in a well regulated jurisdiction such as the UK or Switzerland.

We cover all of these top factors in our reviews. But we also try to include some benchmarking factors that may be overlooked, such as minimum deposit size and trade size, types of spreads. (Fixed or changing) and deposit and withdrawal methods such as Paypal or Skrill. Some of these factors will be important to some traders. This makes it difficult to recommend the “best” brokers that will work for everyone – but we still rate each broker.

Demo Account

In addition to our comparison list, potential new traders can use demo accounts to try out different brokers and see what they like, this is especially important when it comes to functionality or appearance. Different online trading is often different, the best way to judge a particular platform is to use it, it also allows new clients to examine frequently traded and diversified assets.

To summarize, here is a list of comparative factors to consider when judging different forex brokers:

  • Offer / Spread (trading cost)
  • Margin or Leverage Flexibility
  • minimum deposit
  • Software integration – e.g. MT4 (MetaTrader4)
  • Assets (Is the market you want to trade exists, such as oil, GBP/JPY or Bitcoin etc.)
  • Regulations
  • Demo account
  • Bonus
  • Mobile trading app

Apart from this, there may be other important considerations such as whether or not the broker accepts traders from a specific country.Some regions such as Australia and the US have different regulatory bodies and many brokers may not service those regions.Table Our broker generally only shows relevant brands based on your IP.

Benefits of Forex Trading

One of the biggest advantages of options trading in the forex market is that the broker is flexible and allows you to trade different formats, moreover you can earn returns up to 80% or more in minutes by predicting the price movements of currency pairs

Make the most of Forex trading

Typical trading involves choosing a currency pair, for example you choose EUR/USD and decide whether the pair will end up more than an hour above or below the current price, you choose the ‘Call’ option if you predict the price will go up. or the ‘Put’ option if you feel the price will be lower than the current price, if the closing price is higher than the price you bought with the ‘Call’ option, you will be ‘paid’ at the time of expiry if you select the ‘Put’ option, and If the closing price is lower than your purchase price, you will be ‘in the money’ and earn as much as 60 to 80% or more. Even the smallest fraction of a pipette or lower than the take price can bring you profit in less than one. hours. However, in traditional forex trading you will need to earn at least 81 pips trading with $1000 x 100 leverage.

A powerful hedging tool

With short expiration conditions, you can take advantage of any news event that can trigger market volatility rather than stop loss. One of the most interesting applications of forex binary options is that they can be used as powerful hedging tools. It allows traders to transfer their risk from below the buy point to the top. If you take a traditional EUR/USD long position with a stop/loss and buy a binary ‘Put’ option, you are likely to cover any loss or even a profit in case the long position trades unsuccessfully. succeed The risk is transferred from below the stop/loss to the top. If the rally continues in the right direction, you can end up with a successful trade. This makes investing in binary options more fun, exciting and less stressful for beginner investors too. For more information on hedging, read this great article by Mifune.

Fundamentals of Forex Binary Options Trading

One of our professional traders and founder of a money management firm and trading advisor shares his thoughts on the basics of forex binary options trading and the system he personally uses.

The strategy I want to mention is no secret – but not very common – and the reason for its success is its simplicity.

The currency pair I trade (90%) is the Euro pair, this is simply because it is the most volatile and predictable Euro-Dollar pair. It is the most traded pair and since the opening of the Forex market to retail investors, the daily trading volume has increased dramatically. Customer income from market fluctuations

The main problem I see every day when reading through binary options forums is the sheer number of different strategies, it seems that traders think that the more complex the system, the better the profit. Then, when they failed, they blamed the system they were using, in fact, the problem was behind the screen. No system will adapt to ever-changing market conditions. It is up to the trader to adjust the method.

I know some people will argue that this won’t work in this condition or the market. But they forget that the market is binary, the price can only go up or down, such a market does not exist, besides, all trading systems are based on the same principle – the system’s task is to detect the best entry and exit points for trader

For example, an experienced trader will quickly check support and resistance levels. A novice will not. A novice will use strategies using Stochastic, MACD and RSI. But what he doesn’t realize is that these indicators give him a starting point. The same tree used by seasoned traders Disclaimer: This section reflects my personal opinions and strategies that I personally use. Please read everything carefully and do not jump to high risk strategies before fully understanding how they work. Please trade using a demo account before publishing. This strategy is the Holy Grail for me because I’m not too greedy and if I don’t feel the trade I pass and keep waiting.

Fundamentals of Forex

It is important to understand what forex is and what its primary use is: currency exchange governed by the laws of supply and demand.

A simple hypothetical example: Apple sold 1 million iPhones in Europe in September for 500 euros each with the euro as the base currency, they are managed through HSBC which means their invoicing account is under HSBC, but Apple reports in dollars and the governing account is with the BOA.

So Apple made 500 million euros which is now in HSBC account in Luxembourg, that money has to be transferred to their BOA account and changed to USD.

Now it’s interesting, the order was transferred on Tuesday at 16:00 GMT, it was not transferred immediately, the bank accumulated all dollar orders during the night, the order could be from yesterday or the month before, the bank sent the order. Proceed to their partners (like us) and their commission structure and order deadlines.

The Euro-Dollar traded Wednesday, 6 GMT at 1.27000. Apple’s account at BOA will receive 635 million USD at 8:00 AM local time. 1.27000 So what can we do and both banks get the maximum profit from that order?

BOA gets a commission from Apple, but what about HSBC?

At 8:00 GMT open in London, the liquidity is 380 million euros and the price is 1.27010 so 500 million Euro is equivalent to 635 050 000 USD is not good enough and cannot be done because there is not enough money in the market.

Euro outlook remains strong, Asian markets rise overnight and US fiscal cliff is being resolved, millions of retail investors and outlets take buy and stop orders 10 pips under current condition. The pending market liquidity is 300 million euros and the current liquidity is 380 million euros, so the total equivalent liquidity in USD in the market at this time is (1.27010) 482 638 000 USD and 381 030 000 USD at pending (equal to stop)

The data tells us that the stop was at 1.26910, so at 8:15 GMT the order arrived to sell 2,8 times the available liquidity (840 million euros sell order). This pushed the price to 1.26905 which we (bank+ we) Orders are triggered and retail investors place new orders to cover the losses. The price breaks 1.27099 and this is when we start to exit our long positions gradually and as the trend is still strong people buy our orders. We in your chart this shows that the green candle is getting smaller after a good run up.

So the market liquidity increases to 380 + 300 = 680 million euros and we exit at 1.27099 for a profit of 9.9 pips (from 1.27000), not so much you say. But we get 10 leverage from Barclays on our position for 0.1 pip commission, so our 500 million euros has a market capitalization of 5 billion euros or 5 billion / 100 000. = 500 000 lots X 10 USD = pip value 5 million USD X 9.9 pips = 49.5 million USD or 36.1 million euros. This will be shared between HSBC, us and Barclays.

The numbers above are just examples, the fact is that the volume is very large (4 trillion USD per day) and many players. But this example shows you how FX works and this is essential when analyzing SR levels and trends.

The SR levels are set by big players (Smart Money) and they are still a good holding because retail investors use them too, smart money cycle happens in 3 price cycles then we will see. Short-term channel where the price is stuck for little cumulative strength (GBPUSD last week during the US meeting).

Forex System – Fibonacci

These price cycles do not occur randomly, they have a sequence and in fact every candle or price move has an internal cycle and sequence, this sequence is determined by a set of numbers known as the Fibonacci numbers.

Fibonacci numbers were not developed for trading and they naturally occur everywhere around us, which can explain biological systems in terms of Fibonacci-like sequences.

The big players don’t use indicators like RSI, CCI or MACD, their algos are based on Fibonacci numbers.

And combining Fibonacci algos with extremely accurate price channel calculators and data on other people’s trades, you have the formula to rule all other systems and strategies.

Now, why should you care when trading binary options?Because unlike spot FX, you need to be right every time.You basically need the ability to predict whether the candle will be red or green.

During day trading that doesn’t involve Smart Money orders I want to put simple pips so I need to use what determines price cycle action and reversals For binary and spot fx day trading I use 3 of them. indication with very precise functions

Forex Correlation

Forex correlations are important trading tools, if you don’t know what they are they can hurt your trade without your knowledge Correlations show us which forex moves together. , which ones move in the opposite direction, and which ones have very little correlation.This information will help us determine which trades we should take to help control our risk and potentially provide additional trading opportunities to look at. It’s not easily seen on the price chart.

Forex correlations are typically represented in tables with values ranging from -100 to 100. Values of -100 (negative numbers are known as inverse correlations) mean two forex pairs move opposite each other – when one rises again and when one rises again. One falls, another rises. The value of 100 means two forex pairs move – when one pair rises, the other falls, the other falls. It is very rare to find an asset that has a 100 or -100 correlation with the asset. Another, although as Figure 1 shows, there are a number of forex pairs that have a very high positive or negative correlation with each other.

Figure 1 Daily Forex Correlation (July 25, 2013)

Consider anything over -/+70 to have a noteworthy correlation, while anything over -/+80 has a strong correlation Use the chart above, find GBP/USD on the left side and find EUR/USD on the side. On top of that, scroll down to the box where the rows and columns converge, showing that the correlation between GBP/USD and EUR/USD is 89.6, which means most of the time they move each other, this is important to note. For reasons that will be discussed in the next section.

Now find USD/CHF on the left and EUR/USD on the top. Find the box where the rows and columns converge and show that the relationship between these two pairs is -95.4 That means they share a very strong opposite correlation. As EUR/USD rises, USD/CHF falls and vice versa.

Sometimes there is no correlation, if the pair has a correlation (positive or negative) less than 60, the correlation is not very strong and when we approach 0 there is no correlation between the pairs at all, for example NZD/USD and EUR/USD; The correlation between these pairs is -1.7, which means that there is no visible day-to-day correlation between them, in other words, the rise or fall of NZD/USD doesn’t tell us exactly what it is. EUR/USD May Do

Correlation tables are often offered on hourly, daily and weekly timeframes, all of these timeframes provide valuable information depending on the timeframe you trade, for short-term trading hourly and daily correlations will be the thing. most important

It’s also important to note that relationships change all the time, couples who are in a very good relationship right now may not go down that road, so it’s important to check the relationship often to be aware of the potential ramifications. changes in the relationship between the couple

Why is Forex Correlations Important?

There are many reasons to take into account forex correlation. The main reason I review them is risk control. For example, you may think that by taking several trades at the same time, you will be “distributed”. That may not be the case.

If you go long (buy call) on EUR/USD, GBP/USD and sell (buy call) USD/CHF, you get 3 very similar positions. Against you, you don’t reduce your risk by diversification, you triple your risk!

Another reason they are related to forex is that they can provide you with trades that you may not have seen before, for example, you believe that the EUR will appreciate against the USD (i.e. EUR/USD will rise). up) but you look at the charts and don’t see a good trade setup, since you know that GBP/USD generally moves with EUR/USD (depending on the current relationship) you can check GBP/USD to see if Are there better trade setups You may want to see if there are trade setups to go short (buy put) on the USD/CHF as it tends to move in the opposite direction on EUR/USD correlation is high. (positive to negative) allows you to trade options, choosing the ones with the best trade setups.

I want to use forex correlation to confirm a trade. When searching for a highly correlated forex pair, I use one to confirm a trade in another. For example, if EUR/USD is rising and I want to go long (buy Late) I also want to see a rise in GBP/USD as these pairs are highly correlated they should move together, if they don’t it reminds me that maybe I should look more closely at my trade. It doesn’t mean I won’t trade – as relationships change and two pairs never move harmoniously – it means I have a very good reason for trading.

Correlation can be a complex statistical topic. But hopefully this guide will help you become familiar with the idea of doing your own homework as well.Review correlation studies often to become aware of how forex pairs can influence your trading. Correlates to Control Risks, Find Opportunities, and Filter Trades If you’re having trouble seeing how the correlation works, look at the numbers in the correlation table and pull up the price chart of the two forex pairs in question, observing how the pairs move relative to each other. This helps to build a general understanding of correlations.

Forex signals

Forex represents a fertile hunt for signals and alert services.With no central market and multiple driving factors, volatility is high.Forex pairs are traded 24 hours a day for 5 and a half days of the week.The trading volume of the Currency trading is huge, all these factors mean large opportunities and regular trading advisory signal services.

As a more established trading vehicle, forex signal providers have gained more recognition than binary platforms, many of the best services have been running well for over 10 years. It has the potential to review a number of past performance to see how good the service is.

Providers are also becoming more confident in their system given their long-term performance, for traders this means a free trial or discounted membership for new clients signal services know traders will be impressed by the results. Only therefore they encourage investors to be risk free.

Best Forex Signal Provider?

We have seen many forex signal services and related advertisements, for us results are important, for this reason we recommend Signal. Hive delivers the best forex signals and here’s why:

Take a look at these monthly performance numbers – since 2004:

 

This service, known as Master T-2000 v2, has been generating annual profits for almost 14 years. Signal Hive is a marketplace for different systems. But this one is considered the most consistent. 14 years of performance cannot be ignored.

Absolutely, you don’t need to take our word for it, the free trial system is being run by the company, so you can get these signals for free without any risk.

The software can be automated with some of the leading brokers, with the integration of MetaTrader 4 and real-time indicators, the software is a good thing to see, after the free trial, the full professional service costs $50. per month. If you’re not satisfied after the trial period, just walk away.

Insights into signal details

Beyond the headline numbers, the system is exceptionally consistent, the data can be analyzed per hour or per day of the week, and in the long term, every single moment is profitable, so the software and algorithms pick up stable trades.

Signal Hive provides a range of signals, as the name suggests. In addition to the Master T-2000 v2, there is a system call MELISA (Multistage Investment and Savings Algorithm). A period of more traditional market turmoil, once again it has shown year-on-year gains for the past 14 years.

All of these systems and more are available at Signal Hive, and with a free trial-free offer, there’s absolutely nothing wrong with trying them out.