October 22nd, 2009

FxPro – This is a new broker just recently established in 2008.
 
Please feel free to comment below about your personal experiences with any of the brokers we have reviewed.
 
 
The Breakdown
 
Company Headquarters: Cyrprus
 
Metatrader Trading Platform: YES
 
ECN Broker: NO
 
Minimum Lot Size: $10,000
 
Leverage Offered: 1:500
 
Spreads on the Majors: 2-3
 
Regulated By: Cyprus Securities Exchange
 
(Glossary of the following [...]

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October 22nd, 2009

InvestTechFX – Offers an amazingly low spread of 1 pip on all majors. They are worth checking out.
 
Please feel free to comment below with your experiences with any of the broker we have reviewed on out site.
 
 
The Breakdown – Glossary of the following terms are at the bottom of the review.
 
 
Company Headquarters: Canada
 
Metatrader Trading [...]

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October 22nd, 2009

Activtrades – They are an interbank liquidity provider. One of the top reasons to choose this broker is that they offer segregated accounts. This protects the clients money similar to the FDIC in case the broker going bankrupt.
 
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October 20th, 2009

To be frank we have not really learned anything from the third quarter results. During this time the bailout money has been almost fully dispersed, quantitative easing has allowed stocks to run, and cuts to the labor force have lowered drag on corporate profits. Therefore, it is very hard to judge right now [...]

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October 16th, 2009

FXDD – This is one of the more popular brokers, but I don’t understand why. They have a large tendency to re-quote on prices when customers try to place an order. This can become very frustrating. Further, they are not regulated by any governing agency.
 
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October 16th, 2009

ODL Securities
 
Please feel free to comment below about your personal experiences with any of the brokers we have reviewed.
 
 
The Breakdown
 
Company Headquarters: UK
 
Metatrader Trading Platform: YES
 
ECN Broker: NO
 
Minimum Lot Size: $10,000
 
Leverage Offered: 1:100
 
Spreads on the Majors: 2-4
 
Regulated By: LIFFE
 
(Glossary of the following terms are at the bottom of the review)
 
 
Glossary
 
Company Headquarters – This is the [...]

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October 16th, 2009

Hot Spot FX is a leading player in the ECN market. They were one of the first to pipe in a ECN fed into the metatrader platform. The only drawbacks to their service is that they can only trade standard lot sizes and the opening account minimum is $7,500
 
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October 16th, 2009

MB Trading – New to Forex, but not new to the industry. MB Trading has been a premier stock trading brokerage for years. They have recently added an ECN forex trading service. Their customer support is top notch and they account handing is very professional. They recently added the metatrader platform [...]

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October 16th, 2009

FOREX.COM – Another one of the early players in the retail forex market. They have grown and evolved their business and now offer the metatrader platform. They have a solid customer base and have honest dealings.
 
Please feel free to comment below about your personal experiences with any of the brokers we have reviewed..
 
 
The [...]

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October 16th, 2009

ALPARI – Has been in the forex business longer than many of the other choices out there. They have built a solid reputation and have added a US division. They offer CFD trading and have provided historical 1 minute forex data since 2001 to their customers.
 
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October 16th, 2009

FXCAST – with as many choices as there are now in Forex I can’t see why anyone would open an account with an unregulated company.
 
Please feel free to comment below about your personal experiences with any of the brokers we have reviewed.
 
 
The Breakdown
 
Company Headquarters: Antigua and Barbuda
 
Metatrader Trading Platform: YES
 
ECN Broker: NO
 
Minimum Lot [...]

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October 16th, 2009

LiteForex – with as many choices as there are now in Forex I can’t see why anyone would open an account with an unregulated company.
 
Please feel free to comment below about your personal experiences with any of the brokers we have reviewed.
 
 
The Breakdown
 
Company Headquarters: Cyprus
 
Metatrader Trading Platform: YES
 
ECN Broker: NO
 
Minimum Lot Size: $100 [...]

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October 16th, 2009

FXOPEN – This company has a minimum of $1,000 to open an account and features small lot sizes, ECN trading, and the metatrader platform. This is one of the most versatile forex brokers out there and they accept customers almost anywhere in the world. They even provide free Level 2 quotes to their [...]

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October 16th, 2009

Oanda is a one of a kind broker. They offer many services that are hard to find anywhere else. First, they have some of the tightest spreads of any non ECN commission free brokers. Second, they pay interest on a minute by minute basis. This is the fairest way I have [...]

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October 16th, 2009

Instaforex offers large leverage at 1:500 and you can open an account with as little as $1. However, the Russian governing body only loosely regulates them. They do have enticing Bonus programs and are quick to contribute their matching contributions.
 
Please feel free to comment below about your personal experiences with any of the [...]

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October 16th, 2009

FXCM is another large player in the forex market. One big advantage is that their UK division offers segregated accounts. This is the closest thing to FDIC protection we have with Forex brokers. In the case of a Forex company facing bankruptcy the customer funds could be seized by creditors. If [...]

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October 16th, 2009

InterbankFx is one of the premier Forex Brokers in the United States. As a customer for over three years, I can report that their customer service is top notch, and I have always had honest dealings with them. Their server quote feeds are generally reliable and the spreads stay tight for the most [...]

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October 16th, 2009

The DOW Jones is off over 100 points in intraday trading today. Poor earnings results from General Electrice (GE) and Bank of America (BAC) have led investors to swoon at the markets. This comes despite over 80% of economists reporting that the recession has ended. All the while unemployment and foreclosures are [...]

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October 15th, 2009

A Contrarian trader is one who generally does the opposite of what the mainstream is doing. The Contrarian believes that if everyone is doing something, then everyone can’t possibly be right. This is precisely something that Mark Fisher stresses in his ACD System lectures. He specifically calls them Retail Bus People. [...]

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October 15th, 2009

The Baltic Dry Index is one of the few leading indicators we can use to judge market price action. The futures market can be used as a short term indicator to gauge stock market opening price, but does little to predict prices outside of a few days. The Baltic Dry Index on the [...]

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October 14th, 2009

A very popular trading strategy of late is to trade the news in forex. This refers to sitting in front of your computer waiting for a major news announcement to hit the wires such as the Non Farm Payroll, GDP, or other high impact releases. There are many problems with trading the news [...]

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October 14th, 2009

The Federal Bailout of over 2 Trillion dollars has taken a little time to get rolling, but we are already starting to see its effects on the financial markets. Strikingly, Gold has risen to over $1,000 an ounce and Oil has climbed above $70 a barrel. The commodity gurus like Jim Rodgers and [...]

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October 14th, 2009

Trading psychology is one of the most important factors in a traders success. A person can spend countless hours studying the market, taking courses from big time wall street executives, and buying the most sophisticated trading software and still fail. What a lot of people do not understand is that their mental personality [...]

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October 14th, 2009

Rummaging around the online forums where many beginner traders hang out, it is not uncommon to hear a trader exclaim, “I found the holy grail! If I just buy and sell when the MACD gives me a signal I will be rich!”. But is there any merit to this?
 
Many of the popular [...]

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October 14th, 2009

John Bollinger developed an indicator that simply takes a simple moving average and plots two standard deviations away from it on a chart. This forms the Bollginer Band indicator. The advantage of the Bollinger Band is that it automatically adjusts to volatility because the measure of standard deviation is always assessing what the [...]

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