Author: Editorial Team

ForexPromos Editorial Team is comprised of a selection of hand picked editors that bring you the latest breaking news from the financial markets. We also provide forex educative articles as well as comprehensive fx broker reviews.
Technical Screener – Forex & Stocks

Technical Screener – Forex & Stocks

Trading Platforms & Software Reviews
For traders who make use of a mechanical trading system, getting alerts at important technical events can determine the difference between staying glued to their computer screens to having time away from the screens yet being in control. MarketInOut is one such tremendously useful technical screening tool that enables traders to not just set alerts but also determine the effectiveness of their trading strategy. Take the example of a simple moving average crossover system. Traders can either check their charts every few hours or can set an alert using a technical screener such as MarketInOut that alerts them when such an event happens. Besides alerting the trader, MarketInOut can also help traders to scan across the many forex and stock pairs. MarketInOut - Technical Screener Introducti...
ECB’s Negative Deposit Rates – Busting the misinformation

ECB’s Negative Deposit Rates – Busting the misinformation

Financial Markets Explained
After yesterday's ECB decision to venture into negative deposit rate territory; which now the mainstream media terms it as 'Historic' there have been many articles cropping up about how the ECB's negative deposit rate will affect the retail consumers. Part of this hype can be related to misinformed writers who have no clue on how the money system works in today's economy (which hasn't really changed since the past few decades). This article's aim is to provide a fact based analysis of the effects of negative deposit rates and thus concludes that for the average retail customer who banks with the high street banks, there is nothing to worry about, let alone panic. Negative Deposit Rates - For What and for Who? Large commercial banks and financial institutions such as HSBC, Deutsche Bank a...
Introduction to Renko Charts

Introduction to Renko Charts

Trading Articles
Renko Charts is a type of charting concept that was developed by the Japanese. Renko (or Renga) is the Japanese word for Brick and aptly reflects the nature of the Renko charts. Renko charts are constructed by plotting price movements as bricks of a certain size. Unlike its close cousin, the Bar Chart or Candlestick chart which plots Price’s Open/High/Low/Close against Time on the x-axis and Price on the y-axis, Renko charts purely reflect price movement and is time independent. Although most Renko charts do have time plotted on the x-axis, it is irrelevant. Renko charts are considered to be pure price action minus the noise one gets to see on Bar or Candlestick charts. The Renko’s or bricks are printed next to each other. So when price moves up by a certain number of pips, a bullish Re
AxiTrader Review

AxiTrader Review

Forex Broker Reviews
AxiTrader is the trading name of AxiCorp Financial services Pty Ltd, which is based out of Australia and is regulated by the ASIC. Operating in a Non-Dealing-Desk environment, AxiTrader offers a transparent trading environment while adhering to the strict ASIC regulatory framework. Therefore, AxiTrader charges a commission of $3.5 or $7 round trip for a standard lot. Although the broker is based in Australia, customer support functions 24/5 and thus, opening account to verifying documents to processing withdrawals are quick and easy. AxiTrader's charts are based on GMT+3 timeframe. AxiTrader offers a wide choice of forex trading instruments that also includes a good choice of exotics, CFD's on Indices and Gold and Silver CFD's. AxiTrader does not accept clients from a the US, Jap...
Weekly Heiken Ashi High Low Trading Strategy

Weekly Heiken Ashi High Low Trading Strategy

Trading Strategies
The weekly Heiken Ashi high low (pivot) trading strategy is a simple trading method that makes use of only the weekly time frame. Besides the Heiken Ashi candles, the other indicators used are the high/low pivot points. The trading strategy is easy to use but takes a lot of time both for waiting for a signal and for the trades to reach their objectives. The basic principle of this trading strategy is based on the concept of highs and lows that are formed and the subsequent price action thereafter. In a nutshell, when price closes above a new pivot high, we buy or go long and if price closes below the recent new pivot low, we sell or short. This trading method is almost similar to a trend following method. The Heiken Ashi Candles are found on almost any charting platform and the pivot hi...