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.

Which forex spreads is right for you

Trading Articles
When looking for a prospective broker a prospective trader/investor should research how the forex broker price their spreads. Most often it's not easy to miss as it's advertised quite visibly. There are basically two kinds of spreads. Fixed Spreads Variable Spreads In order to understand these two, we need to first know what spreads mean in forex trading terminology. Why should I be bothered by spreads. Over a period of time, the spreads that a trader pays to the forex broker while executing the trades ends up costing a significant amount, and should be a key consideration when choosing a Forex broker. Every forex trader pays a spread. A spread is the difference between the ask and bid price. It is the spread that earns market markers, or in other words the forex broker you trad...

Forex Scalping Explained

Trading Articles
Forex scalping is one of the most used and highly demanding forex trading strategies nowadays. In the Forex scalping methods, trading is done over shorter time frames and profits are taken after relatively small moves in the market. Forex scalping is a Forex strategy in which the trader intends to take profits quickly on very small pip movements. Usually the trade is entered and closed quickly, within minutes. Forex scalpers make profits on quick 5 to 15 pip movements. After a while, profits claimed on these small movements will add up. Forex scalping method of trading is different from other traditional forex trading methods where the profits are allowed to run and losses are cut shorter. When somebody is scalping the market he/she is not looking for the big move of the markets; ...
AvaFX Forex Broker Review

AvaFX Forex Broker Review

Forex Broker Reviews
AVAFX was established in 2006, gaining good reputation quickly, and today is one of the most trusted online forex brokers. AVAFX is perhaps one of the most friendliest forex broker with a trading platform that is perfect for both beginner and professional forex traders. Registration process is easy and hassle free, for the Demo account as well as for the Real Money account. AVAFX allows traders 21 days to try out their $100,000 practice account on their advanced trading tools with dozens of currency pairs and Metals. Real Accounts can be funded via paypal, webmoney, or Western Union, while Credit Card funding is instant and customers can immediately access their account with full Forex trading advantages. Incubated by a highly regarded financial institution that manages assets of over...

Forex Technical Analysis Explained

Trading Articles
Technical Analysis is one of the two basic approaches to understanding and trading the financial markets; the other approach or discipline being fundamenal analysis. Although both of the two approaches are used to achieve the same goal, which is to understanding price action, the debate as to which is a better approach forms an endless point of conversation. Technical analysis can be defined as follows: Technical analysis is the study of price action based on the principle that all the information that is available in the markets is already discounted and shown by price. Therefore technical analysis is nothing but the studying past price action to predict future price. Technical analysts, are also known as chartists and employ various tools, most of which are mathematical or linear in...

Forex Fundamental Analysis Explained

Trading Articles
Forex fundamental analysis is about identifying and measuring the factors that affect the fundamental worth of financial instruments. These can be economic or political climate of a country as well as the fundamental issues that will influence the supply and demand of a product or services. For example, a decrease in the supply of a product without any change in the demand of a product will result in an increase in the market price. In contrast, any increase on the supply side will have the opposite result that is a decrease in the market price. In the context of Forex trading, a fundamentalist will study the supply and demand of a country’s currency, its merchandise trade (products & services), its government policies, the way the country is managed. He will also analyze the past a