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.
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...

Technical Analysis in Forex Explained

Trading Articles
Technical analysis is one of the two main fields of study of the financial markets. The approach in technical analysis is very different from fundamental analysis. Technical analysis is the study of price charts and price action. It can be used in tandem with fundamental analysis to gain a complete picture of the markets. The definition of technical analysis is as follows: Technical analysis is the study of price action. It works on the principle that price reflects the available information. Therefore technical analysis is the study of past price action to predict future price. Technical analysts or chartists employ various tools in their study. Most of these tools are either mathematical or linear in nature. For example, the most popular technical indicator, the moving average is noth...

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
Difference between Binary Options & Forex Trading

Difference between Binary Options & Forex Trading

Trading Articles
Forex and binary options are primarily the same products from the broader financial markets spectrum, however, their similarity ends there. For traders who contemplate whether to trade forex or binary options, this article aims to present a clear picture of the difference between forex and binary options. Binary options, or ‘Options’ as they are often referred to, fall under the category of the derivatives markets. The derivatives market is made up of financial products whose value is derived from the actual market. Other examples besides options include ETF’s, Eminis which although similar are not exactly the actual products that you trade, but are products designed to reflect the actual security. Similarly, when comparing forex to binary options, the binary options (for forex) are
HotForex – Forex Broker Review

HotForex – Forex Broker Review

Forex Broker Reviews
HotForex is a worldwide provider of retail Forex trading services, offering individual forex traders, fund managers and institutional customers proprietary technology and tools to trade Forex online. Headquartered in Mauritius and supported by worldwide Customer Management Centre, HotForex offers Retail, IB and White Label Clients the opportunity to access interbank bank spreads via state of the art automated forex trading platforms. HotForex is a registered brand name of HF Markets Europe Ltd a Cypriot Investment Firm (CIF) under number HE 277582. Regulated by the Cyprus Securities and Exchange Commission (CySEC) under license number 183/12. Hotforex Trading Platform HotForex uses the MT4 also known as the Metatrader 4 trading platform. MetaTrader is the most popular front-end appl...