If you’re new to the world of online Forex trading at websites such as AVAFX, or if you don’t have a huge amount of experience of the world’s currency markets, you may never have heard of technical and fundamental analysis before. Well, to put it simply, technical and fundamental analyses of Forex trading provide the information that you need to identify trends and make profitable trades.
Fundamental analysis is vital to Forex traders, as it is based upon actual events that happen, real news stories that will have an effect on certain currency pairs. And the best thing about these fundamentals is that the news is often readily available to Forex traders both old and new. The fundamental factors and events that are analysed are often events such as interest rate changes, housing and employment data and other key reports and releases, all of which you will hear on the various news agencies.
There are a huge number of online Forex brokers to be found on the internet, some more reputable than others. However, there is one name that everybody in the world of Forex trading has heard of, a site that many of us have used – eToro. So, why do so many Forex traders choose eToro as their preferred online Forex broker?
Firstly, eToro has one of the most welcoming Forex communities to be found anywhere. From the word go you will be offered help and support from both staff and fellow Forex traders. The OpenBook is the epitome of this community hub, where you can follow and chat to traders, watch your favourite traders’ positions being opened and closed, and even copy other traders’ transactions in a bid to share their success.
Leading online Forex brokers, HY Markets have introduced new Indian and Russian currency pairs to trade, while at the same time offering a 20% Forex bonus for a limited period. You can now trade rupees and roubles at HY Markets, currency pairs that the majority of other online Forex brokers do not offer. And, to add weight to this great offer, new traders at HY Markets can also benefit from a 20% deposit bonus of up to $1,000 as well.
HY Markets already offers a huge array of the most popularly traded currencies that include; euros, US dollars, British pounds, Swiss francs, Australian dollars and Japanese yen, to name but a few. And now they are being joined by the Russian Rouble and the Indian Rupee, two currencies that are growing in popularity for Forex brokers around the world. This is no surprise as both Russia and India have expanding economies.
The coming week is going to be filled with a number of events, releases and publications that will shape the fortunes of the world’s Forex markets, but it’s the news from the UK and the US that we’re focussing on. The week ahead for traders of dollars and pounds will be filled with key events that will shape the fortunes of the USD and GBP at eToro and across the world’s Forex markets.
On Monday, the most notable event will be the release of the UK’s industry data on house price inflation, which is a leading indicator of demand in the housing market and a good indicator of the strength of the British economy as a whole. Also on Monday, the US will release a host of reports that include data on retail sales, manufacturing activity in New York and government data on net long-term securities transactions, all of which will shape the fortunes of the US dollar at Forex markets across the globe.
In the world of spread betting, as with most other forms of market speculation, charts are an invaluable tool in the quest for profit. This is why one of the internet’s premier spread betting firms offers a selection of various types of charts to give you the best possible insight into a market and its trends. The charts at BetOnMarkets come in four varieties; interactive charts, light charts, popup charts and legacy charts, each offering their own usefulness.
No matter what types of bets you place and which markets you like to speculate on, the charts at BetOnMarkets will help you on your way.
During today’s trading sessions, Forex traders saw the US dollar slide, with the greenback losing ground against the euro, Swiss franc and Australian dollar amidst fears of further quantitative easing measures following remarks by the chairman of the US Federal Reserve, with traders. Forex traders at eToro and other online brokers saw the EUR/USD currency pair climb by over 0.3% following the news.
However, many of you may be asking why would the suggestion of quantitative easing in the US cause the dollar to slide? Quantitative easing is a measure used by central banks to stimulate growth in a country’s economy. This is done by the purchase financial assets, which injects a predetermined quantity of money into the economy, often used to keep interest rates at a specific level. However, this practice comes with risks.
If you’re a rookie Forex trader still finding your way in the big wide world of currency markets or, if you simply don’t have the hours that are required to thoroughly study currency pairs enough to buy or sell at the right time, then Mirror Trader from AVAFX may be just what you’ve been looking for.
Using real-time signals and the knowledge and experience of leading Forex traders, you can mirror other people’s trading strategies automatically. Mirroring a Forex strategy allows you to share in the good (and bad) fortunes of strategists at AVAFX, copying their techniques in a bid to make a profit. You will find Forex strategies to suit all kinds of traders. Whether you’re a cautious Forex trader who is looking for a relatively sure thing or you’re a maverick who’s looking to make some big gains, you will find a strategy to copy using the Mirror Trader from AVAFX.
The fast-paced world of Forex trading demands for quick thinking and rapid decision making. However, until recently, Forex traders had to be sitting at their desks at just the right moment to profit from moves in the markets. But one of the internet’s leading online Forex brokers has come up with a solution. Now you can trade Forex from your mobile phone at HY Markets, allowing you to be in the right place at the right time, no matter where you actually are.
Seconds can make the difference between winning a losing when trading Forex, which is why the HY Trader Metatrader MT4 trading platform is a ‘must have’ facility for serious Forex traders. The platform is available for a number of mobile devices that include; Apple’s iPhone and iPad, BlackBerry and Android-powered mobile devices.
If you’re new to the world of spread betting then one of the internet’s leading online providers has just the thing for you. There’s a spread betting strategy guide at BetOnMarkets that offers a great insight to many of the basic strategies and techniques of successful betting. You will find hints and tips about the types of bets you should place and when you should make them, along with other useful advice for making winning bets.
As all gambling profits are tax free in the UK, spread betting can be a useful way to make money if performed correctly, without the taxman getting his greedy mits on your winnings. For novice speculators who are still finding their feet, the spread betting strategy guide at BetOnMarket offers many useful tips to get you off on the right foot.
If you’re new to the world of Forex trading or if you’re considering this exciting venture as a new investment method, you can find out all that you need to know to get you started at eToro. Thousands of people learn to trade Forex online with eToro every year, thanks to their wide array of tools and guides to get you on your way.
For starters, eToro offers a practice account that allows you to trade real-time and real-price Forex currency pairs online but without the risk of losing any of your hard earned cash. However, even using a practice account, you can still earn money trading online Forex with eToro thanks to the trading challenges.
