On Wednesday the euro fell to a four-month low against the US dollar, as online Forex traders at HY Markets and at other brokers across the internet saw the single European currency struggling once again amidst further concerns regarding Greece and their economic pressures. However, at the close of the trading week on Friday, the euro rallied from a four-month low to end the week with an ounce or so of strength but with things still looking shaky for price of the European currency.
Failure by Greek leaders to form a government has increased the pressure on the euro and has also lead to further belief that Greece will ultimately leave the single European currency. To pile further pressure on the euro, Spain has seen its fair share of woes thanks to struggling banks that require further bailouts from the Spanish Government.
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.
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.
With all of the doom and gloom around the world such as civil unrest, global recession and natural disasters it seems bizarre to hear that online Forex trading is as popular as ever, with more and more retail investors taking investments into their own hands at sites such as eToro. Over the last few years there has been a huge breakthrough made by leading online Forex brokers in a bid to bring Forex trading to the everyman.
Not so long ago, Forex trading was an investment opportunity that was only available to banks, brokers and the privileged few. But thanks to the accessibility of online Forex trading for you and me, without the need for huge investment and with a massive amount of support, Forex trading is no longer an exclusive opportunity.
If you’ve never staked your own money speculating on the fortunes of currency pairs then there’s a great feature for you at ForexYard, a feature that is the perfect place for novice traders to start their exciting journey into the world’s currency markets. Practice Forex accounts are a ‘must’ for new traders, as they offer you the chance to apply your knowledge, skill and instincts without risking your hard earned cash in the process.
For decades Forex trading was reserved for the privileged few, the ‘good old boy’s of the markets, with no opportunity for retail investors like us to make a few quid speculating on the future of currency pairs. However, the arrival of the internet brought with it online opportunities that have allowed online Forex brokers such as ForexYard to offer trading to you and I from the comfort of our own homes.
If you’re looking for a place to trade Forex online, look no further than eToro. Award winning Forex broker eToro offers a simple and easy place to trade the world’s leading currency pairs and commodities from a PC or mobile phone but these aren’t the only eToro Forex trading benefits. There are many, many other reasons why you should choose eToro as your preferred online Forex broker.
If you’re new to the world of online Forex trading then eToro has everything you could need (and more) to start you off on your Forex journey. eToro offers a fantastic practice mode, which offers you the opportunity to trade Forex in real time at real prices but with virtual funds, eliminating any risk whatsoever. There’s also a comprehensive Forex education centre that offers a wide range of courses and advice areas where you can find out exactly how to become a successful Forex trader.
Long gone are the days when Forex trading was an exclusive opportunity for a select few. These days, Forex trading can be undertaken from the office, from work or even on the move from your mobile phone using the world’s leading online Forex brokers such as ForexYard. Trading accessibility at ForexYard has never been more open, with their industry-leading Meta-Trader4 trading platform for PC and their numerous mobile Forex trading platforms that are available for most popular mobile phones.
Because the world’s Forex markets are open around the clock five days a week there are plenty of trades to be made throughout the day and night. This means that you can trade Forex during your lunch hour from your office computer or your mobile phone. You can also trade while you wait for your train and on your journey home too.
