Forex Brokers, provide currency traders access to a trading platform that allows them to buy and sell foreign currencies. They handle a very small portion of the volume of the overall foreign exchange market.
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Forex broker experts saw the euro rise to its highest point in almost four months versus the dollar amid important financial developments on both sides of the Atlantic.
Tomorrow, the Federal Reserve starts a two-day meeting where the bond-buying strategy to boost the economy in a third round of Quantitative Easing will hold central attention among market investors.
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Forex broker practices are being closely monitored by the Australian Securities and Investments Commissions (ASIC), which released the results of its investigation into client money handling and reconciliation practices by issuers of OTC, CFD’s and margin FX.
The ASIC embarked on an industry wide investigation in December 2011 that is throwing its latest results. The ASIC is the first major regulator in the world to undertake a relevant review of its registrants after the 2008 financial crisis.
So far, the ASIC has detected some issues with several registrants, especially regarding money handling by the designated forex broker. Eight firms failed to allocate client money into the designated trust account, while six firms failed to pay money into the appropriate account within the allowed time. Seguir leyendo “Forex broker – Forex broker practices to be monitored”
Forex broker blogs and forums have become an extremely helpful way for forex beginners to interact with more experienced brokers and interchange information, experiences and even ask relevant questions that can help them improve their trading.
And one very frequent inquiry that comes up a lot among newbies has to do with effective strategies for a successful long-term trading in the foreign exchange market.
First of all, forex broker strategies usually vary from trader to trader, with most traders customizing them to their own particular trading style and personality. That is why is very important to start trading regularly, so you can find your style and the strategies that best adapt to it. Seguir leyendo “Forex broker – Long-term trading”
Forex broker charts and metrics are not required to figure it out: Time is running out for the biggest forex opportunity of the summer!
The chance to go trend to trend against the most skilled currency brokers out there to win a $10,000 prize by improving a $100,000 fantasy equity is still as hot as summer, but as summer itself, all good things must pass.
And yet, the UniTrader’s “Summer Fantasy Markets Contest” is so awesome that any forex broker can enter at any time during the competition. So even if we are 2 weeks away of declaring a winner, the winner could still be you!
Forex broker opportunities where the most skilled traders in the currency exchange market compete against each other for big prizes, peer recognition and forex excellence don’t come very often.
Still, with a month left to go, the UniTrader’s “Summer Fantasy Markets Contest” is going strong and better than ever. Over 1500 contestants from all over the world are facing each other in the market arena looking to improve a $100,000 Fantasy Equity and a place in forex history.
Forex broker activity is currently dominated by the latest and very expected U.S commerce department indicators on the nation’s gross domestic product behavior (GDP).
Considered to be the broadest measure of the economy, American GDP grew a sluggish 1,5 percent between April and June, compared to the 2 percent growth during the prior three months, and the 4,1 percent in the fourth quarter of 2011.
The slowdown came as consumers spent at their slowest pace in a year, local governments cut spending, factories received fewer orders and exports were hit by a global slowdown and a stronger dollar. Seguir leyendo “Forex broker – U.S GDP news send euro up on Friday session”