Best Forex Sites

Top 500 Forex Websites

August 29, 2008

Forex on Top was updated today with the latest traffic rankings for what has now grown to 500 forex websites. Their is no doubt that Google is the best place to search for specific forex content but if you’re looking for websites that you can sink your teeth in, this is the place to find them. You can also browse the top 20 movers to find upcoming forex sites that might be worth exploring.

http://www.forexontop.com

Popularity: 71%

Forex Day Training

Day trading is one way of performing foreign exchange trading. Usually day trading deals are opened and closed on the same day – you may make a few deals in a day, or a few hundred. It is your decision.

It is possible for a day trading deal to last longer than one day. When this happens, the deal is automatically renewed at 22:00 GMT each night until the deal closes. Upon renewal you will be charged a fee for rolling the deal for an extra 24 hours. This fee will be collected once a day when the deal is renewed. The fee will be collected form your Free Balance in your trading account, and if there is no sufficient free balance then your credit card will be debited. If there is no credit card, the next time you have a free balance and execute a withdrawal from your account, the amount owed due to non-payments of the rolling fee will be deducted from the amount you have withdrawn.

Averay Forex Trading

Extreme forex market volatility and major headlines has made forex trading more popular than ever, but the lightning-quick influx of new traders has been matched by a similarly dramatic outflow of existing traders. Market conditions remain as challenging as ever, and many novice forex speculators have found it very difficult to preserve capital—much less turn profits. But why do many strategies fail in current markets? This article attempts to explain one of the simplest reasons for which many traders have lost money in forex markets.

FOREX

orex, or Foreign Exchange, is the simultaneous buying of one currency while selling for another. This market of exchange has more buyers and sellers and daily volume than any other in the world. Taking place in the major financial institutions across the globe, the forex market is open 24-hours a day.

In the forex market currencies are always priced in pairs; therefore all trades result in the simultaneous buying of one currency and the selling of another. The objective of currency trading is to buy the currency that increases in value relative to the one you sold. If you have bought a currency and the price appreciates in value, then you must sell the currency back in order to lock in the profit.

Currencies are quoted in pairs. The first listed currency is known as the base currency, while the second is called the counter or quote currency. In the wholesale market, currencies are quoted using five significant numbers, with the last placeholder called a point or a pip.

Forex Worldwide

There are plenty of self-selected experts online promoting their secret method to succeeding in the world of investing. A careful look at this market, however, reveals a tragic truth: These are the same old stories retold by hucksters looking to earn a buck. They jump on a particular stock that did well, they “reverse engineer” the trend line, they have their system ghostwritten, and then they promote “a forex training system like you’ve never seen before”.

Forex Account Type

GTL supports three different account types, Standard Accounts, Premium Accounts and Corporate Accounts. Clients are classified according to equity and net trading volume. Standard FX account holder can trade regular as well as mini contracts for Forex. One mini contact is 1/10th of a regular contract. So trader can tailor pip value of any FX pair as per his / her choice Likewise, to make a regular contract entering with 10 mini lots. Mini FX accounts have a lot size of 10,000 USD, and a default margin requirement of $50. The value of one pip, and therefore the scale of profit/loss potential, is 10 times smaller for Mini FX accounts than for Standard FX accounts.

- Minimum deposit: US$2,000 ($500 for Mini Forex accounts)
- 2-3 pip spreads on all major FX
- Interest-Free Account
- Aggressive spreads on all crosses / pairs
- Leverage up to 400:1
- One month Free SMS service of order execution
- $500 Bonus margin on introducing a new account of $5000


Minimum deposit:$100,000 US
- Leverage up to 200:1
- Interest Free
- Free programming of automated trading strategies
- Free SMS service on 1000 lots in a month.
- Bonus $500 on 1000 traded lots in a month
- Free PDA mobile phone set (for online trading on mobile phone)
- $500 Bonus margin on introducing a new account of $5000


- Minimum deposit:$500,000 US
- Leverage up to 100:1
- Interest Free
- Free programming of automated trading strategies
- Free SMS service on 1000 lots in a month.
- Bonus $500 on 1000 traded lots in a month
- Free PDA mobile phone set (for online trading on mobile phone)
- $500 Bonus margin on introducing a new account of $5000

Forex Defintion

Forex is trading with foreign currency, stocks, and similar type of financial products. In forex trading, the currency of one country is weighed against the currency of another country to find out the value. The value of that foreign currency is taken into consideration when trading stocks on the forex market. Many countries have the control over the value of that country’s currency or money.

Most of the major banks, large businesses, governments and other financial institutions are involved in the forex market.

Stocks, bonds and mutual funds are the most popular asset classes and therefore get most of the market's attention, but there are other important investment opportunities every investor should know about as well, including options, futures, and currency. Although these investments are complex and usually intended for sophisticated investors, it's worth understanding what they are and how they operate in order to decide if they should play any role in your overall investment strategy

Forex News

- British Pound Declines Could Continue as UK CPI is Forecasted to Drop by Most in 7 Years
- Euro Falls Sharply as S&P Downgrades Spain’s Credit Rating, European Commission Forecasts Sharp Drop in Growth in 2009
- Canadian Dollar Outlook Depends Not on Bank of Canada’s Rate Decision, but Press Release Policy Bias

There are few fundamental themes that are so prominent that they can determine price action for the entire currency market; but one of those few happen to be risk appetite. However, with correlations wearing down and technicals filling out, a USDJPY range may represent a source of temporary stability for range traders.

US dollar and Japanese yen have been so strong, why the New Zealand dollar tumbled at the end of the US trading session, and which pieces of event risk may impact the British pound and Canadian dollar

Forex Club

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Forex Club offers two distinct trading platforms, one that features zero spreads (ExpressFX) and the other that features zero commissions (ClassicFX). ExpressFX features commission refunds on non-profitable trades, which means that you will only pay commissions for trades in the black. ClassicFX is a comprehensive trading station that features advanced tools, charts and indicators. Both platforms have guaranteed fills and allow position reversals and support trading with mini lots.

Forex training and education

Whether you need ideas for a new strategy, to brush up on platform tools, or just to learn our platform for the first time, we have the resources you need at FOREX.com. Open a free forex practice account to test your knowledge with no risk or obligation, attend a webinar, or check our schedule for a forex workshop in your area.

Forex Research

Our award-winning research team brings you insights and tips, direct from our seasoned traders. Divided into weekly, daily and intraday research, we cover both fundamental and technical indicators.

Our Intraday commentary includes FOREX Insider and the widely read Market Updates. Follow the market with our traders as they decode the market's movements, point out emerging chart patterns and analyze key data releases' impact on the currency markets, as they happen.

Trade Forex with Confidence

FXCM is one of the largest and well-capitalized forex brokers

* Over 100,000 live accounts trade through FXCM's trading platforms
* FXCM Holdings, LLC has over
US$100,000,000 in firm capital
* Regulated in the United States, Canada, the United Kingdom, and Hong Kong

Why Trade at FXCM

Trading Scenario – Trading Falling Prices

If, on the other hand, you believe that the euro will weaken against the dollar, you'll want to sell EURUSD.

• You sell euro We quote EURUSD at a Bid price of 0.9875 and Ask price of 0.9880 and you decide to sell euro 100,000 at a Bid price of 0.9875.
• The market moves in your favour The euro weakens against the dollar and the EURUSD is now quoted at bid 0.9744 and ask 0.9749.
• Now you buy back your euro You buy EUR at an ask price of 0.9749.
• Your profit/loss is then Sell price-buy price x size of trade
(0.9875 minus 0.9749) multiplied by 100.000 = USD 1260 Profit
Remember that trading EUR 100,000 as we have done in our examples, does not mean that you have to put up euro 100,000 yourself. On a 2% margin means that you have to deposit 2.0% of euro 100,000, which is euro 2,000 on margin as a guarantee for the future performance of your position.

Foreign Exchange

This short introduction explains the basics of trading Forex online, a brief explanation of the markets and the major benefits of trading Forex online. There are also two scenarios describing the implications of trading in a bear as well as a bull market to better acquaint you with some of the risks and opportunities of the largest and most liquid market in the world.