Below are some of the factors to be considered while choosing best platform for forex trading first and foremost is to have ability to test your strategies in a demo account (lifetime validity) as close to as real account free account opening balance (fxmicro offers a micro account with free $50 dollar balance) less swap and trade charges webtrader (for roaming users) and metatrader (for resident traders) interfaces rich options for interface customizations like color scheme, free hand lines, showing trading history, a full range of forex indicators ability to login to the account even on weekends quick live chat […]

Below are few simple and very important tips to be followed in forex trading.. Watch and move with the price Know and follow the trend as “Trend is your Friend” Change along with the Trend direction and keep in sync with a higher trend direction (i.e. be in sync #2 hours trend in case you are following 30 mins or lesser trend) Don’t plot and/or follow multiple strategies The best and simple is to follow the trend line in conjunction with moving averages Never miss out setting stop loss Don’t be too short on stop loss, good value would be […]