Due Diligence- it
is important to do your own due diligence to find a broker
that suits your individual needs and meets your requirements, ,such
as whether the broker is regulated, in what domain it operates,
its capitalization, etc.
Commissions/Spreads- Most forex brokers do
not charge explicit commissions on their trades. They are into the bid/ask spread.
Check into the "pip spread" on trades.
Dealing Desk-Non-Dealing Desk- Some
Dealers collect prices from a number of outside sources (ECN) and pass
them through directly to their customers. Others make prices
themselves based on outside sources.
Types of Accounts- Brokers can offer a
variety of of accounts:
Demo (no funds at risk) or Micro (tiny leverage) accounts might
be suitable for those just getting started in forex trading..
(small leverage) accounts might be suitable for those with limited
currency trading experience.
Full (normal leverage) accounts are most suitable for experienced foreign
Check with your broker for capital
requirements for each type of account.
Platforms- Platform is just a fancy name
for the trading program. Some are web-based and some are downloaded
directly to you desktop. Take some demos to see which platform works
best for you.
Additional Features- Different platforms
provide different features. Almost all provide charting of some kind.
Some can include some very sophisticated trading analysis software,
analysis tools etc.
Do you have questions or need help? We
decades of experience in foreign exchange trading and are can help you
make a suitable choice. Feel free to CONTACT US..
Contact us if you need advice in selecting a broker. We will be pleased to assist.
The Global-View Forex Forum is the hub for currency trading on the web. Founded in 1996, it was the original forex forum and is still the place where forex traders around the globe come 24/7 looking for currency trading ideas, breaking forex news, fx trading rumors, fx flows and more. This is where you can find a full suite of forex trading tools, including a complete fx database, forex chart points, live currency rates, and live fx charts. In addition, there is a forex brokers directory where you can compare forex brokers. There is also a forex brokers hotline where you can ask for help choosing a forex broker that meets your individual fx trading needs. Interact on the same venue to discuss forex trading.
The forex forum is where traders come to discuss the forex market. It is one of the few places where forex traders of all levels of experience, from novice to professionals, interact on the same venue to discuss forex trading. There is also the GVI Forex, which is a private subscription service where professional and experienced currency traders meet in a private forex forum. it is like a virtual forex trading room. This is open to forex traders of all levels of experience to view but only experienced currency tradingprofessionals can post.
Currency trading charts are updated daily using the forex trading ranges posted in the Global-View forex database. You will also find technical indicators on the fx trading charts, e.g. moving averages for currencies such as the EURUSD. This is another forex trading tool provided by Global-View.com.
The forex database can be used to access high, low, close daily forex ranges for key currency pairs, such as the EURUSD, USDJPY, USDCHF, GBPUSD, USDCAD, AUD, NZD and major crosses, including EURJPY, EURGBP, EURCHF, GBPJPY, GBPCHF and CHFJPY. Data for these currency trading pairs dating back to January 1, 1999 can be downloaded to an Excel spreadsheet.
Forex chart points are in a currency trading table that includes; latest fx tradinghigh-low-close range, Bollinger Bands, Fibonacci retracement levels, daily forex pivot points support and resistance levels, average daily forex range, MACD for the different currency trading pairs. You can look on the forex forum for updates when one of the fx trading tools is updated.
Global-View also offers a full fx trading chart gallery that includes fx pairs, such as the EURUSD, commodities, stocks and bonds. In a fx trading world where markets are integrated, the chart gallery is a valuable trading tool. Look for updates on the Forex Forum when the chart gallery is updated.
Global-View.com also offers a forex blog, where articles of interest for currency trading are posted throughout the day. The forex blog articles come from outside sources, including forex brokers research as well as from the professionals at Global-View.com. This forex blog includes the Daily Forex View, Market Chatter and technical forex blog updates. In additional to its real time forex forum, there are also Member Forums available for more in depth forex trading discussions.
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