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Try sunbirdfx or Alpari. I have accounts in these both ECN brokers- small spreads, fast executions and always send my money on time, they are commited to execute your withdrawal in no more than 24hr.

Hi FXexpert, it think that it is a matter of times. There are periods in which the gold is very easy to trade. Sometimes the Silver is just going down and you earn money no matter what you do. So it depends on the period. However, I don't think that a trader should like or dislike an instrument...

Forex got its controversy reputation mainly because the lack of regulations and frauds that were common on the beginning of the forex-brokers world. Authorities are much more developed today, and a scam broker is burned pretty fast. I think that there are some things to do about the forex market...

There are no "best trading hours". You might point out the hours during the day in which markets are more volatile or jumpy, such as the opening hours of the European stock markets and later the US stock markets. That is it basically.. :)

Thanks for the tips! I can always use some new tips!

SunbirdFX facilitates forex trading and CFD products, offering a trading platform for currencies, metals, oils and indices. Sunbird's chief analyst Bastian Rubben will be writing about a variety of subjects in his regular new column for Bullbearings. Brokers with low slippage Many people...

Thanks for the great book suggestions! Does anyone have any good blogs to recommend which they read daily?

I don't believe in Forex Robots, I prefer to control everything and I am trying to teach myself to detect the signals.

A lot is a unit of measurement, such as inch of Kilometer. One lot is 100K, 0.5 lot is 50k or just 0.5. The position size is the actually the lot size. So if I calculated that my lot size is 0.5, you can also say that your position size is 0.5. Let me know if you need more examples.

So true! Ya need to stay up on what "mother nature's wrath" has done lately.

Hey…. The stop-loss issue is keeping many traders busy, no matter if they are beginners or experienced traders. You are lucky because most of the traders are trying to keep the stop loss as far as possible from the entry point, which is obviously wrong and they delete their account quickly. You...

Hi Mark! Money management is probably the most important issue in trading. A trader's basic statistic should be more than 50% of winnings. However, it is impossible to earn money even if the ratio is 1 win to 2 losses, or even worse than that. The secret is to cut losses as fast as you can...

Hi vanity and welcome! You are correct: trading during high impact news is extremely dangerous and honestly- is more gambling than trading. As you wrote, there is a reason why many experienced traders try to avoid trading while important news are being released, as it can be extremely volatile...

Welcome Jasonnurse87! Hope my Forex experience can be helpful to you: When you choose a broker the following are MUSTs: pay attention to the quality of the service and reliability of quotes (no re-quoting), Money-transfers should be easy in both depositing or withdrawing. Great move starting...

Hi Joba! I have checked interbank FX platform and hope I can help you out: I found the same findings as Enivid: it looks like that 0:00 is the closing time; I only noticed closing period. You can see it clearly in the 15/5 min charts. Good Luck and Happy Trade :)

Stop loss is usually very affective. You don't have to actually set it in the system, but you have to know when a trade is a failure and when to pull out.

Good news: there is "good" pip to sell. Bad news: there is no clear cut answer for your question. pips is really dependent on the size of the trade and your limits. It is important to remember when designating your pip not to take a profit that is too short and doesn't even cover the...

Hey Keith1764! Welcome! Unfortunately, there is no way to avoid beginner problems. You are going to experience (if you haven't already...)2 main kind of problems: 1- TECHNICAL PROBLEMS, including broker's issues, disconnections etc. 2- TRADING PROBLEMS which are caused by mental weakness and...

Welcome to forex byc2002! I don't know about a profitable signal provider, but make sure you check the provider's real trade-history before you join in, and don't let it fool you with fictional data. Good Luck!

Hey gnike! Wish there was a clear and simple answer to your question. There is a total of about 20 common symbols: 5-6 of them being the major currencies. It would be inaccurate to generalize and say that one is more profitable than the next, even though each currency behaves differently...