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10 ways to avoid being scammed in Forex

Forex_scamMany successful forex traders tell their stories of how they started and often those involve at least one example of how they lost hundreds or even thousands of dollars to ruthless scammers. We give you 10 ways to avoid scammers and less than ethical operations.

1. If it looks too good to be true maybe it is better to stay away.

Sites that promise automatic and big profits in no-time should raise your first suspicion. There’s no easy money in this market. Sites that try to sell such products will usually have only one page that showing blinking dollars and no serious explanations. The graphics are usually “loud” and not humble.

2. Talk to people. 

Talk to people at the company you are about to invest with, also ask the company for some client numbers/emails so you can get in touch. Any respectable company will have many happy clients who would be happy to share their experience. If the company is dodging your request… run.


The most predictable forex pairs to trade

predictable_forex_tradingA predictable currency pair will always continue after breaking a definite technical barrier, or hesitate and rebound off. A mcuh less predictable currency pair, will trade choppily and frustrate the trader.

Some currency pairs are very predictable, while others change over time.


Here is a ranked list of the 5 the most easily predictable pairs the past quarter of 2013 - Q3:

1. EUR/GBP:

In a breakout, the cross tends to run up to a hgher target and immediately mark the newest trading range. Apart from range trading, it recently traded inside a nice downtrend channel. The current trend within the euro-zone are likely to stay intact and support the actual channel, making that cross exremely attractive in Q4. It’s also worth noting that round numbers on the opposite cross, GBP/EUR, affect the price as well.


Best time of the day to trade forex?

Forex markets trade round the clock which gives traders many opportunities to trade and make profits regardless of where they live and what their actual time zone is. Some traders might find it best to trade in the UK session; others might find it best to trade the US session. Read more below to find out how to select your trading session. We will also give a suggestion on how to maximize your trading rebates, as here at FxRebateGurus we are all about rebates.

It is extremely important to keep in mind that markets behave differently depending on the time of the day.

 


Market analysis for Thursday Nov 21st 2013

market_analysisUS indices ended into negative territory on Wednesday pressured by shares in the Utilities, Real Estate and Food, Beverage & Tobacco sectors. According to the FOMC minutes, "members generally expected that the data would prove consistent with the Committee's outlook for ongoing improvement in labour market conditions and would thus warrant trimming the pace of purchases in coming months." The S&P 500 (1781.4) remains above its 20d moving average (1770.9 - positive slope) and its 50d moving average (1730.2 - positive slope).


Markets at record highs on continuation of QE

free_moneyAfter Yellen told the US Senate Banking Committee on Thursday how the American economy continues to operate well below forecasts, investors pushed taper expectations out in to next year and all world majour stock indices are generally trading at historic heights. Both the S&P 500 and the Dow Jones Average are generally sitting upon six consecutive weeks of gains, and also risk-sensitive currencies are up sharply such as the Japanese Yen and the Mexican Peso.


Risk management(i.e. how not to lose all your money in one trade)

Risk_Pen_and_paperRisk management stands out as the single most important concept to master when trading the forex marketplaces. Without good money management a very gifted trader will lose equally as much as a undesirable trader.Thus, while a good risk management system may well not fully relief a losing strategy, a winning tactic cannot have great results without good execution by the trader making the ultimate decisions


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