How u can choose a brokerage firm in Forex ?

The investors who trade in shares in the foreign exchange market must have a broker.

Broker: An individual or a company, who can buy and sell stocks according to the wishes of investors.
The brokers earn money by collecting commissions or fees in return for their services.
You should check that the brokerage firm was registered to Futures Commission (FCM) with the Commodity Futures Trading Commission (CFTC), and protection against fraud or abusive trade practices. It must also contract with a bank to provide funds for margin trading And you should be in the forex brokerage firm that guarantees you the right to perform actions on your part.Before you choose a brokerage firm to hold conversations with friends, work colleagues about the brokerage firms may get some good instructions, you may see that some people prefer to stay away from this topic and there is nothing like the word directly from the announcement.

 Function:

And foreign currencies are traded through brokers who offer margin accounts for traders

It is one of the most important features in the foreign exchange is that you can open an account at a brokerage firm from the Internet in a few minutes with the deposit of funds by private banks are called banks, electronic and the brokerage firm is responsible for providing some of the preliminary accounts that can be opened with a deposit of one dollar or create an accountpilot to be able to novice traders on the trading of training without losing any real money. Some traders also uses special software from the Internet or commercial use of trading platforms on the Internet provided by intermediaries. Because the market is open throughout the day, as many traders can practice trading during the day and do their business in the evening or vice versa.

Features:

If you are on a journey to another country, you will need to change some of the money that you have to get on the local currency of the State. And vice versa, when we move to a level greater than that, we find that companies, governments and financial institutions are converting large amounts of money from one currency to another . Here occurs foreign exchange trading or what we call, and the relative values ​​of currencies fluctuate constantly. Therefore, traders continue to try to make a profit in the foreign exchange market by taking advantage of changes in exchange rates of these currencies.

Definition:

The intrinsic value is the fundamentals that point to a single currency is in fact its value against other currencies in the market.

If this is the real value under the current market price, then over-estimate the value of the currency, and then be sold if the market price is less than the true value, then the devaluation of the currency, then buy them, and this means that the catching market may affect the current value currency in the pair of currencies, according to the current exchange rate in the market.

Feelings of speculators and hidden factors other work in the opposite direction of the economic indicators and is more pronounced in the position for the agreed value in the open market that seem at odds with the fundamentals of the market, but the difference and the pressure to correct the difference between the price planning and price that may point to the economic situation.

In this article we will study another type of basic trading methods used by traders.

Let's start examining the value of art, where it is right to consider the currency against another currency, through the charts, and this image gives an idea of ​​the sensitivity of currency changes in basic conditions.

For this reason, the analysis deals with the basic economic conditions, how to change the value of the currency with the events happening around the world.

The analysis of technical analysts of the graph gives guidance on how to trade the trader in the market and knowledge of market fundamentals that affect the currency against another currency.

The second method:

Technical analysis, which relies on the study of the market trend through the study of plans for an earlier period of the value of the exchange rate in this period and includes a critical study of how the trading of one currency historically against another currency, usually done by analyzing the movement of trade between the value of one currency relative to another currency As shown in the graph for the pair.

This can be a powerful thing in itself that can be detected by the master plan for the market, levels of psychological support and value that can show where the currency may find it difficult to break the point made in the past, when exposed to similar pressure core.

 For example, if the value of the currency when attempts planning to break the price level several times, but still down and trying again, it can be predicted to have the resistance to go beyond that level and increasing the number of attempts it indicates the strength of the resistance level.

Note: