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Forex Online

Written by ForexCult Team
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Forex Online In the following article, I am going to take the time to tell you about the forex online as well as the seasonality of forex online. When you think about forex online and actually trading in the currency market, there are normally two choices that you will more than likely find yourself making, one is the pro dollar and the other is the anti dollar. The United States Dollar is known as a component in over ninety percent of all the transactions of currency and it has also been a primary driver in the fluctuations in the exchange rates as well. There are some traders that will actually analyze the direction that the dollar will take in the future by using one of two methods. They will either use the fundamental analysis or the technical analysis or they could even use a combination of both of these methods. Needless to say, there are some traders that do not realize that when it comes to forex online, there are times when the United States Dollar can actually take a move based on the seasons or a particular time of the year and that will cause the USD to behave differently against other currencies. Forex Online and Technical Analysis In case you don’t know what a technical analysis is, it is the actual study that used the activity of a price that has occurred in the past by the use of indicators. You should know that there are many ways that you can do this and that explains the reason why there are so many different types of technical indicators that are out there today when it comes to forex online. However, there are some cases where the trader may not know that the actual best way to analyze the behavior of the price in the past than to actually look at the actual price activity without having to worry about the noise of the actual indicators. It is when you do this process that you are able to see the actual presence of the seasonality in some of the pairs of currency, which is known to repeat itself every year at the actual same time and period. Even though there is no guarantee that this will happen every year, the information that states that it happens eighty to ninety percent of the time makes you really think about the information that I have just given you and this information can actually be valuable to you when it comes to trading forex online. Forex Online in the Month of July In the month of July you will find that the USD/JPY currency pair tends to end the month higher than the price that it started as. You will also notice that in the month of August, there is also a presence of seasonality in the USD/JPY. When it comes to the month of September you will find that this is the time for the GBP/USD. When it comes to the month of January you will find that this month is a negative time for the EUR/USD. Overall there are many factors that can add up to make all of the currency pairs seem to rise and fall in certain months but you may want to take a look into the information that is presented based on the fact that you can use this information to your advantage. If you take this information and put it into prospective you will be able to know when you should trade certain currency and when you should leave them alone and let them be. Forex Online Overview I have told you about some of the seasonality traits that certain currency pairs have in certain months and I hope that you will take this into consideration when you are trading. I know that if you are a beginner you may not be aware of this information and you may not know how to take it, that is one reason why when it comes to forex online, you should make sure that you take the time to look out for you because you are number one. However, if you find this information to be helpful then you should get online and take a look at the seasonality information that is provided when it comes to forex online. Once you have read the material for your self you should be able to see for your self how the seasonality affects the forex online and you should know that you can use it to your advantage. Please take the time to learn about forex online and make sure that you completely understand forex online. There are going to be times that you get frustrated about forex online but you should always remember that there is money in forex online if you put your mind to it.

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Which is the Best Forex Broker you have traded with?

Interview with Matthew Sheppard

Senior Forex Advisor at XForex

1. What is your name and position?

Hello, my name is Matthew Sheppard and I am a senior forex advisor at XForex.

2. What is your experience and professional background?

In the last 6 years I had filled several positions in financial institutions such as a stock broker, a foreign exchange desk manager, a financial consultant and in my recent role I serve as a senior Forex advisor for XForex which is an online forex company.

3. What type of clients you deal with?

We deal with clients on all levels from the beginning stages to the more advanced trading levels.

4. Does most of your business activity come from the online or offline world?

Because of our high presence on the web, most of our business comes from the online world.

5. Why should a trader pick XForex from all forex brokers?

Aside from all the benefits that XForex offer like commission-free trading, 24/7 online support, high leverage (200:1), XForex offers educational and learning trading experience that you won’t find anywhere else..

Our team of experts and financial trainers provide personal assistance and guide clients to financial success. We provide daily analysis and market reviews to our clients giving them a better understanding of the market and helping them trade profitably.

6. From your experience, what advice would you give a person who wants to enter the forex world?

My advice to the beginning trader entering the Forex world is as follows:
  • Learn the market and understand what you’re getting into.
  • Research and find the broker that suits your needs and wants. Look for a good offering but more importantly customer service, don’t go for the low rates offer without being certain they have a good customer service department. From my extensive experience in the Forex world your key to success will be your client-broker relationship. I can honestly say that at XForex they put an emphasis on servicing clients, which is so important.
  • Invest smartly and calculate your risks.
  • Always know when to get out of a trade.

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