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FX Trading Forex

Written by ForexCult Team
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FX Trading Forex When it comes to FX trading forex, there are two different types of FX trading forex. The first type of FX trading forex is known as fundamental analysis and the second type of FX trading forex is known as technical analysis. When you think about the two different types of FX trading forex, there has been known to always be a debate about which type is better, however before you try and decide which one is better, you need to learn some information about both types and then you will be able to compare them for yourself and determine which one is better, so let’s begin. FX Trading Forex and Fundamental Analysis When you take the time to view the market by using a fundamental analysis, you are actually looking at the economic as well as the social and the political forces that are known to affect the actual supply and the demand. Basically, by using a fundamental analysis you are looking at which economy is doing well and which economy isn’t doing so well. The actual theory that is behind the fundamental analysis is that when a country’s economy is doing well the currency of that country should be doing well also, so the better that a country’s economy is, the more that the other countries are prone to trust that particular country’s currency. FX Trading Forex and Technical Analysis Now let’s take the time to learn what a technical analysis is. A technical analysis is known as the actual study of the price movement. So if you want to sum a technical analysis all in one word that word should be charts. The actual idea of a technical analysis is that the trader is going to be able to take a look at the historical price movements and then take into consideration the actual action of the price to be able to determine where the actual price will move to at some level. If you are able to look at the charts you will be able to see the trends as well as the patterns and you can use them to benefit yourself so that you are able to find good opportunities for trading. You will also find that the most important piece of information that you can learn from the technical analysis is the actual trend. There are many people that will tell you that the trend is indeed your friend. FX Trading Forex and the Best So, I bet by now you are searching to figure out which one of the types of FX trading forex is the best. Well you should know that overall that that question is worth a million dollars itself. When you are journeying through the forex market you will learn that there are advantages that stand behind both of the different types of trading. You will also run across many traders that believe that the fundamentals alone are coincidence and then you will run across others that feel that the technical’s can actually help predict the future movements of the markets. However, you should not be the least bit fooled when it comes to the two types because really and truly there isn’t one that is better than the other. When it comes to FX trading forex it is important that you know that you are able to go along with whichever one that you prefer however you are going to need to know how to use it. Now that I have taken the time to tell you about each one, I am going to take the time to tell you my honest experience and I hope that you will take it into consideration. When it comes to the two different types of trading, it is important that you never rely on just one, you should learn the information that you need to know about both of them and then you should use both of them to your benefit. The truth of the matter is that you will never be able to get the most out of your trading until you are able to balance out both types of trading. I am not going to lecture you on what you should and shouldn’t do but I am going to ask you to take my advice and I am more than sure that you will be able to succeed in the markets. When you are thinking about the markets, make sure that you take the time to learn about everything.

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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.

Broker of the Month

5_small_logoUFXBank provide up-to-date charts and news feeds, coupled with an easily navigated trading platform. UFXBank traders can access the biggest market in the world 24 hours a day with ease.

By keeping their platform, site and deposit process simple, safe and secure, UFXBank have become the web’s premier online forex trader.