Synergy FX, a leading Australian forex broker, releases their new trading account with ECN pricing for professional forex traders using the Meta Trader 4 platform

In a move to expand their overall product offering, Synergy FX now offers their Standard Account and an ECN Account.

Importantly, forex traders have the opportunity to practice their trading in either account in the Synergy FX forex demo account.

Suitable for all style of traders, the demo environment is ideal for both currency trading for beginners as well as professional traders to test their forex trading strategies in a practice environment before switching over to the live account.

Manual traders can access Meta Trader 4′s wide range of technical indicators and powerful charting tools to test and confirm their trading decisions.

For automated forex trading strategies such as Expert Advisors and forex robots, traders can import the forex trading system onto the Synergy FX Meta Trader 4 platform to test the programme in the demo environment.

Source: www.sfgate.com

Vantage FX UK offers an exclusive test environment for Forex traders to run the rule over Expert Advisors before using them to trade for real.

In financial trading, Expert Advisors are software robots designed to automate part or all of the trading process, including Forex strategy and money management.

Unique to Vantage FX account holders, the Expert Advisor Test Lab allows traders to assess two EA Forex Robots every month through demo account testing, detailed monthly performance stats and trade-by-trade descriptions. The online lab also provides users with discounts on EA programming software.

Vantage FX UK provides traders with a comprehensive education service, including a 30-day MetaTrader 4 demo account and daily currency market insights.

Find out more about Vantage FX’s Expert Advisor Lab here.

Trading derivatives and Forex carries a high level of risk to your capital and you should only trade with money you can afford to lose. Forex trading may not be suitable for all investors, so please ensure that you fully understand the risks involved and seek independent advice if necessary.

Source: www.prnewswire.com

Smaller retail Forex traders have traditionally been at a disadvantage. Margin deposits required for an online trading account with an Forex ECN broker were prohibitively steep. Minimum trade sizes left absolutely no room for error or to maneuver. Traders in this situation frequently had to accept substandard trading platforms, and unpredictable, variable spreads from market maker brokers. InvestTechFX has eradicated this reality by making minimum account size and trade size very reasonable. Along with this, they provide access to the same professional FX trading platform, MetaTrader, that was once limited to only the biggest traders.

Online Forex traders new to Forex currency exchange trading were often put off by margin deposits exceeding $100,000. Some Forex ECN brokers had minimum initial account deposits of $250,000.

Although margin deposits with a market maker broker could be lower, higher, variable spreads, even on major currencies, could result in a large percentage of trading profits going to the broker, or worse yet trading losses being magnified by that large percentage. InvestTechFX has eradicated this reality by making minimum account size and trade size very reasonable, also offering some of the most competitive spreads.

For example, if a trader pays a market maker a two pip spread on a 1000 unit trade of the EUR/USD that earns a ten pip profit, InvestTechFX experts explain that the two pip spread would cost that trader 20%. Any broker of stocks, bonds or futures that tried to charge a 20% commission would be drawn and quartered. Fx trading experts at InvestTechFX go onto explain that the percentage represented by the spread would decrease as profit increased, but upon objective examination, it seems as though the trader takes the risks and the market maker broker reaps the reward with zero risk. In times of high volatility, the market maker’s spread can even be higher, further eroding positive trades and escalating the damage of losing trades.

An Electronic Clearing Network (Forex ECN) broker like InvestTechFX, on the other hand, offers spreads as low as one half pip on major currency pairs. The spread can be higher on the currencies of politically and economically unstable countries, but new traders shouldn’t be trading these currencies in the first place and experienced traders have already learned to avoid them.

InvestTechFX has opening margin deposits of as little as $100, so new traders can sample foreign currency exchanges with minimal risk and have the opportunity to determine Forex trading’s suitability to their temperament and circumstances. They also offer clients the use of MetaTrader, considered to be the gold standard of trading software. This is the same trading platform preferred by large professional and institutional traders, those whose deal in multimillion unit Forex currency exchange transactions.

InvestTechFX recently reported the potential for a breakout to the upside of the EUR/USD pair, based on the stagnation of price activity around $1.39 and the very real prospect of China coming to the EU’s rescue. Bankers facing a 60% write-down of the Greek debt they were holding, along with the real possibility of being left with entirely worthless paper, happily accepted China’s offer of $.50 on the dollar.

News of the agreement, details of which remain to be finalized, sent the EUR/USD on a 350 pip tear, explains InvestTechFX. The uptrend lasted throughout the New York session until close to the end, when prices retreated slightly, but in no degree sufficient to declare a reversal. Still, experts still admit that they don’t know with total assurance what the market will do.

The Forex trading company InvestTechFX is a proven leader in the industry of artificial intelligence software. They are renowned for their top notch trading technology systems in the computerized trading industry whose experts develop advanced, customizable, intuitive, efficient, and sophisticated trading tools that help people understand Forex currency exchange related trends and developments. Apart from offering new, exciting, and innovative solutions, they are well known for their detailed and comprehensive learning center. Information contained in this report should not be construed as investment advice. All trading decisions and outcomes are the total responsibility of the person or persons making them.

InvestTechFX supplies objective technical and fundamental analysis for free. Anyone deciding to enter currency transactions based on this analysis does so at their sole risk and accepts complete responsibility for the outcome. FX trading is challenging. Stacking the deck in your favor by getting the lowest per-transaction costs and access to professional trading software is a commonsense approach to starting out or staying on the right foot.

Source: www.benzinga.com

One of the best forex trader techniques for establishing positions in an online trading account involves analyzing exchange rate charts for a currency pair.  Technical forex traders might use a variety of chart types for this purpose, which can include tic or tick charts, line charts, bar charts and point and figure charts.

The following sections will discuss each of the aforementioned chart types in greater detail. Although Japanese candlestick charts are also very popular among forex traders, a discussion of that especially detailed charting method lies outside the scope of this article.

The Tic Chart

The tic or tick chart is one of the best forex trader tools for very short term trading strategies such as scalping, or for timing an entry into the market being analyzed. This popular chart type lacks a time frame and simply involves graphing a new tick each time that the exchange rate changes. Most forex traders operating in an online trading account via an online forex broker that supports a reasonably sophisticated forex trading platform like MetaTrader will also be able to plot both the bid and offer exchange rates on their tic charts, as Figure 1 below illustrates.

Figure 1: A tic chart for GBP/USD showing the offered exchange rate in blue and the bid rate in red.

The Line Chart

The line chart is another useful tool that helps traders smooth out the price action and identify trends. This chart type includes a time component and typically involves graphing the closing exchange rates for each time period depicted and connecting the resulting dots with straight lines.

Most forex traders operating in an online trading account via an online forex broker that supports a reasonably sophisticated forex trading platform like MetaTrader will be able to plot line charts similar to Figure 2 below.

Figure 2: A daily line chart for GBP/USD showing the closing exchange rate in black.

The Bar Chart

The bar chart is one of the best forex trader tools and provides much more information than the line chart. Like the line chart, the bar chart includes a time component, but it typically involves graphing a vertical line or bar between the high and the low exchange rates for each time period time depicted, as well as a left tick at the opening level and a right tick at the closing level.

Forex traders operating in an online trading account via an online forex broker that supports a reasonably sophisticated forex trading platform like MetaTrader will usually be able to plot bar charts similar to Figure 3 below.

Figure 3: A daily bar chart for the GBP/USD currency pair showing its high, low, opening and closing exchange rates in black.

The Point and Figure Chart

The Point and Figure chart is considered the best forex trader tool by many professional traders and it focuses only on price action. A Point and Figure chart lacks a time component, and it usually involves graphing a series of X’s or green boxes to show an upward move and a series of O’s or red boxes to show a downward move.

These unusual charts are typically parameterized by a box size expressed in pips and the number of boxes required to show a reversal from X’s to O’s or vice versa.

Although primarily used by professionals who often create them by hand on graph paper, retail forex traders operating in an online trading account via an online forex broker might need to obtain a special indicator for their trading platform in order to be able to plot Point and Figure charts similar to Figure 4 below.

Figure 4: A Point and Figure chart for the GBP/USD currency pair with X’s plotted in green and O’s plotted in red, and using a box size of 5 pips and a three box reversal. Resistance trend lines are plotted as green lines, while support trend lines are shown in red

Source: www.forexnewsnow.com

Alpari UK, announces a major partnership agreement with London’s West Ham United Football Club Limited. Alpari (UK) signed a three-year contract with the club on Friday.

Alpari (UK) operates in the global currency trading industry. The company provides Forex traders with highly advanced online trading platforms and research tools.

FXDD, a leader in online forex trading, today announced the appointment of James Chen as the company’s first Director of Technical Research and Education.  Mr. Chen will operate out of the firm’s New York City headquarters.

n this new role, Mr. Chen will further enhance FXDD’s technical research and educational offerings with daily market updates, trading webinars and hands-on instruction for FXDD’s novice, intermediate and advanced trading customers.

“The addition of James to the FXDD team further enhances our ability to serve customers and provide best-in-class educational and research offerings,” said Lubomir Kaneti, FXDD’s Chief Operating Officer, “James has established himself as one of the premier technical analysts in the retail forex market. His critically acclaimed books, articles on trading, webinars and instructional DVD’s have become widely popular with traders all over the world.  James will assist FXDD in increasing our already large global footprint and we are delighted to have him on board.”

Prior to joining FXDD, Mr. Chen served as Chief Technical Strategist for FX Solutions.  During his five years at FX Solutions, Chen is credited with leading the firm’s technical research department and providing expert guidance to thousands of forex traders.

“FXDD has a reputation for great customer service, innovative thinking and a steadfast commitment to individual traders,” said Chen.  ”I’m excited to be a part of this new team and look forward to further establishing FXDD as the broker of choice for forex traders all over the world.”

Mr. Chen is an accomplished author, educator, speaker and frequent contributor to top-tier publications such as Forbes, Futures Magazine, Technical Analysis of Stocks and Commodities and International Business Times. Mr. Chen has published multiple books on forex, including Essentials of Technical Analysis for Financial Markets (John Wiley & Sons, 2010), Essentials of Foreign Exchange Trading (John Wiley & Sons, 2009), and the instructional DVD set, High-Probability Trend Following in the Forex Market (FXstreet, 2010).

A registered Commodity Trading Advisor and Chartered Market Technician, Mr. Chen graduated from Tufts University with a degree in social psychology, and has been a currency trader and market analyst for more than ten years.

Source: www.prnewswire.com

Golder Markets Ltd. Unveils New Seamless Trading Experience for Forex Traders

Golder Markets Ltd., the London, UK-based global online trading and brokerage service, today announced it is launching the world’s first seamless trading share wallet that allows traders to trade multiple instruments on multiple platforms with infinite possibilities.

“Gone were the days when traders had to open one account for manual trading, one for auto trading, and another one for binary options. With At Golder Markets’ new trading shared wallet, one account will facilitate your trading Forex, CFD, Precious Metals, Commodities, Binary Options, Major Stocks and Indices,” said Marketing Director Damien Middleton.

With Golder Markets now holding the enviable position of being the world’s first brokerage firm to offer traders a seamless trading platform, forex traders will no longer need multiple accounts. “Now, one single account at Golder Markets allows trader to trade across multiple financial instruments on four different platforms,” noted Middleton.

“It is so easy and convenient, any novice trader can start trading,” he added.

With Golder Markets’ state-of-the-art trading technological platform, trading will become an integrated process that keeps in sync with the World’s most popular MetaTrader 4 (MT4), WebTrader, and Mobile Smartphone Trader.

“This new service provides the ultimate convenience for traders, whether trading at home, in office, or on the move. Now, they can have seamless interconnectivity for their trades,” said Middleton.

Source: www.webwire.com

As mobile, wireless technology transforms the world in every conceivable sphere, financial trading too is steadily making a shift from the online realm to that of mobility as a more effective way of keeping pace with the frenzied activity on the trading floor. With the overriding triumph of smartphones and tablet computers, forex traders can now engage in their trade from anywhere.

Fair Trading Technology is launching a MT5 Demo trading contest where beta testers of the upcoming MT5-ECN trading bridge will be able to win $1000 per week. The company is launching this contest in order to make sure it will recruit enough beta testers of various trading backgrounds to make sure it will release a thoroughly tested and verified trading solution to the market.

“This is an excellent opportunity for forex traders to get an early taste of our upcoming, totally transparent, MT5 to ECN solution” says Fair Trading Technology co-founder, McLean Van Cleve.

The prize will be given to the top trader each week who has signed up to the Metatrader 5 contest and made at least 10 trades that week. No previous trading experience nor any investment is needed. The account with the highest weekly equity gain (by percentage) wins. There is an equal chance to win each week so even the latest entries have the same chances of winning.

“We want all traders to have an equal chance to be in with a chance to win as it will attract all kind of traders making sure we deliver an absolutely unique world class product at the end of this. As this product follows our ultra-successful launch of our totally transparent MT4-ECN T3 Bridge, this one has to exceed expectations once again” says Fair Trading Technology co-founder, McLean Van Cleve.

The MT5 trading platform will set a new standard in the trading industry. One of the things Fair Trading Technology hopes to get out of this beta test are how customers interact with the new interfaces that the MT5 platform brings to the table and how these new features benefit the trader. Most importantly we want to see how our newest ECN bridge performs with the new Metatrader 5 trading platform. Running internal stress tests, while necessary and beneficial, is quite different than having thousands of traders and strategies running all at once. This contest and the ensuing participation will ensure that another bug-free product will be released.

To be tested:
- Two-way Bridge Functionality
- Multiple Level Liquiduity Access
- Partial Fills

Fair Trading Technology is a technology provider of transparent trading platforms. It is the the first ever company to deliver a totally transparent MT4 to true ECN trading bridge with execution at the world’s largest Swiss ECN bank.

Source: www.onlineprnews.com