Friday 21 February 2014

Which is the best website for forex reference?

Which is the best website for forex reference?
It really depends on what aspects of forex you want to reference.
If you are a beginner to speculation, then babypips has a free school of pipology to introduce you to various terms used in forex, such as pips, bid, ask, spread as well as giving you a walk-through as to how to buy and sell contracts. Investopedia also has several videos that explain different monetary concepts related to forex. Websites such as MyFxBook, ForexFactory, have thorough economic news calendars that list upcomming news announcements dates/times and what expected impact it will have on prevailing prices. They along with MT4i and FX Intel also track retail broker spreads on a real-time or delayed basis

Forex Magnates specializes in daily news that covers goes beyond the retail trader: institutional investors, software developers, and regulation of forex industry . They also have a Forex Industry quarterly news report that analyses trends in retail and institutional forex volumes and related technology from all over the world.

MetaQuotes is home to the Metatrader 4 (mt4) and Metatrader 5 (mt5) software platforms, which is the de-facto trading platform for the majority of retail forex brokers. Because of the electronic and over-the-counter (OTC) nature of forex, several other popular forums like Forex-TSD, EliteTrader, DonnaForex, etc not only post experiences with brokers, but will share free indicator and expert advisors.

Each individual broker will have their own training courses, although using independent references is usually better

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