Despite the popular belief, there are very few traders who really know how to read forex charts. Sure, plenty of people know how to interpret them, and those who do not can always rely on someone else crunching their numbers for them – at their own peril, of course.However, forex charts analysis is not something that should be left to other people.
Foreign exchange trading or more known as forex or FX trading is becoming popular. More and more people have become interested in this global market as it is also the largest market in the world. For those who do not know, forex trading is a global market where people from all around the world sell, buy and exchange the currencies with the current prices. As more people are exposed to the financial matters around the area of currencies, forex trading has become the trend and more people want to join and participate.
There are two basic types of brokers in forex market; one is the market makers and the other is ECN Broker. ECN stands for Electronic Communication Network. In simple words ECN is a financial expert who provide a direct route to its customers so that they can interact with other market participants. ECN is a type of computer software that facilitates the trading outside the market so ECN forex brokers only acts as a middle man between your trades, not as market maker.
Best forex broker List
A reputable and trustworthy forex broker can give you the necessary options, conveniences and opportunities to increase your profits and to trade with no risk or difficulties. We have listed some global top forex brokers below.
Having a deep knowledge about chart patterns and technical indicators is essential in forex trading.
The stock and financial markets are fertile ground for the creation and proliferation of myths.
If you are going to join Forex, you will make some great strategies based on the indicators that you find.