Forex Opportunity

With the amount of Forex trading companies out there, it can be an overwhelming and daunting task trying to figure out who you can trust with your investment and which brokers will bring you the highest profit. The business of Foreign exchange trading is risky. You have a lot to gain and, sometimes, even more to lose. This market can bring in large profits if you trade wisely, but can also see loss that can bring you to your knees. It is for this reason that you, the Forex trader, must be well informed and educated before you invest your first Penny into the Forex market.

The Forex market is an open arena which is largely unregulated online with no formal laws, rules or even a governing body. There is a great opportunity to trade forex but there is no one to look out for you and your “rights” as a trader and no one to bring justice to the scammers who could take all your money. It is for this reason and this reason alone, that Forex Justice is here. We will guide you through the process, one step at a time, while watching out for your interests and being up front and honest about the market and the trade.

One of the most important things you can do when choosing a Forex broker is to validate their reputation. Brokers must be legitimately linked to the Forex market and if they are not, you need to steer well enough away from these scammers. They will take your money and you will never hear from them again and you will have essentially no rights and no way to recover that money. Research and information are vital!

While it is vital to your success that you are vigilant in keeping your ear to the ground with regards to the forex market, you must also realize that there are countless honest, reliable and professions forex brokers available. Our philosophy at Forex Justice is that we will level the market to provide a fair chance for everyone, whether you are brand new or a seasoned pro! We pride ourselves in our innovative approach to Forex reviews. We provide a two-way, open approach to forex reviews. We look at reviews from the broker’s perspective and from the trader’s perspective. This ensures that we are providing you, whether you are a broker or a trader, with honest and objective reviews. This priceless commodity in Forex trading is both unusual and beneficial. Our goal is to simply provide a platform for honest review, from traders and brokers alike. This has proven to be an immense benefit for those in the Forex trade. It allows you to hear firsthand reports of experiences traders and brokers have had with different companies. This will help you separate the honest companies from the scammers. The benefits of this are obvious!

The more you know about the Forex trading arena, the better equipped you will be to invest wisely. Doing so will ensure you a long and satisfied future in the Forex trading system with the highest possible profits. Forex Justice is here to guide you on your way.

Forex Brokers

Forex Brokers Forex Brokers are those people who make their living by connecting Forex buyers with Forex sellers and vice versa, usually charging a commission or fee for the services they render. Many of these brokers charge a spread, which is the difference between the selling and buying price of a combined pair in Forex trading. This is the usual manner in which Forex brokers make money through their services.

As just mentioned, spreads are the difference between the buying and selling price of a combined pair in Forex trading. The spreads you are dealing with will have a significant bearing on the amount of return you receive for your investment depending on which type of account you decide to open. Because you, as the buyer, would want to buy low and sell high, the spread will be higher which means you will have to pay more to your broker and then you will end up with less money in your pocket than when you first sold. As the market fluctuates, so do your spreads. It would be advisable to learn as much as you can through our video helpers on our Forex guide section.

Whether you choose an Electronic Communication Network (ECN) or a retail Forex company, the return on your investment and the timeliness of it directly depend upon the type of Forex broker you choose. ECNs will not trade against you and they work in the free market by connecting you, the individual Forex trader, with major brokerages or banks. In this case, your spreads will probably be smaller, but you know up front the amount you will be paying for such a service, whether it is a commission or a set fee.

Percentage in Points, or PIPS, is the smallest price grouping of a currency that is being traded on the Forex market. These can be quoted all the way to the fourth decimal. Your spreads, which will be one of your foremost costs of Forex trading, will be measured in PIPS. As you will quickly learn, even the smallest changes in PIPS can make a dramatic difference. The Forex Justice reviews will help you discover which brokers offer you the best PIPS and spreads, so you can make an informed decision about which broker is best for you and the needs you have in Forex trading.

ECNs and retail Forex companies are the two different types of brokers. Of these two, a Forex ECN is the more accredited and trustworthy. The reason for this is that they basically create their own markets for trading. Spreads are decided very subjectively and trades are actually made against you. After that, the profits are given out at the discretion of the broker. These retail Forex companies are inviting to those who are new on the Forex market or those who are low on money because traders don’t have to make large investments. Retail Forex companies are an excellent place to learn the ropes of Forex trading, as long as you realize that you are running the risk of seeing your investment profit disappear quickly and without warning. 

The most important thing you can do before you select a Forex broker is to research. There are scads of reviews available, even here at Forex Justice, where you can compare companies, returns and client’s opinions before making your final decision.

Forex Training and Fiesbonacci Studies

Forex training will require the understanding of Fibonacci. Fibonacci numbers are a series of numbers whereby each succeeding number is added to the sum of the previous two numbers. For example, a Fibonacci scale would be: 1, 1, 2, 3, 5, 8, 13, 21, 34, etc… There are several interesting relationships within this succession of numbers, such as the fact that any number on the Fibonacci scale is roughly 1.618 times the number listed previously in the succession. This numerical study is named after Leonardo of Pisa, who is credited for its discovery.

Leonardo was born in Pisa, Italy in 1170 A.D. to Alessandra, his mother who died when he was nine years old, and Guglielmo, his father who was nicknamed “Bonaccio”, meaning “good natured”). It wasn’t until after he died that Leonard was given the nickname Fibonacci, which was derived from filius Bonacci, which means “son of Bonaccio”.

Growing up with a father who ran the trading post of Pisa, Leonard traveled a lot with his father to North Africa. It was there that he learned the Hindu-Arabic numerical system. Leonardo seemed to be a natural with numbers and quickly realized that the Hindu-Arabic system was easier to use and far more efficient than the Roman numerals he had been taught. Leonardo traveled extensively throughout the Mediterranean region studying under the foremost Arab mathematicians of his time. Upon his return at the age of 32, he published his findings in Liber Abaci, thus introducing the Western World to the Hindu-Arabic numerical system.

Leonardo was considered by most to be the most talented mathematician of his time. In modern times, Leonardo is best known for his contributions in introducing and spreading the Hindu-Arabic numerical system to the Western World, largely through his book Liber Abaci and for the Fibonacci numerical studies, which were named after him. It is rumored that he did not actually discover this system, but is credited for its rise in popularity because he used it in example in his book.

Fibonacci numbers are often used in Technical Analysis in the Forex trading industry. In general, the study of Fibonacci numbers includes anticipating changes in trends of prices as they get closer to the lines which are created by the studies. These are then called Fibonacci lines. Using Fibonacci tools is actually quite simple. Observations and studies have indicated that retracement levels on the Fibonacci scale function best in the zones they cover. The more often these lines come together near or directly at a price level, the more reliable they are in deciding reversal points or pauses.

The Fibonacci studies, lines and scales are just one method of prediction in the field of Forex trading. Some may argue that this is not a reliable method and is more akin to gambling. However, for many traders, this system of prediction works well and has a history of success for them. It is important to know the different systems and methods of prediction so that you, the Forex trader, can decide which one works to your advantage. Forex Justice is here to assist you in making the most informed decision possible.

Economic Indicators

Economic indicators are those signals that are all around that will show you which direction the market is currently heading. It is vital to your success as a Forex trader that you keep one ear on the ground to know what is happening in a wide range of economic areas so as to stay aware of what is happening, locally and internationally. This will enable you to make the best decisions possible regarding the investments you have already made and helping you know which ones you should be making.

Some of the indicators to watch out for are:

• Retail Sales: By way of definition, retail sales, as indicated by their name, is simply a projected estimate of what sales will be by retail shops in the US. These are usually released monthly in advance and are usually not adjust for inflation. In order for this report to be generated, a sampling of receipts from participating retailers is compiled. The importance of this in relation to Forex trading is that it is a valuable indicator of which industries and more specifically, which companies are worth investing your money into.
• Existing Home Sales: Existing homes are homes that have been standing for a while, while the rest are newly constructed. The rate at which homes are being sold can provide you, the trader, with important clues into the economic situation. For example, some sellers might sell one home to make a profit and use that profit to buy new furniture for their new homes. That could be an indication that the furniture industry will be booming very soon. Interest rates are also influential to the Forex trading industry and also affect existing home sales. These are all things to look out for when you get into Forex trading.
• Leading Indicators: Traders use these types of indicators to forecast upcoming changes in the market. Because leading indicators might change before the market actually changes, these are important principles to pay attention to in order to invest wisely. It is important to realize and understand that leading indicators are only indicators and cannot precisely foretell where the market is heading: they are only predictors.
• Trade Balance: Trade balance compares a country’s economical imports to its exports. If the country is experiencing a trade surplus, then the exports going out are more than the imports coming in. Opposite of this is when a country is experiencing trade deficit – the trade balance is in the negative with more goods being imported the exported. This aspect is foundational to successful Forex trading because the trade balance relies on the exchange rates between two particular countries. Trade balance will also be a source of important information regarding the exchange of those two countries’ currencies.

While these are just a few of the economic indicators that you, the Forex trader, should be aware of, it is important to recognize that there are many, many more indicators to watch out for. Forex Justice can help you in knowing what is happening economically around the world. It’s just that simple to sign up and have the very best help and expertise available!

Don’t Get Eaten Alive

Foreign exchange currency trading is a risky business with much to lose and much to gain. As a professional forex broker and personal trader, I have realized the fast profits this market can reap, while witnessing the dog-eat-dog nature of the beast, in which buyers lose their shirts every minute.

Whether you are a forex trader or just curious about forex currency trading, you owe it to yourself to separate the wheat from the chafe. The Internet is awash in foreign exchange currency trading websites whose sole existences are dependent upon ignorant forex investors. From get-rich-quick forex software schemes to free forex training, forex educational seminars, free forex signals, forex forums, and more, the fraudulence that surrounds the fx trading market is frightening.

Forex trading is very different from the U.S. stock market. The major differences include:

• Forex has no central exchange
• Forex trading can be done around the clock
• Forex has no overseeing regulatory commission, such as the SEC

The forex market is a wild, open arena without rules, laws, or a governing body. No one cares if your money is taken. No one will lose any sleep if you’ve been lied to. There are no repercussions if you’re treated unfairly. Investors trade at their own risk and have no legal recourse to enforce justice.

I know. I’ve been there. The scammers have burned me more than once. In an attempt to further my own knowledge, I fell for the magical software sales pitches and followed the crooked paths to the stolen treasures, only to be let down ad nauseam.

I served my time as a forex broker, which was an eye-opening experience. I heard and saw the manipulation of client profits that was business as usual. It quickly shifted my interest in trading and brokering forex to that of protecting forex traders. I redirected my efforts from studying daily forex signals to researching forex websites. I was determined to devise a resource on which forex investors could rely for honest, fair information exchange.

Forex Tutorial: Introduction to Currency Trading

The foreign exchange market (forex or FX for short) is one of the most exciting, fast-paced markets around. Until recently, forex trading in the currency market had been the domain of large financial institutions, corporations, central banks, hedge funds and extremely wealthy individuals. The emergence of the internet has changed all of this, and now it is possible for average investors to buy and sell currencies easily with the click of a mouse through online brokerage accounts.

Daily currency fluctuations are usually very small. Most currency pairs move less than one cent per day, representing a less than 1% change in the value of the currency. This makes foreign exchange one of the least volatile financial markets around. Therefore, many currency speculators rely on the availability of enormous leverage to increase the value of potential movements. In the retail forex market, leverage can be as much as 250:1. Higher leverage can be extremely risky, but because of round-the-clock trading and deep liquidity, foreign exchange brokers have been able to make high leverage an industry standard in order to make the movements meaningful for currency traders.

Extreme liquidity and the availability of high leverage have helped to spur the market's rapid growth and made it the ideal place for many traders. Positions can be opened and closed within minutes or can be held for months. Currency prices are based on objective considerations of supply and demand and cannot be manipulated easily because the size of the market does not allow even the largest players, such as central banks, to move prices at will.

The forex market provides plenty of opportunity for investors. However, in order to be successful, a currency trader has to understand the basics behind currency movements.

The goal of this forex tutorial is to provide a foundation for investors or traders who are new to the foreign currency markets. We'll cover the basics of exchange rates, the market's history and the key concepts you need to understand in order to be able to participate in this market. We'll also venture into how to start trading foreign currencies and the different types of strategies that can be employed.

Despite a relatively light docket of scheduled economic event risk, the US dollar tumbled against most of its counterparts this past week. This was due to the market’s acute interest in risk trends and the dollar’s association to such macro concerns. In the week ahead, fundamental conditions threaten to be far more complicated which could in turn lead to far greater levels of volatility and/or momentum. To garner a sense of what could move the market and how specifically it impacts the world’s most liquid currency, we will address each of the major themes likely to influence price action one by one. However, it is important to distinguish between those drivers that will have an immediate and decisive impact on the dollar and those that could have a drawn out impression. Both the first quarter GDP release and FOMC rate announcement have clearly defined parameters for timing and influence. In contrast, there is no clear scenario for how forecasts from global policy officials and the steady flow of earnings reports could sway a currency that has to balance its place in the economic food chain with its status as a safe haven.
There is no way of telling which manner of event risk (schedule release or general risk) will have the more pervasive effect on the US dollar; but recent history suggests we follow the currency’s function as a capital refuge. Immediate concern is the cumulative and distilled outlook for global growth and policy that comes out of the various meetings scheduled over the weekend and beyond. The G7 released met on Friday; but their seemed to offer little progress towards the world-wide rescue beyond offering a forecast for a ‘weak’ recovery by the end of the year and offering a warning that toxic assets are still a serious threat. There was sideline commentary suggesting the member nations have taken steps towards realizing the G20’s Agenda points from the London summit; but there is little evidence to substantiate such claims. Going forward, market participants will actively monitor the news wires for signs that the recovery in sentiment is unrealistic. An official statement from the G20 would be read over with a fine-toothed comb, traders will gauge the sway of proposals from the IMF and World Bank meetings this weekend, and fundamental traders will never ease up on their vigilance over nation’s individual efforts to stabilize their own economies.
The other indeterminable factor for dollar traders is the ongoing release of first quarter earnings reports. On the whole, its seems revenues and net income for American firms was stronger than analysts were predicting through the first quarter. However, this is an unreliable benchmark to gauge sentiment and economic health against. Firms are still clearly struggling with the recession and lack of credit as bottom lines that are splashed in red. This is an particularly important point to make with the financial sector (and more to the point, the 19 banks that are being reviewed for the Fed’s stress test). Traders the world over are waiting for the Federal Reserve’s assessment of how the banking giants will fair should the recession linger. In a white paper that explained the examiners’ methodology for judging each institution’s health, it was said that ‘most’ of those under scrutiny had sufficient capital – suggesting some will fail.
It is far easier to prepare and scale the impact of the advanced reading of 1Q GDP and the Fed’s rate decision. There is growing consensus that the central bank will further shrink its target range, but such a move would change little. More meaningful is the growth report. There have been claims from various policy officials of initial signs of stabilization and a decelerating pace of recession. These assertions will be immediately confirmed or denied by this specific piece of event risk. As the world’s largest economy, should data confirm a slower pace of annual contraction (as economists predict), it would be the first tangible sign that conditions are indeed improving.

The Moody’s Investors Service declarations that finances would be deteriorating in Britain brought the pound further down against the yen and the euro.

The Malaysian ringgit is topping the gains’ list among Asian currencies, followed by the Singaporean dollar, thanks to the government stimulus and interest rate cuts

The South African currency climbed this week against the dollar, after the African National Congress, the winning party, is expected to maintain the current economic policies in the country.