Hello ! Today, we’re gonna talk about a question that every trader asks himself at least once in his life… What Forex Broker can I choose ?? I know that’s a very difficult question to answer… But we’ve done it ! Check out who’s the best Forex Broker !
Actually, as said above, every traders ask themselves this kind of question… And finding a great forex broker on the internet is a real challenge !! Here are my criterias to find the best currency trading account :
-MT4 Platform, Fast Execution, Great support talking almost every language, cheap prices, security, possibility to withdraw the funds fastly…
And i’ve found the perfect foreign exchange broker !!Indeed, I’m with Activtrades since January 2007 and they are great !! Their support is amazing, everytime I needed someone to talk in french, they were there. The platform (MT4) is working fast and you can withdraw your funds in an amazing short while !!
They are cheap, in fact, theirs spread are the following :
|EURUSD||Euro vs US Dollar||2 pips|
|USDJPY||US Dollar vs Japanese Yen||2 pips|
|EURCHF||Euro vs Swiss Franc||3 pips|
|EURGBP||Euro vs British Pound||3 pips|
|EURJPY||Euro vs Japanese Yen||3 pips|
|GBPUSD||British Pound vs US Dollar||3 pips|
|NZDUSD||New Zealand Dollar vs US Dollar||3 pips|
|USDCHF||US Dollar vs Swiss Franc||3 pips|
|AUDUSD||Australian Dollar vs US Dollar||4 pips|
|CHFJPY||Swiss Franc vs Japanese Yen||4 pips|
|USDCAD||US Dollar vs Canadian Dollar||4 pips|
|AUDCHF||Australian Dollar vs Swiss Franc||6 pips|
|AUDEUR||Australian Dollar vs Euro||6 pips|
|NZDJPY||New Zealand Dollar vs Japanese Yen||6 pips|
You can find the others spread on this webpage : http://www.activtrades.com/index.aspx?page=forex_spreads
Moreover, if for any reason, you need to stop trading during a few weeks or month, they won’t close your account even if there’s no money on it !!
They are really awesome, so if you’re looking for a good forex borker, let me say that ActivTrades is great !
Trading Psychology : 4 Quick Tips On How To Trade Safely
Dear Readers ! Today, here’s a little article i wrote this morning about how to trade safely (big challenge). I’ve written those advices by thinking of all the mistakes i’ve done when i was starting trading the forex… I was like becoming irritated, nervous and angry ! So if you want to keep your wife by not being stressed out like an insane person, please read my 4 Tips On How To Trade Safely !
As a trader, i can tell you that forex trading can be one of the most stressful thing ! When i first started trading on the currency market i had some of my biggest frights ! And as “regular forex” blogger, i must advise the beginners on how to avoid stress and give them tips about trading psychology.
-The first point is being prepared. Indeed,you must be prepared to win money as you must be prepared to lose money. When i started, i wasn’t prepared for both of those things. I completely lost the value of money ! The amount i was seeing appeared only like points for me : $500 was only 500 points and earning 500 point appeared not be enough for me… That’s one of the biggest danger and i experienced it… What you have to do is remember the real value of money. Besides, you need to be prepared to lose money because you will lose money ! You can’t win without losing… Be prepared to see beautiful amounts of money disappear and don’t overreact ! You lose this time, you’ll win next time.
-Before starting any trading session, you need to relax, grab a cup of coffee and stop thinking about what you’re going to do… Why ? Because the forex market as the power to “overcome” you… I mean that you don’t have to think about currency trading 24 hours a day and 7 days per week. You must have the power to say stop and then go out with your family or your friends, your dog or whatever !!
-Here, one of the most important point. If you don’t follow this advice, you will fail for sure… You must not monitor your trades all the day long ! When you set up a trade, you put a take profit point and a stop loss point, then you go ! You close your damn MT4 Platform and you think of something else ! Monitoring trades all the day long is the biggest risk in the forex market. Why ? Simply because each time you’re going to see a trade going down, your reflex, as a beginner, will be to cut it down without even wait. Because maybe if you’d have waited the trade would have been a profitable one…
-Last but not least, don’t trade all the day long !! Set up a maximum number of trade per day. For example, confine yourself to 2 trades per day. No matter if they are profitable or if you lose money, only trade twice a day ! Because if you don’t have a plan, every time you’re going to have a losing trade, you will say “oh, damn, a losing trade ! The next one is going to be a profitable one…” and then you trade again and again and again and you become tired and your account hit the $0 bottom line !
My final advice is : follow the precedent advices ! Set up a trading plan and make those tips your rules ! If you don’t follow them, you will not succeed.. I’ve already experienced the feelings that encourage you not to follow the tips above and each time it results by a loss of money !
Trade Safely and see you next time !