We are VERY proud of our comprehensive members-zone. Every setup step is described in extreme detail PLUS further enhanced with a custom VIDEO tutorial. Should you have ANY question, there is our regular Support and we even provide expedited Premium Support (for an extra $10/month), guiding you all along the way! It simply doesn't get any better than that!
The best forex trading software displays colse to real-time exchange rates that change along with the market as it ticks up and down over time. Naturally, the best type of real time exchange rate is one you can deal on. This way, when you go to enter a trade or an order using your forex trading platform software, you do not get surprised about where the market really is trading.
OFXT is here to help you in your path to becoming a forex trader or broker. Our goal is to help you learn, practice, and master the art of currency trading. It's important to understand currency pairs such as the EUR/USD, USD/CAD, GBP/USD, USD/JPY, or other major currencies, and how the economies of each country impact one another. There is a high amount of risk involved in FX trading, for more information, please see our risk disclosure policy. Choosing a forex brokerage, signal provider, or charting software are difficult decisions, so we've established a set of reviews based on a variety of criteria for evaluating their credibility. Foreign currency trading is different from futures, options, or stock trading, and it's important to understand the terminology. We hope you will continue to learn to trade with us, and if you ever have questions, please drop us a line.
do NOT make any veiled threats about having to escalate this issue to our superiors; they will tell you EXACTLY the same thing that we informed you! Since April, you have made SEVERAL requests for change in your live account# and that is something we will NOT encourage any further, is that clear?! Our response to you remains the same: you will have to purchase a new license, there will be NO compromise on this matter!
Trade Interceptor: A very popular iOS and Android trading app that allows users to trade currency pairs, binary options and commodity futures through a choice of forex brokers. Traders can set alerts for price levels or news releases, and the app provides access to the daily economic news calendar and real-time market news. There is also a feature that allows traders to do simulated trading and back-test trading strategies using historical price data.
Forex trading is governed by the National Futures Association, and they routinely check brokerages for financial irregularities, hidden or overly high fees, and scams. A key point of comparison between forex brokerages is their regulatory approval status with the NFA. Because the forex market and its major players move rapidly, it’s wise to regularly check on that status via the NFA’s Status Information Center. Increased regulation (coupled with higher capital requirements) continue to force forex brokers to leave the playing field, and one side effect is that it’s increasingly easy to find the best out of a constrained number of options.
FTC Required disclaimer: Unless otherwise stated we have no connection to the person giving the testimonials. Where we do have a material connection to the person we will clearly state the connection. Testimonials are not indicative of future performance or success. The betatesters used in the video testimonials were provided a review copy of the product and a result has a material connection to our website, which may influence their opinion. In the interest of full disclosure we can not say that these results are representative of all users. We simply share the results our betatesters that were achieved during the forex trading. The results are not indicative of future performance or success.
In third place is Dukascopy Bank which also held its position year-over-year. No broker puts out more content than Dukascopy thanks to its in-house, out-sourced, and community-sourced research and news content. The Swiss bank and brokerage incorporates an extensive amount of research-related content within its website and trading platforms, along with a fully staffed professional TV studio that powers Dukascopy TV. To round out its offering, Dukascopy provides many social elements within its community to engage traders with important market content and related analysis tools, as well as even competition incentives (beyond the typical deposit bonus).
Forex is one of the most hyped markets and many vendors with promote their Forex trading software with outlandish claims. Make sure that what they promise, they deliver. While results may differ, they should not be so far off the mark if you have followed the instruction they laid out. Forex robots were hyped to be an ATM but most, if not all, failed to deliver. Remember if it is too good to be true, it probably is.
Moreover, remote access capability is vital if you travel often, or intend to be away from your PC for a long time. Therefore, your program should allow full access and functionality from any current location through Wi-Fi or any other form of internet access. A web-based program can be the most useful and practical method of serving the trader and their needs. It is important to outline that virtual private server hosting, or VPS, is a service worth considering for the prudent Forex trader. VPS is sold by different companies, and provides immensely fast access, isolates the Forex automated software for security purposes, and also offers technical support.
cTrader: A great platform with a growing reputation amongst brokers because the cTrader interface is more smooth-running, neater and easier to navigate than the MetaTrader platform. It was made to meet the unique requirements of no-dealing desk brokers and provides plenty of tools that greatly increase the efficiency of transparent and direct executions.
As a forex trader, you have a choice of two very different tax treatments: Section 988 or Section 1256. With the latter, you report gains on Form 6781 and can split your gains: 60 percent at the long-term rate (15 percent as of 2013) and 40 percent at the short-term rate (your own marginal income tax rate) -- no matter how long you held your position. Under Section 988, you report gains and losses as interest income or loss, with any gain added to your ordinary income from other sources. You can opt out of Section 988 and select the Section 1256 treatment, but you must do so before you start currency trading.
In a nutshell, with automated software you can turn on your PC, activate the program and then afterward away while the software trades rather than you. This is the fundamental rule. The purpose of our article is to tell you more about the aspects of automated software so that you will be able to select the best automated Forex trading software in accordance to your requirements.