Forex blog for traders

One of the most ignored trading costs is swap rates on leveraged overnight positions. Depending on the trading strategy, it may become the most significant fee per trade. I always recommend that traders check them before evaluating the total trading costs.

Forex blog for traders

So, it is more convenient and easy to identify investment objectives level. Technical analysis is further divided into indicator, graphic (analysis of trading levels and trading patterns) and wave analysis. To evaluate brokers, we test the accounts, trading tools and services provided. Over 100 data points are considered, from minimum deposits and trading fees to the platforms and apps available. Our broker ratings are also informed by the experience of our researchers during the evaluation process. Another benefit related to the European Union’s financial markets regulations is the negative balance protection feature that applies to both account types.

LiteForex Europe vs Other Brokers

This company is a registered broker operating from Cyprus, an EU member state located in Southern Europe. As such, all trading and client activity is regulated by the Cyprus Securities and Exchange Commission. As noted above, this jurisdiction offers investor compensation up to EUR 20,000 on non-professional trading accounts in the event of brokerage liquidation.

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The Cyprus Investor Compensation Fund covers all retail trading accounts (for those not belonging to professional or institutional investors) against broker liquidation to a maximum value of EUR 20,000. In LiteFinance trader blog, there are also video overviews with eur usd forex forecast and other currency pairs. Overall, LiteForex is an excellent proposition for both beginner traders and professionals thanks to its range of account types and the wealth of financial information available to account holders. Private investors focusing primarily on forex pairs while appreciating transparency and competitive pricing will benefit, especially from this broker’s offering.

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The forex copy system also lets you duplicate the positions of experienced traders. This broker provides a reliable and engaging copy trading facility that functions as a social media network. Users can view the trades carried out by top-ranked account holders and imitate their winning strategies as they aim to increase their performance daily. Along with the above topics, trading blog covers many other additional complementary issues of trading for professionals – money management rules, risk management system and trading psychology.

Best Investment Plans on Forex

As per CySEC regulations, the use of incentivised trading via bonuses, contests, rebates, etc, has been restricted to protect retail investors. Funding is available via bank cards (Mastercard or Visa) and e-wallets including Skrill and Neteller. Fees are reimbursed for all local deposit methods and are processed instantly. The minimum amount for deposit or withdrawal is $1 for e-wallets and $10 for cards. Since starting in 2008, LiteForex Europe Limited has earned a strong global reputation, with over half a million clients.

  1. It is also worth mentioning that different instruments have different natural spreads, so on the ECN account, AUDUSD will start at 0.5 pips while USDCHF will start at 1.2 pips.
  2. Funding is available via bank cards (Mastercard or Visa) and e-wallets including Skrill and Neteller.
  3. The authors of articles in Forex Trading Blog are active traders, economic observers, and popular analysts.
  4. LiteFinance does not provide any of the necessary third-party add-ons to unlock the full functionality of MT4/MT5 and improve the trading environment.

The minimum deposit required to open ana account is $50, this will get you the choice of either of the account types. Once an account is open the minimum deposit drops to whatever the minimum of the method you are using, for instance, if using a credit or debit card the new minimum for top-ups is $10. The spread that you get depends on the account that you are using and the asset that you are trading. If we take AUDUSD as an example, on the Classic account it has a spread of 2.8 pips, while on the ECN account it has a spread of 0.5 pips. Both accounts have a variable (also known as floating) spread which means that it moves with the markets when there is a lot of volatility it will often be seen much higher than the stated amount. LiteFinance maintains a wide range of trading instruments, advertising 145+ on its website, offering 225.

Whatever the maximum limit is, we would not recommend trading over 50 lots as it can become increasingly difficult for the markets and liquidity providers to execute larger trades quickly and without any slippage. A combination of in-house research and third-party analytics by xcritical cheating Claws & Horns offers traders comprehensive market coverage and trading ideas. LiteFinance maintains a blog where analysts provide research and trading signals. Traders can use the training account free of charge to explore different strategies under real market conditions.

There is then some additional forex news and an exchange rate page where you can view live exchange rates. The only promotion on the promotions page is the fact that there are no deposit or withdrawal fees which is something we would expect from a modern broker anyway. The usual affiliate program is also available but we won’t go into details on that one, apart from that it does not appear that there are any other promotions or bonuses active at this time. It is also worth mentioning that different instruments have different natural spreads, so on the ECN account, AUDUSD will start at 0.5 pips while USDCHF will start at 1.2 pips.

LiteFinance trading blog is a popular and full source or regularly updated information, essential to trade successfully and improve your trading skills all the time. There are two different accounts when trading with LiteForex and each one has a different requirement and also different features, let’s take a little look at what is on offer. Most traders will deal with the primary unregulated brokerage from St. Vincent and the Grenadines. A CySEC licensed subsidiary exists for the EEA, the UAE, and the Marshall Islands traders. The brokerage operating from St. Vincent and the Grenadines remains unregulated. Traders will conduct all financial transactions from the secure back office of LiteFinance.

A higher degree of accuracy of forex forecasts for today and tomorrow is achieved due to analysis of price charts in long-term timeframes and strategy optimization using testers on historical periods. You can learn more about daily and middle-term forex forecasts based on indicators, by the best analysts and forex expert traders in LiteFinance trader blog. LiteFinance maintains the out-of-the-box MT4/MT5 trading platforms, but no introduction exists. LiteForex merely presents them as two buttons and clicking on them redirects to an account opening page. LiteFinance also offers a lightweight web-based browser with a user-friendly interface.

Traders considering availing themselves of the various benefits of a LiteForex account will want to weigh up the benefits and risks involved, bearing in mind that the company operates in a well-regulated jurisdiction. Liteforex (Europe) LTD provides services only to the residents of countries from the European Economic Area (EEA), the United Arab Emirates, and the Marshall Islands.Full list of countries is available here. LiteFinance Global LLC does not provide services to residents of the EEA countries, USA, Israel, Russia, and some other countries. There are a couple of calculators, mainly an order calculator and a Fibonacci calculator that can help you calculate trade sizes and Fibonacci to help with your trading.

There’s no risk of losing any money, as all funds in the demo account are virtual and uncapped. Registration for a demo account takes less than 1 minute via the Personal Profile and demo contests are also available. LiteForex is a good option for active day traders with variable spreads from 0.0 pips, daily analysis and high-quality training guides.

Available in 22 languages, the MT4 and MT5 mobile apps are suitable for iOS and Android (APK) smartphone and tablet users. The apps come with the same features as their desktop counterparts and allow for full-fledged technical analysis with custom charting tools and trade execution capabilities. Read Forex opinions, chat with professionals and colleagues, learn, and take your trade to the next level! LiteForex Traders’ Blog is an independent source of useful information about the financial world. The authors of the articles are practicing traders, economic reviewers, investors and LiteForex partners. The blog format will allow you to discuss the articles and ask the author relevant questions.