Easy-Forex Review

In this Easy-Forex review, we will check out the brokerage services offered by this popular Europe-based broker.

Easy-Forex Review: Can You Trust Easy-Forex?

I am going to look at the fine print first because when you are considering signing up with a broker, your first task must be to check how long they have been established and whether they hold membership of any regulatory bodies. Most of my information comes from the company's website but I have checked up on some information independently. However, changes may occur without notice and you should always do your due diligence before investing with any financial service.

Easy-Forex is an international broker. They have separate websites for traders in USA, UK, Australia and rest of the world. They have been in business since 2003 and have offices in 9 countries including the USA, UK and Australia. The company operates as a foreign exchange 'market maker' offering trading services to residents in over 150 countries.

The company's registered address is in Cyprus, which is a member of the EU, but since they have offices elsewhere too, they are regulated in several different countries. This is a very important point when it comes to credibility and it means that your money is safer.

Easy-Forex is registered with the CCFC and NFA in the USA, the Cyprus Securities & Exchange Commission to cover the EU, and they hold an Australian Financial Services Licence with the Australian Securities & Investments Commission. So this is a well established international broker.

Because of the high level of regulation in countries like the US and EU with strict financial services legislation, they do require proof of identity before you can withdraw. It is a point in their favor that they take these things seriously. But to avoid delays when you want your money, get the paperwork sorted out as soon as you sign up.

Easy-Forex Review: Tools And Services

All major currency pairs are offered. In addition Easy-Forex allows trading on a small number of commodities such as oil and gold. Currency pairs and commodities can vary depending on your region, so check out the website for what is provided in your area.

Tools include the usual range of charts, a financial calendar showing upcoming economic indicators, Reuters news feed, interest rates and currency rates, plus SMS alerts for certain events. As well as viewing your own account, you can also broadly see what other traders are doing on the platform: which are the popular pairs, whether most traders are taking long or short positions, etc.

There is also a demo trading system, called the Trade Simulator, so that you can familiarize yourself with the platform and test systems. The platform may take some getting used to if you are switching from another broker who uses MT4. This is very different. Be sure to spend some time in the Trade Simulator before going live.

In addition they offer training in technical analysis via webinars, videos and live one-on-one training.

Easy-Forex Review: Minimum Account Balance

Easy-Forex offers four types of account:

Mini: $200 initial deposit, $5,000 minimum position size
Gold: $500 initial deposit, $50,000 minimum position size
Platinum: $5,000 initial deposit, $250,000 minimum position size
VIP: $10,000 initial deposit, $500,000 minimum position size

These figures may vary depending on your location.

This is a reasonable minimum account size, catering for beginners who intend to take their trading seriously. Some brokers will let you start with even less but be wary because sometimes a bad broker will try to hook in clients by offering small starting balances. It is better to trade in demo with a good broker until you are ready to open an account of a reasonable size.

Easy-Forex Review: Costs

Easy-Forex make their money through the spread, with no maintenance fees and no fees on deposits or withdrawals. Current spreads are displayed on the website. Spreads are fairly high but this indicates that the spread may genuinely be their source of income so they have no need to trade against you as some market makers do.

Rather than charging interest, they charge a fee on day trading deals that are held over to the next day. Avoid this by not opening trades right before midnight in their time zone (GMT +2).

Easy-Forex Review: User Feedback

We have checked user feedback across the internet and it is very positive for a broker with a high number of beginners among the customer base. Easy-Forex are praised especially for their helpful and friendly customer service, which sets them above many comparable brokers.

One or two users have been unpleasantly surprised to receive margin calls on their credit cards. Margin calls are less common in forex than in stock trading but they can happen and beginners are often not prepared for this. You can prevent unexpected charges if you deposit your funds by bank wire transfer.

Bank wire transfer takes longer of course, three to four days is the norm, but you will always be in a position of approving any future payments. Of course you may still have liability for a margin call and you should be using stop losses anyway to ensure that a losing trade will not even come close to threatening your whole balance, but we can all make mistakes and sometimes with small accounts this is difficult. Using wire transfer will avoid surprises.

Easy-Forex Review: Summary

This is a well established and regulated forex market maker with a wide range of services and good feedback from current users. A good choice for day traders, especially for beginners or those looking to move from another mini forex account broker. I can highly recommend Easy-Forex as a good market maker broker on the basis of this Easy-Forex review.

Visit Easy-Forex website - click here

FibMaster Review: Successful Fibonacci Chart Trading?

In this FibMaster review we take a look at the series of videos developed by master trader Neal Hughes in the art of successful trading using the Fibonacci chart method.



What Is Fibonacci Chart Trading?

Fibonacci trading is based on taking advantage of reversals in price movements. The Fibonacci sequence of numbers was discovered by an Italian mathematician in the 12th century. It has various applications in mathematics and in nature, but the importance for financial traders is that the ratio between the numbers in this sequence can predict reactive price movements or retracements.

As you will know very well, after any significant upward or downward price movement, the price will tend to 'bounce back' at least some of the way. This is known as retracement.

Broadly speaking, currencies and stocks tend to follow patterns in which the retracement is usually around either 23.6%, 38.2%, 50% or 61.8% of the previous move. To understand which of these is likely to apply to a particular currency movement, you need a solid system based on a Fibonacci chart.

In trading, Fibonacci is a leading rather than a dragging indicator. This means that it predicts future price movements rather than analyzing past movements or averages. The future is what we need to know when we are trading, so this gives this method an advantage over other chart analysis systems from the get go.

Fibonacci Chart Trading For Forex

Fibonacci trading has been used to produce great results in stock trading for years. In fact, it has been described as 'trading voodoo' because its ability to predict retracements is so uncanny. Now there is a Fibonacci trading method that can be used to trade currency on the forex market as well as for stocks, options and futures. Neal Hughes' method can be used on all of these markets with equally solid results.

What You Get

With the FibMaster method you get two stand alone video training courses. The first is an introduction to Fibonacci trading and the systems that you can use. Following on from that is the advanced Fibonacci trading course. In total, 21 video tutorials are provided, totalling over 3 hours of training.

Subjects include: how Fibonacci trading works, advice on entry and exit levels plus stops, when to take your profit, day trading and longer term trading strategies, how to stack the odds in your favor, and more.

What You Will Need

You'll need a computer on which to watch the videos, of course, including sound. You will also need a trading account that provides Fibonacci charts. If this is not available from your broker, you can get it from any good forex charting service.

Level

Theoretically the FibMaster method could be used by a beginner. However, the examples focus on stock trading so you do need to translate to the forex market. That is very easy to do of course if you have a little experience, but a complete beginner might find this confusing. Equally, it does depend on chart analysis which some people find easier than others. If technical analysis does not come easily to you then you will need to put in some time, but Neal Hughes makes the learning curve as short and simple as possible. However, if this is an issue, Neal also provides daily videos of forex trading opportunities through his site at dailyforexcharts.com.

The videos themselves are clear and cover everything from the basics of Fibonacci trading to more detailed analysis that you will want to save for a later viewing. The beauty of this is that you can run with a simple technique if you wish or try it all in a demo account step by step, gradually adding to your system as you master more aspects of the technique.

If you have not tried trading with Fibonacci charts before, we think you will find this method a real eye opener. And even if you have, Neal Hughes will almost certainly introduce you to systems and tips that you have not seen before.

Guarantee

The product is sold by Clickbank who offer a full money back guarantee for 8 weeks from the date of purchase. So you can buy and try it out in your demo account for a full two months without risk.

FibMaster Review: The Bottom Line

So we highly recommend the Fibonacci trading system demonstrated in the FibMaster videos if you are looking for a new and profitable method of price movement prediction. FibMaster is the easiest and best way to profit from Fibonacci chart trading that we have seen.

Get the Fibmaster videos here!

Forex Made Easy: 5 Golden Rules Of Forex Trading

This article titled Forex Made Easy gives you 5 golden rules for easy forex trading. If you were looking for the lucrative trading system 'Forex Trading Made E-Z', please click here: Forex Trading Made E-Z




Is it possible to have forex made easy for you? You might not think so if you look at some of the information on the internet. You can get completely lost in charts, indicators, software platforms, fundamental analysis, commodity currencies and so on until you hardly know where to begin. But the principles of forex trading are really quite simple.

Currency trading is available to anybody with a high speed internet connection. It is a very special type of investment opportunity that offers the possibility of making a lot of money and becoming financially free. At the same time, it is very risky. People who are drawn in to start trading before they know what they are doing are likely to lose money.

Whether you are a beginner or a successful trader, you will need to take account of these 5 golden rules to increase your profits from forex trading.

1. Understand your forex system

You will need a profitable system to start trading on the currency markets. This is simply a set of rules that tell you when the market conditions are right for opening and closing a trade, what your position size should be, etc. There are many systems available online through ebooks and videos, or you can develop your own by trial and error using tips that you can pick up on websites such as ours.

But whether you figure out your own forex trading system or invest in one that is known to make money, you must test it for yourself in a demo account before you go live. This will ensure that you can make it work for you and it will give you a chance to fully understand how it works. You should not be risking real money until you are sure that your system works.

2. Be consistent

Once you know that your system is going to be profitable for you in the real market, you should have confidence in it and not be discouraged by the occasional loss or diverted by advertising for other systems. If you keep switching systems, opening trades based on your intuition or changing the rules of your system after you go live, you will only lose money.

3. Cut your losses

All systems will have a proportion of losing trades and you better be ready for them. The way to do this is to always have a stop loss that will be triggered to minimize your loss when things go against you. Never hold on, hoping that a bad trade will come good. Get out fast and wait for a better trading opportunity.

4. Learn from your mistakes

We all make mistakes and there is no point beating yourself up over them. However, make sure you learn from them before you forgive, forget and move on. Whether it was a distraction that made you enter the wrong figure in a box or a temptation that you gave into, it is worth making a note of what happened in your trading records.

5. Do not get excited

Forex trading can be an exciting business but it is very important to stay calm when you are trading. Early success may lead you to become over confident and start risking too much. Avoid that temptation. Early failures can discourage you and make you give up too soon. Do not let your feelings dictate your trading.

Be sure to put our golden rules into practice in your own trading. Then you will soon see how you can master the complexities of the market to find forex made easy for you.

Check out 'Forex Trading Made E-Z' now here:
Forex Trading Made E-Z

Ivybot Review

In this Ivybot review we will take a look at the new forex robot that has been turning heads and causing a stir since it hit the market in recent weeks. It had a lot of attention on its launch and there were plenty of people promoting it. But is it all hype?

Ivybot went on sale during the summer, traditionally the slowest month of the year for forex trading. This makes it a little difficult to evaluate. Many users did find that it had very few trades at first but that is not suprising during the summer months. If you buy it now you should find that it is more active.



How It Works

According to a webinar accessible on the website, Ivybot is a trend based automated forex system. It establishes trends based on H4 and daily charts, cross referencing with H1 for the timing of its trend following trades. It will use trend channels and two indicators to confirm and give a measure of the strength of a trend.

Ivybot is not just one robot but four. There is a different robot for each of the four currency pairs that it works with. USD/JPY and USD/CHF are the ones where you will probably see most action and more success.

As with all forex robots, you may sometimes wonder why it makes some trades and not others. This is particularly easy to criticize with hindsight. The signals are obviously complex. However, Ivybot does seem to manage trades well, adjusting quickly to adverse price action. If something unexpected happens, it will exit at the first good opportunity.


Settings

Ivybot comes with default settings which they recommend that you use to start. We would definitely vary this a little by including a hard stop. The robot does not have one by default and users report that it is quick to react when the price goes against it, but it is still not a good idea to leave yourself unprotected against system failure.

You will need to consider your own stop loss levels since these are not set by default. This is something that you should do based on your own risk comfort zones, but limit your risk to 5% of your funds at most.

Left to the default, Ivybot tends to go large on both profits and losses. Many people, especially beginners, cannot take the losses on an emotional level. This has resulted in some negative reviews from people who have only used it for a very short time, and panicked. So learn from their mistakes. Use it in demo mode to begin and set a robust stop loss level.

If you generally use very high leverage, i.e. over 200%, we recommend lowering that to 100% for Ivybot. This will again reduce your risk and give you a greater margin for error while you optimize the settings. This applies even if you are in demo mode. It is important to run your demo account as if it was real money, and not take bigger risks just because it's not real. If you do that, you will find that your demo experience is useless when you go live for real.

Guarantees

As with all robots, trade it on a demo account before going live. This is a Clickbank product with the standard Clickbank 8 week guarantee period. This means that you can use it on a demo account for 8 weeks without risking either any of your real funds or even your purchase price, which you can get refunded if it does not work out.

Recommendation

One mistake that many people make with forex robots in general is not to give them a fair trial. One loss and people give up. There is really no point in buying a robot or getting into forex trading at all if you have that attitude. All systems will suffer losses. You have to test them for several weeks in demo to have an idea of whether the losses will be outweighed by gains to give you a good overall profit.

If you are interested in forex robots then you will want to try Ivybot. Our recommendation is to test it thoroughly and put some thought into optimizing the settings on the basis that we set out in this Ivybot review.

If you are a beginner, you might get along better with FAP Turbo. Click to see an updated FAP Turbo review.

Forex Confidante Review

In this Forex Confidante review we take a close look at the forex trading system developed by professional forex trader Tom Strigano. Update: Forex Confidante is no longer available but you can access the 10 Minute Forex Wealth Builder here.

What You Get

Forex Confidante is a specific trading system that you apply yourself through your broker account. It does not rely on robots and you don't need to invest in any robot to set this up. You can test it out on a demo account before you start trading for real, which we would always recommend anyway with any system, however successful.

The system is available for instant download. Just be sure not to close your web browser after payment and you will reach a page where you can download the ebook which describes the system.

You can upgrade to get the Forex Confidante videos which give you a very clear introduction to the system. We recommend that you have a quick read through the ebook and then get the videos if you think you need them. Beginners will almost certainly want to see the system in action. The videos are easier for getting a grip on the basic system but the ebook goes deeper into the techniques.

User Feedback

Feedback on this system in the forex forums is very positive. Users report making good steady profits with it, provided you understand it fully and follow the golden rules that the author sets out. As ever, you can't expect a system to work if you don't stick to it, but there is a roadmap to success here for those who are prepared to follow.

It is well set out with a simple system for beginners to start, and much more in depth trading approaches for those who are prepared to spend a little time with it.

Support

Support is provided by the system's originator, Tom Strigano. Comments on independent forums reveal that he is very helpful, even providing telephone support where required. Obviously in the case where you get the answer from the man himself, you cannot expect him to be online 24/7, but as traders work online he's going to be around often and response time is quick.

The Downside

The main method described here relies on you being online at 8.30 am EST on business days. Most people living in the eastern US time zone with a regular job are going to be either at their desks or commuting at that time, and you might think that this rules it out for you.

However if you look deeper into Forex Confidante you will see that it is more flexible than that. The breakout method described could be used at pretty much any time of day or night. So do not let first impressions put you off here.

Of course you may live in another time zone where this timing is perfect for you. And even if you do want to follow the method of trading at 8.30 am to begin but the time frame doesn't suit your schedule, there are ways around the issue. For example you could hang out for breakfast in a coffee shop near to your office with your laptop on wireless and then head for your office right after you finish trading. Be creative!

Money Back Guarantee

The retailer Clickbank gives a no questions satisfaction guarantee for a full 8 weeks from the date of purchase. You can get a refund any time during that period by applying to them. This gives you plenty of time to get to grips with the system and work it in a demo account. If you are not making money with it, you can return it for a full refund.

The Verdict

An excellent system. To summarize this Forex Confidante review: get 10 Minute Forex Wealth Builder today, master it and follow it!