This Easy Forex review takes a detailed look at the brokerage services offered by this popular Europe-based broker.

Let us take the small print first because when you are considering signing up with a broker, your first task must be to test how long they’ve been established and whether they hold membership of any regulatory bodies. The majority of our information comes from the company’s internet site but we have checked up on some info independently. However , changes may happen without warning and you must always do your due groundwork before investing with any money service.

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

the corporation’s registered address is in Cyprus, which is a member of the ECU, but as forex brokers they are controlled in many different countries. They are 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.

Thanks to the high level of regulation in countries like the US and EU with stern financial services legislation, they do require evidence of identity before you can withdraw. To avoid delays when you desire your cash, get the paperwork fixed as fast as you sign up.

All major currency pairs are offered. In addition Easy Forex allows trading on a {tiny low} number of commodities such as oil and gold. Currency pairs and commodities can vary depending on your area, so check out the web site for what is provided in your neighborhood.

Tools include the usual range of charts, a finance calendar showing upcoming business indicators, Reuters reports feed, IRs and currency rates, plus SMS alerts for certain events. As well as viewing your own account, you may 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 .

Additionally they offer coaching in technical research through webinars, videos and live one-on-one training.

There is also a demo trading methodology called the Trade Simulator, so you can become familiar 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 certain to spend a little time in the Trade Simulator before going live.

Easy Forex make their money through the spread, with no upkeep costs and no fees on deposits or withdrawals. Current spreads are shown on the website. Spreads are reasonably high but this indicates that the spread may truly be their source of income so they haven’t any need to trade against you as some market makers do.

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

We have checked user feedback across the web and it is really positive for a broker with ahuge massive high} number of amateurs among the customer base. Easy Forex are praised particularly for their beneficial and friendly buyer service, which sets them above many comparable brokers.

One or two users have been unpleasantly surprised to receive margin calls on their cards. Margin calls are less commonly found in currency exchange than in stock trading but they can occur and beginners are commonly not prepared for this. You can stop unexpected charges if you deposit your funds by bank wire transfer. This takes longer of course, 3 to a few days is normal, but you will always be in a position of approving any future payments. Of course you may still have responsibility for a margin call and you should be using stop losses anyway to ensure that a losing trade will not even come near to threatening your whole balance, but we will all make mistakes and infrequently with small accounts this is difficult. Using wire transfer will avoid surprises.

This is a well established and regulated forex market maker with a large range of services and good feedback from current users. A sensible choice for day traders, especially for newbs or those wishing to move from another mini foreign exchange account broker. On the basis of this Easy Forex Review we can highly recommend Easy Forex.

The deregulation of the Forex market, now offers small investors and traders the chance to trade the Foreign Exchange and this has generated a huge rise in automated Forex trading systems. These provide the home based trader with a ‘set and forget’ trading system, where the trader installs a Forex program onto their brokers charting system, selects their parameters and the robot takes over. ..well that’s the theory.

Many are wishing for this Holy Grail, and though there are some very interesting Forex robots on the market, extensive testing by experienced traders has highlighted inaccuracies in the claims made by the vendors.

Most of the Forex products sales claims are based on historical ‘back testing’ results, not live account testing and depending on what broker software you are using and the accuracy of the historical charts you obtain, these will and do vary wildly. We have never yet been able to mirror the results offered on a sales page. Some Forex robots we have evaluated were quite brilliant at destroying our demo account, so tread very cautiously.

Demo accounts also have the reputation for producing much better results that live accounts. Demo accounts will always fill a trade, whereas live accounts are subject to a variety of uncontrollable variables like spread variations, slippage, and liquidity, plus broker quirks and lot sizes, just to mention a few influences. So taking this into consideration, if a Forex robot cleans you out on a demo account, how do you think it will go live???

Much as I would love to, I am not going to list the Forex Robot failures, to put it simply, I don’t want to get sued!

How does an automated Forex trading system work?

Simply, an automated Forex trading system reads and interprets its own series of indicators, then determines entry and exit strategies based on its analysis. It trades automatically, based on risk management parameters and tries to make a profit. It will also close the trade, either based on a profit margin or a stop loss position.

Most of the modern Forex robots require Metatrader4, which is a very common trading platform and they should have narrow trading spreads, often 2-3 pips, occasionally up to 5 pips. It is not unusual for a robot to “bed down” before they begin trading. Some Scalp, which is grabbing small quick trades and others trade over extended periods and all will have loosing trades. You need to make sure the trading software has stop loss strategies built in, some don’t, so double check!!

This is another way Forex robots make their paper profits look good. Without a stop loss strategy, they allow uncontrolled draw-downs, keeping the trade running until it reverses and comes into profit. If the draw-down is huge it can also wipe you out since you may not have the money in your account to hedge the loss, so your broker will close your account.

If you don’t have the time to day trade and want to use automated Forex trading, there are a couple of Forex robots we use, these two robots are constantly updated by their developers, so we constantly monitor their performance and keep them up to date, it’s all part of our trading management strategy for automated Forex robot systems.

To find out more about these Forex Robots, we review them on our new Blog, you will also find other Forex Trading Tools.

On commencing my foray into trading Forex markets, I knew that fundamental analysis was not for me, but interpreting charts and their patterns was something I could get my head around. Search ‘Technical Analysis’ on the net and you will be lost for choice with what’s available, but after much digging and researching I found Top Dog Trading..

What helped my decision to take this course to learn Forex trading?…. A variety of things besides the absolute necessity to improve my trading and to halt my run of losing trades; was that I understood what Dr Barry Burns was saying on his website and a significant amount of the teaching is supported by heaps of videos which makes it much simpler to get your head around. The other essential criteria for me is the experience of the teacher and creator of the training materials. Barry’s CV is superb, a business man who trades professionally, he is also a accomplished speaker and writer.

So I signed up for his free 5 video course to see if I could learn from his teaching style.

Before this, I had studied several other courses on technical analysis for Forex trading but cannot say that I really gained the understanding of trading that would help me trade successfully, all this changed once I came across Dr Barry Burns, I now feel confident that I can make the business of trading a success.

With Barry’s courses I have not only become comfortable in how to execute his methods but also embraced a far deeper comprehension of the Forex market & the charts and probably more importantly the money management and personal attitudes that are so intrinsic to becoming a profitable Forex trader.

In his Forex program Barry details the analysis rules simply and clearly, then gives actual chart examples with all their erratic moves showing how to apply the rules for positive trades. This is all explained via a vast selection of videos.

Provided you follow the principals Barry explores, you will end up with a good ratio of wins to losses with tight control on the losses, so when one does a trade that goes against you (which even the best traders do) the financial pain is not too severe.

Barry’s tutorials are the best Forex trading courses that I have found and I would highly recommend that you give his FREE course a try. This course has 5 videos that walk you through some of the most powerful Forex products I’ve ever come across.

I have completed the course, loved it, and learned a lot from it and have progressed to Barry’s more in-depth courses. My wish to learn Forex trading will never again produce the losses of the past.

Try the Free 5 Day Video Trading Course for yourself.