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Binary Options vs Forex Trading – Dollars & Sense
Taking even a quick glance at any of the five soon to be six binary options platform providers and one of the first things you’ll notice is that they are all highlighting “all in one” front to backend systems. This includes building out of clients websites, end user platforms, payment systems, CRMs and CMSs. Overall, the binary providers want you to know that time to market with their offerings will be quick and easy. In addition, binary providers have also been enhancing their platform interfaces and adding easier a diverse set of trading options and shorter time horizons for trades. These features are aimed at simplifying the understanding process of the product for customers. Binary options providers are using these features as selling points, and are marketing the increased conversion rates that their offering yields.
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Japanese Candlestick
30Japanese Candlestick What are Japanese Candlesticks? Japanese candlesticks show price movement between two currency pairs. Let’s take a detailed look into learning more about them… What does Candlestick Trading
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Fundamental Forex Analysis
At one point or another, you have likely heard of Fundamental Analysis. We gave you a teaser of fundamental analysis earlier and now let’s get to the heart of the subject! Whenever somebody mentions fundamentals, they are referring to the economic information about the country that the currency is associated with. The fundamentals cover a wide range of information from economics, to politics, and even the environment. Fundamental analysis is studying all of that information and using it to predict what will happen in the future of the country and the price of its currency. It’s the study of the world around us, mainly things like unemployment, inflation, and the economic growth. Basically, it pertains to everything going on that has a large enough impact to affect the currency price.
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Fundamental Analysis
30Fundamental Analysis Fundamental analysis is important in the Forex world because you get a look at the economy while looking at the trades that you make as well. You have
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Currency Charts
30Different Styles of Currency Charts Let’s have a look at the three most popular types of trading charts: The three most prominent types of charts are line charts, bar charts,
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Trading Time Frames
Knowing how to analyze the different time frames can become handy when trading in the Forex market. It is a simple process, even though it sounds more complicating and confusing than it is. It is the process of looking at the same pair and price, but looking at them using different time frames on the market. A pair can exist on a number of different time frames which include the daily, the hourly, 15 minute, and even the 1 minute time frame. Different traders are able to have different opinions and feelings on how a pair is being traded because of the different time frames. What’s more is that all of the traders can be correct on their opinions. Since the times basically meet at a certain point, even though one is trading on the 4 hour chart, the other trader might be on the one minute, and in this case they can both be right because of the hours difference and the changes in the up and downs for the trade.
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Currency Brokers Types
You want to ensure that you choose the right type of broker. In order to know how to go about doing this, you have to know what types of brokers are actually out there. You have to take your time, and research all of the available options to know which would be the right one to go with. You cannot just base your decision on the first one who comes knocking on the door. Out of all the broker types out there, there are always two main types of brokers to choose from. These two types include Dealing Desks or DD, and No Dealing Desks or NDD. DD’s can also be referred to as Market Makers. NDD’s are subdivided into even further groups such as Straight Through Processing or STP, or Electronic Communication Network and Straight Through Processing or ECN+STP.
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Clocks of Forex Trading
You want to know the best time for trading, and which times you might want to stay away from it, when the time comes to get that money out there. Since the Forex market is open for 24 hours a day, this does not mean that you have to be on there at all hours that it is open. It also doesn’t mean that the market is active during those times. You have to find out the best times in order to make the money you want. You can make money in two different ways – by having the market move up and by having the markets move down. You will not, however, make money when the market does not move at all. The market will be still at times, and knowing those times is essential to knowing when the best time is to trade at.
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Choosing a Currency Broker
30Choosing a Currency Broker Sifting through a large number of brokers is tiring, and makes you restless since the Forex trade market is widely used and known. It is also
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Breakdowns of Forex Time Frames
Everything that you do depends on you and your level of comfort when it comes down to making the trades and breaking the entire time frames down to fit what you want, when it comes to the market. If you like to take things slow and then find out that some of the longer time frames might be the best thing for you to trade on, or if you cannot sit still then maybe you should try out the shorter time frames. It all depends on what you can handle and what does not overwhelm you. There are differences for each time frame, and below there is a chart that shows each difference for each of the time frames:
