Forex Broker Comparison
|Broker||Stars||Bonus||Min. spread on EUR/USD||Regulated||Languages|
|50% first deposit bonus – Current Bonus
50% reload bonus – Current Bonus
|1 pip||UK, Cyprus||»Support languages||» Sign up» Read review|
|Award winning, high reputation, low spreads.||from 1 pips||Australia, Estonia||»Support languages||» Sign up» Read review|
|Top 10 Forex Broker||3 pips||RAFMM (Russia)||»Support languages||» Sign up» Read review|
|Miscellaneous||from 0 pips||No||»Support languages||» Sign up» Read review|
|100 $ deposit = 50 $ bonus300 $ deposit = 100 $ bonus, etc.||from 0 pips||Ireland, Japan||»Support languages||» Sign up» Read review|
Forex-Nordic.com is reviewing online Forex brokers, right now we have more than 140 reviews on our site and the best ones are shown in the table above. Forex trading can be very profitable and attractive for individual traders. Forex is the name for the largest financial market for currency exchange in the world. The characteristics of the Forex market allow very high profits in short periods of time – the possibility of high losses is always present, too. Trading is possible 24h a day, starting with the business day in Sidney and moving on to western financial centers in Europe and North America. The daily turnover of this market amounts to $30 trillion, a market of unexampled liquidity.
The principle of how to make money with Forex trading is easy and well known: Buy cheaper – sell higher. So the success of the trader is based on the expectation that the price for a currency (the exchange rate) will change in a certain way. It’s not easy to predict future price of a currency, but often even small changes can provide the needed profit. Currency exchange rates get affect by a lot of different factors, effective sources of information are necessary to minimize the risk of unexpected losses. The currencies are always priced in pairs of two. The most important one is the EUR/USD pair, which is the one with the biggest trading volume. Base currency is the term for first currency; the second one is called quote or counter currency.
There are two approaches of analysis to predict the outcome of a trade, the technical and the fundamental analysis. The first one concentrates on the past time analysis of trading results and graphics. In this way the technical analysis tries to predict future market movements by using data from the past curve of a currency. Certain patterns and mathematical models play the main roles in method.
The fundamental analysis studies the influence of factors like for example politics, general economic data, government decisions and natural disasters. So the main difference to the prior mentioned technical approach is that the fundamental analysis tries to find the reason for a market movement to predict future changes of a currency rate.
It is believed that the fundamental way is more accurate for predicting the long-term trends of a market. For short-term trading or day-trading, the technical analysis is found to be more successful, as the fundamental method takes a lot more time to recognize and consider events which influence a currency rate.