The Currency Strength Index shows how major currencies perform against each other in real-time. You can see at a glance which currency is on the rise and which one is declining, thus giving you valuable information about buying and selling pressure. To avoid volatility bias, Currency Strength Index is using sophisticated calculation algorithm, which makes it a reliable tool in the decision making reading forex quotes of every trader. The Currency Strength Index is calculated in real-time, on every tick.
The calculations are based on the 1 minute time frame. The colored indicator bars and percentage values for each currency are updated automatically every 5 seconds. It is relatively easy to find articles about trading systems that achieve positive long term historical results on highly liquid Forex pairs. However this becomes more difficult as we move to more exotic pairs since trading costs generally make the development of profitable trading systems for these symbols harder. The entry and exit rules are shown below.
Forex Pivot Point Calculator Use our free Pivot Point Calculator to better understand the fluctuations of the currency market. The pivot point calculator is a simple too to use. All you have to do is enter the opening, closing, high and low points from the previous business day and the pivot point calculator will calculate the pivot points. A pivot point is simply the point at which the current trend changes upward or downward. That is to say, if the trend had been rising, at the pivot point, the trend would now be descending. The benefit of the pivot point calculator should be obvious. Being able to see trends over time can help to more accurately predict future trends.
In addition to the pivot point calculator it would serve you well to keep abreast of the latest news and world happenings to give you a fuller picture of the reasons behind the market fluctuations. While clearly this calculator cannot predict the future, having a detailed record of the past can help to predict future fluctuations. Watch our step by step video presentation. An introduction to the ICTS foreign currency trading platform. Gathered from his years of experience, Campbell brings to this portal his expert advice in currency trading, useful tips and tricks of the trade that will prove valuable to new and seasoned traders alike. Campbell’s strategic skills and know-how will is designed to help trades reduce risks and capitalize on opportunities. Updated quotes, trading charts and free currency conversion tools will help traders master the world of online currency trading.
Forex trading 101 or the introduction to forex trading enable us to know how forex works and how to make money with currency trading on forex. Our free Forex Currency Converter gives you accurate and instant foreign currency conversions. Stay on top of the Forex market with our foreign currency converter. Use our free Forex Pivot Point Calculator to better understand Forex market trends and predict trends before they happen. Use our free Forex Margin Calculator to help you make better decisions with the Forex market.
Watch our step-by-step Flash tutorial of the ICTS trading platform. IMPORTANT: For our 2018 Forex Broker Review we assessed, rated, and ranked 43 international forex brokers. Over seven months, we spent hundreds of hours collecting over 6,000 data points. Each FX broker was graded on 148 variables. Trading with the right forex broker is critical to success in the international currency markets. As a currency investor, you may have specific platform, tool, or research needs that should be met.
Understanding your investment style can help determine which FX broker may serve as the best forex broker for you. In each individual FX broker summary, we highlight where each broker stands overall and against its competitors. Best FX Brokers for Forex Trading Here’s a breakdown of some of the best foreign exchange brokers available for online fx trading. Saxo Bank finished 1st in our 2018 Annual Review of 43 brokers.
Its competitive pricing, access to a wide range of markets, multiple regulatory licenses, and innovative trading platforms provide forex traders around the glove an all-around excellent offering. Rated as our Most Trusted Broker of 2018, IG Received 5 Stars and second overall in our 2018 Review. In total, IG placed Best in Class for seven of the eight review categories. Fees as well as Active Trading and provides traders access to the most currency pairs of any fx broker. 5 stars Overall and finished Best in Class in seven main categories. The firm’s parent company, GAIN Capital, remains one of the largest forex brokers in the United States and caters to global forex traders of all experience levels. 1 for Professional traders, Interactive Brokers is known for its diverse offering of investments.
Founded nearly 40 years ago, clients can trade on more than 120 market centers in 26 different countries, and deal in forex, CFDs, stocks, options, ETFs, futures, bonds, and more. 1 for Customer Service and Platform Technology in our 2018 Review. The broker’s thinkorswim platform provides one of the most powerful charting applications, offering nearly 400 technical indicators. Fees, Research, Social Copy Trading, and Active Trading.