How to Choose a Forex Broker

Choosing the right Forex broker can be an overwhelming task especially for beginners.

After sharpening your learning trading skills, you need to find a reliable Forex broker. A Forex broker operates as a bridge between retail traders and liquidity providers (commercial banks, central banks, hedge funds, etc.). It is very important to select the right broker.

Here are some basic tips when choosing a Forex broker:

DEMO ACCOUNT

The vast majority of Forex firms offers a demo account to all new clients. This provides a good chance for understanding how the system of opening/closing positions actually works. Moreover, a demo account is also important for testing the trading cost (spreads) and the actual slippage on order execution.

→ Offering a Demo/Practice Account

RELIABILITY AND REGULATION

Retail forex trading is an OTC industry and that means there is no centralized control over the operations of every participant. However, Forex brokers will be forced to follow some rules as long they are regulated by a reliable authority. Here are some key points towards ensuring the reliability of Forex brokerage services:

→ Headquarters country

→ Regulated by a reliable authority (for example FCA UK)

→ Client account segregation (separating client funds from operating funds)

Read more: How to Choose a Forex Broker

Improve your trading with forex signals

Keeping an eye on the markets all the time can be tough. With so much going on across the many currency pairs throughout the day, it is often hard to pick which trades to take whilst sticking to your risk and money management rules. Forex signals can be very helpful in this regard, as the decision making is removed from the process: all you have to do is stick to your money management rules and execute trades as you receive the signals.

Premium signals vs free signals

Generally speaking, paid signals from an experienced research firm are going to be of much higher quality than anything you get for free. If a provider's signals make money, why would they give them out for free? On the other hand, sometimes you can get access to premium signals for free just by choosing the right broker or introducer.

Free premium forex signals with Vantage FX and Trading Central

Vantage FX is pleased to announce a partnership with trading research firm Trading Central. All live MT4 and MT5 account holders who deposit more than $1000 can now get free premium forex signals delivered to your inbox daily. The Trading Central daily research emails provide invaluable market insights and technical trading opportunities and put you a step ahead of other traders relying on intuition alone.

Read more: Improve your trading with forex signals

Different Binary Options Trading Strategies

In a previous article, Trading Center presented readers with the basics of binary options trading. The article touched on the technical and general rules for trading binary options. Now, let's delve a bit deeper into binary options by studying different trading strategies that you can use for your sessions.

The Basic Options Strategy

This style is one of the most utilized strategies by binary options traders and for good reason. With basic options strategy, traders are protecting themselves from incurring a lot of losses. This strategy is about picking an underlying asset or a Forex pair and then waiting for any market movements of the strike price. If the prices are heading up, investors place a call option.

Let's use the USD/EUR currency pair for this example. Say that this pair is predicted to hit 1:3000, and you get $100 if you're right. You place the call option, which will expire in an hour. The payout is 70% if you win and 30% if you lose. Say in the first 30 minutes, the price of the USD/EUR pairing hits 1:3016. This is good so you buy a put option for the same pairing at 1:3016 expiring in the next 30 minutes. In this case, there are two possible outcomes when your binary options contract expires.

First outcome: your one hour call option wins, and the 15 minutes put option will lose. If this happens, you'll earn $170 from your 70% call earnings, and a 15% refund from the put option that lost. Of course, the reverse can always happen, meaning you only win 30% of your capital and a 15% rebate from your call option.

Second outcome: this is the best scenario because both your call and put options were predicted correctly. You will get $340 in total ($170 x 2).

It's impossible to lose in both scenarios so you're only risking the loss of $15 during your sessions.

Read more: Different Binary Options Trading Strategies

FreshForex has been operating in the Forex Trading industry since 2004. The company continues to grow by improving its trading conditions and by offering more trading instruments. All this in combination with a reliable customer care contributes to the rapid development and brand awareness in the wide trader’s community. According to news agency Interfax, FreshForex is among the top ten brokers working in Russia between 2011 and 2016.

FreshForex provides a whole range of Forex Trading services

□ Forex, CFDs, and Binary Options trading;
□ Real and Demo Accounts;
□ Daily market analysis on the major currencies and the most popular trading instruments;
□ Fast and secure financial operations;
□ Different account types, including professional ECN accounts;
□ No leverage decrease in ECN accounts over the weekend;
□ Special VIP program for online trading;
□ Flexible and robust currency risk hedging mechanism — Smart Bridge Technology (SBT);
□ Free webinars and trading fundamentals training in simple words.

Regulation and Client Acceptance

FreshForex is regulated by the CRFIN (Centre for Regulation in OTC Financial Instruments and Technologies in Russia). FreshForex accepts traders from all around the globe, except Estonia, Iraq, Latvia, North Korea, UK, and the USA.

Read more: FreshForex