Forex Broker Reviews and Comparisons

Hello there everyone, found a few sites that will help you find a Forex Broker that’s right for you. Even if you have a broker already, you can use these sites to review your current one or find a better one. Personally, I think I might try out a couple of MT4 (MetaTrader4) compatable brokers from these lists by opening up mini accounts for $250 or less and test out some indicators that I want to try live, but don’t have the nerve (or stomach) to try with big lots. I don’t see anything too risky about this new approach, the initial investments I can easily part with if the markets don’t go my way. Let me know if this is too foolhearty, even if I trade mini lots. just know testing out these expert advisers out, they will be 3:1 win to loss, and losses always smaller than gains, historically. I’m interested in seeing what the spreads will be like, alot of these brokers keep that under wraps unless you ask. Read more

Forex Broker Reviews

Found another great site that Reviews Forex Brokers of all types. The makers of this site really did their homework with collecting info on all of these Forex Brokers. The site is set up with some sort of content management script that allows you to search for Forex brokers that accept E-Gold, Forex Brokers that Use MetaTrader4 as a platform, ECN Forex Brokers, and gives commentary on the pros and cons advantages and disadvantages to every Forex Broker in their system. This is not in list format with comparisons side by side, so you’ll have to do your own digging into this site to compare and contrast, if you do need side by side comparisons I suggest you try out Forex Broker Comparisons .com.  But if it’s more in depth information and details, check out EARN FOREX, whom I don’t believe is too biased, although some brokers they review do offer affiliate programs, which I’ll go into later in this post, the info is very straightforward, hard to bend the truth with such things like Operating Since or Max Leverage.

Earn Forex also has great Forex informational material throught many sections, including a very informative “FOREX FOR DUMMIES” section, no relation to the book. They go over Forex Basics including Fundamental Analysis, Money Management, Technical Analysis, Psychology and finding the right broker. They also have some really useful tools to help you trade without firing up your trading platform including a Fibonacci level calculator, just enter the swing high and swing low, and you get possible levels the currency pair might move to; a pip value calculator if you want to know a price of a single pip for any Forex traded currency. A pivot points calculator helps you find pivot points in four different systems which are Floor Pivot Points, Woodie’s Pivot Points, Camarilla Pivot Points, DeMark’s Pivot Points; the significance of each is explained on their site. Last but not least, they offer quite a collection of MT4 Expert Advisers and Indicators for you to download; now I’m not sure the legality of this, I’ve tried to look to see if it is alright to repost Indicators and EA’s on my blog here but found no answer (if you know please comment back). At any rate, they explain in pretty good detail what each Expert Adviser and Indicator does/means/ tells you about the Forex Market.

BUT, they go on to excxlusively endorse Forex Brokers to beginners that I know all have affiliate programs and in turn, Earn Forex “earns” anywhere from .1 to 1 lot per trade you make (not exactly sure how much. but they get a cut). So, there’s alot of earning going on, but I do not see any innaccuracies in their info, they simply recommend them for beginners. I still like Earn Forex as a great resource for basic facts about Forex Brokers, which ones offer what, etc. If you have a need to find out some really good information on brokers check out EARN FOREX TODAY!