Bank of Russia to block websites of unregulated forex brokers

The financial regulator in Russia has decided to tighten the noose on unlicenced companies dealing in forex, it seems. The regulator will block the websites of these companies. This is according to Artem Sychev, the Deputy Head of the Central Directorate for Security and Information Protection at the Central Bank of Russia (CRB) during an interview with the news agency TASS.

Continue reading Bank of Russia to block websites of unregulated forex brokers

Best Hours for Trading the USD

The most attractive point about forex trading is that a trader can trade for all 24 hours of the day. However, all these hours are not the best times for the trader to trade currencies. The best times to trade the currency pairs are when they are active and there are many transactions that occur. As an example, the EUR/USD pair is most aptly traded during certain hours when there is sufficient volatility in the market to generate profits that are more than the commission that is charged.

Continue reading Best Hours for Trading the USD

Forex Vs. Binary Options Trading

Online trading has risen in popularity in recent years. Most of this trading done online is centered on forex trading and binary options trading. Many new traders face the choice of which type of trading they will do. Some people may even consider futures or stocks, but this type of trading involves more capital, which is why the binary and forex markets are popular as the average person can more easily access these markets.

Continue reading Forex Vs. Binary Options Trading

Trusted Forex Brokers

When it comes to trusted forex brokers it can be a bit difficult to truly know which ones are reputable and which ones are not. Many online forex traders may look trustworthy as they have great websites that look professional and the brokers make great promises. There is a wide range of forex brokers that are highly reputable and trustworthy to those that engage in pricing that is questionable as well as order execution practices and in some cases outright fraud.

Continue reading Trusted Forex Brokers