Sun, 13 May 2012 18:23:00 +0400
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If you have been around for a while, you probably know that the Masterforex-V Academy team have been working hard for years to help you in various aspects of trading, including unbiased ratings for Forex brokers, which can be a decent guideline for those seeking a reliable partner. If combined, those ratings are capable of showing us the overall picture of the present-day Forex industry with their leaders and underdogs, winners and losers.
In order to start trading Forex via a micro broker, traders don’t have to boast thousands of dollars as their trading capital. This is the biggest edge those brokers have when it comes to the beginner level of FX trading. Indeed, few rookies can really afford to start trading big right off the bat. However, it is not recommended to start big if you are just getting your feet wet in trading financial markets. This is where cent brokers (or micro brokers) come in handy. They allow rookies to trade currencies and improve their skills while more advanced traders can test their strategies without having to risk big money.
No matter whether you are a beginning or an advanced trader, at some point during your trading career you have to choose an FX broker. And when choosing it, you obviously want to choose a reputable broker.
How to choose a reputable Forex broker and avoid fakes and scams? Indeed, this should be an honest and client-oriented company since the trader is going to trust his/her money with it. If to ponder upon it for a minute or two, it becomes clear that there is no such thing as a universal pattern for choosing a reputable FX broker. The thing is that all traders are individualities with their own sets of aspirations, requirements, ambitions, rears and interests. Therefore, the parameters they take into account when choosing a reliable FX broker to go with vary from trader to trader. Still, there are some cornerstones that should be typical of any decent company working in the industry of retail FX brokerage services.
According to the Bank of Japan, there is no point in easing the monetary policy at this point. The central bankers assume that the inflation rate is going to hit the target only in late 2016 – early 2017. Therefore, they say it is necessary to focus on the price trend.
According to the latest CBI report on the UK's retail sales, the mentioned retail sales are slowing down in November. The analysts assume that this is a temporary phenomenon as the forthcoming Christmas shopping fever is going to fix the problem thanks to multiple sellouts.