Here is the list of the top 10 Forex sites ranked by Alexa for 2018. It is an update of my old post:
1. Investing.com - technical analysis and real-time data streaming for the Forex, commodities, major world indices and futures. Includes trading and investment tools.
2. Forex Factory - forum that includes market calendar and news
3. Trading Economics - view, download and compare thousands of economic indicators
4. DailyFX - foreign exchange analysis, currency news updates, FX forum, currency forecasts and charts
5. FXStreet - real-time exchange rates, currency charts, news, market forecasts, technical analysis and a currency converter
6. Babypips - simple easy to understand guide for teaching beginners how to trade
This is a new update of my old post. As I said, Forex forum is online discussion site where other people hold conversations about Forex market and trading in general in a form of posted messages. The most popular Forex forums are:
1. Forex Factory - (Alexa rank: 3362) - a leading online Forum with huge trader base and established reputation
2. MQL5 Forum - (Alexa rank: 5519) - official forum of Metatrader users
3. My FX Book Forum - (Alexa rank: 9274) - wellknown Forex site with forum
4. Babypips Forum - (Alexa rank: 16476) - one of the best Forex educational sites with forum
5. Forex Peace Army Forum - (Alexa rank: 41254) - another wellknown Forex site with forum
6. Arabic Trader - (Alexa rank: 48746) - forex forum in Arabic
7. EliteTrader - (Alexa rank: 56382) - forum without subsections
8. MT5 Forum - (Alexa rank: 61207) - a forum of Metatrader users
9. EarnForex - (Alexa rank: 77081) - another well populated Forex forum
10. Trade2Win Forums - (Alexa rank: 100553) - a forum dedicated to Forex traders
Here is the list of my 50 favorite twitter accounts. This is a new update of my old post.
@eFXnews - provides global FX strategies and analyses from leading investment banks worldwide
@Investingcom - top financial web portal that offers news, technical analysis, real-time quotes, charts
@Tarantula - forex senior analyst & educator at Admiral Markets
@marketpulsecom - A global team of securities analysts & strategists provide 24/7 coverage of the largest financial markets, with a focus on forex, commodities & global indices.
Here is the list of the top 10 Forex sites ranked by Alexa:
1. Investing.com - technical analysis and real-time data streaming for the Forex, commodities, major world indices and futures. Includes trading and investment tools.
2. Forex Factory - forum that includes market calendar and news
3. DailyFX - foreign exchange analysis, currency news updates, FX forum, currency forecasts and charts
4. FXStreet - real-time exchange rates, currency charts, news, market forecasts, technical analysis and a currency converter
5. XForex - a broker with stand-alone forex trading platform
6. Trading Economics - view, download and compare thousands of economic indicators
A Forex forum is online discussion site where other people hold conversations about Forex market and trading in general in a form of posted messages. the most popular Forex forums are
1. Forex Factory - a leading online Forum with huge trader base and established reputation
2. DailyFX Forum - a forum owned by one of leading brokers - FXCM
Every decent Forex Trader must have a twitter account because it provides immediate news, analysis, charts and many interesting articles. In order to help you to find the right accounts to follow, here is the list of my 50 favorite twitter accounts.
@eFXnews - provides global FX strategies and analyses from leading investment banks worldwide
@Investingcom - top financial web portal that offers news, technical analysis, real-time quotes, charts
@FOREXcom - actionable Forex trade ideas, analyses and more
@marketpulsecom - A global team of securities analysts & strategists provide 24/7 coverage of the largest financial markets, with a focus on forex, commodities & global indices.
Whether you are a long term trader or a scalper you will always be curious about and would like to know what are the big players in the Forex market doing. What are their positions? Fortunately, certain websites do provide that kind of information. To be more precise I am talking about the positions that are held by the big banks and big hedge funds.
The best websites with bank positions, or in my opinion, the most useful ones are:
1. eFXnews - it is Boston based financial media agency covering global FX markets. It provides the positions held my the biggest players in the market. Highly recommendable one.
2. PLTfx - it is FX trading advisory and Funds Management. Another great resource that provides bank Forex positions. It requires login.
3. Forex Quebec - it is global Forex trading portal that provides the bank positions under its bank forecasts section. It is a good resource though it is not providing the forecasts on daily basis.
4. Dukascopy TV - a Forex broker that is providing the information in video format on part-time basis.
5. Forex Street - another global Forex trading portal. It provides many positrons of a slightly less relevant players in the market.
In short, it is always useful to know what are the biggest players in the market predicting before you enter your position.
In September 2011 when SNB introduced 1.2 floor, the pair EURCHF has been trading in relatively tight range reaching the highest value at 1.264. Since September 2012, I have been using a simple scalping strategy for that pair and it helped me to earn 20% per month on average.
The strategy is based on assumption that 1.2 floor will remain. Well, in past year and a half SNB has been very successful in defending that floor and it states that will continue to defend it with utmost determination. It is realistic to believe that in the long term the pair will not only remain above the floor, but also will return to the values that are much higher than the current one, as Europe and USA are slowly coming out of the recession.
Prerequisite for the scalping strategy is that your broker has small spread on EURCHF pair (not higher that 2.5 pips) and positive swap on long entry. If your broker does not meet these demands, try the strategy with a different one. If you have a problems with finding such broker I warmly recommend Exness, I have been trading with them for past six months and I am very satisfied. Another prerequisite is that the price of the pair is lower than 1.24.
The strategy itself is very simple, enter the long trade following the rules for any other scalping strategy. I was very successful using 5min blue trentd rider and THV3. Just in case, when I enter the trade, I always put stop loss at 1.1980 level. Next, wait till exit rule for your scalping strategy is met (by scalping strategy i meant here 5min blue trend rider or THV3) , and if your trade is in gain exit the trade. If your trade is not in gain leave it and wait till it will become profitable. Swap is working in your way now! In meantime you can enter another trade on new long entry signal. In a period while I was using the strategy I never had more than four trades opened.
Money management I was using is 0.1 lots for every $400 on my account balance and I am careful that I have enough money for 4 trades. So, if I have $1600 on my account, it will be enough for four 0.1 long trades.
