Forex Brokers That Accept Western Union Payment Method for Deposit and Withdrawal

To avoid scam brokers who often intervene in clients' orders. NDD brokers usually channel their clients' orders directly to the market or bigger NDD brokers. In this case, clients do not trade against the broker but directly against the market.

Furthermore, the spread in NDD brokers normally follows the real market's fluctuation but is generally lower than in other brokers. Some broker variants categorized under the NDD brokers are STP (Straight Through Processing), ECN (Electronic Communication Network), and DMA (Direct Access Market).

Continue Reading at The Secrets of Successful Scalping Strategy

Yes, it might be.

You may receive a phone call asking for more deposits or more frequent trade. This is possible as your contact information is accessible to the company.

Thus, your data may facilitate the broker to contact you by email or cell phone, urging you to be more speculative and increasing your risks in the market.

Continue Reading at Broker Red Flags: Signs You Should Leave Your Broker

Traders will be able to take advantage of carry trades IF the broker applies swaps in accordance with each country's central bank benchmark rates. Which is actually unlikely.

Plus, terms and conditions on several brokers clearly spelled that they will hand you negative rates on overnight trades (add that with: no matter what the rate difference between currencies). Or alternatively, they hand you the negative rates but pocket the positive rates.

Continue Reading at Carry Trade In Forex Trading, Is It Possible?

Here are some tips for avoiding problems with Forex bonuses:

• Read the terms and conditions.
• Put your strategy first.
• Focus on profit.
• Try trading contests.
• Be a smart trader.

Continue Reading at How to Successfully Use a Forex Broker Bonus