Are you looking for the best forex brokers to trade forex. We have written informative reviews on the most recommended forex brokers and their platforms. A lot of new forex traders always ask the questions what is the best forex broker? Which forex brokers can I trust? Where can I trade forex? Our aim is to provide new forex traders with answers and information through our informative and accurate reviews on what we find to be the best Forex trading platforms. The Forex Reviewer has a team of three professional Forex traders who have made money and lost money through using over 100 different forex brokers. We have compiled reviews on what we believe to be the best forex brokers and their trading platforms. We have written our reviews so that you dont make the same mistakes as thousands of people who get taken in by scam forex sites.

Askobid Forex Broker Review

Askobid is a fairly new European broker which offers trading in Forex, Stock indices and Commodities through the well known Metatrader4 system as well as having their own web based trading platform. Askobid is regulated by the FSA, CySEC and MiFID this means that they operate under very strict guidelines. This should be more than enough to assure you that Askobid is a genuine and well established broker.

Xforex Broker Review

Xforex offers an easy entry point to novice and people who want to trade forex for the first time. Unlike many Forex platforms, when using Xforex you can see all your trading activity on one page. This makes it extremely easy to get used to the trading platform. Xforex offers a unique and well structured educational package for all new traders, including a personal accounts manager and daily financial reports. Their trading platform is web based so there is no need to download it and it can be accessed from anywhere in the world.

Basics on forex trading


Forex stands for foreign exchange (foreign exchange) and is the largest financial market in the world that allows you to trade international currencies.
Generally, the exchange of one currency against another is a reflection of the conditions of 'economy of a country's economy compared to the other country.
Until the late Nineties, the Forex was only one thing for the rich because they were large capital required to enter this market, but now anyone can start trading (betrayal)because you can enter this market through the "mini- accounts "or no capital investment since they are the same broker to give you a bonus to start.
The brokers are the intermediaries in this market, they allow to operate in forex with only one connection to the interenet and offer services such as continuous updating of the values ​​of currencies, graphs to interpret market trends etc.. and in return they retain commissions on every trade (exchange) .
In forex trading you buy a currency (currency) and it automatically sells another as these are always considered in pairs, an example will clarify this better.
These are the major currencies that are exchanged:
  • USD United States Dollars
  • Europe Euro EUR
  • JPY Japanese Yen
  • GBP Great Britain Pound (Pound)
  • CHF Swiss Franc
  • CAD Canada Dollars
  • AUD Australia Dollars
  • New Zealand Dollar NZD
Let's say we want to buy the pair EUR / USD , the euro means that if we buy automatically sell the dollar because we believe that the market will go in that direction that is that the euro will strengthen his power against the dollar, if we believe that will be the U.S. dollars to increase its value, then sell and buy USD.
In the above example I have seen the EUR / USD but I consider any of the following pairs(cross) :
USD / JPYUSD / CHF
USD / CADEUR / USD
EUR / GBPEUR / JPY
EUR / CHFEUR / CAD
EUR / AUDGBP / USD
GBP / JPYGBP / CHF
CHF / JPYAUD / USD
AUD / CADAUD / JPY
AUD / NZDCAD / JPY
NZD / USDNZD / JPY

The first of the 2 currencies is called the base currency and the second shares currencyor counter currency. 
buy the base currency and then sell the second (odds) is called in technical terms go long, buy back shares and sell the base currency is said to go short. The difference between the bid and ask price is known as forex pips 

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Forex Demo - Forex Real


One of the most common questions asked by newly made traders sounds so - is there a difference between real and demo accounts?Of course, there are very significant. Moreover, there are many nuances faced by a novice trader, opening a real account first.Many brokers prefer to keep silent about them.

All the caveats that distinguish the demo account of the real, can be divided into three groups:

  • Psychological

  • Product

  • Special

Technical point is that the virtual account all the transactions holds the computer itself. On a real account is already running the human factor, in other words, the transaction shall have a person not a machine. In the demo transaction, all operations take place in fractions of seconds, regardless of price movement. The real deal with you people running here and certainly not so quickly. For while people process information, decide to pass some time. Is that it takes less than a minute and if you're new to the moment when he worked only with the demo version, it just will not have time to conduct transactions on the appropriate price.

While the dealer is engaged in processing information, the price will have time to change several times. This concerns both the closing and opening of the transaction. For example, the trader before the release of news put a warrant out news and has 70 positions profits available for demo this can be easily. But in the real world can be a problem: the most mundane - it's a long time obrabatyvaniya transaction, as well as breaking the link with the dealer. And while the person is trying to get through to him, extends from five to 15 minutes, the price changes direction and turns instead of income loss. Fix it certainly can not.

The psychological point is that often when trading on a demo, a person can turn the pile of successful transactions as well as it came to actual transactions, does not work. What's the matter? It's simple - when it is trading on a demo, man is sure - he risks nothing, but in real life you can lose everything. The man begins to fear to shake a step or push a button and panic as it is known - is a bad counselor. Because there will be advantageous to start with a small amount of loss, which will not cause you trauma.

Finally, special moments, the ones who do not like to discuss in the forums DC. These are the moments when the trader does not give money. For example:

Not market prices, or in other words, a trader at the terminal there is the so-called "candle" to 300 points, which initially takes down a stop-loss price and then returned to their former positions. And on the demo so no candles and brokers as well.

Slippage, another way to rob a trader. For example, he put an order to buy a pound of 1.4400, and broker a deal to put him to 1.4410, quire points as usual.

Opening the market, a broker at all times open transaction worse market by a few points and also at the closing. And so in every transaction, of course losses will be considerable.

Resetting the story - this is when people say, within two weeks had a number of different trades and then opening the terminal detects that deals most incredible way disappeared. In the log file is also no trace of the history of operations. When writing a petition to you politely respond that it's actually so - nothing. It remains only to find another broker.

Forex trading bot


Trading Robot - «Robo FX» *

* Currently only used for Broker «ForexClub»

Robo FX - A mechanical forex trading system that can independently track the performance indicators and on the basis of an active trading signal FX to trade in the market FOREX. Thus, «Robo FX» can take the features and functions for writing applications for purchase / sale of currency on a signal system performance FX c stop / loss and profit-taking on your trading account with a broker ( ForexClub).
Robo FX can be operated fully automatically and in a semi manual mode to instantly respond to changes and scanning the number of open positions in various currencies in your account.
Opening a new position occurs after the close of the current position if there is such a moment on the current currency.
Robo FX makes a purchase / sale at the price of the active signal in the range of + / - 10 pips and a specified size commercial lots, commercial lot or the size obtained by calculating your free deposit on the account in equal shares between the selected vylyutami for further trade.
Robo FX is a page of the site, accessible only to subscribers using login and password.
Access to the service Robo FX

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