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A Forex Broker is basically a company that buys and sells orders according the investor's decisions. Brokers earn money by charging a commission or a fee for their services. Different brokers offer different services and advantages which may suit each trader differently, and a each broker can appeal more or less to a specific type of trader. But there are basic things which each legitimate broker should offer regardless of what extra benefits they chose to provide, this is a list of the most important factors a Forex Trading Broker should have. 1 - Licensed - The first and most important thing to look for in a broker, is that they are Licensed and working legally They need to declare exactly by who they are licensed and authorized and provide a license number which you can check when needed. 2 - Backed by a financial institution - Your broker need to be associated with a financial institution, such as a reputable bank in order to provide funds for margin trading, and to ensure the safety of your funds. 3 - Demo account - Every Broker should have a free Demo Account available for download to allow potential clients to try the software and trading that the company offers before investing their own money. 4 - Trading Software - Every Broker should provide their clients with a free trading software, the trader should not be expected to have his/her own software. 5 - Account Manager - The Broker needs to assign a specific person to be responsible for your account and communicate with you from the point of starting an account to the point of terminating it. This person is not responsible to help you trade, but should be in contact with you to update you on any important information you should know, and over all help you have the best trading experience with the company. 6 - Transparent - Brokers should State their rules and regulations in detailed clarity, so that users are able to find any information they need clearly stated, and not fabricated at the point of a problem. This way conflict can be avoided much easier. In addition it is important that there a broker clarifies any fees or commission they may charge. 7 - Slippage - They should be able to tell you how much slippage can be expected in both normal and fast-moving markets. 8 - Deposit and Withdrawal Options - A broker should provide several funding options to accommodate different clients, making both Bank Wire and E-wallet options available. 9 - Customer Support - They should have a fast and efficient help desk and costumer support which is available 24 hours, and will assist you with any difficulties you may come across. 10 - Fast Execution - Needless to say, fast order execution, and fast execution in general when it comes to any actions you take when using the software and dealing with the company is important and should be a priority for the broker. 11 - Minimum Technical Errors - Although technical errors can and will occur anywhere, a broker needs to work hard on ensuring the least possible technical errors happen and affect the trades 12 - Value - Even though this is an extension to the main tasks of a Forex broker but these days its is important that a broker offers you more than just the basic services. these agents can also provide advice on Forex trading strategies (although not direct advice on your trades), News, Technical Analysis, Blog, Forum, articles, education courses etc 13 - And last but not least have a good reputation. This is mainly a good indicator that the broker has a history of good services. Of course if you keep looking you will find all kinds of extra benefits and offers, like promotions, Account management, instant news feed and many more features which are used to increase value, and you can chose according to which broker's offers appeal to your needs the most. But these basic services must be a part of any broker in order for it to offer a good Trading in Forex. Best Regards, Charalambous Yiannis [email protected] Authorised and Regulated by the Cyprus Securities and Exchange Commission Licence No: CIF 107/09 http://www.tradingforex.com/en/?a_aid=001&a_bid=57d33924&chan=forum_topgold 6 Regas Fereos & Vasili Vryonidi Street City Chambers, 4th Floor, 3095 Limassol, P.O. BOX 70721, 3802 Limassol – Cyprus Tel: +357 25 20 7000 Fax: +357 25 20 7007 http://www.tradingforex.com/en/?a_aid=001&a_bid=57d33924&chan=forum_topgold P Save a tree...Please consider the impact on the environment before printing this e-mail.

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OVER 200000$ WELCOME BONUS Trading has never been more fun! Believe it or not, for a limited time TradingForex offers you the chance to open a real, live trading account with the lowest spreads on the market of a 0.4 average! Deposit any amount you like and get the 100% BONUS of your deposit Bellow three example for UNLIMITED 100% Bonus 1. Deposit : 500$ Bonus : 500$ Trading Capital : 1000$ 2. Deposit : 10000$ Bonus : 10000$ Trading Capital : 20000$ 3. Deposit : 200000+$ Bonus : 200000+$ Trading Capital : 400000+$ Charalambous Yiannis [email protected]< Authorised and Regulated by the Cyprus Securities and Exchange Commission Licence No: CIF 107/09</p> Official Website : http://www.tradingforex.com/en/?a_aid=001&a_bid=57d33924&chan=forum_topgold 6 Regas Fereos & Vasili Vryonidi Street City Chambers 4th Floor, 3095 Limassol, P.O. BOX 70721, 3802 Limassol – Cyprus Tel: +357 25 20 7000 Fax: +357 25 20 7007 Promotion Website : http://www.tradingforex.com/promotions/100-bonus/ a_aid=001&a_bid=57d33924&chan=forum_topgold Save a tree...Please consider the impact on the environment before printing this e-mail

There seems to be a lot of conjecture as to whether it is better to trade short time frames or longer time frames. In fact it is often said that unless you can trade the longer time frames then you shouldn’t even contemplate trading the short time frames. Now, I am not sure I entirely agree with this statement. Sure there is certainly a lot of “market noise” in the shorter time frames especially around news announcements and it can more difficult to clearly spot the trend on the shorter time frames. Personally, I do find the 1 minute chart challenging, as I don’t think there is enough data there to make an informed decision. A 5 minute chart is lowest time frame I would use. When you trade the longer time frames, you have a lot more draw down before it heads in the anticipated direction. And yes, the gains will be greater when trading longer time frames, but that waiting and experiencing those drawdowns, momentarily play havoc on your account and can be a little bit stressful, especially for newer traders. And if you are wrong, the stop losses are much greater. I have found that as a rule of thumb most good, “trading systems” systems have on average have a strike rate of about 80% That means that 20% of the time you will lose. On a daily weekly or even a 4 hour chart, OUCH! One thing that is often over looked on small time frames….(and on the larger time frames well for that matter)…. is the amount of momentum in the actual move. It is the rate of momentum the determines how big the movement is going to be and at what speed it will move. Think of ten pin bowling. Basically, the rate of momentum in which the ball is delivered down the bowling alley determines how successful it will be reaching the ten pins. If you have ever seen a little kid try bowl a bowling ball, most of the time the ball ends up in the side alley long before it reaches the 10 pins. If you use this analogy with forex trading, you want the ball to be delivered with enough momentum, that it will reach the ten pins. But you don’t want to wait until it has actually reached the ten pins before you take some profit, you want to take some out of the middle. If you could determine that a move has sufficient momentum then it becomes a very high probability trade and you are almost guaranteed a profit once it has cleared your spread. By using momentum angles of 4 x1, 2 x 1 and a 1x 1 most of the time you can determine if a movement has sufficient momentum to carry through. What 4 x1, 2 x 1 and a 1x 1 means is: 4 units of price to 1 unit of time, and: 2 units of price to 1 unit of time. And of course the one with the lowest amount of momentum is: 1 unit of price to 1 unit of time. I know this sounds complicated but in reality it isn’t, though it is limiting to explain the concept on a forum post. So if you find this interesting and would like to learn more you can register for a one time only free webinar being done for the Forex community on momentum in trading forex at: http://tinyurl.com/momentumwebinar Cheers