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Every business is risky. Safe or not, it depends on ourselves. We should minimize the risk if we wanna get maximal profit in forex. Don't forget to utilize what have been provided by our broker, include semo contest to make us more better in trade. Currently I am participating in Armada Markets demo contest and link

Double Your Goals Campaign has finished! We are announcing top 10 most profitable traders

wasim

For how long have you been trading?

I have been trading in the FX market for more than 10 years and I've been using EAs for about 4 years now.

Can you briefly describe your strategy?

My trading strategy depends on technical analysis and martingale trading combined with some fundamental analysis.

Why have you chosen Armada Markets?

I tried almost all the very well-known Forex brokers but I always faced some obstacles from the broker and in many cases my trading accounts were blocked and closed. But with Armada Markets I can trade freely with the best market spreads and the best order execution I have ever experienced. I want to thank Armada Markets for the best support and best forex environment a trader can find.

Hi Friends,

Good Morning,

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Thanks Sir,

I hope, this information will be helpful for you

Low spreads and commissions, fast execution and excellent customer service are some of the reasons why Armada has been so successful in attracting smart and professional Forex traders across the world. Armada Markets was founded in 2011 and it has mostly focused on traders who demand very high quality of services. In this post we discuss the importance of low spreads and how it affects the profitability. Profit is the only reason why people trade Forex.

What is spread?

The spread is the amount of pips between the Bid price and the Ask price. Think of it as the cost of trading. The higher the spread the lower is your profits. The lower the spread the higher is your profits. You should always look for brokers where spreads are low.

Where to check spreads?

The easiest way to check the spread is from your Market Watch window inside the Metatrader4 terminal. We've highlighted the EUR/USD in the window where you see that the spread is 0.1 pips (difference between Bid of 1.33849 and Ask of 1.33850).

So, why are low spreads important?

Spread and commission is the cost of trading. For example if you trade 1 lot of EUR/USD which is equivalent to around 134,000 US dollars and the spread is 1 pips then your spread cost is 10 US dollars.

To better understand this is to look at currency exchange rates of ordinary banks. The spreads banks charge is usually 1 to 3% on the amount exchanged. So for example if you change Euros to US dollars and then immediately sell these US dollars back to the bank then you have lost from 1 to 3% of your money. Yes we know, banks are greedy! You can review the GBP exchange rate at one of the sample banks.

Getting back to Forex trading, let's take a look at the spreads of Armada Markets on our Exchange account. As we write this post, the spread on EUR/USD is 0.3 pips (courtesy of Myfxbook). If you traded (open and close order) 1 lot of EUR/USD right now then your spread cost would be 3 US dollars. Spreads fluctuate all the time depending on the market conditions and they can go as high as 2 pips, even 5 or 10 pips if there is maximum uncertainty and some big news come out. Big news are central bank interest rate announcements, major economic news (US jobs report, EU retail sales, etc).

As top traders make hundreds, some even thousands of trades per day then low spreads are absolutely critical to achieve higher profitability. As you can see from the chart above the average spread of EUR/USD of Armada Markets is 0.1 pips. If you make 100 trades with the size of 1 lot each then your spread cost with us would be 100 * 1 USD = 100 US dollars.

Let's imagine that the same trader has also a trading account with another FX broker named BobFX and their average spread is 2 pips. The spread cost per on lot of EUR/USD would be 20 US dollars. As he made 100 trades then the total spread cost for him would be 100 * 20 USD = 2,000 US dollars.

So, at Armada your spread cost for 100 trades would be 100 US dollars, while at BobFX it would be 2,000 US dollars or 1,900 US dollars more. This means that also your profit at BobFX would be 1,900 US dollars less compared to Armada.

Please check the spreads of any broker before opening the LIVE account. As we have shown in this post - low spreads are important to reach higher profitability!

Open LIVE trading account here to start your career as a forex trader!

Armada Markets, a global spot Forex and precious metals broker for professional traders notifies its clients to be cautious in their trading decisions as the period of record low volatility is about to end. Higher volatility will increase risks for all traders and Armada Markets advises its clients to reduce risks.

The notice is triggered by yesterday's release of Bank of England and Federal Reserve minutes of their last policy-setting meetings in which both central banks raised the possibility of a sooner than anticipated rate rise. In recent years most market participants have become overly comfortable with the low interest rate environment and should now revisit their risk management strategies. Changes in interest rate outlook and ultimately the rise of interest rates should bring and end to the low-volatility environment and introduce higher risk to the market.

All financial markets including FX, stocks and commodities have seen volatility indices hiting record lows in recent weeks as the low interest rate environment has created the illusion that markets can only move in one direction.

Why traders care about volatility?

Investors look at various volatility indices due to following main reasons:

• Higher volatility means more risks
• Higher volatility introduces also more opportunities for traders as market tends to fluctuate more and by a larger extent
• Some trading algorithms work only with low volatility while others need high volatility
• Risk management techniques need to be adjusted based on the changes in market volatility
• Higher volatility introduces more emotional stress for any trader
• In a higher volatility environment historical correlations between various currency pairs tend to experience short-term deviations
  

Armada Markets alerts regularly its clients on major shifts in market dynamics or outlook. Armada Markets is proud to be the top choice for professional spot FX and gold/silver traders providing them with:

• Industry-lowest spreads with average EUR/USD spread of 0.3 pips
• Industry-lowest retail commissions of 20 USD per million
• Ultra-fast trade execution speed of 300 milliseconds on Metatrader4 platform
• Trading environment where all types of strategies including news trading, scalping and arbitrage are allowed
  

Data Sources

Forex Article : Record Low Volatility on Forex Markets About to End

Forex is like an international business and we should always treat it like a business. There are many positive sides on Forex trading. The most important positive side that attracts me the most is it can be done through computer at home. So it saves time and also easy to work in home environment. And the other most important side is its liquidity. The liquidity of the market makes it more challenging and fun.

The reason why i love Forex is that its easy to make money if you can get the strategy and also unlike other business ROI is high and we can withdraw our money instantly. broker that I use now give special attention on comfort in the transaction so I've never had a problem with the withdrawal of funds

Registration for Round 4 of Armada Demo Cup is now open. Trading starts from September 1. Link

The total prize fund for each of first five (5) rounds amounts to 2400 USD per round and will be distributed among the ten (10) winners in each round as follows:

First place : 1000 USD
Second place: 500 USD
Third place: 200 USD
Forth place: 100 USD
Fifth place: 100 USD
Sixth place: 100 USD
Seventh place: 100 USD
Eighth place: 100 USD
Nineth place: 100 USD
Tenth place: 100 USD

ECN broker provides you direct access to the market. The broker earns only from the commissions paid by the customer. We like to see our clients making money in trading.

You can open Classic account with a minimum deposit of 100 €$£. Minimum deposit on Exchange account is 300 €$£. Depositing is free of charge.

Click Here

@ ayuxx : any bonuses have rules that must be met. one of which is the volume of trade to be done in order bonuses can still be used. the bigger the bonus will be the greater the volume of trade to be completed. Armada Markets are always oriented on the convenience of traders in trading.

You can follow the contest "Trader Of The Month". in this contest, the trader is required to run the managemant money properly so that they will have a very large profit so that the profits will be greater than the existing prizes

Forex is calculated risk but not easy. There is a huge diffrent between forex been easy and forex been simple. If forex is easy then everybody will be a trader and nobody will be losing. The truth forex is simple but not easy. we must gain our trading experience anf knowledge. i use Video Tutorial to do that.

now I'm trying to trade in freshforex. and I try not to depend on luck trading. in forex to be successful we have to work hard to not rely on luck. because the forex risk is very high then the luck is only 1%, while 99% is hard work

in forex we indeed should not depend on luck trading. because luck only 1% while the 99% is hard work. to be successful in this business we have much to learn and practice forex trading because the risk is very high. If you want gain your experience in the trade, then you can join the demo contesttrading in Armada Markets

Money management in Forex trading is the term given to describe the various aspects of managing your risk and reward on every trade you make. If you don’t fully understand the implications of money management as well as how to actually implement money management techniques, you have a very slim chance of becoming a consistently profitable trader.

• After deposit, contact client support via e-mail to collect the bonus. Code word: Armada.
• Each client can get one bonus only.
• Trade 5 lots to withdraw the bonus.
• Armada reserves the right to disqualify any user if there is a suspicion of misuse or abuse.
• Armada reserves the right to change the Terms of the campaign or cancel it at any time.
  

nice video guys but I've already making consistent profit in Liteforex broker. I like them.

Perhaps, I will try this one.

Thanks, you can join with Armada Markets too. I think that will be make your profitable especially you can participate in " Trader Of Mounth " real contest if you have a consistent profit

Each month Armada Markets gives out a 500 USD prize to the Trader of the Month who shows not only good profits, but also excellent risk and money management skills. As there are quite many such traders at Armada we hope it will be a good opportunity to get to know at least some of them.

Winner of May, 2014 – Michal

he got Profit 46 514 .26 EUR + 500 USD as the bonus

here the link

we must understand the risks forex properly. because then we can get maximum results. therefore we must use the RM when trading so that money will come to us

Yes, we must understand forex properly. if not, this is a bad for us because we face a loss in our trade. so i am using Forex Strategies from my broker to get more experience in my trade

Hi Everyone, I am Parihan Christy.. I am trading in Forex since two years... I have joined this forum for gaining my knowledge.. And also willing to share what I know..

Thanks to Forum admin

Nicw to meet you sir, have a choose a broker for your trading ?

i am a trader also, now i am using Armada Markets as my broker.

i am ysing Zaas system in my trading. this not for scalping system but i think this is good for the trader who want make money in long term trading. in the first time i learn forex from Video Tutorial are provided by broker. Armada Markets also provide it to help beginner understand further more about forex trading.

yes, choose a broker that is very comfortable very necessary. since forex has a very high risk so that we can get the most out of trading if we are trading in the right broker

Yes, choose a good broker is a chance to us to make more profit in forex business. especially whe they have a good platform and customer relationship. Customer service and friendly service give me the satisfaction of clients as Armada Markets. In addition, I was able to enter the contest "the Trader Of The Month" . Each month Armada gives out a 500 USD prize to the Trader of the Month who shows not only good profits, but also excellent risk and money management skills

Money management is very vital in forex trading, You can keep a personal jpounal where you can keep your records according to your need, good money management will help to concentrate more on trading.

Right, money management is very important for traders because with the money management will give us the opportunity to better manage the account, for it is now , Currently I am participating in Armada Markets demo contest and link

In Forex trading, a small deposit can control a much larger total contract value. Leverage gives the trader the ability to make nice profits while at the same time keeping the risk capital to a minimum.

For example, if you trade with 1:100 leverage it means that a 100 EUR in Armada Markets, margin deposit would enable a trader to buy or sell 10,000 EUR worth of currencies. Similarly, with 500 EUR, one could trade with 50,000 EUR and so on. However, leverage can also be a double-edged sword as without proper risk management, this high degree of leverage can lead to large losses as well as gains.

Forex is a high risk and high reward business. We can not only put our money in our trading account and it grow it self, but we need to trade with that. And forex trading not only buy or sell, but need much more than that. We have to understand the forex market, we need a good well known the forex system, we also need a good handling our emotions in forex trading.

I am now developing the forex business in the Armada Markets. I think it is very appropriate to a scalper for trading in the Armada Markets which gives a very low spreads based http://www.myfxbook....-broker-spreads

I fully agree with your opinion that forex trade is good and profitable business not job.I think a job has fixed salary for employe.But forex trade hasn't fixed profit for trader. Forex trade business has a great opportunity for trader to make unlimited money by good forex trade business.I also think job has fixed time duty but forex trade business hasn't any fixed time to make trade.A forex Trader can trade anytime anywhere ,when he/she wan to trade

I am now developing the forex business in the Armada Markets. I think it is very appropriate to a scalper for trading in the Armada Markets which gives a very low spreads based http://www.myfxbook.com/forex-broker-spreads

Risk management is one of the most key concepts to surviving as a forex trader. It is an easy concept to grasp for traders, but more difficult to actually apply. Brokers in the industry like to talk about the benefits of using leverage and keep the focus off of the drawbacks. This causes traders to come to the trading platform with the mindset that they should be taking large risk and aim for the big bucks. It seems all too easy for those that have done it with a demo account, but once real money and emotions come in, things change. This is where true risk management is important.
Controlling losses

now i am comfortable to trade in Forex Market ( using Armada Markets ) because that is a good job for us if implementing a good Money Management

Video is one of the means of conveying a message that is very effective for viewers. video gives a complete picture of what is to be conveyed.

Armada Markets as one of the brokers who have the speed of execution and low sprea based myfxbook
gives you the opportunity to know about Armada Markets based the following video .