Fundamental analysis for dummies forex trading - BestforextrainingNet

Fundamental analysis for dummies forex trading

What Kind of Trader Are You? Most importantly, forex markets are always moving, providing an accessible and target-rich trading environment. The key to evaluating any brokers is the speed and reliability of your trade executions. Are you consistently able to trade at the price fundamental analysis for dummies forex trading’re trying for?

If you’re trying to sell, and your trade request fails, and you’re offered a lower price, you’re probably being requoted. Requoting effectively means you’re trading on a wider spread than you bargained for. Find out exactly how your stop-loss or take-profit orders are filled. If so, are there any exceptions to such guarantees? What’s the policy for filling limit orders?

Does the market bid price need to match the price of the limit order to sell, for example? Are dealing spreads stable in all market conditions? Most forex brokers offer variable spreads these days. When market liquidity is high, the spreads will be tightest. During volatile market conditions and around major news events, spreads will naturally widen. However, the amount of variability can really differ among brokers, so make sure you understand how wide spreads can go when the market’s really moving. Look on a broker’s website to see if they publish their execution statistics, which can give you more insight into their execution quality — including speed, the percent of trade requests that are successfully executed, and the opportunity for price improvement.