Forex Info

Mba Flourish from Nigeria writes about LiteForex:

i think all who raised a negative voice about this broker are their competitor, as for me and my people using Liteforex in Nigeria? we have no bit regret. The customer support is better and withdrawal are made easy.
Andy from Singapore writes about Ava FX:

Recently they introduce the AutoTrader System. The system will let you win in the early stage. But after a few trades all your money will be lost. And the worst is they can tell you that the autotrader can perform manual trade but the response is dam...
jonno from australia writes about GOMarkets:

I must admit I don't agree, I have been trading with go succesfully since december. Robots are working well and my account manager seems like he knows what he is talking about
Latest Forex News
Pound Continues Rally Versus Euro and Dollar
Wed, 05 Aug 2009 11:18

The pound is gaining again versus the euro and the dollar as services industry grew and U.K manufacturing jump beyond expectations in July, pushing the pound to the highest level in 9 months.

Finance Minister Halts Canadian Dollar Rally
Wed, 05 Aug 2009 10:27

The Canadian dollar, which has gaining heavily versus several most traded currencies, finally stopped its rally after the national Finance Minister affirmed that eventual measures may be taken to damp the rising demand for the loonie, which is already jeopardizing Canadian exports.

Israel’s Sheqel Falls on Dollar Purchase Speculations
Tue, 04 Aug 2009 21:21

The Israeli currency had the sharpest fall in 4 months today as the government is likely to increase a dollar purchasing program to stimulate the national currency.

Will the Pound Rebound to Pre-Crisis Levels?
Tue, 04 Aug 2009 21:04

The pound posted today a positive performance versus the U.S. dollar bringing the British currency to the highest levels in more than 9 months, leaving speculations of an eventual rebound for the Great Britain currency.

Latest Glossary Entries
VPS (Virtual Private Server) — virtual environment hosted on the dedicated server, which can be used to run the programs independent on the user's PC. Forex traders use VPS to host trading platforms and run expert advisors without unexpected interruptions.
Standard Lot — 100,000 units of the base currency of the currency pair, which you are buying or selling.
Swap — overnight payment for holding your position. Since you are not physically receiving the currency you buy, your broker should pay you the interest rate difference between the two currencies of the pair. It can be negative or positive.