While all forex traders bring their own strategies, preferences, and emotions to the trading market, the collective trends behind those sentiments can reveal a lot about how overall trader sentiments may shape price movements and forex market activity.

The concept of market sentiment is applicable to any financial trading market, including forex, and these sentiments can play a powerful role in predicting the kinds of price movements and other market effects that may develop in the near future. 

Fortunately, traders don’t have to make guesses about these sentiments on their own. Through the use of forex market sentiment indicators, any trader can evaluate how macro market sentiments may be reflecting overall ideas, hesitations, and other underlying factors that are pushing the majority of traders in a single direction regarding their trading strategy.

While there are plenty of reputable online forex brokers to choose as your preferred trading platform, you can also run into brokers that are little more than a moneymaking scam.

These scam brokers generate profits by luring in traders under the guise of guaranteed earnings only to charge them excessive fees, profit off of their trading activity, and skim money from their accounts until traders wise up and cash out. 

If you’re looking for the right forex broker online or are suspicious of your current brokerage platform, here are some of the top signs your forex broker may be running a scam.

While forex trading of international currencies has been an established industry for decades, the cryptocurrency market has grown from a fledgling idea to a multibillion-dollar market in less than a decade.

Today, many traders might be investing in both forex and crypto at the same time, hoping to leverage the profit opportunities that come with each distinct market. But while cryptocurrency earning potential has garnered a lot of media attention in recent years, this market also features key differences from forex trading that can increase your potential risk when investing money into these digital “currencies.”

Before forex traders dip their investments into cryptocurrency, it’s important to understand what these markets have in common as well as how they diverge from one another.

The obvious way to monitor and review your trading performance is to check your account balance, however we can dig a little deeper than that and explore our performance further.

As part of your trading, it is important to monitor your open positions and overall performance, and an effective way of doing this is to maintain a trading diary. A trading diary should detail all your trading decisions, including reasons for initiating a trade, your emotions when opening the trade, notes concerning the short- and medium-term trends observed in the price and perhaps any news surrounding the trade period, as well as daily adjustments of exits. A trading diary provides you with a methodical way of maintaining a clear focus, and it can also assist you with learning from your mistakes.

Price movements in the forex market may be hard to predict, but they aren’t entirely random, either. There is logic behind the way currency pairs rise or fall in value, and decades of forex trading have revealed that this logic can often be identified—and then predicted—through the use of technical indicators.

Technical indicators come in many shapes and sizes, and no specific indicator is viewed as a required tool for assessing potential forex trades. As traders gain experience and learn about the different technical indicators at their disposal, they end up developing a preference for specific indicators that align with their trading strategy and prove to be reliable over time.

These technical indicators can be broken down into three broad categories.

Valutrades is excited to offer a new method of payment for our clients -- Trustly! 

If you like to trade Economic News Events, you will know that Central bank Interest Rate decisions are almost always big movers of the markets.

Valutrades was given the opportunity to participate in a seminar at the Finance Magnates London Summit 2017.

Our CEO Graeme Watkins along with Chasing Returns CEO, Ann Hunt spoke about the impact of psychology on retention, redeposits, and trading volume, assessing how traders can improve and increase their activities by looking at unorthodox aspects of their performance.