Forex Yard has low minimum spreads, which I am sure that both new and experienced traders will appreciate. Their spreads are between 3-5 pips, fixed, meaning you shouldn’t see them fluctuate wildly upon release of news, as is often the case with online brokers. The spreads are dependent on your type of account. As always bigger customers get better deals, but their mini accounts still offer a good deal.

Speaking of Mini accounts, you can open one with Forex Yard for only $100. There are several funding options available; All the standard Credit Cards, Check, Bank Wire, Paypal and even some more obscure online wallets and payment processors. Forex Yard is easy to sign up with and get started. That is a nice advantage for new traders.

What sets Forex Yard apart from many other traders that try to lure customers in with high leverage, which is not of much value unless you can pay the margin, is that Forex Yard offers cash bonuses instead. You can get either a 100% up to $300 bonus or a %10 up to $1000 bonus. The bonus amount will then have to be traded a certain number of times to be released into your account. I like this and it’s an extra motivation to sign up for Forex Yard.

Forex Yard also offers an abundance of educational material and you can tell that they have put time and money into it. Their guides, downloads and ebooks are free of charge for clients. I think, this shows good intentions on the part of Forex Yard. They want their traders to succeed and be happy. Win-Win situation. For new traders it can be worth to check out the interactive forex tutorial.

Forex Yard has three different account types: SuperMini, Professional and VIP. Each account offers different terms and benefits. Beginners and pro’s will be able to find an account type that matches their needs.

There are also some good tools available for free signals and technical analysis, but I have not had the chance to test it in depth.

You can also trade some commodities such as gold and oil

In conclusion, I would say that Forex Yard seems to be a good trustworthy broker that have taken the time to stand apart from the rest with their bonuses and good educational material. Try them out for a free demo account or a Mini account and make your own decision.

Another thing you will discover when you click around their website is that they have a vast amount of forex content available to traders. They even have their own moderated forum. I liked this and it gives you an opportunity to talk to other traders that use Oanda. It also adds credibility to the user support.

What else did I like about Oanda? I liked their charting software and trading platform. They could have had more time frames available, but overall it is a very nice platform to trade. Oanda also allows you to have sub account of different currencies and there are no minimum deposits, so you can save on currency conversion. You can withdraw money out of your sub account though, it has to be transferred to your primary account, but that is fast and easy to do.

The orders screen will be familiar, nothing groundbreaking here, but the screen does show you the current volume in the market when you place an order. That could be valuable as you decide how big a position to take on. For stop loss there are no limits as to how close you can place your order. Only you have to add one pip to the price. This eliminates a lot of hassle.

What is there to say negatively about Oanda? Not much really but there are some small annoyances. First of all the maximum leverage with Oanda is 50:1. While it is nice that Oanda doesn’t market on having huge leverage, which can drain an account very fast, it would be nice if they could at least offer the 100:1 standard leverage.

I read on a different website that user have complained about slippage when placing orders with Oanda, but I did not encounter anything of the kind, so I am more inclined to believe that it’s possibly competitors who are trying to discredit them. I do believe that Oanda is one of a few forex brokers online who are suitable for serious and professional traders.

The platform is web based which may be a annoyance for some. I prefer my software to run from my own computer, but that is more of a personal preference really.

In conclusion I have only good things to say about Oanda. They show all the signs of being a serious and reliable broker, you can tell from such things as the low leverage. I recommend them to those of you who are serious about forex trading and willing to try a less known broker.

Why is this a good thing and why is it a bad thing? Most brokers proclaim they use fixed spreads, that is the the spreads stay the same during trading. In reality this is not the case. During hectic trading times, such as on the release of economic data or news, the price fluctuates wildly and so the brokers use much larges spreads in order to  cover their bases. This is common practice, but none the less it is not something they usually tell new clients.

FXClub charges a fixed fee on the other hand for all trades. This is a good thing in my opinion because t implies that the broker will be interested in seeing you succeed. Brokers who use spreads also sometimes engage in illegal practices such as stop loss hunting and other ‘bucket shop’ strategies. With the fixed commission fee, you know what you will be charged. Or do you? Actually, there have been some complaints that the FXClub commission structure was difficult to figure out. I never thought so, but I thought I would mention it anyway.

If you do think this is the case, you still have the option of going for classic spread pricing by signing up for a classic forex account.

FXClub has a low minimum deposit of only $10. Of course you will never be able to make any significant trades with that amount so it’s not really an advantage, but you still get to check out the software with real money, so on that account it is a nice feature. There is of course also the free demo account to practice on before you take the plunge into deep waters.

FXClub has a good selection of educational material, guides, tutorials and interactive material. It’s a nice extra feature and I would recommend you take advantage of it, before trading serious money.

Personally, FXClub was the first broker I started out with when I was a new trader and completely green in the game. I only spent a few hundred bucks, but they were decent to deal with and I never had any problems with depositing or withdrawing.

There are some important things to research before you invest in a forex signals software package. After researching the various differences that make up the different forex signals software packages, these are the most important things to take note of:

1. User experience

With many software packages available, it’s important to find one that meets your need as a trader. If a software interface is difficult to read, it’s of little value to a trader, regardless of the amount of information on display. Pick software that is easy to use — there’s nothing worse than investing in software that you think will save you time and money and then find out that it requires hours of learning and instruction in order to use effectively. Forex signals software handles complex information, but should be easy to read and understand.

2. Performance stats, and long term investment results

The primary purpose of forex signals software is to provide important market data to users, to invest their money wisely, and most importantly to provide a long term gain on whatever money is invested. Sadly, some forex signals software packages fail to meet this obligation. Be sure to research long term investment performance before purchasing any software package. If the software’s success rate, average gain percentages, and unique features aren’t displayed prominently on its website, be sure to get in contact and ask for this information before purchasing the software.

3. Customizability

There’s nothing worse than getting something that doesn’t fit, and forex signals software needs to be matches just as much as a tailored suit does. Be sure to pick something with extensive customizability options, allowing you to monitor only the data relevent to you, and make the most of whatever information is available. There’s no point in monitoring data that isn’t relevant to you, or is only important to a market outside of the one you operate in. Check through forex signals software reviews for software with extensive customizability options, and be sure to only pick the software that works for you.

4. Satisfaction Guarantee

It’s absolutely essential to go with a forex signals provider that can guarantee your happiness and success as a trader. Along with checking the software’s performance record, checking for a satisfaction or money-back guarantee is an important step when picking a forex signals software package. You know a company truly believes in their service when they guarantee your success with it; be sure to buy software from companies that can provide you with what you need personally.

Well, Saxo Bank is a Danish broker and bank and one of the biggest players in the business. They are not really a forex broker, although you can trade forex with them easily. They are an all purpose online broker, offering stock trading, bond trading and derivative trading as well. Now, Saxo Bank is indeed a great broker and a great place to trade, but the problem for many people is that they do not accept small customers. They simply do not want the hassle of executing smaller orders as they have many large customers and institutions that they trade for. So unless you are ready to fork over tens of thousands of dollars then you should not bet on trading with them. That’s a real shame though as their trading platform, Saxo Trader is arguably the best online platform in the world.

That’s where Finexo comes into play. They are a white label of Saxo Bank, meaning they use Saxo Bank’s platform and operations, but do not enforce the same entry levels as Saxo Bank. So you get the best of two worlds here, Saxo Banks great software and Finexo’s low minimum deposits.

Finexo is an easy broker to sign up with and begin trading with. It is a fast process to open an account and start trading. I was literally hitting the interbank markets in minutes. Finexo offer many different payment methods such as all the major credit cards and a number of online payment processors and online wallets including paypal and Moneybookers.

Finexo’s trading platform is as already mentioned the same SaxoTrader, which is a great, fast and reliable platform, the best in my opinion. They are so dominant in the market that even their competitor E-Trade uses their platform for some of their dealings. They are the best choice for professionals as well as beginners. You have all the needed functionality and one click trades.

You also receive the very practical mobile trading opportunities. Trade from anywhere form your cell phone or any computer that you are at. There is no need to download the software or install additional programs.

Finexo offers an amazing 50 currency pairs that you can trade, so if you have specialized knowledge, I could see that as being a real advantage with trading there. It is nice to have the choice even if you stick to the major pairs.

Finexo has spreads at 3-5 pips depending on your account type. VIP accounts get lower spread and higher leverage.

I like Finexo a lot, particularly because they use Saxo Trader, that makes it easy and reliable to trade forex.

So, What are the major advantages and benefits of trading with a forex signals software system?

1. Automated trading is a possibility.
2. Analytics are available to traders
3. Information can be processed at a massive rate
4. Trading can be optimized to maximize profits
5. Trading time can be dramatically reduced to maximize lifestyle

Forex signals software make fully automated trading a realistic possibility. Whether you’re handling millions of dollars or just your own monthly savings, forex signals software can put your money in the hands of the only reliable truth in the world of trading: long term, reliable mathematical analysis. Allowing a computer to handle your calculations, trades, and provide you with alerts and important market details allows a massive amount of time to be saved, bad experiences to be erased, and important decisions to be handled by a system that takes all mathematical factors into account.

The massive array of analytical tools available to trader through forex signals software is truly awe-inspiring. Allowing traders to micro-test, track currencies, and observe long and short term trends in the markets, forex signals software can provide a level of user-involvement and analytical advantage that other market services can’t touch. Truly a massive service for uber-geeks, the forex signals software is incredibly detailed and makes all kind of note-taking a realistic possibility.

With the massive processing power on tap on todays computers, and the incredible information reserves that make up the internet, forex signals software can offer levels of market processing and information analysis that human analysis cannot compete with. In trading, an information advantage is absolutely fundamental to long term success, and that advantage is made possible by utilizing forex signals software.

Furthermore, forex software is impartial, unbiased, and purely mathematical. It’s not swayed by emotional or social events, allowing it to remain completely in control of your currency transactions and management regardless of your life situation. Optimize your trading using forex signals to maximize gains and minimize human error. With this complex and interesting software in control, trading can take place night and day, beyond the scope of human ability, allowing you to optimize your currency trading and reap the rewards.

The lifestyle quotient is highly important too. With forex signals software, your trading can be unobtrusive and take a fraction of the time it did when personal research, extensive independent analysis, and monitoring were a part of your trading routine. Allowing you to recover time previously spent hunched over a computer screen, forex signals can save you time while you utilize its unique information advantage to make money.

Etoro uses a graphical interface that is unlike your usual forex trading platform. There are no graphs and candlesticks, but instead the currencies are represented by graphic images. The Yen is shown as a samurai, the Dollar as a cowboy and so on. If you are a professional forex trader you may want to stop reading already. Etoro is not a platform for the serious forex trader, rather it is for those that want to have fun and make some money while having it. If that is you, then read on:

The Etoro platform is developed by guys who used to work in the Online Casino and Poker industry and that shows. This is also their main target group. If you have had experience as a professional online poker player or sports bettor, then you will feel right at home with Etoro, and then it could very well be a good choice of forex broker. Forex, sports handicapping and poker do have some similarities when it comes to predicting behavior, calculating viable trades and psychology. Chances are you can transfer some of your skills in that are to forex trading.

Etoro does offer a lot of traditional forex educational material on their website to help their clients educate themselves on the subjects. They have tutorials, wiki glossary of forex terms and much more to help you get started. They also have a calender service and free news updates which are very useful, especially since you will not be doing technical analysis with this broker.

The concept behind Etoro is to offer forex trading to the part of the market that does not want to spend to much time setting up software and studying technical analysis and indicators. They do achieve this by making their platform simple and fun to deal with, but they will necessarily not appeal to expert traders as they simply lack the functionality needed for technical analysis and charting tools.

Etoro has low minimum spreads that begin at 2 pips for currency pairs and they do not charge commission for trades. You can open an account with as little as $50 to try out for yourself and the minimum required to make a trade is $25. Etoro has a leverage level of 400:1 which implies that you can trade your $50 into $20.000. Of course your margin will be tested very fast at these leverage levels.

Etoro has good and friendly customer support and answers questions fast and professionally.

There seems to be some complaints online about cash out speed, but it’s hard to tell if these complaints are real or competitors spreading disinformation.

I wouldn’t recommend Etoro if you are a serious trader, they simply lack functionality, but if you are just looking to try forex trading and have some fun doing it, then they have their place.

For business owners involved in international business, forex signals are an essential tool for testing, researching, and predicting international market trends. A small purchase of forex software, along with relatively little monitoring from the purchase date could allow a company to save thousands of dollars on overseas trade deals. Furthermore, forex signals software allow companies to micro-test overseas trade; by testing currencies in small amounts, businesses can get a feel for overseas markets and understand their dynamics, speed, and trajectory. In business, nothing is more important than a competitive edge, and forex signals can give an international business the advantage required to dominate its competition.

Forex signals are also an important tool for domestic businesses. By utilizing “geo-arbitrage,” or the use of goods or labor from cheaper, more efficient, or just plain interesting countries, businesses can create products or services that previously wouldn’t have been possible. Whether you’re confined by costs, expertise, or just plain creativity, forex signals can help any business make the most of the expertise of the entire world. For businesses importing stock to use in the manufacturing process, the forex signals software packages can provide a competitive edge that can help source the cheapest, highest quality, or most effective products and materials required to make a business succeed.

Forex signals software has some major advantages that humans just can’t compete with. Real-time calculations, long-term trend building, and a massive market scope make the software the ultimate in market predicting tools. Not only limited to traders, there are many advantages that can be incredibly useful for those not engaged in trading or international business.

Think of the consumer looking to utilize multiple international markets in order to secure goods for the lowest possible price. Forex signals can predict which markets are hot, which aren’t, and which are worth looking at for the future. Importing products for personal use (and even small scale reselling) is made possible by the use of forex signals, which allow buyers to get the optimum price for any imported goods. Not limited to traders, the forex signals software can empower business people, consumers, and resourceful entrepreneurs to make the most of our interconnected, globalized world.

Ava Fx is an established and well supported broker with good credentials. They are backed by a large European financial group, that has assets under management of over $16 billion. In these times, that’s a good reassurance that they will not risk going bankrupt. They are also rated very high in the S&P Credit Rating index (AA, 3′rd highest). Their credentials are easily checked and are impressive.
So, enough about the corporate background. What do I think of the actual broker and platform?

I did some tests myself and also convinced a friend of mine, a professional forex trader, to try out the platform for a few months, long enough to get a real feel of the broker. My friend has now traded for almost 3 months and reports that he has been generally very satisfied, has had no problems with fallouts or connection and that the order execution has been fast and efficient, with only one exception where the platform seemed to lag giving him a worse price than he should have. He then contacted support and once it had been confirmed, they reimbursed him the lost profit. Very professional customer service.

I also ‘grilled’ their customer service with some tough questions about their financial and corporate dealings, that I know some brokers do not like to disclose, but they were friendly and gave me the information I wanted, and if they could not provide it they were professional about explaining why.

On their website, Ava FX, states that their platform is designed to provide integrity and fairness in all dealings, and from my experiences, they do deliver that. Their platform is easy to use and advanced enough to offer value for experienced traders.

They offer several different account types to meet the needs of their traders, and I am sure you would be able to negotiate terms if you trade large volumes.

For beginners they also have free fully functioning demo accounts, where you can practice before jumping in with the sharks.

In conclusion, I recommend Ava FX as a broker. I have not had any problems with them and they seem legit and professional.

Forex Signals software utilise market signals; typically information from trading sources, and key market players. Because the forex market is made up of foreign currencies available for exchange, the signals are often the effects of changes in large imports and exports, and alterations to international trade policy. What forex signals software offers is a highly processed and calculated assessment of risks, rewards, and market information.

For the casual or beginner trader, very little experience is required in order to effectively monitor these signals. Most forex signal programs can be highly automated, and offer signals in whatever level of detail is required. It’s possible, with a reasonable amount of research and analysis, to detail investments with no previous experience, using forex signals software.

Forex software ranges in detail and scale depending on what level of trader is using the software. Large trading companies, or companies involved in large import-export operations will need to monitor forex markets extensively in order to best time shipments and orders. For these applications, forex signals software can be customized so as to best fit the company’s needs. Likewise, those who only require a basic analysis of a few currencies can alter their forex signals software to point them towards what is most useful and potentially high earning for investors with capital reserves of their size.

Almost all forex signals software is available online, with many options available for different traders. With the market’s being temperamental currently, forex trading can be a fruitful pursuit with the right software suite operating next to an intelligent trader. Since anyone with Internet access can make the most of forex signals software, it’s possible to enter the market with very little and walk away with a large amount of cash. However, it’s important to research any potential trades; while many people walk into forex trading thinking they’ll make ‘easy money,’ it’s not quite that simple.

However, forex signals greatly decrease the amount of manual analysis, monitoring, and research required to make informed forex currency buys. The markets are an important and potentially high-earning investment, and any competitive edge is welcome when lots of money is at stake. Traders looking for the ultimate advantage should undoubtedly take a look at one of the many forex signals software packages available on the internet today. The internet has lowered the barrier to enter the markets; now it’s up to you to make the most of them.