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UFXBank
EDITORIAL REVIEW:
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UFXBank:
When one takes a first look at UFXBank's forex trading platform, it's almost hard to believe that what
you're looking at is in fact a forex trading platform. The streamlined interfaces, the colorful graphics and
the overall eye pleasing appearance of the software has nothing in common with the forex platforms one sees on
a daily basis. Where are the crowded figures jamming up against each other at the bottom of a barely visible
technical chart? How come the trade set up panel is so clear and easy to find? It is as if UFXBank have
finally realized that unless a trader has had year of training and experience in the field, he has no chance
of making sense of the cluttered rubble filling out the traditional forex trading platform's interface.
The funny thing is that even if you have had years of experience in the field, the UFXBank platform is a
joy to use. Everything you need is right at your fingertips, so you can actually focus on analyzing the market
instead of spending hours looking for that particular chart, or figuring out how the forex events calendar
works.
For the novice trader this is of course paradise. Everything is visual and everything is explained. For those
with no patience to read forex guides and manuals (which they can do at UFXBank for free), they can simply
watch visual representations of their trades in the shape of a marathon or a match of tug of war. Even someone
with no clue about the workings of the forex market can figure out what to do within a matter of seconds.
It is this writer's opinion that UFXBank has shown us the future of forex trading, and if it remains as
comfortable to use as UFXBank's platform, the future certainly looks bright.
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Pluse:
• Intuitive trade interfaces
• Visual trade representations
• Good variety of interactive charting tools
• User chats and forums
• Good leverages
• Low spreads
• Free forex guides, glossary and tutorials
• Accurate trade executions
• Commodity trading
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Minuses:
• Download necessary
• Limited currency pair selection
• Small commission for carrying trades over the weekend
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Bottom Line: Here is where you'll make significant returns. Go for this one.
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I came to UFXBank after simply clicking on a banner ad and has already managed to become one of the most popular
by accident and I signed up because they said I
could open a demo account for free! Now I’m trading for real money a few hours every day and making a profit
as well. The funny thing is that I never even heard of forex before signing up but thanks to the practice mode
and the tutorials I quickly picked up the necessary skills and now I can say that I’m a professional forex
trader.
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UFXBank is one of the best forex platforms I’ve traded with
because they have a really nice platform with good
charting tools and because they have very low spreads on the pairs I like to trade. It’s also good to chat with
other traders while I’m monitoring my trades. It lets you pass the time and learn some news and strategies as
well. I think that this would be a nice feature to add to all other forex platforms.
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I read about UFXBank in my online friend’s blog
and decided to check it out, what the hell.
I really like the visual interface idea so I joined and I’ve been trading with [WhiteLabel] exclusively for
the past few months. What’s more they even made me a special market analyst on their blog, and I’ve won several
prizes in the Trading Challenge. Two thumbs up!
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I tried to trade forex before but I never really got into it
before I joined UFXBank. I finally found
the platform that would allow me to learn forex thanks to the visual aids, the forex guides and also my
account manager who’s been giving me tips on how to trade. I just switched to trading with real money and I’m
already made a bit of money. I hope that other people like me find out about UFXBank before giving up on
forex.
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UFXBank is unlike any other forex provider I’ve ever seen
and I love trading with it. I like the way the
platform is easy to navigate and I like chatting to other traders when I’m trading. Also the Top Traders
Insight is extremely helpful I imagine especially to rookies who don’t really know how to analyze technical
charts. I don’t see myself ever trading with another broker.
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EDUCATIONAL ARTICLES
Candlestick charts are yet another tool used in technical analysis. The data represented in a candlestick
chart is exactly the same as the data presented in a regular line graph of a currency pair’s price rate,
but its way of presenting this data can add an important dimension to your analysis of the data.
Most professional forex traders today tend to prefer candlestick charts to regular line charts, or at
least use the two in combination...
Read More
The forex market is a risky place. Placing investments in this market may well make you a profit,
but it may just as well make your investment disappear before your eyes. Luckily, there are ways to limit
or minimize the risks you are taking in the forex market, while still leaving your profit potential limitless....
Read More
Support and resistance are both two of the most widely used terms in the field of technical analysis.
These terms are used to analyze technical charts in order to spot a trend and to determine when this
trend will most likely turn. The concept is quite simple. On a technical chart, the terms apply both to
simple line graphs and to candlestick charts, a trend traces an easily recognizable pattern. This pattern
is a descending or descending zigzag line. The ups and downs of the line are called peaks and valleys, and
the tops and bottoms of these peaks and valleys are what forex traders call support and resistance levels....
Read More
One of the greatest advantages of the forex market is that it is open and functioning 24 hours a day excluding
weekends. This means that you can trade whenever it’s comfortable for you or whenever you get an important forex
hunch or hint. That’s all well and good, but you must keep in mind that not all hours of the forex market provide
the same profit opportunity. Profit is made when the forex market moves up or down, but making profit when the
forex market isn’t moving would prove to be a bit of a challenge...
Read More
If you’ve ever traded forex then you probably know that all forex traders use leverage in their positions.
Leveraging trades has become such common practice in the forex trading industry that today it’s hard to find
completely unleveraged positions in the market. Since price rate movements in the forex market are usually
very minute and almost unnoticeable, traders need to invest huge amounts of capital in every position in
order to profit from the market movements. The problem is however, that most traders in the market, with the
exception of immense financial institutions such as banks, don’t have the kind of capital it takes to make
real money off their investments...
Read More
If there is such a thing as the secret to long term success as a trader in the forex market, it’s money management.
Money management is not some vague abstract forex term, it literally means managing your money wisely. This may
seem very basic, but you would be surprised how hard it is to manage a forex account and to stick to your money
management principles. Part of the joy of forex trading is that it’s exciting stuff – currencies going up and down
all the time, fantastic leverage opportunities and multiple simultaneous trades make it all too easy to get carried
away and quickly end up with a not so exciting zero in your account balance...
Read More
Technical or trend analysis presupposes that past market movement gives traders an indication of future market
movement. This seems like basic stuff but it is the most useful and popular forex analysis tool among forex traders
today. Spotting when a pair is trending and when it isn't is the key to consistent profit in the forex market.
Once you identify a trend, you can predict what direction the rate of a currency pair will take and you can
exploit this knowledge to your advantage by opening a position in that direction...
Read More
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LIVE QUOTES:
SPECIAL REPORTS
Candlestick charts are yet another tool used in technical analysis. The data represented in a candlestick
chart is exactly the same as the data presented in a regular line graph of a currency pair’s price rate,
but its way of presenting this data can add an important dimension to your analysis of the data.
Most professional forex traders today tend to prefer candlestick charts to regular line charts, or at
least use the two in combination...
Read More
The forex market is a risky place. Placing investments in this market may well make you a profit,
but it may just as well make your investment disappear before your eyes. Luckily, there are ways to limit
or minimize the risks you are taking in the forex market, while still leaving your profit potential limitless....
Read More
Support and resistance are both two of the most widely used terms in the field of technical analysis.
These terms are used to analyze technical charts in order to spot a trend and to determine when this
trend will most likely turn. The concept is quite simple. On a technical chart, the terms apply both to
simple line graphs and to candlestick charts, a trend traces an easily recognizable pattern. This pattern
is a descending or descending zigzag line. The ups and downs of the line are called peaks and valleys, and
the tops and bottoms of these peaks and valleys are what forex traders call support and resistance levels....
Read More
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