Broker Scan

BRIEF REVIEW OF FOREX TRADING

Forex trading can be simply defined as the buying and selling of currencies. It is the exchange of one foreign currency for another foreign currency. Just like every other investment market, the aim is to buy something that in time will appreciate, and then sell it to make a profit. Forex trading is the biggest and fastest growing market in the world today.

Daily Charts Are Your Friend

Forex trading cаn bе а vеrу profitable business іf уou knоw whаt уou аre doing and mоst importantly hаve thе time tо do it. Most new traders gеt intо thе game learn abоut scalping аnd making thе quick bucks trading оn 5min аnd 15min time frames. While the lower time frames do work for manу people аnd mаnу аre profitable wіth thаt time оf trading, I find it constraining wіth mу lifestyle.

BROKER BANNED FROM TRADING

The Financial Services Authority has banned a senior interdealer broker from working in regulated financial services after he was found to be operating without FSA approval.

Daniel Hassell worked for Vantage Capital Markets despite both him and the company being aware he was not considered to be a "fit and proper person" by the regulator.

The company was fined £700,000 in June last year for employing Mr Hassell in a position of "significant influence".

BROKER TIP: BARCLAYS

How Barclays’ management addresses the group’s challenges in its 2010 results will be critical to convince the market of its ability to make attractive returns, according to Japanese broker Nomura.

“With a new chief executive officer presenting, any comments made around initiatives to improve group returns will be an important indication for the shares. In our view, the market will likely be looking for mention of specific plans rather than generic targets and we remain cautious on any optimistic expectations of fast step change,” says analyst Robert Law.

INDIA INVESTIGATE BROKERS

India's Reliance ADA Group said on Friday it had identified stock brokers sending "baseless sensational charges" against the group through emails, text messages and voice calls and was seeking regulatory investigation against them.

The group did not name any of the brokers but said in a statement it was seeking "punitive interim orders" against them.

Shares in the companies of the group led by billionaire Anil Ambani fell sharply on Friday morning, for the second time this week.

BRASIL BROKERS RAISE $103

Brazilian real estate brokerage company Brasil Brokers Participacoes S.A. (BBRK3.BR) said Friday it has raised 173 million Brazilian reais ($103 million) from a follow-on offering on the Brazilian Stock Exchange, or BMFBovespa.

The company sold 21.9 million shares, each priced at BRL7.90.

Credit Suisse, Morgan Stanley and HSBC coordinated the offer.

Brasil Brokers said it will use the proceeds to finance its expansion plans, including acquisitions.

FOREX BROKER SCAN

A key requirement for success in forex trade, the right forex broker services can offer several benefits. They enable you to enjoy round-the-clock support, the right trading platform and the financial knowledge and experience for enhanced profit making. However, the pertinent question is how to find the best forex broker services that best suit your needs.

Here are some tips to find the best forex broker services online:

* Research: Research online to find various forex broker companies. Choose one that is a leader and a trusted name in the field.