⚡ Build channels: you need to hold the lines of support and resistance, which connect the most important lows and highs of the price for a certain time period.
⚡ Make a trend analysis: with the help of trend indicators, you need to build the direction of price movement, determine the strength of the trend and warn about the possibility of a quick reversal of the market.
⚡ Carry out a graphical analysis: build graphical analysis figures, with their help it is easy to determine the upcoming price reversal or to confirm the current market trend.
What factors affect on currency quotes?
➡️ Change in exchange rates. Since quotations consist of two currencies, the change in the exchange rate of one currency can greatly affect the price of another one.
➡️ Interest rates of banks. It is a direct liquidity management, which can significantly affect the ratio of one currency to another.
➡️ Economic data. This parameter includes dozens of large and small factors: the level of inflation, the volume of gross national product, indicators of industrial production and even the level of unemployment.
TopAsiaFx.com helps you compare and choose your preferred Forex Broker. We suggest keeping the following checklist in mind when making your decision:
- Is the Forex Broker regulated?
- Account Details: Ideally, your broker should offer either a selection of account types or some element of customizability. Competitive spreads and easy deposits/withdrawals are good indicators too.
- Number of Currency Pairs offered: The variety of currency pairs on offer, as well as the quantity, should be considered (the more of both, the better).
- Availability of Customer Service.
- Quality of the Trading Platform: look for a platform that is easy to use, straightforward and offers a collection of technical and analytical tools to enhance your trading experience.
Rank Broker Name Special Offer Minimum Deposit Spread User Score Maximum Leverage Regulation Start Trading 1 NordFX 55% Deposit Bonus $10 0.0 Pips 96 1:1000 VFSC Open Account 2 SGT Markets Refer a friend $10 $500 0.0 95 1:400 IFSC Open Account 3 OctaFX 50% Deposit Bonus $100 0.4 94 1:500 IBC Open Account 4 Exness No $1 0.1 93 1:2000 FCA,CySEC,IBC Open Account 5 IC Markets No $200 0.0 92 1:500 ASIC Open Account 6 Tickmill $30 Welcome Account $100 0.0 91 1:500 FSA,FCA Open Account 7 Axiory $50 Deposit Bonus $200 0.0 90 1:400 IFSC Open Account 8 Justforex 100% Deposit Bonus $1 0.0 89 1:3000 IFSC Open Account 9 ThinkMarkets No $250 0.4 88 1:400 ASIC,FCA Open Account 10 XM $30 Welcome Account $5 0.0 87 1:888 ASIC,FCA,IFSC Open Account 11 FBS $50 Welcome Account $1 0.0 86 1:3000 IFSC Open Account 12 HotForex No $5 0.0 85 1:1000 INC Open Account
TopAsiaFx.com helps you compare and choose your preferred Forex Broker. We suggest keeping the following checklist in mind when making your decision:
| Rank | Broker Name | Special Offer | Minimum Deposit | Spread | User Score | Maximum Leverage | Regulation | Start Trading |
| 1 | NordFX | 55% Deposit Bonus | $10 | 0.0 Pips | 96 | 1:1000 | VFSC | Open Account |
| 2 | SGT Markets | Refer a friend $10 | $500 | 0.0 | 95 | 1:400 | IFSC | Open Account |
| 3 | OctaFX | 50% Deposit Bonus | $100 | 0.4 | 94 | 1:500 | IBC | Open Account |
| 4 | Exness | No | $1 | 0.1 | 93 | 1:2000 | FCA,CySEC,IBC | Open Account |
| 5 | IC Markets | No | $200 | 0.0 | 92 | 1:500 | ASIC | Open Account |
| 6 | Tickmill | $30 Welcome Account | $100 | 0.0 | 91 | 1:500 | FSA,FCA | Open Account |
| 7 | Axiory | $50 Deposit Bonus | $200 | 0.0 | 90 | 1:400 | IFSC | Open Account |
| 8 | Justforex | 100% Deposit Bonus | $1 | 0.0 | 89 | 1:3000 | IFSC | Open Account |
| 9 | ThinkMarkets | No | $250 | 0.4 | 88 | 1:400 | ASIC,FCA | Open Account |
| 10 | XM | $30 Welcome Account | $5 | 0.0 | 87 | 1:888 | ASIC,FCA,IFSC | Open Account |
| 11 | FBS | $50 Welcome Account | $1 | 0.0 | 86 | 1:3000 | IFSC | Open Account |
| 12 | HotForex | No | $5 | 0.0 | 85 | 1:1000 | INC | Open Account |
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