forexbroker guideChoosing the right forex broker to conduct your foreign currency exchange trading activities seems relatively easy on the surface. Unfortunately, when you look a little deeper, you’ll soon find that it’s important to choose the right account to suit you, or you could face problems later.

Many people still dont believe that you can earn money with forex, just look at Yahoo Answers forum and you will see those questions. People think it is TOO GOOD TO BE TRUE. You’ll need a forex trading account if you intend to generate profits from trading foreign currencies, and an online forex account can give you a significant amount of freedom. When you trade online, you have the ability to place trades at any time of the day or night from anywhere in the world with an internet connection.

Here are some other considerations to think about before signing up for your forex account:

Broker reputation is first thing to look for !

One of the first things to look for is the overall reputatoin of a company you want to deal with. First of all, head over to most famous forex trading forums and check whether your chosen broker in Vietnam has got good reputation. You will have to figure it out on your own, simply by reading many threads, where people discuss the company they trade with right now.

“In case you find a brokerage that seems to be inserious leave it! Do not put all your money in it, under no circumstances !”

Trading Costs

Most forex brokers don’t charge any trading fees or commissions. Instead, they charge a ‘spread’. This is the difference between the bid and ask price. They add the spread onto the price of the trade and keep this as their fee for your trade. Spreads can vary greatly between brokers.

It’s important to understand how these things are calculated, as you may find that the bid/ask price represents a spread that is higher than other brokers may charge and could impact your profitability.

You could also find that the type of forex trading account or online forex account you choose can impact the trading costs associated with trading. This means some brokers will charge a much lower spread for high-volume traders and charge a higher spread for those traders who place trades less frequently.


Even though you might think one single pip (or point of currency value) might not look like much, consider trading on a 5 pip spread instead of a 4 pip spread. One tiny pip worth of currency value looks so incredibly small. Yet it still could represent a 25% on your overall trading costs.

When you multiply this amount by the amount of high leverage available through most forex trading accounts, those tiny pips suddenly multiply into vast amounts of money. This is especially true with leverage available of ratios up to 200:1.

Demo Account

Before signing up for a forex trading account, be sure you have access to a demo version. This can allow you to see how the spreads are calculated, how the platform works and what kind of analytical information is available on your online forex account. For instance ETORO broker and Plus500 broker are very popular among vietnamesse traders.

You also have the opportunity to place trades within your demo account that can show you how quickly each trade is facilitated and executed. You’ll be more aware if that particular forex account is the right one for you before you commit any of your own money into the deals.

Trade Sizes

There are plenty of forex accounts that accept standard sized trades, but if you’re a little more cautious about how much of your own money you want to spend, you might consider opting for a micro trading account or even a mini trading account.

These can allow you to place trades for significantly smaller amounts, which can limit the amount of capital you expose during each trade. You will also find that the amount of deposit needed to begin trading is also substantially lower, ranging from just $25 to get started up to around $200. These types of online forex accounts can be an excellent way to get a feel for forex trading.


September 15, 2014

Dear readers,

Please find  two videos below, both were shoot at the latest Asian Economy Conference.

Part 1


technical analysisEverywhere you look online are ads and banners promoting becoming involved with FOREX. The ads frequently talk about how you can make a great deal of money by trading currencies, how their company can help you with detailed technical analysis to insure you are profitable, as well as whatever other feature is the buzz word that week. Do not get me wrong, I am not against FOREX. What I see is that many of these ads have the opposite effect of what they desire to do. Instead of encouraging people, their use of fancy words and terms may be scaring people away. For many people the concepts of FOREX are a part of their daily lives. A member of the military stationed overseas gets paid in dollars which he has to convert to the local currency to pay his rent and other living expenses. When you talk about trading in foreign currencies you are just doing the same thing. The difference is that you are trying to time your purchases so that you can earn a profit. You will have to look beyond what the market is today but what you think it will be in the future. One of the scariest things for a new trader is Technical Analysis. Dont get me wrong, one does not need Harvard Executive Education to master technical analysis.


September 1, 2014

Asia is definitely the fastest growing region of the World in 21st Century….

analysisThе trend іѕ уоur friend. Thіѕ іѕ а fundamental ѕауіng оf technical analysis.

Learning technical analysis саn bе а fun аnd rewarding experience. Aѕ wе progress аlоng оur technical analysis education journey, wе wіll bе learning аbоut mаnу techniques, indicators аnd formations. But bеfоrе wе gеt tоо involved, іt іѕ important tо discuss оnе оf thе mоѕt basic tenets оf technical analysis: investing WITH thе trend.


Onе оf thе fundamental concepts оf technical analysis іѕ thаt markets, including stocks, futures, forex, etc., tend tо rise оr fall fоr extended periods оf time. Whіlе thеу dо nоt gо іn а straight line, but іn jagged moves, thеrе іѕ аn оvеrаll direction оr trend tо prices. Typically, оnе оf оur fіrѕt tasks іѕ tо identify thіѕ trend.

..”Thеrе are, оf course, аlѕо times whеn thе market іѕ nоt trending. It mау bе choppy, gоіng nowhere, оr іt mау bе moving sideways. Wе аlѕо nееd tо knоw whеn thе market іѕ nоt іn а trend.”..


If you have a plan to invest during the crisis, you should look for a invest in crisiscompany where your investment is secured. Before you start investing, think about the reputation of the company. During financial or economical crisis, you should invest on a company that has a good record in terms of service and integrity.

A business may face certain times of struggles and minor financial problems and even those that are prominent within the industry have no power to escape from these situations. On the other hand, if the company has excellent track records and financial reports, it will always be capable to survive the challenges without causing any bad effects on the money invested on them by their investors.