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FXCM Forex Broker Review

Forex Capital Markets was founded in 1999 and had been headquartered in London. The broker is regulated by top-tier regulatory boards, which means it is a low-risk brokerage firm. FXCM is a subsidiary of the publicly-listed company Jefferies Financial Group Inc., which is listed on the Fortune 500. 

Since its founding, the broker has grown and had established international offices. It is also licensed in many regulatory boards globally. It exited the U.S. markets in 2017, which means that the broker no longer accepts clients based in the United States.

DowMarkets Review - Pros, Cons and Verdict

DowMarkets Review – Pros, Cons and Verdict

The rise of the Forex industry provided investors and traders immense opportunity to expand their financial portfolios. This, too, allows them to widen their margin of profitability as large financial options are made available for anyone who is interested. As this newly introduced trend continues to dominate the financial world, its benefits reach not only market participants but also the brokerage companies.

DowMarkets: an Overview 

Foreign exchange firms mushroomed online with the intention of rendering the best Forex solutions. This is advantageous since the growing population of brokerage companies gives traders wider choices. However, some companies are eager to acquire clients that they often resort to fraudulence. As this issue persists for far too long already, many had grown skeptical over the credibility of foreign exchange. This explains why the internet is flocked with bad forex reviews and negative tags, including “why forex is a scam.”

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Is Forex Broker LexaTrade scam or not?

Choosing a broker is one of the key tasks for a trader. A lot depends on the quality of the services provided by him. A good choice would be a Forex broker, which everyone calls LexaTrade scam. This company offers a wide selection of financial instruments, favorable trading conditions, and quality service. The broker was registered in 2018 at Saint Vincent and the Grenadines. The company has a certificate of conformity IFMRRC No. 0395 AA V0142 and is licensed by the Securities Commission.

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How to Use Fibonacci to Set Stop Loss

In a previous article, we have discussed the definition of Fibonacci and demonstrated how to draw and use the retracement levels. However, just as important as identifying these retracement levels is determining how and where to set your stop loss.

Before you open a position using one of the Fibonacci retracement levels, it is important that you have a boundary or a limit to your potential loss, in case things get out of hand. Do not enter a long or short position without having an exit plan.

In this article, we will demonstrate two ways of using the Fibonacci retracement tool in setting your stop loss.

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What is Fibonacci Retracement?

The Fibonacci Retracement is a forex strategy that pinpoints potential levels at which the price moves back to the direction of the trend after a pullback. It uses the concept of Fibonacci or the sequence of numbers that are coordinated with numbers previous to it,...

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