The best Forex broker for Americans to trade currency is a question that gets thrown around a lot in the industry, and rightfully so. Finding the best Forex brokers for US traders can be difficult, especially considering that not all brokers have enough experience with US accounts. Because of this, some might hesitate before signing up for their services with the worry that they won’t be able to comply with U.S. laws and regulations.
The Best Forex Brokers For US Clients?
The best forex brokers for US clients are those that are registered with the NFA and CFTC. They also have to be regulated by the National Futures Association (NFA) and the Commodity Futures Trading Commission (CFTC).
If there is no regulation then it’s not necessary that your money will be safe. Even if you lose it, you won’t get it back and may face lawsuits for trading on an unregulated broker’s platform.
The problem with many of these websites is, however, that they have a commercial interest (they make money from commissions when traders using their websites open accounts with brokers), so they only show information from brokers that pay them a good commission for each new customer. You should take such ratings with a grain of salt because they are most likely biased.
How We Selected The Best Forex Brokers?
There is no easy way to decide what the best forex broker is. It all depends on how you define “best”. We have selected a few brokers that we’ve found to be trusted partners for traders around the world. These brokers will not only satisfy your needs for a reliable and high-quality trading platform but also provide you with the best forex bonus and all other benefits you can expect from an experienced forex broker.
To select the top five forex brokers, we took these factors into consideration:
Regulations and licensing: The broker’s regulation is one of the first things we check when reviewing a broker. This ensures that your money is safe and protected at all times.
Trading platforms: We need to make sure that everything works as expected and there are no issues regarding the trading platforms. We test each platform thoroughly before making a final decision.
Customer support: Regardless of how good a broker is, there will be times when you will need help or have questions regarding your trading account or something else. In such situations, it’s good to know that there is someone available to answer your questions 24/5.
What is the triangle pattern forex?
The triangle pattern forex is an unbeatable strategy to trade forex and the pattern is used very often by most traders. The triangle patterns are highly predictable and this makes it very easy for the traders in recognizing and acting out before the breakout happens. In most cases, a triangle pattern will undergo 3 phases which when coupled together creates a powerful winning strategy.
Descending triangle:
The descending triangle pattern is a bearish continuation pattern that usually forms during a downtrend as a consolidation period before the trend continues down. The descending triangle pattern is formed by a horizontal support level and a downward sloping resistance level. Descending triangles are generally located at the end of a down-trending move and are seen as bearish continuation patterns.
Symmetrical triangle:
The Symmetrical Triangle chart pattern, also known as Coiling, usually signals a continuation of the previous trend.
The pattern is most significant when found in an uptrend because it usually leads to higher prices. A Symmetrical Triangle that forms in a downtrend typically signals a continuation of the decline.
Sometimes the Symmetrical Triangle is identified on price charts, but it can also be found with indicators such as MACD or RSI. These indicators can be used to confirm whether a Symmetrical Triangle on the price chart has formed.
Ascending triangle:
The Ascending Triangle chart pattern is a bullish continuation pattern. This pattern starts with a strong uptrend, followed by a period where the upper trendline is flat and the lower trendline is rising.
The volume will usually decrease during the formation of this pattern, indicating that fewer and fewer investors are interested in buying at current prices. When the price breaks out of the triangle, the volume will increase rapidly as investors come back into the market.
