Saturday, November 5, 2016

Welcome to Australia forex brokers


Australian Forex brokers
Welcome to Australia Forex brokers blog. I am Jerry living in Australia from last 10 years. I started Forex trading 2 years back as part timer but now days; it’s my full time passionate job. I had earned a lot of money from trading currencies online in this period and that’s a reason I took myself a boss of my own. Intention to start this blog is to give Aussies a chance to better understand Forex market in Australia as well as pointing all information regarding choosing a good broker to trade.
Australian Forex market is comparatively small as per its overall size to other international markets but local market has already grabbed the overseas market in term of investment done in this regard. As per my research and the stats gather from different sources, more than 70,000 individual investors or traders done online trading in 2011.
Forex trading in Australia had incredibly grown last year and this trend gains around .30% of adult population which is relatively a bit higher penetration as compared to other international markets examined by Investment trends.In comparison, only 0.14 per cent of adults living in the United Kingdom traded in FX, while in Germany this percentage was even smaller at 0.03 per cent.
start forex trading now - australia
This trend reflects strong Australian economy and most importantly, power full Australian currency combo with mild regulatory environment as compare to Asian markets. If you will go for overall Forex brokers in Australia, there is no such dominant player and each one of them have relative share in the market.
Forex trading in Australia
There are a number of leading Australian Forex brokers that have taken their strides and established regulated offices in Australia. They offer excellent online trading services and some also allow investors the ability to trade multiple products in multiple markets using one trading platform and one trading account.


As per my own experience, Forex broker should be regulated by any international regulatory authority. I am personally trading with the forex broker who is regulated by FSA UK so it is not something curios if the broker is not regulated by Australian Securities and Investments Commission (ASIC) .  

Friday, February 5, 2016

HY Markets Unaffected by Swiss Franc Movement (CHF) - Australian Forex brokers

HY Markets, the leading online trading broker, confirmed that their financial position is unaffected following the extreme movement in the price of the Swiss franc this Thursday. "We want to reassure our clients that all of our systems, controls & policies properly manage the firm’s position & credit risk." said HY Markets officials. "We always make sure that all retail client funds continue to be segregated on a daily basis in accordance with FCA rules and that the Firm continues to hold Regulatory Capital well in excess of the amounts required by the FCA-UK". For more information, visit HY Markets Official blog.

Monday, November 10, 2014

Forex Managed Accounts in Australia | Aussie Forex brokers

Hi Guys, if you are looking to invest in Forex and don't know how to trade Forex, you can go with Forex managed accounts in Australia. That is very handy option because of very reason. First because it is managed by Professional Forex traders who know how to invest in your money and when to invest it and second but not least, they are earning profit for you. But don't be in Rush as you need to be very careful while choosing trusted and reliable Forex managed account company  in Australia.

Now a days, Forex managed accounts are growing rapidly in Australia and lot of Aussies are pouring their money with Forex fund managing companies but at the same time, lot of scams are happening as well. Technically, Lot of Australian Forex brokers are giving this option to have Forex managed accounts but please make sure, you are dealing with ASIC regulated Forex broker. Recently, Monarch FX been pushed to Federal court of Australia by ASIC on the scam issue so be careful. Below are benefits of Forex Managed Accounts.


1. Professional Capital Management – 


Managed Forex accounts offer professional capital management without excessive management fees. The account manager is a professional money manager and makes investment decisions according to the criteria set by the investor. The investing knowledge and experience of the professional manager can help a managed account trade more successfully in cases with inexperienced investors or those new to the Forex market. 

2. Less Investor Time and Effort Required – 

Accounts which are professionally managed are handled without requiring a significant amount of time and effort. If an account is not managed by a professional money manager then the investor will need too pay close attention to the markets and the account holdings. The account manager will locate good investments and make beneficial decisions for investors. These accounts do not require close monitoring and the investor time requirements are minimized.

3. No Forex Market Experience Needed – 

One of the top benefits of managed Forex accounts is that the investor does not need any experience on the Forex market. Without a professional money manager an investor would need to learn everything possible about trading on the Forex market in order to find and compare the best investment choices. When the account is managed by a professional then the investor relies on the moneymanager for smart investment moves.

4. Affordable Professional Advice – 

Some investors are comfortable making their own investment decisions without any expert advice or professional assistance. Some investors need this help though. A financial manager can be consulted but the cost of this advice can be high in many cases. Choosing Forex accounts that are professionally managed allows the investor to get the desired advice and recommendations at a price that is much lower. Each investor pays a small fee for the account management and expert advice is available all the time.

5. High Level of Liquidity – 

A high level of liquidity is another of the many benefits of managed Forex accounts. Some investment choices may not be very liquid so if the investor wants to leave a position this may take some time because a buyer needs to be found. The Forex market is very liquid so this is not an issue no matter when the investor chooses to sell.

6. Lower Initial Investment Amount Required – 

Forex trading systems have a lower initial investment amount required than other types of investments. This allows investors to benefit regardless of the investment budget available. Some mutual funds may require thousands of dollars to start trading but Forex accounts can be opened with a very little capital.

7. Investing Flexibility – 

One of the big benefits with managed Forex accounts is the investment flexibility that these accounts offer. The investor can always add or remove funds from the account and make changes to the account preferences in place. This type of account offers more flexibility than many other investment choices. Market positions can be quickly entered and exited with no hassle and very little time or effort. This flexibility is one of the most popular benefits for investors.

ASIC vs Monarch FX - Federal court of Australia

ASIC has commenced proceedings in the Federal Court of Australia to stop Monarch FX Group Pty Ltd (Monarch FX), and its former director and general manager, Quinten Hunter, from carrying on a financial services business. The Federal Court of Australia made interim orders on 10 October 2014, restraining Monarch FX and Mr Hunter from doing various things, including carrying on a financial service business, until 4.00 pm on 21 November 2014. These orders will remain in place until that time.

Monarch FX provides FX signals to consumers who purchase memberships with the company. The signals are automatically executed on members’ trading accounts. ASIC is concerned that Monarch FX is not licensed or authorised to operate certain services which include its Managed Discretionary Account (MDA) services which it operates by automatically executing trades on members’ trading accounts without prior reference to those members for each transaction recommending members establish a self-managed superannuation fund (SMSF) to purchase its memberships, and then use money from their SMSF to trade in foreign exchange contracts, and arranging for its members to enter into foreign exchange contracts.

ASIC is concerned about the number of companies operating similar business models to Monarch FX, which use trading software to automatically execute trades in foreign exchange contracts on clients’ accounts without instructions for each transaction. ASIC considers that this would constitute an MDA service, which requires operators to hold appropriate Australian financial services (AFS) licence authorisations and conditions. ASIC has issued Regulatory Guide 179 Managed Discretionary Account Services (RG 179) and several class orders setting out how MDA services for retail clients must be operated.

Given the dangers and complexity of foreign exchange trading, consumers should understand the risks before investing and, particularly, establishing a SMSF in order to trade in foreign exchange. The next hearing of the matter will be on 21 November 2014 at 9.30 am.

Wednesday, October 22, 2014

Binary Options in Australia

binary options australia
Binary options are getting trend in Australian online trading industry now a days and more traders are jumping to trade binary options. However, it should be noted that binary options are not been regulated until now by Australian securities and investment commission (ASIC) who is watch dog for all brokers in Australia. In Europe, Binary options come under gambling so no tax but in Australia, there is. :)

It is worth noting that all regulated Australian binary option brokers already have existing operations in FX/CFD markets and have started offering binary options as an extension of their current ASIC license. If a broker already has an ASIC license to offer margin FX trading services, they are able to offer binary options as well.
The big issue ASIC (and other regulators) have with binary options is that they are not a traditional asset class. They are essentially a betting game on the outcome of an event. The payout structure is also unlike any other financial asset. If a binary option expires ‘out-of-the-money’ the client loses 100% of his investment, but if the client’s option expires ‘in-the-money’, the client can expect to earn around 80% or less. A negative cumulative payout is achieved and the broker can expect to ‘beat’ the client the more the client plays. This has led to calls from across the financial services industry for binary options to be classified as ‘gaming’ platforms in a similar vein to sports betting. In this case, all regulatory oversight falls under the jurisdiction of the applicable Gaming Commission.
So far Binary options are only regulated by Cyprus Securities and Exchange Commissions (CySEC). Malta , Japan and several countries are looking forward to make them regulated.
There’s very little ASIC can do to stop jackpot hunting retail traders from participating in binary options trading. Clients can open accounts outside of Australia in regions such as New Zealand or Cyprus but forego all regulatory protection. Given that most binary option buyers are retail clients on the hungrier side of the risk appetite scale, it’s highly likely that unregulated brokers from across the world will continue to tap the Australian market because of the tendency of retail clients to overlook stability in favor of profit potential. Oftentimes, retail clients are not even aware from which country their binary broker is operating from.

DMM FX - Australia- launched Binary options platform

Online Forex and CFD broker DMM FX Australia (DMM FX) has announced the launch of their Binary Options Trading Platform and Website. DMM FX CEO Koji Miura spoke about the company’s latest offering. “We have introduced the DMM FX Binary Options Trading Platform and Website. This is a great alternative for anyone looking to trade with a greater degree of risk certainty and ease. The risk and reward is clear prior to placing a trade. We offer 3 minute trading with a 60 second payout time. Our web-based platform caters for those new to trading through to experienced traders. Our clients will still enjoy the benefits of zero account and commission fees with a DMM FX Binary Options account, just as they do with a Standard FX Account.”
Binary Options is a relatively new and exciting trading option which is sure to attract those who hadn’t previously been traders. Skilled traders will be impressed with Binary Options as an alternative to Forex. DMM FX offer an easy 3 step order process, which yields quick results with limited risk. This is a great opportunity for traders to combine their Forex and Binary Options accounts under one roof with a reliable broker, regulated by ASIC. DMM FX Binary Options are available for the following pairs: AUD/USD, EUR/JPY, EUR/USD, GBP/JPY, GBP/USD, NZD/USD, USD/CAD, USD/CHF, and USD/JPY.

60 seconds binary option strategy

60 seconds binary option strategy
Options trading comes in several unique forms. One type of option is a binary option. A binary option is one that pays out of a stock price in within a pre-determined interval at a particular point in time. There can be a considerable amount of flexibility as to the time period in question, from very short periods of time to longer ones.
60 second binary options trading represents a very short-term trading strategy or protocol. This type of option allows a trader to predict the direction of a stock price within a very short period of time, exactly one-minute.
The trading of this type of binary options involves the examination of a chart with current stock price data. A person then makes a decision as to whether he or she feels that stock price will go up or down at the conclusion of the one-minute interval.
Because the time frame associated with these types of trades is so short, these trades occur at a very high frequency. This requires a person to make decisions about price direction and related issues in a highly compressed period of time, within a matter of seconds.
Due to the fact that the trading through this type of binary strategy occurs at an extremely high-speed, a person should not jump into this type of activity without undergoing an educational process. The best way for a person to prepare to take part in 60 second options trading of this nature is to establish and utilize a demo account.
A demo account provides a person a variety of trading scenarios. In addition, a demo account is extremely helpful in aiding a person to be able to effectively make trading decisions in a matter of seconds when needed.
A person should never engage in real-money binary trading of this nature until he or she masters the process through a demo account. The amount of time this takes depends on an individual. Some people simply are able to master the demo account faster than other individuals.
A person who masters the demo account and moves on to real-money account trading has the potential to make a good amount of money through the process. However, this type of option trading -- as is the case with all types of option trading -- comes with associated risks. Therefore, a person needs to be prudent when it comes to investing in this type of option. Good luck and trade smart!

Friday, November 15, 2013

Australia Forex Market Hours


Australia Forex Market hours

One of the most stated facts about Forex trading in Australia is its market hours. It operate 24 hours a day with three sessions forming this market namely the Asian session, US session and European session. In between each session, there is a period of time where two sessions are open at the same time. This occurrence is known as a session overlap. From 3:00 PM to 4:00 AM EDT, the Tokyo session and London session overlap while from 8:00 AM – 12:00 PM EDT, the London session and the New York session overlap. During session overlaps, the markets are very liquid, meaning that there are a lot of trading activities going on at these times. Naturally, these are the best times to trade. While the extent of Australia forex trading hours allows you to place and execute trades at any time of the day or night, anywhere in the world, there are some times where the volume of trades is significantly higher. For example, those hours where the North American and the British markets are still open simultaneously, you’ll find there is a far greater trading volume. The same is true for the Australian and Tokyo market overlap, as well as the Tokyo and British time overlap. This can mean your trades are executed more swiftly and there’s more liquidity in the market. The first hour after one of the major market opens is very important to serious Forex traders. This is because the opening can sometimes indicate early trends emerging within a market. Keep a careful watch on the Australia currency trading hours while you’re trading. You’ll find it much easier to plan when to place your trades for fast liquidity.

start forex trading now - australia

Here is a tool, you can find about Australian Forex Market hours . Please put the time zone according to Australia forex market hours. Mainly there are four main forex markets which are located in -New York -London -Tokyo -Sydney





So, when you try to determine the best time to trade the forex market this information would prove very useful. Trades have almost always the same relative frequency and until the forex market remains open, the probability of finding a trade whenever you look is almost the same. This is all about volume of trade. It is determined by the number of markets that are open and the number of times each of these markets overlap with each other.
Keeping in mind the forex volume is extremely essential. It is generally seen that the volume of transactions remains high all through the day but when does it peak? The answer is when the Asian markets with Australia and New Zealand, the European markets and the US markets open simultaneously. This is the best time to trade the forex market.
start forex trading now - australia

Friday, October 25, 2013

Australian Dollar Climbs On Upbeat Chinese PMI

Aussie Dollar
The Aussie advanced 0.3% against the greenback on Thursday, after the release of the Chinese HSBC flash manufacturing PMI rose to a seven-month high, lifted by the higher commodity prices which also supported demand. The Australian dollar advanced 0.24% higher at $0.9648 against the US dollar as of 5:30am GMT, after the aussie reached its highest level since June 3.
The aussie rose 0.20% higher at A$1.4288 against the euro at the same time.
China’s HSBC’s flash Purchasing Managers Index (PMI) came in at a reading of 50.9 in October, advancing from its previous reading of 50.2 in the previous month. An index reading above 50 indicates an expansion in the sector. Meanwhile China’s benchmark money-market rate advanced for a second day, rising to its highest level since July.

Commodity Currency

The Australian dollar edged higher against the greenback on Thursday, driven by the high oil and metal prices lifted commodity-linked currencies. New Zealand’s kiwi rose 0.35% higher at $0.8414 against the US dollar at the time of writing, while the Canadian dollar advanced 0.08% to C$1.0374 at the time of writing.
While the West Texas Intermediate crude climbed 0.63% higher at $97.47 per barrel, while the European benchmark Brent crude oil was seen trading 0.05% higher at $107.87 per barrel at the time of writing. Yellow metal contracts for December edged 0.15% higher to $1,336.10 an ounce on New York’s Comex at the time of writing, while silver futures added 0.52% to $22.735. RBA Deputy Governor Philip Lowe said the he observes signs of improvement in the country’s economy and Australia’s central bank is at a stronger position after the one-off grant from the government. He also commented on the positive developments from China, which are important to Australia.

Australia’s Benchmark Index Jumps To Highest Level.

The Australian S&P/ASX200 index rose 37.3 points higher at 5358.8 points, its highest level since February 2008. “It looks like a good firm opening and that just follows on from the US on Friday night,'' said Ric Spooner, chief market analyst from CMC.
Last week the European and US markets finished the week in a positive territory after the 16-day US government shutdown ended. According to Mr Spooner, the local market is at a inflection stage at which it could either rise in the coming weeks or fall and drop back.
“It will be interesting to see which way the market plays it over the coming days,'' Mr Spooner added. Investors and analysts are focusing on the BHP’s production report and the US jobs data expected to be released later today. BHP Billiton was seen edging 32 cents higher at $36.07 while Fortescue Metals Group jumped 8c to $5.38 and Rio Tinto gained 28 cents to $63.78.
The main four banks also saw gains with Westpac advancing 35 cents to $34.35, ANZ gained 26 cents to $32.12 while the Commonwealth Bank jumped 42 cents to $74.49 and National Australia Bank edged 28 cents higher to $36.26.

Aussie Dollar Reaches Fresh High | Aussie Fx brokers

Aussie Dollar Reaches Fresh HighThe Australian dollar rose, reaching a four-month high, trading at approximately US96.73, driven by the commodity prices. Australia’s biggest exporters have remained sturdy, showing signs of strong Chinese steel industry activity, according to Ray Attrill, the head of currency strategy at National Australia Bank.
Last week, the Reserve Bank of Australia said that it is not in a hurry to cut the interest rate any further. "It's hard to see the RBA cutting rates given improving confidence and house-price
gains. Unless data turns this thesis on its head in coming weeks, November and December are shaping up as on-hold months," Mr Attrill said. Analysts are expecting the third quarter inflation data will be tough to predict whether the central bank will cut its inflation rate further.
According to a survey compiled by the Wall Street Journal, approximately 14 economists are expecting the inflation to increase by 0.8% in the third quarter from the previous quarter and a rise of 1.8% in a year. "Inflationary pressures should remain muted and should reinforce to the RBA board that an easing bias remains appropriate," Sue Trinh commented, currency strategist at RBC Capital Markets in Hong Kong. HSBC Australia’s chief economist, Paul Bloxham said that the record-low interest rate are starting to boost parts of the economy such as the housing sector, business sector and consumer confidence.
"Inflation is expected to be low enough that the RBA could consider cutting rates. But, at the same time, the cash rate is already low, monetary policy is gaining traction in the housing market, and confidence is lifting," Mr Bloxham said. "It is becoming increasingly clear that while the RBA remains concerned about the economic growth transition from mining investment to non-mining investment, the RBA is also somewhat concerned about record low interest rates lifting local Australian house prices to elevated levels," Commonwealth Bank of Australia (CBA) stated in a note to clients.

What is "Forex Market maker" , "Dealing desk vs no dealing desk" ?

market makers, dealing desks vs non dealing desks

Market Maker

With the Forex market being the world’s largest financial market, traders can come across a lot of fraudsters that pretend to be a Forex brokerage company. Most of them use the Market Maker method to rip-off traders that are looking for the fastest way. This leads to traders losing their money through trading with unregulated and unreliable brokers. Market Makers are dealers that quote both the bid and ask prices and also create a two-sided market by taking the long and short positions to profit from the spread. It provide traders with high liquidity, however some traders lose their money because of the lack of experience.
The Forex market use to be a financial system used by only banks to trade currencies against each other, which have expanded and grown with the use of technology, such as the internet. Through the internet anyone can start trading with just a small amount of money in their account with a forex brokerage company which is eligible to trade on the Foreign Exchange Market. Banks and big financial corporations use the electronic systems to trade currencies in bulk. Single traders however, would need huge amount of money in their accounts to be able to trade with banks and with financial corporations.

Dealing Desk

When a forex broker act as a Market Maker, the forex broker uses a dealing desk to take the orders and give currency rates to clients that they would trade on. Most currency rates provided to traders are either the same or close to what the banks provide the forex broker. So when you win a trade, you profit from your Forex broker or it can be the other way round when your broker profits from your losses. Dealing desks can also be found in banks and large finance companies to execute trades in securities. A lot of financial institutions have dealing desks around the world.
Some of the advantages of using Market Maker broker includes, the minimum amount required to trade, the bonus you receive with your first deposit and many more. However there are a few disadvantages when you use the small Forex companies, such as the poor customer service, slow server connections, limited trading styles etc.

Non-dealing desk

A non-dealing desk is when a forex broker company automatically offsets positions to liquidity providers such as banks, hedge fund and so on, instead of keeping the orders for itself. As mentioned earlier, forex brokers can make money from your trading losses. The forex broker may want to keep the order for itself if the broker is certain that the price will not go the way you predict or the forex broker can offset orders to the interbank.

Banned Aussie trader hits back at ASIC

After failing to lodge an annual compliance certificate when requested, South Australian director of Gryphon Financial Alexander Dryden was banned by the Australian Securities and Investments Commission (ASIC) for six months. Mr Dryden spoke to The Adviser, saying that he complied with the requests of the financial authority and received his compliance certificate in August.
“Before ASIC came in for the review, I made sure all our compliance and paperwork was up to date," Mr Dryden said. “I told ASIC prior to them coming in that I would hold back my compliance certificate submission until such time that the review was over because I wanted to ensure my processes were compliant. I didn’t want to put in my compliance for the previous year if I had problems.”
“They only picked up one area of concern in my mandate, which I’d been using for many years; I had a clause in there that I could put a caveat on the property. I’ve never ever put a caveat on a property, and the moment they said I couldn’t have that there, I immediately removed it,” he added.
“It was ignorance on my part and I completely accept that. But I’ve done all my training, and during that they said ‘abide by the regulation’, and there is no mention of caveats in the regulation at all – it’s in the act.” According to Mr Dryden, in early 2013 he informed ASIC he was waiting for the outcome of their review before proceeding with lodging his compliance certificate. Mr Dryden said he had to wait for an additional five months after the given deadline to receive any information of his certificate.
“Even though it was removed, never acted on, and it was an honest mistake of mine, I had no recourse. I can understand their position on the caveat because I was na├»ve, but I’m disappointed that I got a six-month suspension for lack of compliance – that surprised me,” he said.
Broker and CEO of More Group Aaron Upcroft also commented on the incident, saying the case shows the importance of legal advice. “It does appear that ASIC have tried to make a bit of a statement in this case. From a broker's perspective, I definitely feel for the guy, but from a lawyer's perspective, this goes to show how important legal advice is," he said. Just recently ASIC banned a broker for fraudulently compiling a company bank account from liquidators. On October 1st NSW broker David Barrett pleaded guilty and was banned from managing a corporation for five years.

Monday, September 16, 2013

The Australian dollar dropped from its 11-week high

The Australian dollar dropped from its 11-week high on Wednesday, as investors saw profits after the aussie peaked at $0.9319, its strongest value since June 27 as the tensions in Syria eased.
The Aussie dollar was bought 0.27% lower at $0.9278 as of 6:39am GMT, at the same time it eased at 0.10% to $1.4270 against the euro.
Wespac Melbourne Institute carried out a survey on Wednesday, which showed that Consumer sentiment index advanced to its highest level since December 2012, gaining 4.7% in September to an index reading of 110.6 higher in August. The Reserve Bank of Australia (RBA) kept its benchmark cash rate unchanged at its all-time low of 2.50% and did not indicate whether is it likely to lower or raise the interest rate further.
Tony Abbott won the Australian general elections as the next Australian prime minister on September 7, ending the six year rule by the Labour Party and winning 88 seats out of 150. Abbott will face the continuous rise and fall of the overvalued country’s currency, as the Reserve Bank of Australia said it would possibly lower levels, with predictions of $0.88 on a yearly basis.

Wednesday, September 4, 2013

Easy Forex - Australia Fx brokers

easy forex australia
Since 2003, easy-forex® has been revolutionizing currency trading in over 150 countries.
A pioneer in developing Forex as a consumer product, easy-forex® continues to lead with customized technology and personal service tailored to all levels of traders.
With one easy-forex® account, traders can trade currencies and commodities using their web, desktop or mobile platforms. Personalized FX training programs, Dealing Room specialists, rewarding Introducing Broker programs and innovative Institutional Partner offerings are just some of the reasons why thousands of traders choose us every year.

Key benefits

  • Account opening from $200
  • Spreads starting from 2 pips
  • Free educational resources
  • Customer suppost 24/7 by Phone, Chat, Email
  • Personal Account manager
  • Zero commission, Deposit and withdrawal fee

Multiple trading platforms

  • TradeDesk By Easy Forex
  • East Forex Web Trading (VT Trader) By Visual Trading Systems
  • ZuluTrade By ZuluTrade
  • Meta Trader Mobile By Meta Quotes
  • MetaTrader 4 By Meta Quotes

Regulated by

  • Australian Securities and Investments Commission (Australia) - ASIC
  • Cyprus Securities and Exchange Commission (Cyprus) - CySEC

Tuesday, September 3, 2013

Admiral Markets Review - Australian Forex brokers

admiral markets
Admiral Markets was established in 2001 by forex specialists with an aim to create a FX trading platform for investors. Today Admiral Markets has grown and continues to provide leading and customized services with branches in 15 countries, including Belarus, China, Poland, Croatia, Romania, Estonia and Latvia.

The Online trading site provides clients with educational resources needed to trade Forex online, which includes consistent market trading analysis, news and much more, as well as platforms to trade online. Admiral Markets provide clients with the use of Meta Trader 4 platform, which is the most advanced and widely used platform among the trading platforms available for online Forex trading.

Admiral Markets was set up with a mission to provide its clients with great investments, the access to the global financial market, relevant education, prompt customer support and become a leading trading site worldwide.

Think Forex Review - Australian Forex brokers

think forex review australia
Established in 2010 and served as an offshore broker for two years, ThinkForex is a large forex broker located in New Zealand and licensed by Australia Securities and Investments Commission (ASIC). ThinkForex was established with a goal to offer clients a platform for new and experienced traders and keep its clients updated with constant news, analysis and forex education.

ThinkForex offers its clients a range of trading platforms to select from, including the optional Meta Trader 4 platform to choose from, to allow traders to select that platform that suits their method of trading. Traders can use the downloadable version of the MT4 version as a web-based version or MAM version or for mobile phones.

Aussie Rises Against Greenback On Upbeat Data

Aussie Dollar
The Aussie dollar advanced against the greenback on Monday after the country’s building permits rose in July and China’s manufacturing PMI showed another month of growth.

The Australian dollar advanced 0.74% to $0.8965 as of 5:22am GMT, while it rose 0.77% to $1.4726 against the euro at the same time. Meanwhile, reports from the Australia Bureau of Statistics (ABS) showed that the Australian approvals for construction added 10.8% in July and grew 28.3% compared to last year. In June, the construction approvals declined 6.9%.

ASIC warns investors about investing in companies with majority of its operations in emerging markets.

ASIC
Watchdog has warned investors to take extra cautions and be careful when investing into any local companies which have majority of its assets in developing countries.
Research taken by the Australian Securities & Investments Commission has shown that approximately one third of Australian companies listed in the stock exchange have most of their assets in emerging markets such as Africa, Eastern Europe, South America and Asia Pacific. 
The investigations is also being taken place in Canada after the Chinese company Sino Forest, was out of action after listing on the Toronto stock exchange along with fraud allegations. 
The Australian Securities & Investments Commission (ASIC) announced it will put up an investment checklist for investors that are interested in the emerging market issuers.

Wednesday, July 31, 2013

Aussie Dollar Outlook for 30th July 2013

Australian dollar
The Australian dollar was seen in red, trading lower this morning as investors looks towards to the Federal Reserve meeting to be held later this week.
The AUD fell from its solid level of USD0.9300 to USD0.9200 overnight. The Aussie dollar has not been able to keep the local currency stable above USD0.9300 for the past month as investors raise concerns regarding possible rate cuts in Australia, which could slowdown the economic growth in China.
The uncertainty of the cut down of the US $85 billion monthly stimulus program continues to also cause fears from investors. The Governor of Reserve Bank of Australia (RBA) Glenn Stevens is expected to make a speech at the Anika Foundation Luncheon. The Speech is expected to cover the economic policy issues and possible hints on whether the bank would proceed with further rate cuts. The US Dollar advanced against most of its major counterparts, while all focus is on the upcoming two-day Federal Reserve meeting. The Committee of the Federal Open Market is expected to verify when it will begin to cut down the QE stimulus program, which is expected to begin September.
The US is expected to release a couple of reports including the US second quarter GDP, the manufacturing data on Thursday and the non-farm payrolls to be released on Friday.

Selecting a suitable Binary Options Platform - Aussie Forex

Selecting a suitable Binary Options Platform
With Binary options trading investors are given the opportunity to make profit in a short period of time. Investors that make use of the binary trading method are predicting if a certain stock or commodity will end up lower or higher than a particular price at a certain time.
Just like any other trading platform, choosing a binary options platform to trade with requires important steps to consider and follow before you select one. Below are some useful steps which could guide you on how to select the suitable binary options trading platform that suits you.

Friday, July 26, 2013

Peabody Energy to cut another 170 jobs across Australia

US giants Peabody energy Group, has announced it will cut an additional 170 jobs from its operators in Australia. The largest private-owned coal miner, had cut a further 230 jobs in Australia from the company in June. Due to the weak commodity prices and the higher costs, the total losses of jobs from the industry in the past year have surpassed 11,000 jobs.
“Peabody has announced that it is reducing its employee workforce numbers by eliminating 400 positions, approximately 170 employees, from its Australian operations,'' a representative from the company said.
“This difficult decision has been made in response to near-term global economic challenges .The reduction has been made to align the company's workforce size with other cost reduction activities, as part of a comprehensive cost management review to secure the long-term competitiveness of our operations.''
The job cuts would take place in the Peabody’s Australian operations, in the states of Queensland and New South Wales, where they produce coking coal and thermal coal.
Thermal coal prices dropped by more than 30% in the last two year to approximately $80 per tonne, while the coking coal prices fell by 40% in the previous year to $130 per tonne.

Australian shares rises to two-month high


Australian shares rises to two-month high
Shares in the Australian market were seen climbing to a two-month high due to the positive gains in the energy and mining sector.
The Australian S&P/ASX200 index was seen closing above 5,000 points, first time since May 23. Meanwhile, In China, the People’s Bank of China (PBoC) announced to loosen rules for bank lending, allowing bank loans to be made at a low bench-mark rate. 

Gold miner Newcrest gained 83 cents to $11.95 at the time of writing, while OZ Minerals was seen 36 cents higher to $4.51.

Energy stocks were also seen higher, with Woodside rising with 50 cents to $38.23; Oil search advanced 9 cents to $8.23.

Monday, June 17, 2013

ASIC Regulated Forex brokers - Australian Forex brokers

ASIC Regulated forex brokersHi Guys, here is list of ASIC regulated Australian Forex brokers. ASIC stands for Australian Securities and Investments Commission. IT will assure your trading is secure and safe.

I will advise to make sure before you start trading with any ASIC regulated Forex broker as some of them just claim to be ASIC regulated but they are not. You can check here if broker is really regulated or just claiming.
Also make sure, its regulated and not registered. ASIC regulated broker will assure you that it follow all the regulations of Government autonomous body to secure money of clients.


Go Markets review - Australian forex brokers

GO Markets Australia is a major provider of online foreign exchange (Forex) trading services, offering margin FX and commodities trading to individuals and institutional clients world-wide. Our multi-bank liquidity feed, fast execution and flexible leverage options set us apart as an industry leader.
Trade on GO Markets’ MetaTrader 4 platform and you’ll experience unsurpassed value through our market-leading Forex spreads, straight through processing (STP) with no dealer intervention, and premium service from our award-winning client services team, recently voted the best in Australia.

GoMarkets Standard Account:

Go Markets Australia

IBFX Australia broker review - Australian forex brokers

IBFX Australia is source for online forex trading services. The service provides individual traders, tools, money managers and knowledge on how to trade spot foreign currency online. IBFX Australia can be notable from other industry leaders by its exceptional multi bank liquidity feed, services, forex tools and concentration on customer care. IBX Australia provides traders with a combination of performance and flexibility to fulfill the forex trading experience. The IBFX Australia provider offers traders the access to the brokerage’s own social trading network IBFX connects. The platform features options such as real-time market depth, hundreds of technical indicators and much more.

IBFX Australia

Synergy FX - Australian broker reviews

Synergy FX is an Australian provider of online forex trading services to traders using MetaTrader 4 platform, which also provides 30 interbank pricing of 30 currency pairs. Synergy FX is a straight through processing brokers with no dealing desk to individual traders and money mangers. Traders receive pricing from a range of leading banks to keep the spreads firm throughout the trading sessions. Synergy FX is Australian forex broker, licensed and regulated by ASIC.
Client funds held in segregated trust accounts with CBA – Commonwealth Bank of Australia, a AA rated bank. Client funds are kept separate from Synergy’s company funds
synergy FX

Pepperstone review - Australian Forex brokers

Pepperstone is an online Forex trading broker provider in Australia. It provides traders all over the world with services and Forex trading technology to offer institutional grade spreads ,security through its own and other multiple online trading platforms ,such as Meta Trader 4 , Apps for iPhone , Android and Web trader .
Pepperstone FX

Vantage FX - Australian broker review

Vantage FX is an Australian financial service provider that offers outstanding services in online forex trading solutions to forex traders worldwide. The company is an award winning firm that provides traders with the access to a range of trading platforms including the widely known MetaTrader4. The company provides the firmest spreads in the market, from a variety of liquidity providers.


vantage FX

Vantage FX Standard MT4 account:

Minimum deposit: $500 Minimum lot: 1k Maximum leverage: 1:500 Spreads: variable, from 1 pip

Axitrader - Australian Forex broker review

AXI Trader is based in Sydney, Australia and is ASIC regulated. The company provides forex traders with a 24-hour service with fast execution, tight spreads and dedicated account manager. The trading platform provides traders access to the latest market data and liquidity from 14 of the world’s largest banks and interests on AUD balances through MetaTrader4.

Headquarters:

Suite 206, 220 Pacific Highway
AXI traderCrows Nest NSW 2065

Regulated by:


Wednesday, June 5, 2013

Australia’s dollar heads for biggest monthly decline - Australian Forex brokers


The Australian dollar faced its biggest fall in over two years and a possibility of China facing a slowdown. The local currency fell 5.2 percent over the past month. 
This week, the International Monetary fund decreased its growth predictions for China; one of Australia’s largest trading partners. Last week, Ford Motor Co. announced that it would stop making cars in Australia. 
The Australian dollar slid 0.2 percent to 96.47 U.S cents in Sydney. The local currency dropped 0.3 percent to NZ$1.1929and gained 0.1 percent to 96.41 yen. 
The gross domestic product in Australia increased by an annualized 2.7% in the three month ended March, making it the slowest in over a year, according to data released by Bloomberg news. 
The IMF lowered the growth forecasts for China to 7.75 percent this year and from projections of 8% for 2013. The government said investments in commodities and energy has peaked, which could slowdown the Australian economy. 
Economist predicted personal income increased by 0.1 percent in the previous month, compared to the 0.2 percent from March.

Aussie stocks closes at low rate as investors sell-off mining stocks -


The Australian stocks closed at a low rate, while investors sold off their mining stocks due to the weaker commodity prices. According to IG analyst Evan Lucas, major minors had to put up with the fall in the prices of iron ore. "The falls at Rio and BHP have got faster as iron ore continues to slide and there's a bit of a rotation out," Mr Lucas said. 
"It's been unfortunately a bit of a disappointing afternoon and we're back to a level that we saw at the start of the morning. “ 
Developing data from China released over the weekend gave the local market a boost in the early stage of trading. 

AUD/USD: Aussie Dollar remains low: RBA rate


The Australian dollar slipped and plunged nearly 1% against the US dollar. Australia and New Zealand’s currencies rose yesterday to the highest rate in a year.
The Australian dollar fell to 0.86%to $0.9684 against the US dollar at 11:10 GMT, which later dropped by %1 to a$1.3517 against the European single currency.

“The RBA continues to reiterate that the bias is still toward a lower cash rate, and they do not seem to be alarmed or disturbed by the decline in the Aussie,” said Roy Teo, a currency strategist at ABN Amro Bank NV in Singapore. “They have always tried to indirectly maneuver a lower exchange rate, so it’s natural” that investors took profit after the recent gain in the Aussie, he added.
The Reserve Bank is looking to boost the non-mining parts of the economy, which have struggled among the elevated currencies. The local currency edged to about $1.03 in the past two years, compared with the previous rate of 73 cents. Last week, the Organization for Economic Cooperation and Development said that a possible slowdown in China is at risk to the economy. Australia’s gross domestic product growth is predicted to face a possible slowdown of 2.6 percent in 2013. At the Tuesday meeting, the Reserve Bank of Australia (RBA) made no changes to its borrowing policies as expected while they left the cash rate at 2.&%% .
"The inflation outlook, as currently assessed, may provide some scope for further easing, should that be required to support demand," RBA Governor Glenn Stevens said at the Tuesday Meeting .

Monday, May 20, 2013

PIPs in Forex Trading: Learn FX trading : Australian Forex brokers

pips fx trading
The Price Index Point or the Percentage in Point is commonly known as PIP in the forex trading .Most currencies pair’s exchange rates are represented in four decimal currency pairs like this $0.0001. The change in one point in the fourth decimal point is referred to as the PIP.

Calculating the pips – Four Decimal Currency Pairs:

When calculating the pips in forex trading, the pip I the smallest increment in any currency pair. Let’s take the currency pair EUR/USD for instance. The exchange rate is 1.4520 and because of the currency fluctuations let’s make the exchange rate to 1.4521which a difference of 0.0001 .The changed fourth decimal point 1 is called 1 pip for the currency pairs .

Sunday, May 19, 2013

Forex Demo Account - Start Practicing online trading | Australian Forex brokers

There are so many online Forex brokers out there with option of Forex Demo Account, so what is Demo or Practice Forex Trading Account? Let me answer this from my question , lol, its practicing account or simply learning account with Dummy virtual cash. It is really good if you want to learn and test Forex broker, you are going to start doing trade.


Usually Forex brokers have demo Accounts for demonstration of their online trading platforms. Usually these Demo trading accounts have caps of virtual money up-to $100,000. These demo accounts can be used as trial of forex brokers by both professional and new bee traders as both want to evaluate brokers.

Most of forex brokers are using MT4 trading platform for their online trading. These demo trading platforms are usually desktop , web or mobile based platforms. Some of the benefits of  Forex Demo Accounts are

Monday, May 6, 2013

HY Markets - Australian Fx brokers

HY Markets Australia
HY Markets is headquartered in London and is authorized and regulated by the Financial Conduct Authority of the United Kingdom. The Group has over 30 years of operational history and is the trading platform of choice for investors seeking fast and direct access to the world's capital markets.
With HY Markets traders get instant execution on live tradable prices, low spreads, no commissions, high leverage, all supported by our industry leading customer service and support.

Key Points

  • Absolutely NO COMMISSION or hidden fees
  • Award winning Customer service
  • Accounts starting with only US$50 + Free demo accounts
  • Free access to real time charts and news
  • Complete product offering- Trade forex, oil/gas, metals, commodities, indices and stocks from a single integrated account
  • Personalized customer support-24 Hours 5 Days a week customer support by phone, mail or chat
  • Continuous market information
  • Tight spreads (average of 1.5 pips on majors)
  • Free Personal Training
  • Personal VIP services for experienced traders

Multiple Trading Platforms

  • HY Webtrader
  • HY Webtrader Mobile
  • HY MT4 Webtrader
  • HY MT4 Mobile
  • HY Pro (Currenex)

Over 30 years of operational history

  • Henyep Group is Regulated and Licensed in multiple global jurisdictions including London, Dubai, Hong KongStrong
  • Financial background and operational expertise

Safe and Secure

  • By being regulated by the FCA, clients of HY Markets get the assurance that they are protected under a world-leading financial jurisdiction.
  • The FCA 'Client Assets Rules' require Henyep Capital Markets (UK) Limited to segregate all money due to you on a daily basis and hold these funds in a separate account held at a bank approved by FCA. We will hold these funds as trustee.
  • All HY Markets customers benefit from the FCA's FSCS scheme. FSCS is the UK's compensation fund of last resort for customers of financial services firms authorised by the Financial Conduct Authority (FCA).

Monday, April 22, 2013

Finding best online Trading Platform | Australian Forex brokers



Best trading platform Australia
I hope you have decided already to go for Forex trading. Now it is time to select platform where you can start online Forex trading. A trading platform is where you access the Forex market and execute trades. Here is also where you get the data and analysis you need in order to trade profitably.

If you will ask about my personal suggestion, i would recommend you to go for web based trading platform rather than stand alone software and always use your broker trading platform. There are several third party trading platforms so beware about them. Most of Australian Forex brokers are providing MT4 trading platform and its best in Market.

What is MT4 Trading platform? | Australian Forex brokers


metatrader Trading Platforms Australia
Upon deciding to trade currencies, it is important that you get yourself familiar with the programs and tools involved. With the technological advances that have been previously incorporated to currency trading, it is easy to get overwhelmed with its complexities, especially if it is your first time to trade Forex.  On the bright side however, these have made online trading faster, convenient and more efficient, provided that you learned to use these trading platforms. While it is true that your trading platform won’t make you an excellent trader, it will certainly help in your trading success.

Understanding Forex Trading Platforms


Once you enter the world of Forex trading, you will quickly find out that it demands more than basic computer knowledge whether you like it or not. As a Forex trader, you are faced with computer tasks including downloading and installing a Forex trading software. After this, you will need to learn how to make use of the charts, indicators and other tools within your trading platform Australia

An online trading platform is a special platform designed for Forex traders to access the markets and conduct trades. The platform has all the needed elements, broker services as well as trading features. One of the widely used trading software is called Metatrader, produced by MetaQuotes, a financial investment specialist company. A majority of Forex traders use this platform while there are also those who use other Forex trading software. Many of these have an option of web based trading platform Australia, in addition to software, which means you don’t have to download and install any program in order to access the Forex market. In a web-based program, you just need to create your account and log in to it using your username and password and execute your trades from there.

Desktop or Web based Trading Platforms | Aussie Forex

Trading Platform Australia

Over the past few years, technology has played a great role in the improvements of currency trading putting the entire mechanism behind it on steroids. Lots of Forex brokers have recently started offering web based Forex trading platforms Australia in addition the downloadable trading platforms. For traders who own a Mac, this option can be a suitable choice as many Forex trading platforms in the market are designed to work with the Windows PC. A web based trading platform is also helpful for traders who do not want to download and install the MT4 or MT5 software for whatever reason.

Thursday, April 18, 2013

Forex Terms You Should Know

forex terms for learning
Every activity has its own language that is recognized by those engaged in that activity as having specific meanings. That is certainly true in the Forex market, where a basic understanding of the concepts behind certain terms is important for every trader to navigate themselves around the market. 
The Forex market is a market of currencies, with prices charged based upon what a currency is worth in relation to other currencies. Generally this "exchange rate" is traded against the U.S. dollar, although the euro, the Japanese yen, the British pound and the Swiss franc are also major players. In fact, they are often referred to as "The Majors."


Australian Dollar and Economy - An overview

Australian Dollar and economy overview
An Overview to the Australian Dollar and the Economy Behind It When looking at Australia, you’ll see that it’s not a massive country. However, its currency is one of the most traded ones in the Foreign exchange market. Even more surprising is that the Australian dollar is only in its 20th year of being a flowing currency. Why is the Australia currency so popular among traders, you ask? Well, that’s because their country’s geography and economy are certainly competitive in the global market. Resources

Australia is well known for its coveted national treasures, such as gold, diamonds, nickel, gas and coal. And because Australia is conveniently situated close to some of the biggest consumers of these natural resources, this country has become a top trading partner for major Asian economies like Japan, China and Korea.

Saturday, March 30, 2013

Understanding Forex Psychology | Australia currency trading



currency trading in Australia

In Australia Forex trading, it seems that traders today are not better off compared to traders 50 years ago. Today traders are not only tilted to traditional or physical currency trading but its online currency trading. I still remember when i was purchasing different currencies and putting them in my house safe for profit margin and this all time , i was afraid to not being theft. Now, you cannot imagine to go for this sort of currency trading and most of Aussie are really speeding up in online currency or simply forex trading on their mobiles. lol .Losing consistently is still very common among traders. This is despite all the advances we have seen in the Forex trading arena and the reason the same the same number lose, is because they fail to get into the right mindset to success in Forex trading.
Currency trading in Australia, just like other types of investments, include a certain deal of psychology. While there are a lot of things you need to consider when trading Forex, there’s no good reason to exclude the psychology aspect at all. Forex trading psychology is equally or even more important because when you trade Forex, you have to adapt a certain kind of mindset that is not common in everyday life.

Australian Market Updates

Forex Education