Forex Trading - Your Trade currency online guide

Forex trading

ForexTrading.org helps starting traders to find their way on the Forex market. The information provided on our website is free of charge and 100% reliable. We will discuss different Forex Brokers, all brokers on our website accept free demo account for practise. (Forex brokers are companies that can give you access to the Forex market).

The best Forex brokers, articles and more relevant information can be found on our website. We compare different account types and Forex brokers to make sure that you are well informed and can choose the right Forex broker for you!

Forex Brokers

BrokerRatingRegulated (?)BonusReviewDownload
eTOROEU, AU, USA10% up to unlimitedReviewDownload/Visit site
Plus500EU, AU€/$/£25 Free + 30%ReviewDownload/Visit site
MarketsEU, AUUp to $2000ReviewDownload/Visit site

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Binary Option Brokers (What is binary option?)

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Our excellent Forex trading database of knowledge can help you go a far way in the Forex world if you are interested in trading with real money. Did you know that the Forex market generates over three billion US dollars a day? Don't wait.. Start today!


eTORO

How does Forex works?

Currency exchange

Forex is an acronym for Foreign Exchange market and it cannot be compared with the common stock exchanges such as Nasdaq and the Tokyo stock exchange. On the Forex market currencies are exchanged between the central bank and brokers. Currencies can be traded in pairs (e.g EUR/USD) this pair expresses the price of the euro in US dollars. As in 1 Euro = 1.3000 USD

Price changes are displayed in pips, so making or losing money depends on pips. For example if you own 100,000 currency pairs and the pip has changed 5 points from 1.3000 to 1.3005 you will earn 50$ (0.0005*100,000) Our advice to the starters is to begin dealing with small pairs.

Forex product prices are generally quoted in two or four decimals points (e.g. €/$ 1.12 or 1.1234). "pip" stands for percentage in point. In order to participate on the Forex market you will need to open an account. Brokers can give you access to the market and they offer different forex account types. If you want to enter the market with real money a minimum deposit of $25 - $25,000 is required.

To read and learn more about the Forex market, take a look at our Forex tutorials or ask your Forex broker if they provide webinars or classes.

ForexTrading.org offers you weekly trading advice. This advice often contains safety information, rules for the Forex market or hints & tips to improve your earnings. Make sure to check the page weekly to get the most recent advice. You can also take a look at our Forex tips.

Trading advice

Currencies

ForexTrading.org is offering you a trading advice weekly. This might contain safety information, rules for the Forex or tips to improve your earnings. Make sure to check the page weekly to gain the most recent advice, or read all the Forex tips.

This week's advice: This week’s advice talks about the best ways to predict value changes. There are a lot of ways to predict the change of a currency against another currency. We advise you to read about the Forex market and become interested in all the subjects that can change the value of currencies. For example, take a look at the financial news every day, If you read that there there’s an increase in the number of jobs available or a decrease in unemployment, there is a high chance that the discussed currency will become more valuable.

Furthermore the currency is connected with the stock exchange market. If the Nasdaq has a good day, the chances are that the Dollar will change accordingly. Before you start immersing yourself in the Forex market you will do good by reading about Forex so that you build up sufficient knowledge on the subject.

Last week:This week we’ll give you some advice about using the promotions that your Forex broker offers. When you are new to Forex trading you will probably come across a lot of promotions where you can get free money to trade with. These bonuses often give you an X percentage of money (based on your initial first deposit) on top of your first deposit. Before you accept one of these bonuses we advise you to check the bonus agreements thoroughly so that you know what the pay-out requirements are.

If you decide to use the bonus and to start trading, we advise you to deposit a high amount. This because the bonus promotions are aimed at new costumers and the higher the first deposit, the higher your bonus will be.

Forex news headlines

Forex news

Our website provides you with the most recent news and highlights subjects that might influence the market, to let you know what is happening in the world of Forex trading. Forex news overview.

18-06-13: US dollar rises ahead of Fed clarification

With the forex markets waiting on word from the Federal Reserve about whether it will reduce its existing programme of bond buying, the US dollar enjoyed a profitable day of forex trading against the yen on Tuesday (June 18, 2013).


However, the euro was able to reach a four-month... [Read more]

15-06-13: Yen surges against the dollar

It was a profitable day of forex trading for the Japanese yen on Friday (June 14, 2013) – as it reached its strongest levels since an aggressive monetary easing policy was introduced by the Bank of Japan in early April.


The currency was boosted by volatile forex markets pro... [Read more]

10-06-13: Dollar back on track for long term uptrend with yen

After last week suffering its worst performance over a weekly period compared to the Japanese yen since 2010, the US dollar continued its recovery during forex trading on Monday (June 10, 2013).


The currency was able to extend its gains following the release of encouraging jobs d... [Read more]