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!
|EU, AU, USA||10% up to unlimited||Review||Download/Visit site|
|EU, AU||€/$/£25 signup bonus + 30%||Review||Download/Visit site|
|EU, AU||Up to $2000||Review||Download/Visit site|
Binary Option Brokers (What is binary option?)
|EU, AU||€/$/£25 Free + 30%||Review||Download/Visit site|
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!
How does Forex works?
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.
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
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.
27-04-14: Dollar sinks on US market struggles
Declines in treasury yields and US equity prices saw the green back currency slump during Wednesday's forex trading (April 23, 2014).
With the US manufacturing sector expanding at a slower rate than had been expected, there was little support for the US dollar in the forex markets overa... [Read more]
28-02-14: Near one year lows for China Yuan
The conclusion of February’s forex trading marked a difficult day in the market for the Chinese yuan as the currency plummeted to its lowest point for close to a year.
Dollar purchases from state banks prompted the slump on Friday (February 28, 2014) one week ahead of the N... [Read more]
27-02-14: Dollar enjoys gains as tensions heighten
Political tensions in Ukraine have seen forex trading investors turn to the US dollar as a safe-haven currency.
In the forex markets on Thursday (February 27, 2014), the US dollar was able to cling on to a near two-week high against a basket of currencies with the dollar index st... [Read more]