Forex for a trader
Best resources for forex trading

Best resources for forex tradingThe best trading resources. The Best Trading Resources. To help you sift through the thousands of websites, offers and tools available for traders, we put together a resources list with the most helpful tools and websites for traders. The Trading Education. We build a complete step by step trader education and in our trading courses you will learn our exact trading strategies, how to find the best trades, I provide the best setups every week and you join a powerful trading community. Questions? You can send me an email directly to [email protected] com. Trading Strategy Webinar. I am Rolf and I am one of the head traders at Tradeciety. com with over 17 years of total trading experience and 11 years in the Forex market. I put together a webinar about my trading strategy, how I view charts and I also share important trading tips that I have picked up over the years. The Broker Of course, the broker choice is an important one so let’s start here. When it comes to reliable and high-quality brokers, we recommend IC Markets.

IC Markets is well regulated in Australia, they offer segregation of client funds, they offer a wide range of Forex pairs and CFDs on stocks , cryptocurrencies and commodities . Get their free demo account: IC Markets. Weekly Newsletter + welcome special. If you want to stay up-to-date and receive the newest trading tips, articles and videos each week, you just have to enter your email address below and subscribe to our free trading newsletter. After you have signed up, you will also receive 2 special videos which I have never shared publically to help you become a better trader. Our Popular Blog Articles. We have written hundreds of posts on our trading blog and here is a selection of the 6 most popular articles. As traders, we deal with news every day and it’s, therefore, important to stay on top of the daily news. Here is a list of our favorite news sites. A Trading Journal. Every trader should have a trading journal where you record your trades, analyze your behavior, store your screenshots and it helps you grow as a trader. Edgewonk is the #1 trading journal on the market, used by professionals and regular traders. Bonus: Use the code “ edgewonk20 ” to get $20 off the bundle.

Disclaimer: some of the links are affiliated links and tradeciety will earn a commission if you decide to sign up. We are two guys from Germany that got tired of the 9-to-5 and embarked on the journey of a lifetime, trading and traveling wherever and whenever we want to. We are passionate about giving back as we would be nowhere near to where we are today without the help of other veteran traders that helped us in the beginning. If you consider joining our community, we feel honored by your trust and we'll make sure that every free minute we have will be spent on making your investment worthwhile. More: Our stories. Before you engage in transactions using an electronic system, you should carefully review the rules and regulations of the exchanges offering the system andor listing the instruments you intend to trade. Online trading has inherent risk due to system response and access times that may vary due to market conditions, system performance, and other factors. You should understand these and additional risks before trading. None of the information provided by tradeciety constitutes a solicitation to trade any investment or security of any kind. || Full Risk Disclaimer. We use Unsplash.

A big thanks go out to all contributors of Unsplash! We use Flaticon for our icons. The Best Forex Trading. The sheer size of the forex, or foreign exchange, market dominates all others — even the stock market. Every payment that crosses currencies contributes to its fluctuations and its momentum. And without a centralized marketplace, forex activity buzzes practically without cease, with traders waking up and doing business everywhere, in every time zone. To get a piece of the action, you need a forex brokerage with best-in-class trading technology and stellar support. We gathered a list of 65 forex trading brokers and narrowed it down to the best 5 by analyzing research features, customizability options, and trading platforms. Thinkorswim is the best option for U. S. traders looking to trade forex and multiple other products.

Its robust and powerful platform puts every imaginable forex trading tool at your fingertips, but the level of advanced features may not be ideal for beginners. January 19, 2018 - Increased regulation coupled with higher capital requirements have forced several forex brokers to leave the playing field, making it in some ways easier to find the very best. We’ve revisited our top picks, eliminating old contenders and evaluating the stand-out strengths of the remaining firms. The Best Forex Trading. Other to consider. Other to consider. Other to consider. Other to consider. How We Found the Best Forex Trading. All good forex brokers update account information in real time, display balances, and provide history reports and statements. But exceptional brokers offer trading technology boasting a broader spectrum of features — from alerts to automated trading — helping you to execute simple and advanced trades strategically. To make it to the top of our list, forex brokers needed to provide customizable interfaces and interactive charts. We also wanted technology that’s not desktop-bound. As mobile trading continues to grow, the best brokerages make high-performance, on-the-go research and trading tools as powerful as traditional platforms. We prioritized brokers staying ahead of the curve with dedicated, well-functioning apps compatible with a variety of devices.

On top of those basics, we kept an eye out for responsive client support (how easy is it to get help and guidance when you need it) as well as introductory incentives (things like special offers, free demos, and referral programs). Both are attractive reasons to start trading with a given firm, especially when you’re first getting started. But the standard practices of the brokerage outweigh any first-timer perks in the long run. Here are a couple of key features we looked for. Major Currency Pairs are the most important, most traded worldwide currency pairs available through a forex broker. They consist of currencies from the world’s most developed economies including Europe, Japan, Canada, and Australia. A major currency pair is created when one of these currencies is traded against the U. S. dollar. Examples include Euro vs. the US Dollar (EURUSD) and the US Dollar vs. the Canadian Dollar (USDCAD). Major Currency Pairs is an important category because these pairs represent the most heavily traded and liquid currency markets for any forex trader. Cross Currency Pairs includes secondary currencies traded against each other and not against the U. S. dollar. Examples include Euro vs. the Japanese Yen (EURJPY) or the British Pound vs. Swiss Franc (GBPCHF). Most reputable brokers offer this category of trades, and it’s especially important for a forex trading account denominated in a currency other than the U. S. dollar, or for more advanced traders exploiting discrepancies between other economies. Research is an important category for traders looking for assistance or seeking confirmation on a trade.

Forex brokers provide clients with the resources to understand market activity and make fast, informed choices, with advanced charting capabilities, third-party research, research reports, and market commentary. Some forex brokers also offer access to historical data so traders can back-test strategies before allocating real money. (Experimenting with virtual trading, if it’s available, is another good way of getting your feet wet.) We also wanted to see educational resources — opportunities to learn more about forex trading and platform navigation via articles, videos, and webinars. Additionally, the best forex brokers provide a superb trading community to facilitate the exchange of trading ideas. Support should be available during all trading hours through multiple channels including live chat, email, and phone. Our Picks for the Best Forex Trading. thinkorswim A full-service brokerage for savvy investors - trade forex alongside other investment products all from the same account. Part of TD Ameritrade, that vast online brokerage, thinkorswim enables you to trade forex, stocks, futures, and options all from one account. Save time and keep abreast of your diverse portfolio without the hassle of switching between windows and platforms. Even better, these combined tools are available through just about any device. You can even customize alerts for on-the-go trading. One trading perk we’re not seeing: automated trading.

That feature is only available if you subscribe to their newsletters, which are focused on options trading. Thinkorswim sits among the top forex brokers in terms of tradable currency pairs, allowing experienced traders or international traders to get a part of currency fluctuations in more obscure economies. While thinkorswim provides a ton of virtual and in-person support (unique amongst online firms), the complexity of its trading platform may be overkill for beginners. Same goes for the lofty $3,500 minimum deposit. Check out Ally Trading if you’re a forex novice. Costs and Fees. Forex Trade: $1.00 + $0.10 per 1,000 lot Forex Trade Cost Type: Flat and pips Futures Trade: $2.25contract Minimum Deposit: $2,000 Options Trade: $9.99 + $0.75contract Stock Trade: $9.99. Trading Details. Clearing Method: Dealing Desk Maximum Leverage (International): 50:01:00 Maximum Leverage (U. S.): 50:01:00. Ally Invest Smart tools for sophisticated trades, without classing out investors new to forex. Ally Invest makes it easy to get started trading forex even if you’re operating on a budget, providing low minimums and tight spreads. You can start trading with just $500 in your account. The smart and streamlined trading interface also makes it quick and easy to watch trends and make trades. One of the best parts about Ally’s trading platform: the intuitiveness of its layout and functions. New investors should be able to get familiar with the lay of the land fairly quickly by navigating out from the trading panel. The panel also includes shortcuts: buy and sell with one click. As your preferences develop, you can customize the look and location to suit your trading style.

While Ally’s price points are ideal for new traders, the educational resources are somewhat lacking. The site can walk you through the basics, but you’ll need to look elsewhere for courses, videos, and tutorials. You’re also not able to access other investment products within the same account. Unlike thinkorswim, you’ll have to open up and individually access other accounts if you’re interested in trading stocks, options, or futures in addition to forex. Recently, Ally has gobbled up a couple of other key brokerages offering forex: Tradeking and MB Trading. Not a big point of consideration when you’re just looking at company offerings, but it’s a notable factor when looking at financial solidity across the board. Costs and Fees. Forex Trade: $13 Forex Trade Cost Type: Pips Futures Trade: NA Minimum Deposit: $500 Options Trade: NA Stock Trade: NA. Trading Details. Clearing Method: Straight Through Processing Maximum Leverage (International): 50:01:00 Maximum Leverage (U. S.): 50:01:00. ATC Brokers Super customizable and super transparent, a forex brokerage for the serious trader. High-end trading tools and perks that will be attractive to adroit traders, like a non-dealing desk environment. ATC’s Straight Through Processing (STP) order system posts your order directly to counterparties, taking away the possibility of your broker holding a conflict of interest and trading against you. The advanced platform also allows you to customize and quickly execute orders, moving between analysis to trading without navigating windows. ATC provides backtest trading software to run simulations and testrun strategy, but goes light on other beginner-friendly features.

For instance, its high minimum deposit ($5,000) and weak educational resources. Once again, look to Ally Invest for a more democratic entrance to forex. Costs and Fees. Forex Trade: $0.80 Forex Trade Cost Type: Commission Futures Trade: Contact Company Minimum Deposit: $5,000 Options Trade: NA Stock Trade: NA. Trading Details. Clearing Method: Straight Through Processing Maximum Leverage (International): 200:01:00 Maximum Leverage (U. S.): 50:01:00. Forex. com A trading platform exclusively for forex. Excellent for the seasoned and specific investor. Editor’s Note: On February 6th, 2017, FXCM reached a settlement related to the charges brought forth by the National Futures Association (“NFA”) and the Commodity Futures Trading Commission (“CFTC”) to withdraw from the US market. A non-binding letter of intent has been signed with GAIN Capital Holdings (owner of the retail brand Forex. com) to transfer all accounts at no expense to the customer. No date has been set for the transition yet. Powerful tools and robust research make Forex. com a good choice for the seasoned forex trader. Every portion of the platform and app is customizable, plus provides stellar access to the Electronic Communications Network (ECN). The most attractive aspect of ECN pricing: no middlemen.

Lower trading costs and increased transparency are the results. Forex. com is a great option for the dedicated forex trader, but if you’re interested in dabbling in other investment products you’ll need to look elsewhere. Costs and Fees. Forex Trade: $13 Forex Trade Cost Type: Pips Futures Trade: NA Minimum Deposit: $500 Options Trade: NA Stock Trade: NA. Trading Details. Clearing Method: ECN Maximum Leverage (International): 50:01:00 Maximum Leverage (U. S.): 50:01:00. OANDA Not as transparent as some, but chock-full of helpful tools to test, strategize, and perform trades. OANDA serves the forex trading needs of the inexperienced and the experts alike, with a range of user-friendly and robust platforms, desktop and web-based. Both options translate to mobile apps so you’re never far from your investments. Another major bonus: access to historical exchange rate data. Backtest strategies before you trade in one of the largest currency databases across the globe. You can also subscribe to the data feed for even deeper analysis.

One downside to OANDA — it’s a market maker. Setting the bid and the ask price means its protocol stands in opposition to the open pricing and non-interest conflict of an ECN. However, these pricing mechanisms are almost wholly automated, meaning concerns of partiality are largely unfounded. Like Forex. com, OANDA doesn’t provide any products to American investors besides forex. If being able to diversify your interests while staying within the same brokerage is important to you, check out thinkorswim or Ally Invest. Costs and Fees. Forex Trade: $12 Forex Trade Cost Type: Pips Futures Trade: NA Minimum Deposit: $0 Options Trade: NA Stock Trade: NA. The Top 10 Forex Brokers for Beginners. If you know the basics of foreign currency exchange or forex trading, also known as FX trading, and want to give it a try, there’s more to learn than you might expect. It’s best to have an idea of what you’re doing before you put live currency to the test. The first step is to choose a reputable forex broker that offers educational tools and resources for beginning traders. A few US-based forex brokers are listed below, in order of the minimum deposit required to start forex trading.

With most brokers you will find 245 or 247 live chat assistance and all offer free educational resources on their respective websites. Once you’re ready to roll, you can trade on a computer, tablet, or even smartphone. Practice Account: $25,000. Minimum Deposit: None. A forex broker since 2001, optionsXpress offers live or recorded webinars by their educational team, live in-person workshops, The Insider newsletter and blog collective, as well as the XPRESSO and XPOUND newsletters. Practice Account: Unlimited. Minimum Deposit: None. A forex broker since 2001, OANDA offers demo accounts that do not expire, giving you the ability to practice trading until you are ready to go live. Click on “Academy” for webinars (live or archived), trading basics, and scheduled learning events. Videos on demand are also available to get you started. FOREX. com ( a part of GAIN Capital Holdings GCAP) Practice account: $50,000. Minimum deposit $250. A forex broker since 1999, FOREX. com offers video tutorials specifically for beginners, two hours of webinars, live training, and Q&A sessions to teach you the basics. Fee-based online training courses are also available. Practice Account: $50,000. Minimum Deposit: $500. A forex broker since 2005, TradeKing offers a robust Frequently Asked Forex Questions and glossary, an education tab on their website that explains the basics, technical analysis, and fundamental analysis, as well as premium education available for a fee. Practice Account: $25,000-$200,000 option for Simulated Account. Minimum Deposit: $2,000. A forex broker since 1991, TradeStation allows you to start with TradeStation Basics, so you can learn at your own pace.

Branch out to TradeStation Labs, University, and Events, which includes media and quick tips. Events are both free and fee-based. Practice Account: $50,000. Minimum Deposit: $2,000. A forex broker since 1999, Fortex Capital Marketing offers daily platform walk-throughs and strategy sessions, a library of trading and instrument guides, and a calendar of events (that can be added to your personal calendar) that will teach you how to read quotes and place trades. Self-paced on-demand videos are available for a fee. Min deposit $2,000. A forex broker since 1999, thinkorswim is the TD Ameritrade forex platform . Investor education includes a rookie-learning curriculum with videos and courses to create your own learning path. The thinkorswim Learning Center consists of tutorials, videos, thinkMoney magazine, thinkManual, and Quiz Central. Name: E*trade FX (E*trade Financial Corporation ETFC) Practice Account: $50,000 for 30 days. Minimum Deposit: $2,000. A forex broker since 1982, E*trade's FX tutorials can be found by entering “forex training” in the education resources search box. Web seminars, videos, and articles in “the basics” category were specially designed for beginners. Practice Account: NA. Minimum Deposit: $5,000 ($3,000 for individuals between the ages of 21 – 26) A forex broker since 2002, Place Trade Financial's education center includes tools, widgets, videos, webinars, demos, apps, and investor education courses. Practice Account: After trading account has been approved and funded. Minimum Deposit: $10,000. A forex broker since 1977, Interactive Brokers' Traders’ University offers of a glossary, webinars (live or recorded), unmonitored discussion forums to network with other traders, apps, widgets, cheat sheets, and user guides. The Bottom Line.

Bear in mind that foreign exchange trading, also known as forex and FX trading, is high-risk and may not be the best option for individuals brand new to stock market trading andor day trading. Recommended Resources. This list of Forex resources contains URLs to other useful Forex sites — Forex forums, general Forex information resources, Forex signals providers and our partners. If you find a broken link, or wish to suggest one, please contact us. Automated Trading Championship — Automated Trading Championship contests by MetaQuotes, the developer of the MetaTrader trading platform. The contests were held annually until 2012. Forex Charts and Technical Analysis. Incredible Charts — A very good resource to learn everything about charts. John Bollinger's Official Bollinger Band Website — Forex screening, analytics and signals based on Bollinger Bands. Interactive charts with a wide array of technical indicators and streaming Forex news. And totally unique on BB4X. com are patent-pending 2-D and 3-D charts. MetaTrader Expert Advisor Programming — OneStepRemoved. com specializes in programming Expert Advisors and custom indicators for MetaTrader. Forex Magnates Directory — a directory of the online Forex industry resources. Forex Forums and Community Sites.

ForexFactory — a popular Forex discussion forum. Forex TSD — a Forex forum specializing in expert advisors, indicators and other tools. FXstreet — Many useful articles, constantly added expert commentaries and forecasts. rForex — Reddit community about Forex trading. CFTC — the US Commodity Futures Trading Commission, a governmental entity that implements regulation of the Forex industry in the United States. NFA — the US National Futures Association, a self-regulating organization, which monitors the activity of the Forex brokers and protects the rights of the market participants. FCA — the Financial Conduct Authority is the main regulating institution of the United Kingdom. FSA — the Financial Services Agency is the regulator of the Japanese Forex industry. FINMA — the Swiss Financial Market Supervisory Authority. CySEC — the Cyprus Securities and Exchange Commission licenses the Forex brokers registered in Cyprus. ASIC — the Australian Securities and Investment Commission servers as a regulator of the brokers registered in Australia. FMA — the Financial Markets Authority is an agency that regulates the Forex market participants in New Zealand. Forex Signals and Market Forecasts. AceTrader - FX signal provider — provides 24-hour intraday and daily FX trading commentaries and signals.

Service started on Reuters since 1989, on Internet — since 2000. Forex Social Networks. TradingView — create feature-rich Forex charts and share them with other traders. FXSTAT — a network for currency traders to share their trading account activity and for other traders to follow that activity. Myfxbook — analyze your trading account activity and share it with fellow traders. Watch detailed stats of other traders. StockTwits — like Twitter but for financial trading posts. There are many good analysts to follow, but everything is too focused on stocks rather than currencies. Trading Stratagem — Discover your strategies and see your trading results. Trading Stratagem is an advanced tool for the management of your MetaTrader accounts. Thanks to his powerful features you are able to manage and track your strategies performance. In addition thanks to the alert system you can set specific conditions in order to be alerted and react as soon as possible.

Foreign Exchange Services. exchange-rates. com — Live exchange rates, currency news and currency converter. Plus make personal and business money transfers. Forex Trading Information. Investopedia. com — a large educational Internet resource about investing and trading. Forex trading — Forex technical and fundamental analysis, Forex charts and brokers. Forex Training with Peter Bain's Forex Currency Day Trading Course — Forex training course and Forex services by professional Forex traders. Online Forex Trading — We talk about currency exchange using online platform, Forex software and trading systems. MaxProfit — MaxProfit Trader's Diary is a transaction journal for keeping trading statistics with a simple and intuitive user-friendly interface.

MaxProfit - # 1 Trader's Diary for successful traders! 161 . wrayjustin Trading Pennies for Dollars FXMarketMaker Professional Trader Hot_Biscuits_ Models and Bottles spicy_pasta RichJG Financial Astrologer El_Huachinango MOD finance_student Prop Trader AutoModerator » the front page of the internet. and subscribe to one of thousands of communities. 3 , * Dannyboi93. Want to add to the discussion? – deleted 5 6 7 3 (3 ) –rsiddle Live Trader 2 3 4 3 (2 ) –gruberexn gooby plz 2 3 4 3 (10 ) – deleted 3 4 5 3 (3 ) –gruberexn gooby plz 1 2 3 3 (2 ) – deleted 3 4 5 3 (1 ) –Aluk123 -1 0 1 3 (5 ) – deleted 2 3 4 3 (4 ) – deleted 2 3 4 3 (3 ) – deleted 1 2 3 3 * (1 ) –yungoldie 2 3 4 3 (0 ) – deleted 1 2 3 3 (0 ) –masudhossain Seasoned Trader 0 1 2 3 (5 ) –TheRama 0 1 2 3 * (4 ) –masudhossain Seasoned Trader 0 1 2 3 (3 ) –TheRama -1 0 1 3 (2 ) –masudhossain Seasoned Trader 0 1 2 3 (1 ) –TheRama 0 1 2 3 (0 ) –Dananddog 0 1 2 3 (0 ) Reddit for iPhone Reddit for Android mobile website. , . © 2018 reddit . . REDDIT and the ALIEN Logo are registered trademarks of reddit inc. ? Rendered by PID 25751 on r2-app-047afe7144d369eea at 2018-08-25 17:18:47.553418+00:00 running b1939d2 country code: UA. The best trading resources. The Best Trading Resources. To help you sift through the thousands of websites, offers and tools available for traders, we put together a resources list with the most helpful tools and websites for traders. The Trading Education. We build a complete step by step trader education and in our trading courses you will learn our exact trading strategies, how to find the best trades, I provide the best setups every week and you join a powerful trading community. Questions?

You can send me an email directly to [email protected] com. Trading Strategy Webinar. I am Rolf and I am one of the head traders at Tradeciety. com with over 17 years of total trading experience and 11 years in the Forex market. I put together a webinar about my trading strategy, how I view charts and I also share important trading tips that I have picked up over the years. The Broker Of course, the broker choice is an important one so let’s start here. When it comes to reliable and high-quality brokers, we recommend IC Markets. IC Markets is well regulated in Australia, they offer segregation of client funds, they offer a wide range of Forex pairs and CFDs on stocks , cryptocurrencies and commodities . Get their free demo account: IC Markets.

Weekly Newsletter + welcome special. If you want to stay up-to-date and receive the newest trading tips, articles and videos each week, you just have to enter your email address below and subscribe to our free trading newsletter. After you have signed up, you will also receive 2 special videos which I have never shared publically to help you become a better trader. Our Popular Blog Articles. We have written hundreds of posts on our trading blog and here is a selection of the 6 most popular articles. As traders, we deal with news every day and it’s, therefore, important to stay on top of the daily news. Here is a list of our favorite news sites. A Trading Journal. Every trader should have a trading journal where you record your trades, analyze your behavior, store your screenshots and it helps you grow as a trader. Edgewonk is the #1 trading journal on the market, used by professionals and regular traders. Bonus: Use the code “ edgewonk20 ” to get $20 off the bundle. Disclaimer: some of the links are affiliated links and tradeciety will earn a commission if you decide to sign up. We are two guys from Germany that got tired of the 9-to-5 and embarked on the journey of a lifetime, trading and traveling wherever and whenever we want to. We are passionate about giving back as we would be nowhere near to where we are today without the help of other veteran traders that helped us in the beginning. If you consider joining our community, we feel honored by your trust and we'll make sure that every free minute we have will be spent on making your investment worthwhile. More: Our stories. Before you engage in transactions using an electronic system, you should carefully review the rules and regulations of the exchanges offering the system andor listing the instruments you intend to trade.

Online trading has inherent risk due to system response and access times that may vary due to market conditions, system performance, and other factors. You should understand these and additional risks before trading. None of the information provided by tradeciety constitutes a solicitation to trade any investment or security of any kind. || Full Risk Disclaimer. We use Unsplash. A big thanks go out to all contributors of Unsplash! We use Flaticon for our icons. The Best Forex Trading. The sheer size of the forex, or foreign exchange, market dominates all others — even the stock market.

Every payment that crosses currencies contributes to its fluctuations and its momentum. And without a centralized marketplace, forex activity buzzes practically without cease, with traders waking up and doing business everywhere, in every time zone. To get a piece of the action, you need a forex brokerage with best-in-class trading technology and stellar support. We gathered a list of 65 forex trading brokers and narrowed it down to the best 5 by analyzing research features, customizability options, and trading platforms. Thinkorswim is the best option for U. S. traders looking to trade forex and multiple other products. Its robust and powerful platform puts every imaginable forex trading tool at your fingertips, but the level of advanced features may not be ideal for beginners. January 19, 2018 - Increased regulation coupled with higher capital requirements have forced several forex brokers to leave the playing field, making it in some ways easier to find the very best. We’ve revisited our top picks, eliminating old contenders and evaluating the stand-out strengths of the remaining firms. The Best Forex Trading. Other to consider. Other to consider. Other to consider. Other to consider.

How We Found the Best Forex Trading. All good forex brokers update account information in real time, display balances, and provide history reports and statements. But exceptional brokers offer trading technology boasting a broader spectrum of features — from alerts to automated trading — helping you to execute simple and advanced trades strategically. To make it to the top of our list, forex brokers needed to provide customizable interfaces and interactive charts. We also wanted technology that’s not desktop-bound. As mobile trading continues to grow, the best brokerages make high-performance, on-the-go research and trading tools as powerful as traditional platforms. We prioritized brokers staying ahead of the curve with dedicated, well-functioning apps compatible with a variety of devices. On top of those basics, we kept an eye out for responsive client support (how easy is it to get help and guidance when you need it) as well as introductory incentives (things like special offers, free demos, and referral programs). Both are attractive reasons to start trading with a given firm, especially when you’re first getting started. But the standard practices of the brokerage outweigh any first-timer perks in the long run. Here are a couple of key features we looked for. Major Currency Pairs are the most important, most traded worldwide currency pairs available through a forex broker. They consist of currencies from the world’s most developed economies including Europe, Japan, Canada, and Australia.

A major currency pair is created when one of these currencies is traded against the U. S. dollar. Examples include Euro vs. the US Dollar (EURUSD) and the US Dollar vs. the Canadian Dollar (USDCAD). Major Currency Pairs is an important category because these pairs represent the most heavily traded and liquid currency markets for any forex trader. Cross Currency Pairs includes secondary currencies traded against each other and not against the U. S. dollar. Examples include Euro vs. the Japanese Yen (EURJPY) or the British Pound vs. Swiss Franc (GBPCHF). Most reputable brokers offer this category of trades, and it’s especially important for a forex trading account denominated in a currency other than the U. S. dollar, or for more advanced traders exploiting discrepancies between other economies. Research is an important category for traders looking for assistance or seeking confirmation on a trade. Forex brokers provide clients with the resources to understand market activity and make fast, informed choices, with advanced charting capabilities, third-party research, research reports, and market commentary. Some forex brokers also offer access to historical data so traders can back-test strategies before allocating real money. (Experimenting with virtual trading, if it’s available, is another good way of getting your feet wet.) We also wanted to see educational resources — opportunities to learn more about forex trading and platform navigation via articles, videos, and webinars. Additionally, the best forex brokers provide a superb trading community to facilitate the exchange of trading ideas. Support should be available during all trading hours through multiple channels including live chat, email, and phone.

Our Picks for the Best Forex Trading. thinkorswim A full-service brokerage for savvy investors - trade forex alongside other investment products all from the same account. Part of TD Ameritrade, that vast online brokerage, thinkorswim enables you to trade forex, stocks, futures, and options all from one account. Save time and keep abreast of your diverse portfolio without the hassle of switching between windows and platforms. Even better, these combined tools are available through just about any device. You can even customize alerts for on-the-go trading. One trading perk we’re not seeing: automated trading. That feature is only available if you subscribe to their newsletters, which are focused on options trading. Thinkorswim sits among the top forex brokers in terms of tradable currency pairs, allowing experienced traders or international traders to get a part of currency fluctuations in more obscure economies. While thinkorswim provides a ton of virtual and in-person support (unique amongst online firms), the complexity of its trading platform may be overkill for beginners. Same goes for the lofty $3,500 minimum deposit. Check out Ally Trading if you’re a forex novice. Costs and Fees. Forex Trade: $1.00 + $0.10 per 1,000 lot Forex Trade Cost Type: Flat and pips Futures Trade: $2.25contract Minimum Deposit: $2,000 Options Trade: $9.99 + $0.75contract Stock Trade: $9.99. Trading Details.

Clearing Method: Dealing Desk Maximum Leverage (International): 50:01:00 Maximum Leverage (U. S.): 50:01:00. Ally Invest Smart tools for sophisticated trades, without classing out investors new to forex. Ally Invest makes it easy to get started trading forex even if you’re operating on a budget, providing low minimums and tight spreads. You can start trading with just $500 in your account. The smart and streamlined trading interface also makes it quick and easy to watch trends and make trades. One of the best parts about Ally’s trading platform: the intuitiveness of its layout and functions. New investors should be able to get familiar with the lay of the land fairly quickly by navigating out from the trading panel. The panel also includes shortcuts: buy and sell with one click. As your preferences develop, you can customize the look and location to suit your trading style. While Ally’s price points are ideal for new traders, the educational resources are somewhat lacking. The site can walk you through the basics, but you’ll need to look elsewhere for courses, videos, and tutorials. You’re also not able to access other investment products within the same account. Unlike thinkorswim, you’ll have to open up and individually access other accounts if you’re interested in trading stocks, options, or futures in addition to forex. Recently, Ally has gobbled up a couple of other key brokerages offering forex: Tradeking and MB Trading. Not a big point of consideration when you’re just looking at company offerings, but it’s a notable factor when looking at financial solidity across the board.

Costs and Fees. Forex Trade: $13 Forex Trade Cost Type: Pips Futures Trade: NA Minimum Deposit: $500 Options Trade: NA Stock Trade: NA. Trading Details. Clearing Method: Straight Through Processing Maximum Leverage (International): 50:01:00 Maximum Leverage (U. S.): 50:01:00. ATC Brokers Super customizable and super transparent, a forex brokerage for the serious trader. High-end trading tools and perks that will be attractive to adroit traders, like a non-dealing desk environment. ATC’s Straight Through Processing (STP) order system posts your order directly to counterparties, taking away the possibility of your broker holding a conflict of interest and trading against you. The advanced platform also allows you to customize and quickly execute orders, moving between analysis to trading without navigating windows. ATC provides backtest trading software to run simulations and testrun strategy, but goes light on other beginner-friendly features. For instance, its high minimum deposit ($5,000) and weak educational resources. Once again, look to Ally Invest for a more democratic entrance to forex. Costs and Fees. Forex Trade: $0.80 Forex Trade Cost Type: Commission Futures Trade: Contact Company Minimum Deposit: $5,000 Options Trade: NA Stock Trade: NA. Trading Details. Clearing Method: Straight Through Processing Maximum Leverage (International): 200:01:00 Maximum Leverage (U. S.): 50:01:00. Forex. com A trading platform exclusively for forex. Excellent for the seasoned and specific investor. Editor’s Note: On February 6th, 2017, FXCM reached a settlement related to the charges brought forth by the National Futures Association (“NFA”) and the Commodity Futures Trading Commission (“CFTC”) to withdraw from the US market.

A non-binding letter of intent has been signed with GAIN Capital Holdings (owner of the retail brand Forex. com) to transfer all accounts at no expense to the customer. No date has been set for the transition yet. Powerful tools and robust research make Forex. com a good choice for the seasoned forex trader. Every portion of the platform and app is customizable, plus provides stellar access to the Electronic Communications Network (ECN). The most attractive aspect of ECN pricing: no middlemen. Lower trading costs and increased transparency are the results. Forex. com is a great option for the dedicated forex trader, but if you’re interested in dabbling in other investment products you’ll need to look elsewhere. Costs and Fees. Forex Trade: $13 Forex Trade Cost Type: Pips Futures Trade: NA Minimum Deposit: $500 Options Trade: NA Stock Trade: NA. Trading Details. Clearing Method: ECN Maximum Leverage (International): 50:01:00 Maximum Leverage (U. S.): 50:01:00. OANDA Not as transparent as some, but chock-full of helpful tools to test, strategize, and perform trades. OANDA serves the forex trading needs of the inexperienced and the experts alike, with a range of user-friendly and robust platforms, desktop and web-based. Both options translate to mobile apps so you’re never far from your investments. Another major bonus: access to historical exchange rate data.

Backtest strategies before you trade in one of the largest currency databases across the globe. You can also subscribe to the data feed for even deeper analysis. One downside to OANDA — it’s a market maker. Setting the bid and the ask price means its protocol stands in opposition to the open pricing and non-interest conflict of an ECN. However, these pricing mechanisms are almost wholly automated, meaning concerns of partiality are largely unfounded. Like Forex. com, OANDA doesn’t provide any products to American investors besides forex. If being able to diversify your interests while staying within the same brokerage is important to you, check out thinkorswim or Ally Invest. Costs and Fees. Forex Trade: $12 Forex Trade Cost Type: Pips Futures Trade: NA Minimum Deposit: $0 Options Trade: NA Stock Trade: NA. The Top 10 Forex Brokers for Beginners. If you know the basics of foreign currency exchange or forex trading, also known as FX trading, and want to give it a try, there’s more to learn than you might expect. It’s best to have an idea of what you’re doing before you put live currency to the test. The first step is to choose a reputable forex broker that offers educational tools and resources for beginning traders. A few US-based forex brokers are listed below, in order of the minimum deposit required to start forex trading.

With most brokers you will find 245 or 247 live chat assistance and all offer free educational resources on their respective websites. Once you’re ready to roll, you can trade on a computer, tablet, or even smartphone. Practice Account: $25,000. Minimum Deposit: None. A forex broker since 2001, optionsXpress offers live or recorded webinars by their educational team, live in-person workshops, The Insider newsletter and blog collective, as well as the XPRESSO and XPOUND newsletters. Practice Account: Unlimited. Minimum Deposit: None. A forex broker since 2001, OANDA offers demo accounts that do not expire, giving you the ability to practice trading until you are ready to go live. Click on “Academy” for webinars (live or archived), trading basics, and scheduled learning events. Videos on demand are also available to get you started. FOREX. com ( a part of GAIN Capital Holdings GCAP) Practice account: $50,000. Minimum deposit $250. A forex broker since 1999, FOREX. com offers video tutorials specifically for beginners, two hours of webinars, live training, and Q&A sessions to teach you the basics. Fee-based online training courses are also available. Practice Account: $50,000. Minimum Deposit: $500. A forex broker since 2005, TradeKing offers a robust Frequently Asked Forex Questions and glossary, an education tab on their website that explains the basics, technical analysis, and fundamental analysis, as well as premium education available for a fee. Practice Account: $25,000-$200,000 option for Simulated Account.

Minimum Deposit: $2,000. A forex broker since 1991, TradeStation allows you to start with TradeStation Basics, so you can learn at your own pace. Branch out to TradeStation Labs, University, and Events, which includes media and quick tips. Events are both free and fee-based. Practice Account: $50,000. Minimum Deposit: $2,000. A forex broker since 1999, Fortex Capital Marketing offers daily platform walk-throughs and strategy sessions, a library of trading and instrument guides, and a calendar of events (that can be added to your personal calendar) that will teach you how to read quotes and place trades. Self-paced on-demand videos are available for a fee. Min deposit $2,000. A forex broker since 1999, thinkorswim is the TD Ameritrade forex platform . Investor education includes a rookie-learning curriculum with videos and courses to create your own learning path. The thinkorswim Learning Center consists of tutorials, videos, thinkMoney magazine, thinkManual, and Quiz Central. Name: E*trade FX (E*trade Financial Corporation ETFC) Practice Account: $50,000 for 30 days. Minimum Deposit: $2,000. A forex broker since 1982, E*trade's FX tutorials can be found by entering “forex training” in the education resources search box. Web seminars, videos, and articles in “the basics” category were specially designed for beginners. Practice Account: NA. Minimum Deposit: $5,000 ($3,000 for individuals between the ages of 21 – 26) A forex broker since 2002, Place Trade Financial's education center includes tools, widgets, videos, webinars, demos, apps, and investor education courses. Practice Account: After trading account has been approved and funded. Minimum Deposit: $10,000. A forex broker since 1977, Interactive Brokers' Traders’ University offers of a glossary, webinars (live or recorded), unmonitored discussion forums to network with other traders, apps, widgets, cheat sheets, and user guides. The Bottom Line. Bear in mind that foreign exchange trading, also known as forex and FX trading, is high-risk and may not be the best option for individuals brand new to stock market trading andor day trading.

Best Forex Brokers for 2018. Forex trading, which involves exchanging one currency for another on the foreign exchange market, isn’t for the faint of heart or the inexperienced. No investment is without risk, but forex tips the risk meter further with its rapid trading pace and high leverage, which means investors can quickly lose more than their initial investments. Of course, that means you can also profit at the same speed, which — combined with liquidity — is what attracts investors to currency trading. When selecting your forex broker, you should consider trading platforms and tools, the number of currency pairs offered, leverage maximums, customer service and, of course, costs. But comparing costs is tricky in forex trading: While some brokers charge a commission, many advertise no commissions, earning money in the bid-ask spread — the difference between the price a broker or dealer is paying for the currency (the bid) and the price at which a broker or dealer is selling a currency (the ask). Brokers essentially roll their fees into that spread, widening it and pocketing the excess. That’s just one reason why the search for the best forex broker is a complex one. Another is that there are a variety of brokers out there, many of them unregulated or only regulated in countries outside of the U. S. For our list of best currency trading brokers, we considered only those that are regulated by the National Futures Association and the Commodity Futures Trading Commission. If you’re aware of the risks here and still prepared to dive in, here are NerdWallet’s top picks for the best brokers for forex trading. (Thinking you want to dive out instead? Trading stocks might be more your speed — here are the best brokers for that.) One suggestion: All of these brokers offer free demo accounts so you can test the market with virtual dollars.

Dip a toe in with some play money before you dive in with your own cash. Best brokers for forex trading overall. These brokers combine reasonable costs with strong trading platforms and a large selection of currency pairs. Best resources for forex trading. The average daily forex trading volume currently exceeds $1.9 trillion. With so much on the line, we’ve put together a list of our favorite 100 forex resources to help you become a knowledgeable forex trader. The following resources were chosen for the quality of information and training tools offered. Although some of these tools are located on commercial sites, you’ll find value in materials produced by professionals. Other sites were chosen for the resources that they offered for a price (like books), but they’re all geared specifically toward the forex trader. The chosen sites are written in the English language, but some individuals, businesses, and organizations are located in areas other than the United States. All sites are listed in alphabetical order within the following categories: Topics Covered in this Article. If you’re a forex newbie, the following sites will help you get a grip on the similarities and differences between forex trading and stock exchange trading.

Take advantage of free resources before you dedicate any serious cha-ching to training. Tip’d: Investing and Finance Social Media News — Get the latest forex, commodities, and market news from the largest investing social media site. Currency College — Currency College delivers a variety of course offerings with classes that are held at the student’s convenience. Each class is followed by homework and tests; each course lasts about six weeks; and each class contains about ten students. Emphasis is given to risk management. This is not free education, but if you bring referrals to Currency College you could earn a scholarship toward your tuition. This site has plenty of free resources, however, like a comparative chart for various trading platforms so you can make an educated choice about trading platforms. CyberTrading University — This site offers free forex training through a two-hour video that includes a brief history, PIP spreads, majors and crosses, economic indicators, fundamental analysis, technical analysis, short-term long-term fundamentals, trading rules, leverage and margin, trading psychology, Fibonacci Retracement Levels, moving averages, oscillators, Candlestick Charts, Bollinger Bands, and more. Forex Charting 101 — A brief and basic overview of forex charts from Pip Trader. You’ll discover that the charts are very similar to those that you might use for securities trading. But, some of the charts may seem more complicated if you’re not a seasoned trader. Forex Realm — Possibly the most comprehensive and thorough forex education online.

Learn about everything from currency codes to exotic trading strategies through articles, graphics, and concise examples. Forex-Training. com — Fairly comprehensive training with a free demo account. The highlight to this site is their explanations about various charts. FX Home Trader — Focus on the information about technical analysis, where you can learn more about Fibonacci Trading, Pivot Points, and more. Their Forex Facts also contain some valuable information. FX Power Trading Course — Offered by FXCM, this paid course is one step up from free at the current price. Learn how to time the market, recognize trends, and basics in fundamental and technical analysis through this eight-day course. Investopedia on Forex — An extensive 10-part article on forex investing, from an introduction to a recap that covers everything from benefits and risks to technical analysis. If you can’t get enough of Investopedia’s information, head to a list of their Forex articles, where you can learn more and download their free e-Book entitled, “High Probability Trading Setups for the Currency Market.” Law of Charts — Joe Ross offers advice for traders across the board, but the information contained in his “Law of Charts” offer speaks to forex as well as any other trading strategy. He identifies chart patterns that result from human behaviors and points to entry and exit targets on those charts.

You can take advantage of Ross’s other tools as well, including the forum. Learn4X — This is an interesting site simply because it contains several tests that help you determine if you have the ‘guts’ and knowledge to be a trader. They also offer a free online seminar. Informed Trades Video Course — 8 Video modules covering the basics of forex trading and then some. Market Traders Institute (MTI) — You don’t need to spend a lot of money to train in forex markets. MTI offers many free resources such as videos and lesson plans that will help you get off the ground. If you like what you hear and see, you can invest in materials for the advanced trader down the road. My Forex Trading Tools — A site that contains overviews on everything from fundamentals to options. Online Training Academy — Free basics on FX trading via video, offered by Mike McMahon. You need to register, but you can opt out of contact lists with a click of a box. School of Pipsology — A lighthearted forex education from Kindergarten to College so the beginner knows exactly where he stands in an attempt to grasp the forex market. Straight Forex — Provides high quality forex training for serious traders. The following list provides a variety of news from both professional and single-investor resources. A Forex Loser — The name of the blog ought to warn you. This blog contains a different perspective on trading, with an emphasis on trading psychology. Some great trading tips. Currency Secrets — Not updated daily, but plenty of resources in historical entries.

The focus is on currency, but you can find plenty of reviews and tips here as well. DailyFX — Sponsored by Forex Capital Markets (FXCM), this site offers a free weekly trading lesson, a forum, economic calendar, and free quarterly outlook reports. Forex News — At-a-glance links to news and analyses. Forex Project — A fascinating blog written by a forex beginner who logs his experiences in a journal, through established goals, and with a full trade history. This blogger currently is under pressure from a fulltime job, and he’s considering a transition from day trading to going long on his investments. Should be an interesting read. Be sure to check out this blogger’s list of references, including a nice beta risk calculator. FX Boot Camp — Wayne McDonell offers his boot camp theories for free at his blog on FXStreet (see next). FXStreet — Breaking news, commentary. Sponsored by Global Forex Trading (GFT). Peter Bain Forex Trading Commentary — Peter Bain’s commentary needs to be good, as it’s a tool to push his training course.

You can take advantage of his free podcasts as well. Piptopia — This is Rob Booker’s blog on forex. He’s a currency trader and trainer and he’s been at this blog for two years, so you’ll find some interesting history here. Grace Cheng’s Forex Blog — “Not long after my graduation, I was introduced to forex trading, and since then, have never looked back.” Outside of her blog, Cheng writes for a number of trading and investment magazines. Quantitative Trading — Dr. Ernest Chan’s take on automated, statistical trading strategies. Trader Mike — Michael is a trader, and this blog is a trading journal of sorts. Although he considers himself a swingposition trader, he switched to day trading in 2005. Although this blog doesn’t focus on forex per se, you can learn plenty about trading strategies here.

You can’t trade without charts, but the chart that you use is a matter of personal preference. The list below provides a nice pool to pick from: DailyFX Chart — You can manipulate this chart by type, time scale, view, and much more. Java based. Free Forex Charts — From simple to Premium to System Trading, simply the best choice of charts around. Forex-Market — This site offers two free, real-time charting applications, one Web-based and the other a stand-alone Java applet. Live Currency Chart — This chart, offered by FXStreet (see Blogs & News above), is also Java based. A nice feature is the Drag&Drop that allows traders to pull indicators out of the Studies window and up into the Chart window. Currency & Converters. Currencies can be confusing, especially when you learn that many lots are purchased in pairs.

You can learn about specific currencies when you type the names of that currency into a search engine. For instance, you can learn more about the Euro at that currency’s official site. But, if you don’t know what to look for, the information found in the following sites will help you out: ADVFN Forex Symbol Table — Comprehensive list of currencies. When you click on the currency symbol you’ll reach a page where that currency is represented through currency exchange rate tables and historical exchange rate charts. ExchangeRate. com — Try out the “hot” and “currency info” links that provide information about everything you’d want to know about worldwide currencies for 170 countries. Includes calculators, fun facts, serious facts, and more. Go Currency — Reliable currency converter and money conversion service. List of Currencies — This is an extensive list provided by Wikipedia that covers everything from ancient coinage to the current Yen. As with most Wikipedia lists, you might run across a link or two that doesn’t contain information. But, you can use that information to search elsewhere if needed. Oanda — Excellent set of currency converter tools from historical currency exchange rates for over 164 currencies to traveler’s cheat sheets to customizable products. Visit their detailed currency converter FAQ page if you have questions. X-Rates — More than a currency list or a converter, this site will bring you up-to-date on every bit of information you’d need to know as a forex trader. XE. com — A basic currency converter backed up by other tools on this site, such as current and historic rate tables and a free email currency update service. Directories & Portals.

The following resources offer choices beyond the ones listed here. Since forex is a booming individual trader industry, expect to find new sites popping up weekly. Forex Central — You want it? They have most of it (blogs are missing). Resources aren’t rated. Forex Directory — This site is a little difficult to slug through, but worth it for the resources provided. Pip Trader — This site contains a forum, live quotes and charts, news, reports, and a “mini-game” that has nothing to do with forex, but that might help you lighten up a bit. Top 100 Forex Sites — Although these sites are rated by popularity and, therefore, subject to rating scams, you can learn much from the sites that are listed simply from the variety of information that’s offered here. Many sites are brokerage firms, but as I mentioned previously you can find free information on many of these sites such as news, calculators, techniques, and more. Economic Calendars & Indicators. Economic calendars and indicators are vital tools for fundamental research.

The sites below will give you simple and detailed options. Economic Indicators — A government site brought to you by the Economics and Statistics Administration at the US Department of Commerce. Their mission is to provide timely access to the daily releases of key economic indicators from the Bureau of Economic Analysis and the US Census Bureau. Forex Economic Calendar — What better place to find an excellent economic calendar than a site that focuses on this tool? Global Forex Trading (GFT) — A detailed look into the next month’s international monetary future based on GMT. InfoForex — Brief overviews on various sectors from Auto and Truck Sales to a Monthly Wholesale Trade report based upon the US Census. Fibonacci & Candlesticks. Fibonacci and Japanese Candlestick charts may seem difficult, but with the right training you can master both technical strategies. Fibonacci — This is the home page for Dr. Ron Knott’s multimedia Web site on the Fibonacci numbers, the Golden section and the Golden string hosted by the Mathematics Department of the University of Surrey, UK. Simple to use, easy to understand, and filled with illustrations to help you learn why some numbers are so important to nature. These numbers are also of vast interest to many forex investors. Fibonacci Forex Indicators — Forex Planet will begin to show you how to apply Fibs to forex in this easy-to-understand lesson. But, the lesson is short, so you might try the next resource as well. Fibonacci Method in Forex charts — This lesson also applies to forex, and it offers a short tutorial on applications along with a downloadable Fib calculator. Japanese Candlesticks — FX Words offers a simple and succinct explanation for candlesticks, including bullish and bearish patterns.

Japanese Candlesticks (Elliott Gann) — A comprehensive tutorial that covers all the basic terminology and explains each term with appropriate graphics, offered by the ElliottGann site. Japanese Candlestick Trading Forum — It costs to become a member, but you can access all the candlestick basics for free on this site. Forecasts and Signals. The following resources use a mix of fundamental and technical analyses to formulate their prognoses: AceTrader — True 24 hours real-time analysis for up-to-the-minute recommendations and analysis. e-Forex — Free trading signals. Dig into their historical records to understand their precision. Forex Predictions — Currently free daily and weekly high-low signals through the Web site and by email. This site is a division of RDC Bancorp, Inc., a foreign exchange services company. Forex Signals — FinoTek provides signals and trends with charts.

Check out their archived signals to determine credibility. Investica Ltd . — Online information and free e-newsletters filled with signals and forecasts. Open Forex — Daily forecasts in real trade and analytical articles on forex basic currency pairs. Forums and Communities. Forex Factory — You’ll find a Forex Beginner Q&A section as well as topics that focus on specific strategies and techniques. Forex TSD — Go ahead and lurk in this forum until you feel comfortable. Then register for free to access the forum and a calendar. The paid “elite” subscription offers detailed statements of currently more than 20 trading systems. Global View Forums — Another free forum that’s been around since 1996. MoneyTec — With over 33,000 members, this traders’ forum offers a format to discuss trading ideas, share, learn, and build new trading techniques and strategies. Fundamental Research. The following list contains comprehensive information about economic fundamentals for your research: Bureau of Economic Analysis (BEA) — Get the straight stuff from the US Department of Commerce like the pros. Everyone from the White House staff to US Trade Commission employees to trade policy officials who want to negotiate international trade agreements use the measurements contained on the BEA Web site. Consumer Price Index (CPI) — The US Department of Labor offers a ton of information just on this page alone through their links.

Forex Daily Fundamentals — XpressTrade offers a daily focus on forex fundamentals. The Bank for International Settlements (BIS) – An international organization which fosters international monetary and financial cooperation and serves as a bank for central banks. As such, this organization offers valuable information through their publications and research as well as through many other resources offered on this site. They also maintain a list of Central Bank Web sites. The Fundamentals of Forex — Forex TV brings you the lowdown on what type of news would affect forex from a fundamental standpoint. You can use the information on this list to conduct further research. Forex Glossary — The only drawback to this glossary is that the “A-Z” tab doesn’t include a total listing of all the terms under the single-letter tabs. Comprehensive. Forex. com Glossary — An at-a-glance glossary contained on one page.

Glossary of Forex Terms PDF — This printable file, offered by FX International Group, contains all the basics. Government Regulation. Australian Securities and Investments Commission (ASIC) — The ASIC’s regulatory coverage includes the forex market. Use their search box to learn more about their reach and responsibility. Commodities Futures Trading Commission (CFTC) — The CFTC operates along the same lines as the SEC (Securities and Exchange Commission), except this government organization focuses on protecting market users and the public from fraud in the futures and option markets. So keep this site handy to stay on top of any forex scams through their Consumer Advisory on Forex Fraud. You can learn quickly what to avoid in your learning curve through a detailed forex advisory that offers information about other resources as well. Financial Services Authority (FSA) — An independent non-governmental body located in the UK, given statutory powers by the Financial Services and Markets Act 2000. Use their search box to locate information about the UK forex market and regulations. National Futures Association (NFA) — The NFA is “the premier independent provider of efficient and innovative regulatory programs that safeguard the integrity of the derivatives markets,” which basically means that this organization regulates any market that depends upon future cash flows. The “investor information” section contains materials about how to find a broker and basic lessons in forex trading. Plus, they publish forex warnings, news, and they offer a place for investor disputes and complaints. KBC PDF — A Comprehensive “Morning Report” from this Belgian foreign exchange bank (in English). Mellon — FX Daily report from Mellon Financial Corporation, with links to American and European editions and past issues. SaxoBank — Daily market update from this foreign exchange service in London.

Scotia Capital PDF — Daily report with corresponding links for further reading from this Canadian foreign exchange bank. UBS — Daily summary for forex markets sponsored by this Swiss foreign exchange bank. Nonprofit Associations. Australian Technical Analysts Association (ATAA) — A non-profit association of both professional technical analysts and anyone who uses technical analysis for private investing, trading or advising. International Compliance Association (ICA) — The ICA is a professional organization dedicated to the furtherance of best compliance and anti money laun



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