What is FX Explained and why are you here?

  • Are you interested in Forex Trading and just do not know where to start?
  • Are you currently trading and struggling, finding it difficult to achieve consistent profits?
  • Do you not fully understand some of the language being used on other FX or Trading websites?
  • Are you having difficulty choosing a Broker, or are trying to decide on a new Broker?

FX Explained is here to help and guide you.

We have a passion for Financial Markets and for helping those trying to find their way in the complicated world of Currency Trading and Investing.

Whether you are a complete novice, or seasoned veteran, we believe that our high level of expertise, combined with a simple approach will help you to develop confidently in this sometimes difficult world of forex trading.

We aim to:

  • Be a guide for you in how FX Trading works.
  • Offer trading tools that you can use in your everyday trading.
  • Provide a comprehensive knowledge base that you can draw on.
  • Help you decide who you should trade with and pick a Broker.
  • Provide timely updates on important FX developments (via email).

So join the FX Explained community to help you become a better trader!

We don’t show you how to trade, we help you to become a Trader!

Learn More

Steve Miley Technical Analyst

Meet our head technical analyst: Steve Miley!

  • 25 years experience in the financial market.
  • Former Director of the FX Technical Analysis Research Strategy team at Credit Suisse.
  • 2013 & 2016 Winner – Best Independent Fixed Income Research & Strategy – Technical Analyst Magazine Awards.
  • 2012 Winner of Best FX Research & Strategy- Technical Analyst Magazine Awards.
  • 2012-2016 finalist in the Technical Analysts of the Year – Technical Analyst Magazine Awards.

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Top Forex Brokers

Forex trading should be made easy by your forex broker, with a good platform, excellent customer service and of course a valid regulation. In a perfect trading world the forex broker of your choice should accommodate your every need so that you can focus on trading. Here is a list of regulated fx brokers that we recommend!

BrokerFeaturesRegulatorPlatformNext Steps
FXTM ImageYour capital is at risk

FXTM

Founded: 2012		 Pros:

High leverage
PAMM accounts
Tight spreads

Cons:

Does not accept US traders

CySECMetatrader 4 & Metatrader 5
Sign Up
Free Demo
Read FXTM Review
Avatrade ImageYour capital is at risk

Avatrade

Founded: 2006		 Pros:

Avatrade platform is comprehensive and easy to use

Cons:

Max Leverage 200:1

MiFID & ASICAvatrade, Metatrader 4, Mirror Trader, ZuluTrade, Signal Trader
Sign Up
Free Demo
Read Avatrade Review
Markets.com Image73% of CFD traders lose

Markets.com

Founded: 2008		 Pros:

- Beginner Friendly
- Well established
- Leverage 1:300

Cons:

- No support on weekends

CySEC & FSBMarkets.com Platform
Sign Up
Read Markets.com Review
Alvexo ImageYour capital is at risk

Alvexo

Founded: 2014		 Pros:

- FREE Live trading signals delivered 3 times daily 5 days a week.
- Complete Education pack for novices and advanced traders alike. Designed to support long term – reliable trading.
- Alvexo’s New Webtrader – user friendly, tailored reports and built in trading signals.

Cons:
CySECWeb Trader, MetaTrader 4, Mobile app
Sign Up
Free Demo
Read Alvexo Review
FxPro ImageYour capital is at risk

FxPro

Founded: 2006		 Pros:

Tight spreads and fast execution
Multiple awards
Many platform options

Cons:

Does not accept US traders

FCA & CySECFXPro MetaTrader 4, FXPro MetaTrader 5, FXPro cTrader, FXPro SuperTrader
Sign Up
Free Demo
Read FxPro Review

    View all Top Forex Brokers