Forex Trading Explained - Become a successful forex trader!

Daily Digest:

15th June 2021: European and US stock indices probing higher, Nasdaq hits new record close

Fx, foreign exchange or the forex market is the world’s most liquid and largest financial market. We are here to guide you and explain the fx market, where the exchange of currencies (e.g. USD, EUR, bitcoins) takes place.

News & Analysis

Stocks and Bonds rally, despite inflationary signals

Published 14 hours ago by: Market Chartist

Macroeconomic/ geopolitical developments US CPI data was higher than expectations, with the headline data posting at 5% year-on-year for May,… Continued

Caterpillar: Bug or Butterfly?

Published 18 hours ago by: Stephen Pope

Caterpillar has endured a torrid weekThe long-standing impulsive channel is under threatThe company is looking to pay a larger dividendLook… Continued

US Dollar sends positive signals as GBPUSD posts a negative

Published 18 hours ago by: Shaun Downey

US Dollar Index holds support and threatens to break up (DXY forecast)Euro closes just above key support (EURUSD forecast)Negative on Pound needs… Continued

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Education Videos

Introduction to Technical Analysis

Published July 10, 2019
Updated October 12th, 2020 by: Market Chartist

In this Master Academy educational video and article, we are looking at an Introduction to Technical Analysis, elaborating on the… Continued

Charts Patterns: Reversal Patterns

Published August 14, 2019
Updated October 12th, 2020 by: Market Chartist

In this Master Academy educational video and article, we are looking at Charts Patterns, focusing on Reversal Patterns. Charts Patterns… Continued

Investing versus Trading

Published May 23, 2019
Updated October 12th, 2020 by: Market Chartist

In this article and accompanying video we look to explain the differences between Investing and Trading. The four main ways… Continued

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Market Overview

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Learn how to trade Forex - Most Popular

Why you should keep a trading log

Published April 3, 2020
Updated May 7th, 2020 by: Market Chartist

Development can be tracked by considering the history of a set of actions and outcomes. For a trader, if you want to learn how to successfully trade Forex and CFDs (or any of the financial markets), it is key to be able to monitor your progress, to improve and become more successful at trading. Keeping a trading log (or journal) is an excellent way to… Continued

Trading in Volatile Markets

Published March 23, 2020 by: Market Chartist

Success in trading is always a challenge and can be difficult even with vast experience and a solid, structured training plan, that has been built over time and tested. However, when markets shift to a more volatile phase, even the most experienced trader or investor can find successful trading and investing extremely difficult. Here we are going to look at what an increase in volatility… Continued

Which markets should I trade? A deeper look at financial markets asset classes

Published December 13, 2019
Updated July 30th, 2020 by: Market Chartist

We will look at: What are the major asset classes in financial markets? What are the Forex options? What do I need to know about trading the stock market? What are the pros and cons of trading stock indices? Should I consider trading the bond markets? What do I need to know to trade the commodity markets? What financial markets are ultimately better suited to… Continued

Which Forex markets and currencies should I trade?

Published December 12, 2019
Updated December 16th, 2019 by: Market Chartist

We will look at: What are the major asset classes choices? Where to start with FX? Fundamental versus Technical Analysis The “FX Majors” Safe haven currencies “Risk” or commodity currencies Cross currency analysis Peripheral currencies and Emerging Markets What Forex markets are best suited to you? If you are relatively new to financial market trading then you will already have realized that the modern, Forex… Continued

CFD (Contract for Difference) Trading, Forex Trading and Spread Betting – similarities and differences

Published November 15, 2019
Updated December 22nd, 2020 by: Market Chartist

In this article we are going to take a look at the history of Contract for Difference (CFD) Trading, what CFD Trading is and what are the advantages. We will also focus on Forex Trading, which is really just a subset of CFD Trading and also look at Spread Betting and how Spread Betting accounts differ from CFD and Forex Trading accounts. We will highlight… Continued

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Top 6 brokers in your location

Broker	Pros	Features
Founded: 1965 Reg: FCA, Cy... HQ: UK... 4.8/5 95/100	- FCA regulated - Trade 5,000 markets - Excellent Spread Betting - Super customer support	Min. Deposit: $100 Leverage: Variable Withdrawal Process Time: 1-5 days Trust Score: 95/100	Read ETX Review Free Demo Sign Up The vast majority of retail investor accounts lose money when trading CFDs
Founded: 2007 Reg: FCA, Cy... HQ: UK, Cyp... 4.7/5 93/100	- Fast withdrawal - 0% commission on US stocks - Real Cryptos, Stocks - 2000+ assets - Copytrading - Social Trading - PayPal deposits possible - One Stop Shop	Min. Deposit: $200. $50 in AUS Pairs Offered: 47 Leverage: 1:30 Withdrawal Process Time: Max 2 working days Trust Score: 93/100	Read eToro Review Free Demo Sign Up 67% of retail investor accounts lose money when trading CFDs with this provider.
Founded: 2006 Reg: Central... HQ: Ireland... 4.9/5 97/100	- Global regulated broker across 5 continents within 6 jurisdictions - Superior trading conditions for short selling/scalping - Ultra low spreads with fast and reliable order execution - Wide range of educational materials - Innovative trading mobile apps (AvaTradeGo, AvaOptions, AvaSocial)	Min. Deposit: $100 Pairs Offered: Over 1,000 (all instruments) Leverage: EU - Up to 30:1, Professional Client/ROW up to 400:1 Withdrawal Process Time: 1-2 business days. Trust Score: 97/100	Read AvaTrade Review Free Demo Sign Up 71% of retail investor accounts lose money when trading CFDs with this provider.
Founded: 2014 Reg: FMA, FS... HQ: New Zea... 4.5/5 90/100	- Up to 1:500 leverage - Multi award-winning New Zealand broker - Institutional-grade spreads from 0.0 pips	Min. Deposit: $200 Pairs Offered: 300+ Leverage: Up to 1:500 Withdrawal Process Time: Within 24hrs Trust Score: 90/100	Read BlackBull Markets Review Free Demo Sign Up
Founded: 2011 Reg: FCA, Cy... HQ: Cyprus... 4.3/5 85/100	- Well Regulated. - PAMM accounts. - Tight spreads. - Quick withdrawals. - Low min. deposit.	Min. Deposit: $5 Leverage: Up to 1:30 for EU (unless pro) / Up to 1:1000 for non EU Withdrawal Process Time: Same business day Trust Score: 85/100	Read FXTM Review Free Demo Sign Up 81% of retail investor accounts lose money when trading CFDs with this provider.
Founded: 1999 Reg: FCA, AS... HQ: UK... 4.8/5 95/100	- Enhanced Execution and quality pricing. - Award-winning trading platform – Trading Station Web/Desktop/Mobile - Free Access to Exclusive Trading Tools and Services: Trading Signals, Trading Analytics and more - More than 20 Years of experience in Online Trading Services - Leading Provider	Min. Deposit: £300, $50 For ZA and AU Pairs Offered: 50+ Leverage: 1:30 (LTD), Up to 400:1 FX and 200:1 CFD (ZA/AU/MARKETS) Withdrawal Process Time: Depends on Credit Card Issuer. Bank Wire two business days Trust Score: 95/100	Read FXCM Review Free Demo Sign Up 73.05% of retail investor accounts lose money when trading CFDs with this provider.

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. Forex explained in an easy way!

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!

Who are we? Read More Articles

Where forex trading begins