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!

Broker Features Regulator Platform Payment Methods Next Steps
FXTM Image

FXTM

Founded: 2012 		Pros:

High leverage
PAMM accounts
Tight spreads

Cons:

Does not accept US traders

 CySEC Metatrader 4 & Metatrader 5 Visa, MasterCard, Maestro, China Union, Neteller, Skrill, Webmoney, Alfa-Click, Dotpay, Yandex Money, Payza, QIWI, Wire transfers
Sign Up
Free Demo
Read FXTM Review
Avatrade Image

Avatrade

Founded: 2006 		Pros:

Avatrade platform is comprehensive and easy to use

Cons:

Max Leverage 200:1

 MiFID & ASIC Avatrade, Metatrader 4, Mirror Trader, ZuluTrade, Signal Trader Mastercard, VISA, JCB, Paypal, Neteller, Webmoney, Skrill(Not AUS or EU)
Sign Up
Free Demo
Read Avatrade Review
Plus500 Image

Plus500

Founded: 2008 		Pros:

Wide variety of trading instruments
Easy to use platform

Cons:

Does not accept US customers

 Plus500UK: FCA; Plus500CY: CySEC; Plus500AU: ASIC Plus500 Visa, MasterCard, Maestro, Diners Club, Skrill, Paypal, Wire transfer
Sign Up
Free Demo
Read Plus500 Review
eToro Image

eToro

Founded: 2006 		Pros:

Social trading network
CopyTrader

Cons:

Does not accept US traders

 FCA, CySEC eToro Visa, MasterCard, Diners Club, AMEX, Paypal, Neteller, Skrill, Worldpay, Giropay, Yandex Money, Wirecard
Sign Up
Read eToro Review
easyMarkets Image

easyMarkets

Founded: 2001 		Pros:

300 plus trading instruments
Deal cancellation feature
Fixed spreads

Cons:

Only 4 languages

 ASIC, CySEC MT4, Web platform and Easy Markets on Mobile Visa, AMEX, Maestro, Giropay, JCB, Skrill, Webmoney, Uemadai and Neteller
Sign Up
Free Demo
Read easyMarkets Review

    View all Top Forex Brokers