Forex Trading Explained - Become a successful forex trader!

Bullish European stocks indices - DAX and EURO STOXX 50 forecast

Published 8 hours ago by: Steve Miley

A strong tone, with a dip and a rebound on Monday to end November for European (and global) equity averages.This “risk on” theme remains from vaccine hopes and the Biden bounce.Tuesday has already seen very strong Chinese Manufacturing Purchasing Managers Index (PMI) data, with further global data due today.European averages have managed to hit to new cycle highs.Here we review the German and pan-European benchmark indices, the DAX and the… Continued

Daily Digest:

1st December 2020: Global stock indices post impressive November returns, despite month-end dips; Asian stocks rebound with strong Chinese PMI data; US Dollar stays weak

Latest News

Bitcoin in 2020: Coming up to $20,000 again

Published 1 day ago by: Anton Sviridov

This year has seen a massive resurgence of crypto optimists. The 3rd halving that happened in May propelled investors into… Continued

Markets keep the party going, despite surging US COVID-19 cases

Published 1 day ago by: Steve Miley

Macroeconomic/ geopolitical developments A fairly quiet week on the macroeconomic and geopolitical front, with the holiday shortened session in the… Continued

US Dollar stays weak as AUDUSD and USDCAD approach key levels

Published 1 day ago by: Shaun Downey

Dollar Index reaches final major support (DXY forecast)Euro breaks up (EURUSD forecast)Pound posts negative (GBPUSD forecast)Aussie reaches major monthly resistance (AUDUSD forecast)Dollar-CAD approaches… Continued

View all Articles

Latest Videos

Bullish European stocks indices - DAX and EURO STOXX 50 forecast

Published 8 hours ago by: Steve Miley

A strong tone, with a dip and a rebound on Monday to end November for European (and global) equity averages.This… Continued

Markets keep the party going, despite surging US COVID-19 cases

Published 1 day ago by: Steve Miley

Macroeconomic/ geopolitical developments A fairly quiet week on the macroeconomic and geopolitical front, with the holiday shortened session in the… Continued

Gearing, Leverage and Margin

Published June 18, 2019 by: Steve Miley

In this video and article, we are looking at the concepts of Gearing, Leverage and Margin. https://youtu.be/c0aGVQLcOXA Gearing, Leverage and… Continued

View all Videos View all Educational Videos

Market Overview

Currency Converter

Learn how to trade Forex - Most Popular

Why you should keep a trading log

Published April 3, 2020 by: Steve Miley | Share:

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: Steve Miley | Share:

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 by: Steve Miley | Share:

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 by: Steve Miley | Share:

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 by: Steve Miley | Share:

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

View All

Top 6 brokers in your location

Broker	Pros	Features
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 72% of retail investor accounts lose money when trading CFDs with this provider.
Founded: 2010 Reg: ASIC, F... HQ: Austral... 4.7/5 94/100	- FCA, ASIC, DFSA, SCB, CMA, CySEC, BaFin regulated broker - Segregated client funds in tier 1 banks. - Awarding-winning client support from our team 24/5. - Low latency, fast execution in under 30ms. - Get consistently competitive spreads and low commissions from 0.0 pips.	Min. Deposit: $200 Pairs Offered: 180 Leverage: 1:30. For professionals up to 1:500 Withdrawal Process Time: 12-24 hours Trust Score: 94/100	Read Pepperstone Review Free Demo Sign Up 74-89% of retail investor accounts lose money when trading CFDs with this provider.
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, ASIC 1:400 Withdrawal Process Time: Max 2 working days Trust Score: 93/100	Read eToro Review Free Demo Sign Up 75% of retail investor accounts lose money when trading CFDs with this provider.
Founded: 2008 Reg: Plus500... HQ: Israel... 4.8/5 95/100	- Advanced risk management tools - 24/7 online support. - 2000+ instruments. - 30+ languages. - All devices. - 0 commissions. - Tight spreads.	Min. Deposit: $100 Pairs Offered: 70+ Leverage: 1:30 Withdrawal Process Time: 1-3 Business Days Trust Score: 95/100	Read Plus500 Review Free Demo Sign Up 76.4% of retail investor accounts lose money when trading CFDs with this provider.
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: 2008 Reg: FCA, AS... HQ: Cyprus... 4.7/5 94/100	- Beginner Friendly - Well established - Well regulated - Leverage 1:30	Min. Deposit: $250 Pairs Offered: 2,000+ assets, including forex, indices, commodities, shares and cryptos Leverage: EU - Up to 30:1, ROW up to 300:1 Withdrawal Process Time: 24 hours Trust Score: 94/100	Read Markets.com Review Free Demo Sign Up 73,9% 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

Where forex trading begins

Bullish European stocks indices - DAX and EURO STOXX 50 forecast

Latest News

Bitcoin in 2020: Coming up to $20,000 again

Markets keep the party going, despite surging US COVID-19 cases

US Dollar stays weak as AUDUSD and USDCAD approach key levels

Latest Videos

Bullish European stocks indices - DAX and EURO STOXX 50 forecast

Markets keep the party going, despite surging US COVID-19 cases

Gearing, Leverage and Margin

Market Overview

Currency Converter

Learn how to trade Forex - Most Popular

Why you should keep a trading log

Trading in Volatile Markets

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

Which Forex markets and currencies should I trade?

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

Top 6 brokers in your location

What is FX Explained and why are you here?

Please comment below

Cancel reply