Forex How To

If you are fascinated in foreign currency, have views on the direction of currency pairs and want to learn how to trade forex online then you have come to the right place. Around $4 trillion daily is traded on global currency markets that are open 24 hours a day, 5 days per week, lots of money can be made, but you need to know what you are doing. Forex How To will teach you how to trade forex online, understand influences on the foreign exchange market, leverage possibilities and help to choose the correct trading platform. Experienced traders can regularly expect to make an additional income of $1,000 – $10,000 per month trading forex.

XM Australian CFDs provider

Your success is key when trading forex! In theory anyone can make money on forex which doesn’t require a huge amount of capital to get started, however it is important to realize that only a well educated and managed investor can make money in the long term. Forex trading is not really investing in the true sense, however is a more speculative system where potential for high returns goes hand-in-hand with increasing risk. The following list of Australian forex brokers provide all the training, tools and platforms required to trade profitably and successfully.

Broker Info Bonus AU Traders Open Account
Ava Trade Spread: As low as 2 pips
Leverage: 400:1
Min Account Size: $100
Demo Account: Open
Free Ipad Mini + $1,000 Bonus USA Allowed Visit Broker Read Review
Easy-Forex Spread: As low as 2 pips
Leverage: 1:200
Min Account Size: $25
Demo Account: Open
$200 Bonus USA Allowed Visit Broker Read Review
eToro Spread: As low as 2 pips
Leverage: 400:1
Min Account Size: $50
Demo Account: Open
Up to $10,000 extra USA Allowed Visit Broker Read Review

Once you have chosen a forex broker the next step is to register for an account, download or access the trading platform and complete the process by depositing funds into your account. For the absolute beginner you may want to utilize the brokers demo account first and then switch over to real money trading. Deposits can usually be made from various different methods including wire transfers, credit card, paypal and other popular e-wallets. It really is easy to start trading forex online at Forex How To!

Top Tips for Successful Forex Trading

  • Spend time learning how currency markets work and how leveraging works before you start trading.
  • Pick the right broker who will provide the best platform and bonuses to suit your needs.
  • Deposit a large enough deposit to collect a decent bonus, trade with money you can afford to loose.
  • Set a stop-loss and take-profit on each order and never chase losses.
  • Don’t fall in to a trap of gambling for example pokies online where people chase losses.