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Top Forex Brokers for Beginners
As more and more traders become interested in the forex market, they will need to begin by choosing a broker. This is one of the most important decisions any trader can make and there are brokers that are out there that will cater to the beginner and offer the tools, learning resources and platforms that make trading easy and enjoyable. With the following brokers, new traders will enjoy secure connections, reliable software and great success as they start to invest in the forex market.
optionsXpress is a broker that is owned by Charles Schwab and this broker offers a practice account to get traders started. There is no minimum deposit amount, so those with small budgets can get right into the trading action. This broker has been around since 2001 and offers multiple webinars for training purposes. There is also the option of attending live workshops.
OANDA Corporation is another great broker for beginners and this one also offers an unlimited practice account. This broker has also been offering services since 2001 and has demo accounts that never expire. There is a section of live and archived webinars for educational purposes and scheduled events that can offer tools, resources and strategies that are useful for the beginner.
Forex.com is another great broker that should be considered by any new trader. Here, traders will enjoy a practice account with $50,000 and there is a minimum deposit of $250 required to open a trading account. Since 1999, this broker has been catering to new and experienced traders and offers webinars, training sessions, Q&A sessions and much more. There are also training courses that can be purchased for small amounts and these can be very beneficial.
TradeKing Forex is a well known and respected broker that offers a $50,000 demo account and requires a $500 minimum deposit amount. TradeKing has been available since 2005 and offers a great FAQ section where new traders can gather much information. The site has sections that explain the basics of trading as well as an area for premium educational services, which are available for a small fee.
These brokers are some of the best choices for anyone that is just starting out and wants to find a safe, secure and reliable broker. With any of these, traders can start off with a demo account to learn the ropes and then take advantage of the many educational tools that are offered.
Forex Related Articles
There's a lot that to know when it comes to Forex trading which is why WorldForex.org will continue adding articles and new information to this website on a regular basis. Please visit us and come back to our website from time to time for the latest Forex technicals, charts and other information.
June 20, 2017
When it comes time to start trading Forex online, traders will start by selecting a broker, which will facilitate the trades being conducted. One of the great names in the business is OANDA, a pioneering brokerage that has been operating since the mid 1990s. With this broker, traders will benefit from many tools, useful tutorials and other great perks that can make trading even more exciting and rewarding. The online platform was launched in 2001 and since that time, it has been a preferred platform for traders from all over the world.
The 1 Minute Scalping Strategy
June 15, 2017
Forex traders who have experience in trading will be aware of many different strategies and techniques that can help generate successful trades and profits. One of the common strategies that is used is the 1 minute scalping strategy. In regards to the Forex market, scalping refers to method of trading specific currencies based on technical analysis. Traders will have the goal of making a profit by buying or selling while holding positions for a very limited amount of time and closing the trade to earn small profits. Most trades with the 1 minute strategy will be held for one minute or less.
June 2, 2017
When new traders make the decision to start investing online, they will have to make an important decision to begin, which is selecting a trading platform. A platform is the software that will be used to send information between the trader and their selected broker. This software can offer a large amount of information including charts and quotes and it is also used to enter orders that will be executed. There are different types of platforms, such as local platforms, which are installed on the computer by the trader and web based platforms, that are run with Java. The advantage of a web based platform is that it can be used by any operating system, so it is accessible to more traders.
May 18, 2017
Forex trading has become one of the most popular forms of investing and since it can all be done online with ease, it is simple for traders to access brokers and conduct trades at any time. While the Forex market may seem easy to enter, there are many things that must be considered before trading. There is a risk involved and traders who enter the market with little knowledge or no information on proven strategies will have a difficult time enjoying any success. Here, we discuss some strategies that have been used over the years and continue to provide traders with the tools they need to conduct successful trades and start generating profits.
May 5, 2017
Investing in the Forex market can be quite exciting and there are many options that can generate amazing profits. Unfortunately, many traders enter the market without the knowledge they should have and they often make common mistakes that can lead to unnecessary losses. Making mistakes while trading is part of the learning process, but there are some mistakes that can easily be avoided. For those that are price action traders, there is not as much information available online, so common mistakes are often made because traders cannot find the right information to help them conduct these tyupes of trades. Here, we discuss the top three price action trading mistakes that are made.