How You Can Learn To Trade Forex Properly And Turn A Profit In The Worlds Biggest Market

How You Can Learn To Trade Forex Properly And Turn A Profit In The World’s Biggest Market You can be anywhere in the world and be trading anytime 24 hours a day five days a week. The major Forex centers are in Paris, Sydney, Singapore, Frankfurt, Hong Kong, London, New York, Tokyo and Zürich.

You can start to learn to trade Forex (with actual or virtual money) any time you want, by using the best Forex trading platforms discussed in this article.

Brief History of the Forex Market With the formation of the gold standard system established in 1875 in which different countries attached or equated their monetary value to 1 ounce of gold and the changing rate of gold between two different currencies became the standardized currency exchange basis.

Because of the world wars, gold standard led to the establishment of a fixed exchange rate for primary currency reserves. This is the US dollars, the only currency backed up by gold.

However, in 1971, the US declared that it would stop exchanging gold for US dollars and thus ended it (the Bretton Woods system), which ultimately lent to the acceptance foreign exchange rates that were floating and thus the beginning of the current Forex market as we know it.

Simply put the Forex market just involves transaction between one currency to another. They are made through a broker or a trading platform. Profit is made by speculation of the price of one currency against another. In order to be a smart investor? You need top notch information, resources and tools which are all provided by the platforms below. Good set of training and practice, which are also available, by using their virtual money/practice options.

AvaFX Currency Trading Platform is a platform that contains real-time charts and analysis tools that are customizable to suit your investment style. This platform allows as little as $100 deposit and does not charge commissions on trades. Other options include automatic trading, MAC support and the mobile trading application. You may also start practicing trading with the practice account. Make sure to use the range of educational resources available for free with the service.

Plus500 Currency Trading Platform is trading platform that boasts of a unique user-friendly design interface. It comes in three versions. Minimum deposit is €100. It also provides a free demo account which allows unlimited risk free practice on the Forex market. They do not charge commissions on trades, fees are only charged on spreads. Worth noting is their prompt customer service support via email, that you can expect email within the hour. There is also a learning resource which includes the basics of Forex trading but is not as comprehensive as the other platform companies discussed on this article.

Easy Forex Currency Trading Platform is regarded as one of the best platforms available! It includes live market analysis tools , charts. It allows you to trade commodities, currencies and other financial

instruments. This platform appeals to the novice well as the experienced Forex trader. Platform options include web trading with Visual Trading, TradeDesk currency trading platform software that provides a customizable trading environment on your computer; and MT4 and mobile applications. Cost is limited to rolling fees and spreads. eToro Forex Trading Platform is one of the most flexible and versatile currency trading platforms available.

What sets this apart from other platforms is it is also a social investment network with 2,000,000+ active traders on its network. Among all the trading platforms this software has utilized web technologies the most.

Because of the social investment network, less experienced traders may emulate the actions of more experienced veterans to improve their investment decisions. It also boasts of a simple yet flexible trading interface. Instead of charging commissions, the platform charges spreads of 2 pips onwards. A demo account of $10,000 virtual money is also available for practice.

OptionFair Currency Trading Platform This is a one of a kind system, that is different from the others, in that it specializes in binary options which dramatically simplifies the learning curve for less experienced, novice traders. This system promises up to 85% or higher returns however is slightly riskier than other Forex platforms. Customer support is great allowing real-time chat if needed. $250 is the minimum to maintain the standard account.

Resource Hopefully you have found this article informative. I strongly urge you to visit our website to see the full details about the best Forex trading software and the platforms available which will help you in learning Forex trading. In order to begin trading the Forex market you just need three things. A market broker or trading platform, trading know-how and of course capital. If you want to learn about the fundamentals, or just find out more, perhaps you want to get more experience and learn to trade Forex more effectively, then please head over to our website to see the full breakdown of the best Forex Trading Platforms available to novice and expert level FX traders alike.