What is forex and how can we earn from Forex trading ?
Forex is the worlds global currency market where all currencies are traded. So basically we can earn from it with buy orders and sell orders. If you have already done binary trading, you may have got an idea about buy/sell orders in the form of Call/Put. So basically we earn with forex based on your entry and exit points of a trade.
Is Forex and Binary Same thing or two different things
Both are high risk and high yield investments but basics are same as we predict the future of a currency pair based on our analysis on both.
In binary you have to decide the outcome ( going to be higher or lower that your entry point ) of a currency pair based on a fixed time. If your prediction is correct, you can normally gain upto about 92% in addition to what you invested for the trade. Incase if your prediction is incorrect, you will only loose the amount you invested. Not anything more than that.
In forex you do not have a fixed exit point like in Binary. You can close your trade at anytime as you wish. So basically, if you are successful with a trade. Your earning can be many times higher than your investment. Same way, if your trade is unsuccesful, your loss can be very high unless you use proper money management methods such as Stop Loss. So basically if you do it correctly. The earning potential of Forex is extremely high.
How to choose a reliable regulated broker for forex trading ?
Forex industry too consists of various types of Brokers. Dealing Desk ( market makers ) and Non dealing desk are the
two main types of brokers.
Dealing Desk ( market makers ) forex brokers - Market makers mean they actually makes a virtual market within the company using it's customers. For example, If you make a sell order. It will be matched with a buy order within it's other clients. In case if the virtual market does not have a matching order, company will be taking the opposite end of your trade. So always make sure the market maker broker is a regulated company to make sure your trading with a reliable broker.
Non dealing desk forex brokers - ECN and STP are the two types within non dealing desk brokers. Generally what happens is they will be passing your orders to liquidity providers ( banks, hedge funds & investment institutes etc where the true market exits ). They make profits only by charging a small fee as a service charge and a small commission per order. So basically they would prefer you to win always as more trades means they too earn with service charges and commissions.
Recommended Forex Brokers - Tickmill, ICMarkets and FBS Broker
Just like how we introduced you guys the best binary option brokers. Below are the list of recommended brokers for forex trading using MT4 or Ctrader platform
1. Tickmill STP Forex Broker - Minimum Deposit $100
If you like to trade using the MT4 Standard Trading Platform, then Tickmill will be the best as they offer the tightest spread for scalping ( short term 20-50pip lik trades ) with a small investment as low as $100 ( You can try the free demo before using a live account ).
Why choose Tickmill for forex trading ?
1 - FCA UK REGULATED and FSA SC REGULATED Company
2 - Non dealing desk STP Broker.
3 - You can start with as low as $100 ( $200 - $1000 Minimum deposit is recommended)
4 - Spread starting from 0.0
5 - Minimum Lot Size is 0.01
6 - Leverage of up to 500:1
7 - Free demo account and free learning materials.
8 - Award winning company
9 - A registered company in UK
10 - Company does not charge any fee when funding and withdrawing money.
11 - They keep your funds safely in a separate account ( Segregated Accounts )
12 - Mt4 trading account offered
2. ICMarkets True ECN Forex Broker - Minimum Deposit $200
If you like to trade using the Modern ctrader ( less headache in setting take profit targets and stop losses as it automatically displays you everything ) trading Platform, then ICmarket will be the best as they offer the tightest spread for scalping ( short term 20-50pip lik trades ) with a small investment as low as $200 with a true ECN account ( You can try the free demo before using a live account ).
Why choose ICmarkets for forex trading ?
1 - ASIC Australian REGULATED Company
2 - Non dealing desk True ECN Broker.
3 - You can start with as low as $200 ( $200 - $1000 Minimum deposit is recommended)
4 - Spread starting from 0.0 pips
5 - Minimum Lot Size is 0.01
6 - Leverage of up to 500:1
7 - Free demo account and free learning materials.
8 - Award winning company
9 - A registered company in Australia
10 - Company does not charge any fee when funding and withdrawing money.
11 - They keep your funds safely in a separate account ( Segregated Accounts )
12 - Ctrader, Mt4, Mt5 trading account offered
3. FBS Lowest Deposit Forex Broker - Minimum Deposit $5
If you like to trade with the lowest amount of deposit, then fbs is the best option for you. You can start with 'Micro Account' of FBS with as low as $5 ( You can use cent account too but it would be better to always start with a standard account like Micro). You can trade various types of instruments with FBS broker. Also one major plus point is they offer the best bonuses in the industry.
Why choose FBS Forex Broker for forex trading ?
1 - IFSC Belize REGULATED Company
2 - You can start with as low as $5 ( $200 - $1000 Minimum deposit is recommended)
3 - Spreads are fixed, from 3 pips
4 - Minimum Lot Size is 0.01
5 - Leverage of up to 3000:1
6 - Free demo account and free learning materials.
7 - Award winning company
8 - A registered company in Belize
9 - They keep your funds safely in a separate account ( Segregated Accounts )
10 - Mt4 & Mt5 trading account offered
11 - Supports Cards, Skrill, Neteller and even Stickpay like modern ewallet methods
12 - ECN Accounts Supported
4. Pepperstone ECN Forex Broker - Minimum Deposit $200
Pepperstone is one of the popular brokers in Aussie. It is an Australian based broker, regulated and licensed. offers various trading instruments. Offers ctrader platform as well for trading ( other than MT4 and MT5 ). One big positive thing is they offer Paypal for deposits and withdrawals as well.
Why choose Pepperstone Forex Broker for forex trading ?
1 - ASIC Australian and FCA REGULATED Company
2 - Non dealing desk True ECN Broker.
3 - You can start with as low as $200 ( $200 - $1000 Minimum deposit is recommended)
4 - Spread starting from 0.0 pips
5 - Minimum Lot Size is 0.01
6 - Leverage of up to 500:1
7 - Free demo account and free learning materials.
8 - Another Award winning company
9 - A registered company in Australia just like ICMarket.
10 - Company does not charge any fee when funding and withdrawing money ( for most countries).
11 - They keep your funds safely in a separate account ( Segregated Accounts )
12 - Ctrader, Mt4, Mt5 trading account offered.
13 - One of the best brokers for Scalping, Expert advisors, Hedging and News based trading.
