The three most essential benefits of forex brokers are regulated and trustworthy brands with user-friendly web-based platforms. Second, these companies offer a variety of educational resources for beginners, such as videos or articles on how trading works; Thirdly, there’s access to quality market research which will help you make smarter decisions when investing your money!
What Is Forex Trading?
Forex trading is the process of exchanging one currency for another, rumoured to be worth over 6 trillion dollars per day. The forex market consists primarily of global traders looking to take advantage when rates change and invest in other countries’ currencies or gold coins depending on what they think will rise higher than others, making this an incredibly competitive space!
What Is a Forex Broker?
You can trade forex, also known as foreign currency exchange trading, or FX for short. You do this by opening an account with a broker and using their platform to buy/sell currencies on margin while they are open 24 hours per day, 5 days out of 7, including weekends- so it works perfectly around your schedule!
Top 5 Trading Platform for Beginner
Let’s discuss the top 5 forex trading platforms for beginners. The Forex Broker Listing is a great way to find the best forex brokers for trading. This unbiased and honest guide will help you choose which one works well with your needs!
Plus500
Plus500 is a global brand that provides traders with an easy-to-use trading platform and a thorough selection of CFD instruments. However, they trail industry leaders in market research and advanced tools desired by active investors. Plus500 offers a variety of trading options to suit any trading style, but they lack certain features and tools aimed by professional traders.
IG
IG offers traders the ultimate package of excellent trading and research tools, industry-leading education with competitive pricing that can’t be beaten. The list says that IG has become one of the best brokers in 2021 due to their great service!
eToro
eToro is an excellent platform for social copy trading and cryptocurrency investment. Not only does it have a user-friendly web interface, but also one that can be downloaded onto your phone. The best part? You don’t need any experience or knowledge about finance to use this site – so what are you waiting for?
AvaTrade
AvaTrade’s reputation for providing traders with an extensive selection of trading platform options makes it a trusted global brand. We found that Avatrade was great at copy-trading, competitive when accessed from mobile devices, and mostly in line with industry standards when pricing research tools were considered; they also did very nicely overall consider how much attention investors need. Before investing their funds here!
CMC
CMC Markets offers a diverse selection of educational materials for traders, including written articles and videos. The Next Generation platform that comes packed with features makes it the fastest option on offer from any company in its industry!
Conclusion
If you’ve been looking for a Forex trading platform to use, we have 5 that are great options. Please look at our list and see which one is the best fit for your needs.
Hi, I am looking for DMI+/DMI- and Ichimoku scanners for the Australian Stock Market.
Do you know of any? Your recommendations would be appreciated.
Thanks,
Henk Geurtsen