Top Forex Brokers

Forex is trading currency globally. Forex market is the world’s largest and most liquid market.

In Forex trading you have to analyze and predict the price movement. So in order to trade forex online, you need to register and open a trading account with a Forex broker.

Yes. Any kind of investment carries a higher level of risk unlike  9 – 5 jobs. Higher the risk means higher the rewards as well.  So Forex trading carries a very high level of risk  where you may even loose all the money in the trading account.  Therefore invest only what you can take a risk only !  You can refer Forex money management tutorial to learn about potential methods to minimize risk and maximize rewards.

You can trade Forex from Monday to Friday.  Generally below are the available trading sessions based on GMT time zones.

New York Trading Session 8:00 am to 5:00 pm EST (EDT)

Tokyo Trading Session 7:00 pm to 4:00 am EST (EDT)

Sydney Trading Session 5:00 pm to 2:00 am EST (EDT)

London Trading Session  3:00 am to 12:00 noon EST (EDT)

So basically based on above trading sessions, forex market is available 24 hours during weekdays.

In general you will find Dealing Desk ( Market Makers ) and Non Dealing Desk type Forex brokers as the two main types.  Non Dealing Desk brokers can be further categorized as  Straight Through Processing ( STP ) Broker or an Electronic Communications Network ( ECN ) Broker.  Well the type of broker that you are going to trade  with does not matter as long as the broker is a regulated and licensed forex broker.

Forex brokers will offer Meta Trader 4 ( MT4 ) or Meta trader 5 ( MT5 ) or cTrader or  propitiatory trading platform that can be used as a browser based, desktop or laptop based application.  Also Android or iOS based trading platform too will be offered by every broker.

All major forex brokers will support Skrill, Neteller, Master / Visa cards. Some may support Paypal.

In General you will need to submit identity and address verification documents.