Mastering the Markets, Capturing Every Opportunity
A community of disciplined traders analyzing market trends and capturing profitable forex opportunities with precision and strategy.
Reccommended Brokers
Beat The Market Maker
Tips To A Successful Trading
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Reccommended Brokers
- The Intelligent Investor: The Classic Best Seller on Value Investing,
- A Beginner's Guide to the Stock Market
- How to Day Trade for a Living
- Technical Analysis Explained by Martin Pring
- Encyclopedia of Chart Patterns by Thomas Bulkowski
- Trading: Technical Analysis Masterclass: Master the financial markets
Reading books help you clear and sharpen your mind. Although most of the information nowadays is online, it is good to have a paper on your hands when thinking of an investing strategy or a new angle. The most famous traders weren't Googling, they have studied at least the theory with books. Do yourself a favor and pick any book, not even from this list and start reading it, make marks on it, send us a message to discuss some lines from it. It doesn't matter as long as you keep reading new books, this will create a good habit. Some useful books for trading that we do not have in the above list are also psychology books, keep them for later, they are useful but can also be super boring.
- Finance Magnates, London Summit 2022 | The best in class events for trading
- ICE London | Focusing on betting, but can have a hybrid audience
- Money Show and Traders Expo | We haven't tested, but looks good
- Sibos - The biggest event for banks, mainly for institutional players
- FX Markets APAC Week | Nice expo for Asia markets
- iGB Affiliate | Mainly for partnerships, but you can find also brokers
- Elliot Wave Trading Course
- Trading With Trendlines
- BTMM Trading Course
- ICT Trading Course
- Wyckoff Trading Course
Why Choose A Broker With Help From Us
We are traders ourselves
Having someone reviewing a broker that has never traded with his own money would make sense? We have walked what we talk about.
Selection of Brokers
Are there better brokers than the ones we recommend?Yes, since there are thousands of them. We remove the noise for you, so you can focus on trading.
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The best way to support our team is to open an account with our affiliate links. This way we will keep the site clean from Google Ads.
We are here to help
Believe it or not, this website is curated by real traders. Feel free to reach out in case you believe we can provide a useful angle to your question.
it's quality, not quantity
We are trying to keep our reviews’ word count to a number that someone can digest. We are not an online encyclopedia!
We love communitties
We are a community of traders, exchanging ideas and sometimes we try to sync, you remember the GameStop case right?
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Zero risk with Demo Trading
Forex News
Exness vs. Pepperstone: Which Broker Pays Better?
Two Brokers, Two Models If you trade gold or forex
The Fed, Big Tech, and a Market Waiting for Direction
The Big Picture for Today The market is laser-focused on
Markets Are Adjusting to Something Bigger – Dollar and Oil Outlook
Markets Are Adjusting to Something Bigger This week didn’t give
Frequently Ask Questions
What is Forex trading in plain words?
Forex trading is the trading of foreign currencies. Currencies like the U.S. dollar (USD), Euro (EUR), Canadian dollar (CAD), British pound (GBP), Australian dollar (AUD), New Zealand dollar (NZD), Swiss franc and many others freely float in value against each other in financial instruments known as currency pairs. For example, a commonly traded currency pair is EUR/USD, which pits the Euro against the U.S. dollar. When the Euro goes up in value against the U.S. dollar, EUR/USD will go up. When the U.S. dollar rises in value compared to the Euro, the EUR/USD will go down.
Is a pip the base metric in Forex trading? What is a pip?
A pip is the smallest indivisible unit in the Forex market. You will often hear or read about a 20-pip move or a 50-pip move. Most Forex pairs are expressed with four digits after the decimal point. But those with Japanese Yen (JPY) as the second currency in the pair are expressed with only two digits after the decimal point. So, for example, a pip of USD/JPY is .01, while for EUR/USD, the pip is .0001
Who is Forex trading for?
Forex trading is for anyone who wants to make investments in the currency market. The features that distinguish the Forex market from the stock or commodities markets include: 24/5 market–doesn’t close except on the weekends easier access to leverage easier access to shorting since each pair is set up in opposition to another currency. Forex is well-suited for people who have limited time to trade, but can also be traded short-term using strategies like scalping or high-frequency trading. Scalping and high-frequency trading are very short-term strategies and not for someone who wants a passive income stream. The closest Forex comes to a passive activity is trading on a long-term timeframe, which in Forex can be a few months or years. You could earn a passive income on the interest difference between the two currencies. This is known as a carry trade.
How does Forex trading work?
To make investments in the Forex market, you must first set up an account with a Forex broker. A Forex broker provides you with access to the trading platform, usually with mobile or desktop options. Using the software provided, you can view charts, make trades, and view economic news events and financial reports. The charts allow you to see technical indicators, which are statistical signals to buy, sell, or hold Forex pairs.
How does leverage work in Forex trading?
Leverage is usually specified in ratios like 10:1 or 20:1. This means that for every one unit of currency you have in your account, you get 10 (10:1) or 20 (20:1) units of trading power. The money in your account must maintain margin requirements, or you will face margin calls. For example, if your account holds 1,000 USD and your leverage is 10:1, you have USD 10,000 in trading power. If you make a trade worth $9,500 and the value of the Forex pair drops below USD 9,000, it means you are over $1,000 in the hole. This means that you don’t have sufficient funds to pay your losses. You could receive a margin call at that point. This means that your trades will be immediately closed because you do not have enough margin to secure the losses.
What are alternatives there for Forex trading?
Alternatives to Forex trading include stock trading, cryptocurrency trading, and commodities trading. Stock trading is much stricter in its regulations. It is much more challenging to get approved to use leverage and to get approval to sell stocks short. The stock market is also closed overnight and on weekends. The commodities market is open for trading even less often. Commodities include goods like crude oil, natural gas, corn, and metals. Signing up for an account with a commodities broker is similar to signing up to trade Forex. You will need to provide various information to the broker, and if they feel you are an acceptable risk, they will give you an account. Cryptocurrency trading is in its infancy. The utility of cryptocurrency is low and price changes are mostly driven by hype and market sentiment as opposed to fundamental or technical factors. Some in the financial community does not consider them investments.
Who is the founder of Forex trading?
Alternatives to Forex trading include stock trading, cryptocurrency trading, and commodities trading. Stock trading is much stricter in its regulations. It is much more challenging to get approved to use leverage and to get approval to sell stocks short. The stock market is also closed overnight and on weekends. The commodities market is open for trading even less often. Commodities include goods like crude oil, natural gas, corn, and metals. Signing up for an account with a commodities broker is similar to signing up to trade Forex. You will need to provide various information to the broker, and if they feel you are an acceptable risk, they will give you an account. Cryptocurrency trading is in its infancy. The utility of cryptocurrency is low and price changes are mostly driven by hype and market sentiment as opposed to fundamental or technical factors. Some in the financial community does not consider them investments.
Where does Forex trading take place?
The Forex market is a global market whose orders route around the world. So if you are located on the east coast of America, your orders might go through New York during the day, but after closing time, your order would be routed through somewhere else, perhaps Tokyo or London. And since Forex is a global market with such flexibility, you can also trade Forex online from anywhere in the world.