When you trade in Forex you are not buying and selling currencies, but are making wagers upon whether currencies will rise or fall in value. You always opt for paired currencies to trade, in expectation your chosen currency will rise against falling prices of the paired currency. One of the best ways to assist learning Forex trading is to trade in the currency of your own country at first. You are more likely to recognise developments and news releases that will affect the price of your own currency, so profits may well be higher. When you have developed a confident trading manner, move on to trading global currencies.
Most brokers provide demo accounts, allowing new customers the ability to find out more about Forex trading before depositing capital. You can also source a good deal of free information, learning, education and seminars or webinars from good brokers, if you want to learn to trade successfully and with confidence.
If you’re searching around for trusted and regulated forex brokers offering the best tight spreads for 2016, check out the following listing:
Core Spreads provides a good welcome bonus of up to 50 percent on the first month’s spreads, and offers traders some of the tightest spreads available in the industry, starting at 0.7 pts. The CorePoints loyalty programme is a good way to earn cash rebates, based on trading activities throughout the month and provides up to 25 percent in bonuses.
ETX Capital is an award-winning British broker providing a variety of platforms to clients. The forex trading platform provides very tight spreads on popular currencies, from 0.7 for EUR/US$ to 0.9 for EUR/YEN and AU$/US$. ETX Capital is fast establishing itself as one of the most popular and trusted forex trading brokers in the market.
This broker provides tight spreads across various currency pairs, for example EUR/US$ and offers new traders opportunities to learn about spread betting on Forex via a useful demo account. If you’re new to trading Forex take as much time as needed to learn tricks of the trade via the dummy account. Spread Co is a British company and regulated by the Financial Conduct Authority in the UK, one great aspect of this provider is that low cost trading gives clients chances to trade for just £1 per point.
This is a popular choice amoung new traders, with access to a great free demo account with excellent charting. CMC Markets has tight spreads which start at 0.7 pts and with 330 currency pairs to choose from, there’s sure to be a pairing to suit any trader. Clients who trade regularly each month may qualify for the CMC Rewards programme which provides cash rebates on all qualifying trades.
This company also gives frequent traders cash back at the end of each month. The rewards system pays up to 10 percent of the total monthly spread straight back to customers. With 3D Markets traders can trade forex as a spread bet or CFD, with more than 35 currency pairs to choose from. 3DMarkets spreads are fixed during market hours and start at 0.8 pts. This broker provides a demo account to new customers with £25,000 in virtual cash to trade.
New customers can sign up for a £100,000 practice account with Markets.com to learn to trade forex online. The broker gives a £25 welcome bonus and has tight, competitive spreads. Clients can trade a variety of currency pairs, including exotics and virtual Bitcoin.
DF Markets is a UK-based forex trading provider, giving tight spreads at low rates of commission. Leverage up to 200 times the cash deposit is available, so clients may only need to deposit £100 but will have ability to trade up to £20,000.
When you’re selecting Forex brokers to handle your trades, don’t be swayed by the best welcome bonus deals alone. Insist that the brokers are registered and regulated by a trusted body such as the Financial Conduct Authority in the UK or CySEC in Cyprus, these authorities provide customers with the best protection against unscrupulous brokers. All Forex traders must be over the age of 18 and need to be fully aware that dealing in currencies via brokers can be a risky investment. Don’t to trade more than you can afford to lose.