Forex Trading

Forex trading is the activity in which speculative operations are carried out looking for changes in the price of a currency. It is a fully decentralized global market in which individuals, companies, large banks, financial institutions and even central banks participate.

Reliable Forex Brokers

Bróker de Forex Iq option IQ Option
Minimum Deposit
10$
EUR/USD Spread
5.6
Leverage
1:500
Advantages
Best Technology Application Best Forex Broker for Beginners
Platforms
Own WebTrader, App for iOS, App for Android
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Bróker de Forex Fxpro FxPro
Minimum Deposit
100$
EUR/USD Spread
1.6
Leverage
1:500
Advantages
Over 70 awards Trusted Broker for Professionals
Platforms
MetaTrader 4, MetaTrader 5, cTrader
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Bróker de Forex libertex Libertex
Minimum Deposit
10$
EUR/USD Spread
Variable
Leverage
1:500
Advantages
Trade on the go Over 250 trading assets
Platforms
MetaTrader 4, Proprietary WebTrader, App for iOS, App for Android
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Bróker de Forex IG IG
Minimum Deposit
No minimum
EUR/USD Spread
0.76
Leverage
1:200
Advantages
Ongoing support Free trading courses
Platforms
Proprietary WebTrader, MetaTrader 4, L2 Dealer, App for iOS, App for Android
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Bróker de Forex XTB XTB
Minimum Deposit
250 $
EUR/USD Spread
0.8
Leverage
1:200
Advantages
Protection of negative balance Capital on national territory
Platforms
xStation5, MetaTrader 4, App for iOS, App for Android
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Bróker de Forex Admiral Markets Admiral Markets
Minimum Deposit
No minimum
EUR/USD Spread
0.6
Leverage
1:500
Advantages
Over 4000 CFDs Excellent trading conditions
Platforms
MetaTrader 5, MetaTrader 4, MetaTrader Supreme Edition, MetaTrader WebTrader
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Bróker de Forex etoro eToro
Minimum Deposit
200$
EUR/USD Spread
0.2
Leverage
1:30
Advantages
CopyTrader™ Technology The World Leader in Social Trading
Platforms
Own WebTrader, App for iOS, App for Android
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Bróker de Forex plus500 IQ Option Vs Plus 500: Choose the best online trading platform
Minimum Deposit
100$
EUR/USD Spread
Variable
Leverage
1:300
Advantages
Tight margins No commissions
Platforms
Webtrader + Free App
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Bróker de Forex avatrade AvaTrade
Minimum Deposit
100 $
EUR/USD Spread
1.9
Leverage
1:400
Advantages
Unrestricted trading Fast and reliable orders
Platforms
MetaTrader 4, App for iOS, App for Android
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Bróker de Forex 24Option 24Option
Minimum Deposit
100 $
EUR/USD Spread
1.5
Leverage
1:400
Advantages
Attention and support in Spanish
Platforms
MetaTrader 4
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FXTM review FXTM review
Minimum Deposit
10
EUR/USD Spread
1:20
Leverage
1:30
Advantages
Attention and support in Spanish
Platforms
MetaTrader 4
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What is Forex trading? Guide to trading the FX markets

Forex trading is the main activity within the foreign exchange market, the vast majority of the volume traded is done by long and short term traders looking for speculative gains.

How to make money on Forex?

To make money in Forex you need to have basic knowledge of technical analysis, fundamental analysis or order flow analysis.

Forex trading consists mainly of opening a position in a currency at a certain price and closing it at a higher price, if it is a bullish position, or at a lower price if it is a bearish position.

There are strategies simple or even very advanced forex trading. It is also very common nowadays to use programming algorithms to perform trades automatically.

If you are a beginner, the easiest way to start making money with forex is to use trading systems based on moving averages or similar, as they are systems with simple and clear rules, and have a long history with market analysts.

How much money does it take to trade?

Like most brokers for forex trading such as eToro, IG y Admiral Markets have very low minimums (US$100 / US$200) for account opening the question you should really be asking is: how much money can you allocate to trading?

As Forex trading is a type of activity that has some risk associated with it you should set aside a portion of your savings that you are willing to lose in case things go very wrong in the face of unusual events such as Brexit or similar.

Never allocate very large amounts that can make you nervous, as trader psychology is one of the main factors that affect the success of a trader.

A basic rule in forex trading is that every trade you make should have a specifically delimited exit point if it goes against you, and that it should not represent more than 1 or 2% of your total investment capital. This way you will be able to have constant and probabilistically speaking stable growth in the long term.

Conclusion

If you want to invest in new markets to get additional income and grow your savings, Forex trading is a good alternative, as you can combine it with your regular job or even dedicate yourself completely to it. It all depends on how aggressive you want to be with your investments.

Many people dedicate one or two hours a day to copy trading, while others are much more active. You can also use copy trading to rely on the trades of experienced traders or even buy bots that trade all day long for you.