Forex Resources

These are the list of regulated forex brokers. Why choose regulated? because they are legitimate and licensed by financial law. Being regulated meant they are trying their best to follow the rules what they have license for and trying their best to keep their reputations at the best shape. Never choose unregulated brokers because they will run away with your money and there is no way/place you can complaint about them. This is one step to keep away your worries.

Brokers Regulation Leverage Details
FX Club CFTF, NFA 50:1
  • Min. Deposit = $250 USD
  • Deposit Options: Bank Transfer, Debit/Credit Cards
  • Withdrawal Options: Bank Wire and Checks Only
  • Trading Platform: Meta Trader 4
  • Practice A/C: Available
  • Min. Deposit = $50 USD
  • Deposit Options: Debit/Credit Cards, Bank Wires, ACH, Paper Check
  • Withdrawal Options: Debit/Credit Cards, Bank Wires, Check Paper
  • Trading Platform: Meta Trader 4, Desktop, Mobile
  • Practice A/C: Available
Alpari ASIC, CFTC, CySEC 500:1
  • Min. Deposit = $200 USD
  • Deposit Options: Debit/Credit Cards and Bank Transfers
  • Withdrawal Options: Bank Wire only
  • Trading Platform: Meta Trader 4, Meta Trader 4 for Mac, Meta Trader 5, Iphone, Android
eToro NFA, CySEC, ASIC, CFTC, MiFID 400:1
  • Min. Deposit: $50 USD
  • Deposit Options: Credit Car, Wire Transfer, Paypal, Western Union, MoneyGram, Neteller, Moneybookers, Webmoney
  • Withdrawal Options: Credit Card, Paypal, Moneybookers, Webmoney, Neteller (eWallets), Western Union/MoneyGram, Bank Transfer
  • Trading Platform: eToro OpenBook, eToro WebTrader, Copy.Me, Android, Mobile Trader
  • Min. Deposit: $1 USD
  • Deposit Options: Bank Wire, Credit Cards, Check
  • Withdrawal Options: Bank Wire, Credit Cards, Check
  • Trading Platform: Meta Trader 4, IBFX Connect, TradeStation, TradeStation IFX
Interactive Broker SEC, CFTC, FSA, IIROC 78:1
  • Min. Deposit: $5000 USD
  • Deposit Options: Bank Wire, ACH, Check, Online Bill Payment, Canadian Bill Payment, Canadian Electronic Funds Transfer (EFT)
  • Withdrawal Options: US (ACH), Check, Canadian Electronic Funds Transfer (EFT), Single Euro Payment Area (SEPA)
  • Trading Platform: Desktop Trading, Mobile Trading, Web-Trading all these using Trader Workstation (TWS) software
  • Min. Deposit: $1 USD
  • Deposit Options: Credit Card, Bank Wire Transfer, Paypal, Checks
  • Withdrawal Options: Bank Wire, Credit Cards, Check, Paypal
  • Trading Platform: OANDA Web-trading platform, Meta Trader 4, iPhone, iPad, Android, Blackberry
  • Min. Deposit: $250 USD
  • Deposit Options: Credit/Debit Card, Bank Wire, Paypal, ClickandBuy
  • Withdrawal Options: Credit/Debit Card, Paypal, ClickandBuy, Bank Wire
  • Trading Platform: Meta Trader 4, Swordfish (Mobile and Desktop) Platform

Most Popular Forex Community Discussion Forums, Economic Calenders, Charting Application:

1. Forex Factory - The most popular and active forex forum online discussion about technical analysis, fundamental analysis, trading strategy. This is the best forum you can start to learn something from other people. This forum also provide live streaming of your trade from any popular trading platform i.e. OANDA, Alpari, FXCM, etc to analyze the story of your trade results. Apart from that Forex Factory economic calender is the most complete and up-to-date compare to the rest that i ever know.

2. FxStreet  Social Network - Forex community forum that allows you to have live chat with fellow traders online. It also provide live streaming charting tools to analyze the market, and NetDania charting is simply one of the best you can find online

3. BabyPips - Forum for forex beginners, it's all what you need to start as forex traders. They offer free online knowledge for novice traders. The simplicity of words and interface of the site suite perfectly the needs of those who wants

4. Mataf - In depth study of currency correlation, in advance forex knowledge any traders should learn the statistic of currency correlation as it affects one another significantly. It also can be useful for hedging trading.

5. Investopedia - Learning materials for technical indicators such as MACD, Stochastic, Support Resistance, Fibonacci, etc.

Why Market Opening Hours is important to know in forex trading?

  • The most volume traded are within the market opening hours, and the volume accumulates when the next consequent market open. Assume we are using +8 GMT (Malaysian) time. Asian Market opens = 8:00 AM the market will start to move significantly, the market movement will become more and more when European Market opens at 3:00 PM and the most in the US Market open at 8:00 PM. When the market closed at 2:00 AM the market volume traded will be less.

Popular Posts