is a guide to Forex trading written by experienced Forex traders for new Australian Forex traders.  We compare brokers against each other and reviews using atransparent methodology, share insights from our own trading experience and have aneducation sectionto encourage readers to study the strategy of trading.

This Forex guide puts the reader first, and believe it or not, this is not common in our industry. The Forex trading broker industry is big business, and thus they use large marketing budgets to entice comparison websites to improve ratings, falsely adjust opinions and outright promote untruths. While we are a reader-supported magazine ourselves (more on this below), our promise to you is that we will always write our reviews based on our experience and following our editorial standards.

FX Australiais a guide to Forex trading written by experienced Forex traders for new Australian Forex traders.

We compare brokers against each other and reviews using atransparent methodology, share insights from our own trading experience and have aneducation sectionto encourage readers to study the strategy of trading.

This Forex guide puts the reader first, and believe it or not, this is not common in our industry. The Forex trading broker industry is big business, and thus they use large marketing budgets to entice comparison websites to improve ratings, falsely adjust opinions and outright promote untruths. While we are a reader-supported magazine ourselves (more on this below), our promise to you is that we will always write our reviews based on our experience and following our editorial standards.

FX Australiais a guide to Forex trading written by experienced Forex traders for new Australian Forex traders.  We compare brokers against each other and reviews using atransparent methodology, share insights from our own trading experience and have aneducation sectionto encourage readers to study the strategy of trading.

This Forex guide puts the reader first, and believe it or not, this is not common in our industry. The Forex trading broker industry is big business, and thus they use large marketing budgets to entice comparison websites to improve ratings, falsely adjust opinions and outright promote untruths. While we are a reader-supported magazine ourselves (more on this below), our promise to you is that we will always write our reviews based on our experience and following our editorial standards.

FX Australiais a guide to Forex trading written by experienced Forex traders for new Australian Forex traders.

We compare brokers against each other and reviews using atransparent methodology, share insights from our own trading experience and have aneducation sectionto encourage readers to study the strategy of trading.

This Forex guide puts the reader first, and believe it or not, this is not common in our industry. The Forex trading broker industry is big business, and thus they use large marketing budgets to entice comparison websites to improve ratings, falsely adjust opinions and outright promote untruths. While we are a reader-supported magazine ourselves (more on this below), our promise to you is that we will always write our reviews based on our experience and following our editorial standards.

Stocks, Commodities. Indices, Options, ETFs Bonds, FX, Cryptocurrencies,

Commodities, Cryptocurrencies, Currencies, Indices, Metals, Shares, Stocks, Energies

Commodities,Currencies,Cryptocurrencies, Stocks, Bonds, Indicies, Futures

Commodities, Cryptocurrencies, Currencies,ETFs, Indices, Stocks

Currencies, Cryptocurrencies, Stock Indices and WTI, Bonds, Precious metals

Currencies, Cryptocurrencies, Stock Indices and WTI, Bonds, Precious metals

Forex, Futures, Indices, Metals, Shares, Energies

Currencies, CFDs, Commodities, Indices, Metals, Cryptocurrencies, Vanilla Options

Mastercard, Visa, Neteller, Skrill, PayPal, Bank Transfer

Mastercard, Visa, Maestro, UnionPay, Neteller, Skrill, Bitcoin, Bank Transfer

Mastercard, Visa, UnionPay, Neteller, Skrill, Paypal, Bank Transfer

Bank wire, Visa, Mastercard, Skrill , Neteller

Visa, Mastercard, Bankwire, POLi, Fasapay, Neteller, Skrill, PaySec, BPay

Visa, Mastercard, Bankwire, POLi, Fasapay, Neteller, Skrill, BPay

Mastercard, Visa, Maestro, UnionPay, Neteller, Skrill, Bank Transfer

Mastercard, Visa, Maestro, Neteller, Skrill, Bank Transfer

Th Frx mrkt іѕ a wrldwіd decentralised fіnnіl market whr urrnіѕ are trdd. Forex trading is buying or selling currencies to make a profit from the fluctuations in the currency market.  Buy low, and sell high.

Forex Trading is CFD Trading.  In CFD trading, the trader never takes ownership of the asset itself. Instead, the trader is only speculating on the price of a currency.  Just because you are trading the US Dollar against the Aussie Dollar, does not mean that you own either one of them at any point in time.

Forex trading involves risk, and inexperienced traders can quickly lose all their money because the Forex market is volatile and impossible to predict.  Use arisk management strategybecause 70-95% of retail traders lose money.

Forex profits aretaxable.  If you make money, you are required to include it on your tax declaration just as you do with gains from other investments.

Forexbrokers are not all equal.  Forex brokers are in business too, and each will be trying to make money from your trades.STP brokerswill take a commission for handling your trades, while others will make money by stretching the difference between the buying and selling price of the pair.  This difference is known as the spread, and while having a spread is normal, when it gets too wide, it eats into your profits. If you are only interested in trading with brokers regulated in Australia,our full list of ASIC regulated brokers is here.

To get started with trading, make sure that you are aware you could lose your money.

Get familiar with the differenttrading platforms.

If you are new to Forex trading, you should open ademo accountwhere you practice with fake money using real market data.  Zero risks here.  A good first step.

Read as much as you can from oureducation section, and read as much as you can.

Try to understand what kind of trader you are.  It will help you understand how Forex trading is going to fit into your life.

I already mentioned that all brokers are not equal, and while true, there are easy ways to spot good brokers from the bad.

– Is your broker regulated byASIC (Australia),FCA (UK)orCySec (European Union)?  These are arguably the top regulators of non-banking financial services around the world, so trading at a broker that does not have one or more of these regulation opens you up to unnecessary risk.

– Does your broker make money from the spread?  Is the spread tight?  You are better off with a broker that has tighter spreads because it means you can profit more.

– Make sure you are comfortable with the minimum deposit being asked.  But dont be fooled by offers of low minimum deposits.  If you plan totake advantage of leverageand get tighter spreads, you will likely need to invest a minimum of $200 to get a good account.

– It is your money, and the broker must treat it as such.  If they charge you to withdraw or deposit, you should discuss this with your account manager or choose a different broker.

Each Forex trader has this own style and strategy.  It is common that people trade in different ways and on different time schedules.  Each of the methods of trading depends on different trading skillsets and time available, making each unique.

–  This is where traders make lots of trades over a brief period.  Trades are usually kept open for a matter of minutes in extremely volatile periods on the market.  These times would be when markets open or when major new economic reports are released.  This trader is heavily reliant on charts and tools to plan the entry and exit of trades.  So if you are good with this kind of analysis and have the time available to be in front of your computer during trading times, this could be for you.

– For this trader, each day starts new.  Every morning the trading starts and investments are made, and then before everyone goes home, all of the positions are closed.  This trading relies heavily on understanding the planned news events for the day and the ability of the trader to find opportunities in the new developments that happen without notice.  If you are well-read and understand Geo-politics, then you could be a day trader.  Just be ready to get a little involved in charts for analysis.

– If you have a little less time for being in front of a computer, but you are still very engaged with news events, analysis and the significant trends you could be a swing trader.  These traders can hold trades open for days at a time, and if you are a trader on the go, this could be better suited for you.  It does not rely on charts as day trading and scalping do.

– For those who want to play the long game, there is position trading.  This trading styles does rely on any technical analysis and instead takes advantage of the long-term currency trends.  Position traders can hold trades open for months.

Mѕt mjr dvld currencies trnd grow nd shrink tgthr, rtl due to trd links and interdependency between thm. The AUD, іn ntrѕt, njѕ ѕm іndndn frm thr mjr urrnіѕ – its hlth іѕ more closely lіnkd t commodity rіѕ because the mining and agriculture industries generate a significant portion of the national GDP.

Hіghr mmdіt prices ftn rt іnfltіnr rѕѕurѕ іn dvld untrіѕ, rѕultіng іn th Australian nm looking hlthіr fr frx trdrѕ when rѕur rіѕ rіѕ concerns but th sustainability of grwth in Europe, North America nd Jn. This lѕ mkѕ th AUD a ulr ltrntіv for traders wntіng t g lng on mmdіt xѕur nd/r Asian rѕur demand. For more onhow to trade the AUD/USD currency pair, continue reading here.

In 2018 there is an escalating trade war between the USA and some other countries that the administration feels have had unfair trading practices under previous administrations.  While Australia currently has a temporary exception to this standard, this exception is set to expire, and it could haveimplications on the value of the AUD and the Australian economy as a whole (analysis).

Ardіng t th Intrntіnl Monetary Fund, Auѕtrlі rnkd nineteenth globally regarding GDP in 2016, twentieth for th vlu of its xrtѕ, nd fіftіth for th ѕіz f іtѕ ultіn.  Yt, despite nl hvіng 0.33% of the wrldѕ ultіn, th Auѕtrlіn dllr (AUD) іѕ n of the fіv mѕt frequently traded currencies іn th forex market.

and trade with them – we have maintained accounts with these brokers for years.

Record the regulation and reputation of the brokers. We give additional credit to

all research – we created a single overall list, and all research documents are on tabs in this document.

How tocalculate leverage & Margin Requirements

China is the largest foreign holder of US debt. According to the latest statistics, China owns $1.119 trillions worth of US treasuries. What traders need to understand is that China holds a massive US currency reserve which means that whatever China decides to do with its treasury bond holdings will impact the greenback.

The Australian economy, which has not seen a recession in the past 26 years and has survived every major financial crisis in modern history, is set for steady growth if the Australian government can successfully pull off a trade deal with the UK.

The RBA interest rate decision to hold rates on hold was perceived as extremely bearish by the AUD/USD exchange rate, which broke towards new lows for 2018.

For us to keep the lights on and our staff paid, we have needed to find a way to make an income from this website.  In the case that you click on any links to visit a broker, we may receive a commission from the partner through something called an affiliate program.

The size of the commission in no way affects the editorial process, and our reviews can in no way be bought.  We pride ourselves on our transparency and the quality of our comparisons.  We appreciate your support by using our links to sign up with brokers we partner with.

FX Australia, as part of our parent company Schlossbrink AB, is a full member of:

Global Legal Entity Identifier Foundation (GLEIF)

Membership : 254900LUG07G07A31U72 – as we have shared values of efficiency, transparency, and trust associated with legal entity identification (LEI) in the handling of investments. As Finance Professionals, the LEI is the highest standard

Trading leveraged products such as Forex and CFDs may not be suitable for all investors as they carry a high degree of risk to your capital.

It is really important that you do not trade any money that you cant afford to lose because regardless of how much research you have done, or how confident you are in your trade, there will always be a time that you lose.

©COPYRIGHT FX AUSTRALIA / AUSTRALIAS LEADING FOREX BROKER COMPARISON SITE.

Trading Forex and CFDs is not suitable for all investors and comes with a high risk of losing money rapidly due to leverage. 75-90% of retail investors lose money trading these products. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.