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Forex Market Basics in Australia

Forex Market Basics

  • How the forex market works and the participants in the forex market
  • Advantages of forex trading over day trading stocks and futures like:
      • 24-hour trading
      • High leverage
      • Low minimums
      • Superior liquidity
      • No artificial price controls, etc.
  • Reading forex quotes
  • The similarities and differences in currency quoting conventions versus the stock and futures markets.
  • Terminology and other basic concepts used in the forex market

The Best Forex trading Apps

Forex BrokersMin DepositPlatformsMax Leverage Rating Secure Link
1 HYCM Broker
Risk InformationYour capital is at risk
AUD 300
MT4, MT5
Mobile Trading
500:14.6/5 Visit Site
Regulation: IFSC
2 BlackBull Markets Australia
Risk InformationYour capital is at risk
AUD 200
MT4, MT5
VPS, API
500:15/5 Visit Site
Regulation: FSPR, FMA, FSA
3 easyMarkets Australia
Risk InformationYour capital is at risk
AUD 200
Web platform, MT4
Mobile app
400:1 4.9/5 Visit Site
Regulation: CySEC, ASIC, FSA-Seychelles
4 fpmarkets Australia
Risk InformationYour capital is at risk
AUD 100
MT4, MT5
IRESS
500:14.7/5 Visit Site
Regulation: CySEC, ASIC

As mentioned before, if a trader already understands how the forex market works, then this section can be skipped in its entirety during the forex training session. It is just included here for those traders that do need it.

Forex Market Basics in Australia

This knowledge can also be obtained from our free education section via self study. If the trader wants to read about this on his own and study the information.

Click on the link below or the link on the upper right hand corner of the page to return to the forex training section and  financika