Welcome to forex trading explained simply. We publish independent reviews, plain‑English guides, and practical checklists to help you pick a broker, cut costs, and manage risk. No fluff, no hype — just facts and examples you can use today.
We test platforms, calculate real trading costs where applicable, and check funding/withdrawals. Availability and legality vary by country — always verify locally.
Pros: intuitive interface, rich charts, fast onboarding. Cons: complex high‑risk products; availability varies by region.
Pros: clean design, quick order placement. Cons: newer brand with limited public track record; high‑risk instruments.
Pros: quick sign‑up, social features. Cons: offshore setup; availability and protections vary by jurisdiction.
A quick comparison you can scan. Always verify local availability and regulation before opening an account.
| Broker | Regulation | Min. Deposit | Spreads From | Platforms |
|---|---|---|---|---|
| IQ Broker (IQ Option) | Jurisdiction varies; check local rules | Varies | N/A (digital options/derivatives) | Web, Mobile |
| Exnova | Jurisdiction varies; check local rules | Varies | N/A (digital options/derivatives) | Web, Mobile |
| PocketOption | Offshore; availability by country | Varies | N/A (digital options/derivatives) | Web, Mobile |
Note: The table is illustrative. Swap rates, commissions, and spreads vary by account type and market conditions.
Understand currency pairs, pips, lots, margin, and leverage. Read a primer on order types (market, limit, stop) and how spreads/commissions affect total cost.
Check licenses, segregated client funds, and negative balance protection. Compare total costs, platforms, and deposit/withdrawal methods.
Choose a time frame, define entries/exits, set risk per trade (e.g., 0.5–1% of equity), and journal every trade to learn from data.
Use a demo account to test your plan. Track performance over at least 30–50 trades before considering live capital.
Use stop‑loss orders, avoid over‑leverage, and never chase losses. Position sizing is the cornerstone of long‑term survival in forex trading.
Review your journal weekly, measure edge (win rate × reward/risk), and refine rules. Markets change — your process should too.
We prioritize well‑regulated brokers, segregated client money, clear disclosures, and robust risk warnings.
We calculate total cost (spreads + commissions + swaps), test slippage around news, and evaluate order fill quality.
We check stability, charting, algo support, order types, mobile UX, and third‑party integrations.
Quality explainers, webinars, and market analysis help traders grow — we score that, too.
We verify fees, processing times, and transparency for deposits and payouts.
We test response times and clarity in T&Cs. Hidden fees are a red flag.
It’s the buying and selling of currencies in pairs (like EUR/USD) aiming to profit from price changes. The forex market is decentralized and operates 24/5.
Yes, with the right expectations. Start small, focus on risk management, and practice on demo before using real money.
Some brokers allow $0–$100 to open, but adequate risk control usually requires more buffer. Never commit funds you cannot afford to lose.
Leverage amplifies both profits and losses. Lower leverage and smaller position sizes reduce the chance of large drawdowns.
Our mission is to make forex trading understandable and safer. We write for real people, not for algorithms — using clear language, practical examples, and transparent scoring criteria. We don’t sell unrealistic dreams. We show the work, the costs, and the risks so you can make informed decisions.
Risk Warning: Trading forex and CFDs involves significant risk and may not be suitable for all investors. You can lose more than your initial investment. Consider your objectives and seek independent advice where necessary.