Muslim Forex Brokers

A list of Forex brokers which are friendly to Muslim Forex traders, allowing them to open the accounts without overnight interest (no Riba accounts). Such brokers can be very useful for traders from Iran, Saudi Arabia and other countries of Middle East.

Sort by: Order | Minimum Account | Traders' Rating | NameForex Broker Name Min. Account Size MT4 WebMoney CFD Browser-based
Platform Registered
with any Regulator Easy On-line
Account Opening Rating
FXOpen $1 + + - - + + 8.3
FxCompany $100 + + + - + + 6.3
Forex4you $1 + + + - - + 6.4
eToro $50 - + - + + + 7.1
E-Global $20 + - + - + + 8.2
Forex Place $100 + - + - - + 7.4
InstaForex $1 + + + - + + 4.6
Xforex $100 - - - + - + 7.6
FXcast $10 + + - - - + 5.0
MasterForex $1 + + + - - + 5.7
InvestTechFX $100 + - + - + + 7.9
Marketiva $1 - + - - + + 8.6
EFOREX $25 + - - - - + 6.3
Boston Merchant Financial $100 + + + - + + 6.2
IS Markets $250 + - + - + + 4.5
Forex.com $250 + - - + + - 8.1
X-Trade Brokers $2,000 + - + - + - 7.5
Tadawul FX $500 + - - - + + 5.5
Forex.CH $2,000 + - - - + - 3.0
IKON GM – Royal Division $2,500 + - - - + - 7.9
Forex Broker Name Min. Account Size MT4 WebMoney CFD Browser-based
Platform Registered
with any Regulator Easy On-line
Account Opening Rating
MGFOREX $500 - - - + + + 8.3
MFN $500 - - + - - + 3.6
GCI Financial $2,000 + + + + + + 5.7
Forex-Metal $1 + + + - + + 3.5
One Financial $250 + - + + + - 6.2
Exto Capital $1,000 - + + + + + 6.6
NordMarkets $1,000 + - - - + - 6.1
ForexGen $250 + - - - - + 5.0
FXTSwiss $2,000 + - - - - + 2.9
Apex FX Trading $2,000 + - - - - + 2.8
ForexYard $100 - - - + - + 3.5
Arab Financial Brokers $2,000 + - - - + + 8.0
FX|Clearing $10 + - - - + + 7.6
EMPFX $300 - - + - - + 3.8
FXCH $2,000 + + + - - + 7.3
FX-PRO $1,000 + - - - - + 7.8
Wall Street Brokers $10 + - + - - + 4.1
FXM Financial Group $10 + + - - + + 3.6
StartForex $100 + - - + - + 5.4
Alma Forex $1 + + - - + + 4.9
Forex Broker Name Min. Account Size MT4 WebMoney CFD Browser-based
Platform Registered
with any Regulator Easy On-line
Account Opening Rating
SwissDealing $0 - - - - - + 3.0
RFXT $1,000 + - - - + + 3.8
FX Trading $500 + - - - - + 4.3
Azurite Markets $100 - - + + + - 5.0
1pipfix $100 + + + - - + 3.8
Basel Financial $50 + + - - + + 8.8
Forex Systems $250 + - + - + + 5.0
FXG Bank $100 + - - + - - 7.5
Global Futures $250 + - + - + + 7.0

Gold Trading Forex Brokers

This category features a list of those Forex brokers that offer not only currency trading services but also an opportunity of the gold trading, allowing the traders to monetize their gold and other precious metals (silver, platinum) forecasts. Although the spread for gold trading is usually high and leverage — low; it's good to be able to trade it when you have an appropriate trade idea.

Sort by: Order | Minimum Account | Traders' Rating | NameForex Broker Name Min. Account Size MT4 WebMoney CFD Browser-based
Platform Registered
with any Regulator Easy On-line
Account Opening Rating
FXOpen $1 + + - - + + 8.3
FxCompany $100 + + + - + + 6.3
Forex4you $1 + + + - - + 6.4
Aurora Global Markets $1,500 - - + + + - 4.8
E-Global $20 + - + - + + 8.2
Forex Place $100 + - + - - + 7.4
InstaForex $1 + + + - + + 4.6
Ava FX $100 - + + - - + 6.5
Xforex $100 - - - + - + 7.6
MasterForex $1 + + + - - + 5.7
InvestTechFX $100 + - + - + + 7.9
EXNESS $100 + + + - + + 8.1
Marketiva $1 - + - - + + 8.6
Plus500 $50 - - + - - + 7.7
Easy-Forex $200 - - - + + + 3.2
10Pips $100 - + + - - + 6.5
Boston Merchant Financial $100 + + + - + + 6.2
LiteForex $1 + + + - - + 7.1
Alpari $200 + - - - + + 7.0
Forex.com $250 + - - + + - 8.1
Forex Broker Name Min. Account Size MT4 WebMoney CFD Browser-based
Platform Registered
with any Regulator Easy On-line
Account Opening Rating
Interactive Brokers $5,000 - - + + + + 8.5
OANDA $1 - - - + + + 7.3
Saxo Bank $2,000 - - + - + - 6.0
X-Trade Brokers $2,000 + - + - + - 7.5
MB Trading $400 + - - - + - 7.9
Tadawul FX $500 + - - - + + 5.5
Forex.CH $2,000 + - - - + - 3.0
Finotec $200 - - + - + + 7.4
Hotspot FX $7,500 + - - - + - 6.1
ECN broker $200 - - - - + + 7.2
RCG fxtrader $5,000 - - - - + - 5.7
Questrade FX $250 - - - + + - 7.5
ODL Securities $2,000 + - + - + + 8.2
MF Global $10,000 - - + - + - 7.6
IG Markets $200 - - + + + + 8.3
CMC Markets $2,000 - - + - + - 8.0
IFC Markets $1 - + - - + + 6.8
Neuimex $400 + + + - + + 2.6
MFN $500 - - + - - + 3.6
iFOREX $100 - - - + - + 6.3
Forex Broker Name Min. Account Size MT4 WebMoney CFD Browser-based
Platform Registered
with any Regulator Easy On-line
Account Opening Rating
FIBOGroup $300 + - + - - + 7.3
ActivTrades €250 + - + + + + 8.3
ABN AMRO marketindex £1 - - + + + + 7.7
GCI Financial $2,000 + + + + + + 5.7
Forex Trading Edge $1,000 + - - + + + 3.1
FxPro $100 + - + - + + 6.2
GFS Forex & Futures $500 - - - - + + 7.0
DeltaStock $100 + - + + + - 8.0
Forex-Metal $1 + + + - + + 3.5
TradeView Forex $2,500 + - - - + - 3.1
One Financial $250 + - + + + - 6.2
Exto Capital $1,000 - + + + + + 6.6
NobleTrading $250 - - - + + + 8.5
ForexGen $250 + - - - - + 5.0
Latitude FX $1,000 + - - + + + 4.2
FXTSwiss $2,000 + - - - - + 2.9
GOMarkets $1 + - + - + + 7.4
ATC Brokers $3,500 + - - - + - 6.9
Windsor Brokers $100 + - + - + - 7.8
ForexYard $100 - - - + - + 3.5
Forex Broker Name Min. Account Size MT4 WebMoney CFD Browser-based
Platform Registered
with any Regulator Easy On-line
Account Opening Rating
HY Markets $50 - - - + + + 5.8
Prime4x $100 + - + - - + 5.8
Arab Financial Brokers $2,000 + - - - + + 8.0
WH SelfInvest €2,500 - - + + + - 8.4
Sucden £5,000 - - + - + - 5.2
Admiral Markets $10 + + + - - + 8.2
EMPFX $300 - - + - - + 3.8
Bulbrokers $50 + - + - + - 5.1
HMS Markets €10,000 - - + - + - 4.8
BroCo $100 + + + - + - 5.2
FX-PRO $1,000 + - - - - + 7.8
ATG $25,000 - - - - + - 8.1
AL Trade $200 + + + - - + 3.1
TeleTRADE $2,000 + - + - - + 6.1
WSD $1,000 + - + - + - 3.0
NTWO $2,000 + - + - - + 3.5
FXM Financial Group $10 + + - - + + 3.6
StartForex $100 + - - + - + 5.4
Alma Forex $1 + + - - + + 4.9
UFXBank $500 - + - + - + 6.7
Forex Broker Name Min. Account Size MT4 WebMoney CFD Browser-based
Platform Registered
with any Regulator Easy On-line
Account Opening Rating
MoneyRain $100 + + + - + + 7.5
FXGreece $2,000 - - - + - - 1.5
RFXT $1,000 + - - - + + 3.8
FX Trading $500 + - - - - + 4.3
United World Capital $25 + - + - + + 8.2
Azurite Markets $100 - - + + + - 5.0
1pipfix $100 + + + - - + 3.8
Basel Financial $50 + + - - + + 8.8
Forex Systems $250 + - + - + + 5.0
FXG Bank $100 + - - + - - 7.5
Global Futures $250 + - + - + + 7.0

Oil Trading Forex Brokers

An assorted list of Forex brokers that provide all traders with the opportunity to trade oil and sometimes other types of commodities. Oil price is strongly connected to the currency rates, that's why the oil market often brings a good chance to the Forex traders to increase their usual profit.

Sort by: Order | Minimum Account | Traders' Rating | NameForex Broker Name Min. Account Size MT4 WebMoney CFD Browser-based
Platform Registered
with any Regulator Easy On-line
Account Opening Rating
FXOpen $1 + + - - + + 8.3
FxCompany $100 + + + - + + 6.3
Forex4you $1 + + + - - + 6.4
Aurora Global Markets $1,500 - - + + + - 4.8
E-Global $20 + - + - + + 8.2
Forex Place $100 + - + - - + 7.4
Ava FX $100 - + + - - + 6.5
InvestTechFX $100 + - + - + + 7.9
EXNESS $100 + + + - + + 8.1
Plus500 $50 - - + - - + 7.7
Easy-Forex $200 - - - + + + 3.2
10Pips $100 - + + - - + 6.5
Boston Merchant Financial $100 + + + - + + 6.2
Interactive Brokers $5,000 - - + + + + 8.5
Saxo Bank $2,000 - - + - + - 6.0
X-Trade Brokers $2,000 + - + - + - 7.5
MB Trading $400 + - - - + - 7.9
Finotec $200 - - + - + + 7.4
ECN broker $200 - - - - + + 7.2
ODL Securities $2,000 + - + - + + 8.2
Forex Broker Name Min. Account Size MT4 WebMoney CFD Browser-based
Platform Registered
with any Regulator Easy On-line
Account Opening Rating
MF Global $10,000 - - + - + - 7.6
IG Markets $200 - - + + + + 8.3
CMC Markets $2,000 - - + - + - 8.0
Neuimex $400 + + + - + + 2.6
MFN $500 - - + - - + 3.6
FIBOGroup $300 + - + - - + 7.3
ActivTrades €250 + - + + + + 8.3
ABN AMRO marketindex £1 - - + + + + 7.7
GCI Financial $2,000 + + + + + + 5.7
FxPro $100 + - + - + + 6.2
DeltaStock $100 + - + + + - 8.0
Forex-Metal $1 + + + - + + 3.5
One Financial $250 + - + + + - 6.2
Exto Capital $1,000 - + + + + + 6.6
NobleTrading $250 - - - + + + 8.5
GOMarkets $1 + - + - + + 7.4
ATC Brokers $3,500 + - - - + - 6.9
Windsor Brokers $100 + - + - + - 7.8
ForexYard $100 - - - + - + 3.5
HY Markets $50 - - - + + + 5.8
Forex Broker Name Min. Account Size MT4 WebMoney CFD Browser-based
Platform Registered
with any Regulator Easy On-line
Account Opening Rating
Prime4x $100 + - + - - + 5.8
Arab Financial Brokers $2,000 + - - - + + 8.0
WH SelfInvest €2,500 - - + + + - 8.4
Sucden £5,000 - - + - + - 5.2
EMPFX $300 - - + - - + 3.8
Bulbrokers $50 + - + - + - 5.1
HMS Markets €10,000 - - + - + - 4.8
BroCo $100 + + + - + - 5.2
FX-PRO $1,000 + - - - - + 7.8
ATG $25,000 - - - - + - 8.1
WSD $1,000 + - + - + - 3.0
MoneyRain $100 + + + - + + 7.5
Azurite Markets $100 - - + + + - 5.0
1pipfix $100 + + + - - + 3.8
Basel Financial $50 + + - - + + 8.8
Global Futures $250 + - + - + + 7.0

WebMoney Forex Brokers

A list of Forex brokers that offer WebMoney electronic payment system as the method to deposit/withdraw funds to/from trading account. WebMoney Forex brokers allow their customers to use this secure, fast and low commission e-currency system to make customers' Forex experience less burdened with secondary matters.

Sort by: Order | Minimum Account | Traders' Rating | NameForex Broker Name Min. Account Size MT4 WebMoney CFD Browser-based
Platform Registered
with any Regulator Easy On-line
Account Opening Rating
FXOpen $1 + + - - + + 8.3
FxCompany $100 + + + - + + 6.3
Forex4you $1 + + + - - + 6.4
eToro $50 - + - + + + 7.1
InstaForex $1 + + + - + + 4.6
Ava FX $100 - + + - - + 6.5
FXcast $10 + + - - - + 5.0
MasterForex $1 + + + - - + 5.7
EXNESS $100 + + + - + + 8.1
Marketiva $1 - + - - + + 8.6
10Pips $100 - + + - - + 6.5
Boston Merchant Financial $100 + + + - + + 6.2
LiteForex $1 + + + - - + 7.1
High Street Networking $100 - + - + - - 3.1
Real Trade $20 + + + - - + 5.4
IFC Markets $1 - + - - + + 6.8
Neuimex $400 + + + - + + 2.6
FXDD $500 + + - - - + 7.0
GCI Financial $2,000 + + + + + + 5.7
Forex-Metal $1 + + + - + + 3.5
Forex Broker Name Min. Account Size MT4 WebMoney CFD Browser-based
Platform Registered
with any Regulator Easy On-line
Account Opening Rating
Exto Capital $1,000 - + + + + + 6.6
FXD24 $250 + + - - - + 7.9
FOREX UKRAINE $100 + + + - - + 5.9
Admiral Markets $10 + + + - - + 8.2
FXCH $2,000 + + + - - + 7.3
BroCo $100 + + + - + - 5.2
AL Trade $200 + + + - - + 3.1
FXM Financial Group $10 + + - - + + 3.6
Alma Forex $1 + + - - + + 4.9
UFXBank $500 - + - + - + 6.7
MoneyRain $100 + + + - + + 7.5
1pipfix $100 + + + - - + 3.8
Basel Financial $50 + + - - + + 8.8

PayPal Forex Brokers

A list of Forex brokers which support PayPal payment system as an option for funds deposit/withdrawal. PayPal is a convenient on-line payment system which is widely accepted in U.S., Canada and United Kingdom. Forex brokers that accept PayPal deposits often are good-standing companies which you can trust.

Sort by: Order | Minimum Account | Traders' Rating | NameForex Broker Name Min. Account Size MT4 WebMoney CFD Browser-based
Platform Registered
with any Regulator Easy On-line
Account Opening Rating
eToro $50 - + - + + + 7.1
Ava FX $100 - + + - - + 6.5
MasterForex $1 + + + - - + 5.7
InvestTechFX $100 + - + - + + 7.9
Plus500 $50 - - + - - + 7.7
Easy-Forex $200 - - - + + + 3.2
FastBrokers $500 + - - - + + 6.7
Forex Capital Trading $100 - - - + + + 3.5
CMS Forex $200 - - - - + + 6.2
FX Solutions $250 + - - - + - 5.8
GFT Forex $250 - - - - + + 7.8
OANDA $1 - - - + + + 7.3
Tadawul FX $500 + - - - + + 5.5
Finotec $200 - - + - + + 7.4
MGFOREX $500 - - - + + + 8.3
FXDD $500 + + - - - + 7.0
GCI Financial $2,000 + + + + + + 5.7
FxPro $100 + - + - + + 6.2
GFS Forex & Futures $500 - - - - + + 7.0
TradeView Forex $2,500 + - - - + - 3.1
Forex Broker Name Min. Account Size MT4 WebMoney CFD Browser-based
Platform Registered
with any Regulator Easy On-line
Account Opening Rating
Exto Capital $1,000 - + + + + + 6.6
GOMarkets $1 + - + - + + 7.4
Finexo $100 - - - + + + 6.8
Forex WebTrader $25 - - - + - + 5.3
HY Markets $50 - - - + + + 5.8
FX|Clearing $10 + - - - + + 7.6
FXM Financial Group $10 + + - - + + 3.6
UFXBank $500 - + - + - + 6.7
SwissDealing $0 - - - - - + 3.0
FX Trading $500 + - - - - + 4.3
United World Capital $25 + - + - + + 8.2
1pipfix $100 + + + - - + 3.8
Basel Financial $50 + + - - + + 8.8
Forex Systems $250 + - + - + + 5.0
Global Futures $250 + - + - + + 7.0

MetaTrader Forex Brokers

A list of Forex brokers which support MetaTrader 4 Forex trading software as a primary Forex trading platform. MetaTrader 4 allows Forex traders a very flexible trading environment including Forex trading automation with MT4 expert advisors.

Sort by: Order | Minimum Account | Traders' Rating | NameForex Broker Name Min. Account Size MT4 WebMoney CFD Browser-based
Platform Registered
with any Regulator Easy On-line
Account Opening Rating
FXOpen $1 + + - - + + 8.3
FxCompany $100 + + + - + + 6.3
Forex4you $1 + + + - - + 6.4
E-Global $20 + - + - + + 8.2
Forex Place $100 + - + - - + 7.4
InstaForex $1 + + + - + + 4.6
FXcast $10 + + - - - + 5.0
MasterForex $1 + + + - - + 5.7
InvestTechFX $100 + - + - + + 7.9
EXNESS $100 + + + - + + 8.1
EFOREX $25 + - - - - + 6.3
Boston Merchant Financial $100 + + + - + + 6.2
FastBrokers $500 + - - - + + 6.7
LiteForex $1 + + + - - + 7.1
IS Markets $250 + - + - + + 4.5
ACM $2,000 + - - + + - 6.1
Alpari $200 + - - - + + 7.0
Forex.com $250 + - - + + - 8.1
FX Solutions $250 + - - - + - 5.8
FXCM $2,000 + - - + + + 5.6
Forex Broker Name Min. Account Size MT4 WebMoney CFD Browser-based
Platform Registered
with any Regulator Easy On-line
Account Opening Rating
Interbank FX $250 + - - - + - 8.1
X-Trade Brokers $2,000 + - + - + - 7.5
MB Trading $400 + - - - + - 7.9
Tadawul FX $500 + - - - + + 5.5
Forex.CH $2,000 + - - - + - 3.0
Hotspot FX $7,500 + - - - + - 6.1
Real Trade $20 + + + - - + 5.4
MIG Investments $5,000 + - - - + - 5.3
IKON GM – Royal Division $2,500 + - - - + - 7.9
ODL Securities $2,000 + - + - + + 8.2
Neuimex $400 + + + - + + 2.6
Invest2Forex $1000 + - - - + - 7.6
FIBOGroup $300 + - + - - + 7.3
FXDD $500 + + - - - + 7.0
ActivTrades €250 + - + + + + 8.3
GCI Financial $2,000 + + + + + + 5.7
Forex Trading Edge $1,000 + - - + + + 3.1
VarengoldBankFX $1,000 + - + - + - 7.4
FxPro $100 + - + - + + 6.2
DeltaStock $100 + - + + + - 8.0
Forex Broker Name Min. Account Size MT4 WebMoney CFD Browser-based
Platform Registered
with any Regulator Easy On-line
Account Opening Rating
Forex-Metal $1 + + + - + + 3.5
TradeView Forex $2,500 + - - - + - 3.1
One Financial $250 + - + + + - 6.2
NordMarkets $1,000 + - - - + - 6.1
FXD24 $250 + + - - - + 7.9
Ingot Brokers $100 + - - - + - 6.0
ForexGen $250 + - - - - + 5.0
Latitude FX $1,000 + - - + + + 4.2
FXTSwiss $2,000 + - - - - + 2.9
Apex FX Trading $2,000 + - - - - + 2.8
GOMarkets $1 + - + - + + 7.4
ATC Brokers $3,500 + - - - + - 6.9
Windsor Brokers $100 + - + - + - 7.8
Prime4x $100 + - + - - + 5.8
Arab Financial Brokers $2,000 + - - - + + 8.0
FOREX UKRAINE $100 + + + - - + 5.9
FX|Clearing $10 + - - - + + 7.6
Admiral Markets $10 + + + - - + 8.2
Bulbrokers $50 + - + - + - 5.1
FXCH $2,000 + + + - - + 7.3
Forex Broker Name Min. Account Size MT4 WebMoney CFD Browser-based
Platform Registered
with any Regulator Easy On-line
Account Opening Rating
BroCo $100 + + + - + - 5.2
FX-PRO $1,000 + - - - - + 7.8
AL Trade $200 + + + - - + 3.1
TeleTRADE $2,000 + - + - - + 6.1
WSD $1,000 + - + - + - 3.0
NTWO $2,000 + - + - - + 3.5
Gallant FX $500 + - - - + + 6.9
Wall Street Brokers $10 + - + - - + 4.1
FXM Financial Group $10 + + - - + + 3.6
StartForex $100 + - - + - + 5.4
Alma Forex $1 + + - - + + 4.9
MoneyRain $100 + + + - + + 7.5
RFXT $1,000 + - - - + + 3.8
FX Trading $500 + - - - - + 4.3
United World Capital $25 + - + - + + 8.2
1pipfix $100 + + + - - + 3.8
Basel Financial $50 + + - - + + 8.8
Forex Systems $250 + - + - + + 5.0
IamFX $500 + - - - - + 8.0
OneCorpFX $1,000 + - - - - + 5.0
Forex Broker Name Min. Account Size MT4 WebMoney CFD Browser-based
Platform Registered
with any Regulator Easy On-line
Account Opening Rating
FXG Bank $100 + - - + - - 7.5
Global Futures $250 + - + - + + 7.0
BTrader $25 + - - + - + 8.0

Forex Trading - How Does Forex Trading Work?

Books about Advanced Forex Trading

Here you will find the Forex e-books that contain more advanced information than the average popular book about financial trading. In some cases, understanding these books is impossible without a lot of experience in Forex and sometimes the extended knowledge of mathematics.

Almost all Forex e-books are in .pdf format. You'll need Adobe Acrobat Reader to open these e-books. Some of the e-books (those that are in parts) are zipped.

If you are the copyright owner of any of these e-books and don't want me to share them, please, contact me and I will gladly remove them.

A New Interpretation of Information Rate — by J. L. Kelly Jr.

CCI Manual — by James L. O'Connell.

Nicktrader and Jeff Explaining Reverse and Regular Divers — from Woodies CCI Club Discussion From January 15,16 2004.

NickTrader on No Price CCI Divergence Trading — by Nicktrader.

Are Supply and Demand Driving Stock Prices? — by Carl Hopman.

The Sharpe Ratio — by William F. Sharpe.

The Interaction Between the Frequency of Market Quotes, Spread and Volatility in Forex — by Antonis A. Demos and Charles A. E. Goodhart, a scientific article from the Applied Economics.

Trend Determination — by John Hayden, a quick, accurate and effective methodology for trend determination on the financial markets.

Trend vs. No Trend — by Brian Dolan an article from TRADERS' Magazine July 2005 issue, which deals with the trend/no trend paradox encountered by many traders who think that "the trend is your friend".

A Six-Part Study Guide to Market Profile — by CBOT professionals — it describes the concept of the market profile in the smallest details.

How George Soros Knows What He Knows — by Flavia Cymbalista — the study of George Soros' market reflexivity.

Core Point and Figure Chart Patterns — by BlueChipOptions.com — a set of point-and-figure chart patterns and explanations of their application

Forex Strategy Books

Forex strategy e-books that are listed here provide information on the specific trading strategies as well as the use of particular Forex trading instruments. Basic knowledge of Forex trading is required to correctly understand and use these strategies.

Almost all Forex e-books are in .pdf format. You'll need Adobe Acrobat Reader to open these e-books. Some of the e-books (those that are in parts) are zipped.

If you are the copyright owner of any of these e-books and don't want me to share them, please, contact me and I will gladly remove them.

1-2-3 System — A simple pattern trading system by Mark Crisp.

Bollinger Bandit Trading Strategy — A trading system based on Bollinger bands indicator by unknown author.

Value Area — from The Likos Letter.

The Dynamic Breakout II Strategy — by unknown author.

Ghost Trader Trading Strategy — by unknown author.

King Keltner Trading Strategy — by unknown author.

Scalp Trading Methods — by Kevin Ho.

LSS - An Introduction to the 3-Day Cycle Method — by George Angell.

Market Turns And Continuation Moves With The Tick Index — by Tim Ord.

The Money Manager Trading Strategy — by unknown author.

Picking Tops And Bottoms With The Tick Index — by Tim Ord.

The Super Combo Day Trading Strategy — by unknown author.

The Eleven Elliott Wave Patterns — by unknown author.

The Thermostat Trading Strategy — by unknown author.

Intraday trading with the TICK — by Christopher Terry.

Traders Trick Entry — by Traders Educators of Traders University.

Fibonacci Trader Journal — a journal covering different trading techniques based on Fibonacci indicators, by Robert Krausz. 12 issues.

Rapid Forex — a set of aggressive Forex trading strategies (Rapid Forex) by Robert Borowski and Stephen A. Pierce.

Microtrading the 1 Minute Chart — a small e-book aimed on Forex newbies to teach them the basics of M1 scalping.

BunnyGirl Forex Trading Strategy Rules and FAQ — set of rules for a BunnyGirl trading strategy based on WMA crossing.

The Daily Fozzy Method — by Michael Dunbar.

Forex Trader's Cheat Sheet — real Forex cheat sheet for position entry times/conditions by Quantum Research Management Group.

Offset Trading — a basic Forex news trading range breakout system by Dana Martin.

How to Trade Both Trend and Range Markets by Single Strategy? — by S.A. Ghafari.

A Practical Guide to Technical Indicators; Moving Averages — by S.A. Ghafari.

FX Wizard — essential Forex trading rules by Rob Walton.

FX Destroyer — a description of a rather simple Forex trading strategy, invloving moving averages, parabolic SAR and ADX indicators, by Izu Franks.

A Practical Guide to Swing Trading — a simple and practical guide to the swing trading strategy, by Larry Swing.

Practical Fibonacci Methods for Forex Trading — practical guide to Fibonacci levels with the real trade examples of the Forex strategy based on these levels, by Ken Marshall and Rob Moubray.

Using The Heikin-Ashi Technique — a short but detailed guide to trading using Heikin-Ashi charting technique, by Dan Valcu.

The Day Trade Forex System — an indicator-based strategy with detailed description, chart examples and minor advertising, by Erol Bortucene and Cynthia Macy.

5/13/62 — a revised and updated EMA-based Forex trading strategy explained in the 3-grade language, by Rob Booker.

Not So Squeezy Trading Manual — a description for the rather interesting trading strategy that utilizes indicators package under the same name, by Akuma99.

KobasFX Strategy — a simple MA+MACD Forex trading strategy by Obaseki O. A.

Money Management Forex Books

While Forex trading is tightly connected with analysing the charts and the fundamental indicators, knowing where to enter and where to exit a position is not enough. Professional traders manage their risks and devote a lot of their time to learning the techniques of the proper money management. Here you can find some of the best Forex e-books about money management in the financial trading.

Almost all Forex e-books are in .pdf format. You'll need Adobe Acrobat Reader to open these e-books. Some of the e-books (those that are in parts) are zipped.

If you are the copyright owner of any of these e-books and don't want me to share them, please, contact me and I will gladly remove them.

Risk Control and Money Management — by Gibbons Burke.

Money Management — A chapter from The Mathematics of Gambling.

Position-sizing Effects on Trader Performance: An experimental analysis — by Johan Ginyard.

Fine-Tuning Your Money Management System — by Bennett A. McDowel.

Trade Your Way to Financial Freedom — by Van K. Tharp.

Money Management: Controlling Risk and Capturing Profits — by Dave Landry, a short but educative guide to money management for the financial traders.

Money Management Strategies for Serious Traders — a book by David Stendahl that tries to explain the process by which the traders can develop, evaluate and improve the performance of their trading systems based on the money management strategies.

The Truth About Money Management — an article by Murray A. Ruggiero Jr. from Futures Magazine explains the basic principles rules and advantages of the risk control and money management.

Money Management and Risk Management — a book by Ryan Jones that goes the most important aspect of the financial trading.

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Forex Trading Psychology Books

Controlling one's emotions is vital for every Forex trader. Here you will find the free e-books about Forex trading psychology and emotion control in the financial trading. You will learn how to calm yourself and set the long-term goals in your trading. Recommended for all traders.

Almost all Forex e-books are in .pdf format. You'll need Adobe Acrobat Reader to open these e-books. Some of the e-books (those that are in parts) are zipped.

If you are the copyright owner of any of these e-books and don't want me to share them, please, contact me and I will gladly remove them.

A Course in Miracles — A Christian view on the probability by unknown author.

Thoughts on Trading — Some general thoughts about financial trading by Joe Ross.

Calming The Mind So That Body Can Perform — by Robert M. Nideffer, Ph.D.

Emotion Free Trading — "How to consistently act in your own best interest with your off-the-floor trading!" by Larry Levin.

Lifestyles of the Rich and Pipped — by Rob Booker & Kim Shaftner, M.D.

The Miracle of Discipline — by W.R. Booker & Co.

Zoom in on Personal Trading Behavior And Profit from It — by Linda Bradford Raschke.

The Woodchuck and the Possum — by Rob Booker.

25 Rules Of Forex Trading Discipline — by Douglas E. Zalesky.

Stop Losses Are For Sissies — by W. R. Brooker & Co. — a rather descriptive evidence of how important stop losses in Forex trading are.

Your Personality and Successful Trading — by Windsor Advisory Services — describes and discusses almost all psychological and emotional aspects of financial trading.

Trading as a Business — a book about develping a psychological attitutde toward the trading, creating a trading strategy and following it, while treating trading as a business, by unknown author.

Forex Market Books

The Forex books that are presented in this section cover the general aspects of Forex and financial trading. They provide the information that is interesting not only to the Forex beginners but also to the experienced Forex traders that want to learn something new or to maintain a proper structure of their knowledge of the Forex market.

Almost all Forex e-books are in .pdf format. You'll need Adobe Acrobat Reader to open these e-books. Some of the e-books (those that are in parts) are zipped.

If you are the copyright owner of any of these e-books and don't want me to share them, please, contact me and I will gladly remove them.

Screen Information, Trader Activity, and Bid-Ask Spreads in a Limit Order Market — An in-depth work on a Limit Order Market by Mark Coppejans and Ian Domowitz.

Strategic experimentation in a dealership market — by Massimo Massa and Andrei Simonov.

Limit Orders, Depth, and Volatility — by Hee-Joon Ahna, Kee-Hong Baeb and Kalok Chan.

Reminiscences of a Stock Operator — the best of the best book on financial trading by Edwin Lefevre.

Market Profile Basics — by Jayanthi Gopalakrishnan.

Quote Setting and Price Formation in an Order Driven Market — by Puneet Handa, Robert Schwartz and Ashish Tiwari.

Phantom of the Pits — General thoughts and opinions on trading and market by Arthur L. Simpson.

An Introduction to Market Profile and a User's Guide to Capital Flow Software — by J. Peter Steidlmayer and Ted Hearne.

The Effect of Tick Size on Volatility, Trader Behavior, and Market Quality — by Tavy Ronen and Daniel G. Weaver.

Trading as a Business — by Charlie Wright.

What Moves the Currency Market? — by Kathy Lien - Find out which economic factors help shape the short-term and long-term forex landscape.

Macroeconomic Implications of the Beliefs and Behavior of Foreign Exchange Traders — by Yin-Wong Cheung and Menzie D. Chinn.

All About the Foreign Exchange Market in the United States — by Sam Y. Cross — a general review of the Forex market made by the Federal Reserve Bank of New York in 1998.

Forex Books for Beginners

Here you will find the Forex e-books that provide the basic information on Forex trading. You can learn basic concepts of the Forex market, the technical and fundamental analysis. While all these e-books are recommended for every new Forex trader, they won't be very useful to the very experienced traders.

Almost all Forex e-books are in .pdf format. You'll need Adobe Acrobat Reader to open these e-books. Some of the e-books (those that are in parts) are zipped.

If you are the copyright owner of any of these e-books and don't want me to share them, please, contact me and I will gladly remove them.

Candlesticks For Support And Resistance — The basics of trading with candlesticks charts by John H. Forman.

Online Trading Courses — Course #1 lesson #1 by Jake Bernstein.

Commodity Futures Trading for Beginners — by Bruce Babcock.

Hidden Divergence — by Barbara Star, Ph.D.

Peaks and Troughs — by Martin J. Pring.

Reverse Divergences And Momentum — by Martin J. Pring.

Strategy:10 — Low-risk, high-return forex trading by W. R. Booker & Co.

The NYSE Tick Index And Candlesticks — by Tim Ord.

Trend Determination — A quick, accurate and effective methodology by John Hayden.

The Original Turtle Trading Rules — by OrignalTurtles.org.

Introduction to Forex — by 1st Forex Trading Academy. This trading course intends to provide to all of the students analytical tools on the trading system and methodologies. In this respect, the purpose of the course is to provide an overview of the many strategies that are being used in Forex market and to discuss the steps and tools that are needed in order to use these strategies successfully.

The Six Forces of Forex — by Scott Owens. A small e-book covering the basic and the main problems of Forex trading.

Study Book for Successful Foreign Exchange Dealing — by Royal Forex.

Forex. On-Line Manual for Successful Trading — an introduction into every aspect of the Forex trading including detailed descriptions of the technical and fundamental analysis techniques, by unknown author.

18 Trading Champions Share Their Keys to Top Trading Profits — as the name suggests, the book shares the secrets of the 18 prominent traders with the Forex beginners, by FWN.

The Way to Trade Forex — a 1st chapter of the book that will show you not only Forex basics but also some unusual techniques and strategies that can work for the newbie traders, by Jay Lakhani.

The Truth About Fibonacci Trading — the basic facts and information about Fibonacci levels and their application to the Forex trading, by Bill Poulos.

Quick Guide to Forex Trading — a 2008 edition of the Forex guide for the beginners and private traders issued by Easy-Forex.

Chart Patterns and Technical Indicators — an explanation of the most popular chart patterns and some technical indicators, by unknown author.

Forex Books

You can download free Forex e-books from my site. The information in these Forex e-books will help you develop your trading skills, money management abilities and the emotional self-control.

Almost all Forex e-books are in .pdf format. You'll need Adobe Acrobat Reader to open these e-books. Some of the e-books (those that are in parts) are zipped.

Since currently there are more than 80 Forex books in my collection, they are divided into five different section. Each section is dedicated to its own topic and features the download links to e-books as well as the little description of every book.

If you are the copyright owner of any of these e-books and don't want me to share them, please, contact me and I will gladly remove them.

Forex Books for Beginners

Books about Forex Market in General

Forex Books about Trading Psychology

Money Management Forex Books

Books about Forex Strategy

Books for Advanced Forex Traders

Forex Newsletter

Subscribe to the EarnForex newsletter to get the regular monthly updates on the Forex market and this site. With each newsletter issue you will get the monthly events summary of each Forex traded currency, analysis of the fundamental market situation, examples of my real trades for the month and the important site updates including new ebooks, brokers and expert advisors.

Subscription to this newsletter is completely free and is very easy. Your private data is completely secure and won’t be sold or traded. The newsletter will be sent out only in text format. This will ensure that you will be always able to read it from anywhere. To subscribe, please, fill and submit the following form and then click on the confirmation link in the e-mail message, that you will receive in a few minutes.E-mail:
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Forex Articles

Read the most popular and helpful Forex articles. All these Forex articles are written by the talented Forex traders, analysts and strategists. You can submit your own Forex article on our Forex article submission page.

All Forex articles are divided into the following categories:
Introdcution to Forex
Forex Brokerage Articles
Forex Technical Analysis Articles
Forex Fundamental Analysis Articles
Forex Money Management Articles
Forex Trading Psychology Articles
Forex General Tips Articles


Introduction to Forex

Advantages of the Forex Market — by Heather Redmond

Investing in Forex — by Joe Clinton

Forex The Future Investment — by Mike Pachuta

Explosive Profits: 7 Reasons to Trade Forex — by Sorna Devadas

Why Trade the Forex? — by Susan Walker

Forex Avenue: The Road to Riches — by Scott Bianchi

Forex Trading — by Richard Goldie

Forex Enterprise — A Full Review — by Joey Merrick

Introduction To Forex Trading — by Marquez Comelab

The Benefits of Trading The Forex Market — by Marquez Comelab

Trading Forex To Advance Your Financial Position — by Jay Moncliff

The 6 Advantages Forex Trading Has Over Other Investments — by David Morrison

What Is Forex Trading? — by David Morrison

Forex Trade: Main Drawbacks of a Forex Trader — by Raul Lopez

Learn Currency Trade — Intro to The Forex Market — by Anna Rowe

Forex: Benefits of Trading the Forex Market — by Raul Lopez

Forex Trading — Understanding Commissions, Spreads and Trading Costs — by Rich Cochrane

Interested in Forex Trading? — by Jill Kane

Forex: What Is It And How Does It Work? — by Frederic Madore

Futures Versus Forex (Foreign Exchange Market) — by Jeff Slokum

Online Forex Trading — by Bob Hett

How To Get Started In Forex Trading — by Ron King

Forex Market Offers Opportunity And Information — by Jay Moncliff

Forex Glossary — by Norman Fleming

Introduction To Forex — by Norman Fleming

How To Get Started In Forex Trading — by Hana Lee

Reality of Online Forex Trading — by David Jones

Internet Marketing VS Forex Currency Trading — by Amin Sadak

Forex Made Easy for Everyone — by Brian Kolewe

Forex Trading — Opportunities for Individuals — by Anthony Trister

Your Mother Could Make Money In Forex Trading — by Wayne Watson

The History of Forex Trading — by Divyansh Sharma

A Short Introduction To Forex — by Adrian Pablo

Forex 101: Make Money with Currency Trading — by Rich McIver

Online Forex — by Rafik Patel

Shoes Or Forex? — by Marquez Comelab

Forex 101 — by John Sanderson

Currency Trading Is Not The Monopoly Of The Nerds And The Geeks — by Sara Chambers

What Is Rollover Interest In The Forex Market? — by Martin Maier

Investment Myths And The Forex Markets — by David Mclauchlan

The Forex Market And Its Three Distinctive Elements — by David Mclauchlan

The Prime Time For Daily Forex Trading — by David Mclauchlan

A Forex Quickie — How To Get An Educated Quick Start — by David Mclauchlan

Forex Trading, What Hours Should I Be Ready For Trading? — by Adrian Pablo

The Pros and Cons, of Trading a Forex Trading Demonstration Account — by Bill Boyd

Forex: Starting your own trading — by Andrey Moraru

Forex Practice Accounts — Are Demo Accounts Really a Good Thing? — by Paul Bryan

Methods or Techniques for Trading the Forex Market — by Linda Wainman

Why Forex Trading is an Ideal Home Business — by Garry Williams

How to Make Forex Give the Lifestyle You Want — by Ryan Joseph Ferrer

Trade Forex or Invest in Real Estate? — by Marquez Comelab

Forex Brokerage Articles

Avoiding Forex-Related Frauds and Scams — by Marquez Comelab

Trading Currency Through Online Forex Brokers — by Jay Moncliff

Finding Reliable Forex Signals — by Elisha Gan

How To Choose A Forex Broker — by Mark Freeman

Forex Trading Platform — by Gary Berg

Sending Signals For Trading In Forex — by Gary Berg

Forex Software Packages — by Ryan Larson

Forex Broker Involvement Optional — by Jay Moncliff

Forex Signal Services — by Amber Lowery

Forex Brokers — by Simon Harris

Forex Brokers — Helping to Maximize Your Success — by Anthony Trister

Choosing A Forex Broker — by Geoff Turnbull

Forex Software — Choosing The Best — by Oliver Turner

How To Spot Forex Fraud — by Willie Reynolds

Forex Scams: How To Spot Them A Mile Away — by John Bekian

Choosing Your Forex Broker....Important Facts — by David Mclauchlan

How to Save Yourself from Forex Scam — by Teo Gee

8 Basic Tips on choosing Best Forex Broker — by Mostafa Soleimanzadeh

6 Critical Factors For Successful Forex Trading — by Roxanne Manning

How To Find A Forex Broker That Won`t Rob You Blind — by Jimmy Cox

Choosing the Right Forex Broker — by David Thorpe

Are Forex Brokers The Antichrist or is Broker-Bashing one Gigantic Witch Hunt? — by David Thorpe

The Best Forex Broker: One for Everyone — by Carl Hayes

Forex Technical Analysis Articles

Forex Trading Indicators and the Ever Changing Market Conditions — by Martin Redhead

Pivot Points in Forex: Mapping your Time Frame — by Raul Lopez

What's Fibonacci Forex Trading? — by Adrian Pablo

What's the .382 Fibonacci Ratio in Forex Trading? — by Adrian Pablo

How To Read Forex Charts: 5 Things You Must Know — by Mark Hamburg

Trading Forex With Pivot Points — by E.J. Sieberhagen

Forex and Some Important Facts about Bollinger Bands — by Adrian Pablo

Neural Networks Learn Forex Trading Strategies — by Duncan McQueen

The Elliott Wave Theory For Forex Markets — by David Mclauchlan

Fibonacci And The Forex Market — by David Mclauchlan

Relative Strength Analysis In Forex Trading — by David Mclauchlan

Trading Trend And Ranges In Today's Forex — by David Mclauchlan

Forex Traders Need To Know About Crossing Currency — by David Mclauchlan

Moving Averages Basics And How They Help Forex Traders — by Adrian Pablo

Better Understand Technical Analysis and Some Indicators — by Sorna Devadas

Bollinger Bands — by Cynthia Macy

Gann Angles — A Unique Powerful Tool For Trading Profits — by Sacha Tarkovsky

Fibonacci Numbers — Trade For Huge Profits With This Unique Tool! — by Sacha Tarkovsky

Discover Some Magic to Beat The Forex: The Elliott Wave Theory for Forex Markets — by Joseph Plazo

Forex Information: How To Draw DeMark Trendlines — by Michael A. Jones

Indicator of Forex Market Economy — by Manish

Technical Analysis: How to Read the Price Action — by Carl Hayes

Point and Figure Charts: an Easy Way to Recognize Trends in Forex — by Carl Hayes

Forex Fundamental Analysis Articles

Introduction To Fundamental Analysis: Forex — by John Sanderson

Forex Capital Markets And Foreign Exchange Transactions — by Gary Berg

World Events and Wise Forex Trading — by Adrian Pablo

What About The Oil Market Does It Affect Forex Trading — by David Mclauchlan

Do Interest Rates Drive The Foreign Exchange Markets? — by David Mclauchlan

Forecasting Forex Trading — by David Mclauchlan

Forex Trading Is Driven By Five Top Economic Indicators — by David Mclauchlan

Understanding What Influences Forex Prices — by Sorna Devadas

Energy Prices, Inflation and Forex — by Peter Grant

How Are Interest Rates Set? — by Glenn Reschke

New Housing Index Benefits Forex Market Investors — by Harman Gilly

Forex Market Trading Hours — by Harman Gilly

The Establishment Survey and the Forex Market — by Harman Gilly

The Forex Market and the Employment Cost Index — by Harman Gilly

The ISM Manufacturing Index and the Economy — by Harman Gilly

Durable Goods and the Forex Market — by Harman Gilly

Fundamental Analysis: Study Economics, Trade the Markets — by Carl Hayes

Forex Money Management Articles

The Sneaky Way To Managing Losses In Your Forex Trading — by David Jenyns

Money Management Tips For Trading On The Forex — by David Mclauchlan

Forex — Dealing With Your Losses — by Don Spanish

The Costs Of Trading — by Marquez Comelab

Forex: Exiting positions at a right time — by Andrey Moraru

Protective Puts — by John Jagerson

The Power of Small Consistent Returns — by Marquez Comelab

Money Management in Forex: the Real Deal in Trading — by Carl Hayes

Forex Trading Psychology Articles

Forex: Why Psychiatrists Make Better Traders Than Expert Economists? — by Alexander Brin

Emotions And Forex Trading Don't Mix — by David Mclauchlan

Forex Market Trading And The Mind Games — by David Mclauchlan

Forex: No psychological limitations — by Joshua White

Trading Psychology: Mistakes in a Trading Environment — by Raul Lopez

Forex Trading: The Fear Factor — by Michael J Campbell

Forex trading psychology: Learn to see the line between the trading plan and your emotional impulses — by Bofdan Vasile

Your Forex trading potential can be predicted by looking at your daily emotional behavior — by Bofdan Vasile

The Funny Sort Of Traders In Forex Currency Trading — by Kevin Anderson

Forex : How To Handle A String Of Investment Losses — by Amy Goodmann

Why do the best trading systems fail? — by Christopher Temple

How to Take Control in Forex Trading — by Joe Chalhoub

The Advantages of Trading Alone — by Marquez Comelab

Trading Your Emotions: How to Cope with Psychological Pressures — by Carl Hayes

Forex General Tips Articles

5 Things You Must Do If You Want To Attain Financial Freedom Through Forex Trading — by Eddie Yakubovich

Real Forex Traders Learn to Like Losses — by Scottie Pippin

Forex Trading Guide — How to deal with Forex Trading — by Gagandeep Dhaliwal

Forex Course: A Quick Forex Guide for Traders — by Raul Lopez

Forex Trading Tips — by Fiorenzo Fontana

Day Trading Forex Market Behaviour — by Jay Moncliff

Forex Trading Education: Things You Should Know About Forex Trading — by Raul Lopez

Trading In The Forex Requires Some Caution — by Sara Jenkins

Forex Training: What to Look for in a Forex Training Program — by Raul Lopez

Your Forex Trading Philosophy — by Ron King

Revealed — Million Dollar Forex Investing Mistakes — by David Jenyns

Are These Simple Trading Mistakes Costing You Money In The Forex Market — by David Jenyns

Forex Day Trading: How To Create Massive Wealth From Forex Day Trading — by I-key Benney, CEO

Managing The Forex Accounts For You — by Gary Berg

Getting a Forex Trading Education — by Jay Moncliff

Where to Get Forex Training — by Jay Moncilff

Forex Trading Philosophy — by Dries Cronje

Forex Profits — by Anthony Trister

Option Arbitrage in the Forex Market — by John Nobile

The Properties Of Price Movement — by Marquez Comelab

The Trading Teacher — by Marquez Comelab

Forex Training: Deadly Forex Mistakes That Assure Failure — by Raul Lopez

Learn By Hands On Forex Trading: Demo Accounts Vs Mini Accounts — by Amber Lowery

Day Trading, Forex Or Currencies Back Testing — A Way To Improve Your Trading Score — by David Jenyns

Is There Such A Thing As Hedging In The Forex Market — by David Mclauchlan

Day Trading Tips for Dummies — by Tim Lee

Boost Forex Trading Profits Using These 3 Simple Guidelines — by Roxanne Manning

The 7 Undeniable Rules of Forex Trading — by Sorna Devadas

How The Matrix Will Boost Your Forex Profits? — by Karima Begag

Two Timeless Rules in Forex Investing — by Adrian Pablo

Secrets To Potentially Making Money In The Forex Markets — by Bill Poulos

FOREX Education — Thinking Of Buying FOREX Advice? Read This First — by Sacha Tarkovsky

Too Many Strategies, But Still Frustrated? — by S.A Ghafari

Stop Loss?? I Don't Want To Use It — by S.A Ghafari

133 Trading Tips — by AKFOREX

Making Forex Day Trading Successful — by Harman Gilly

Tips to Make Money Fast in Forex — by Ryan Joseph Ferrer

Forex Strategy Building Articles

Forex Trading Strategies — by Gay Redmile

How To Loose Everything — The Worst Forex Trading Strategy Ever That You Might Be Using — by David Jenyns

Choosing A Forex Strategy — by Giles Windholm

Forex Trading: The Perfect Forex Trading System — by Raul Lopez

A Sneaky Way to Steal Someone Else's Forex Trading System — by David Jenyns

Trying Forex Trading with the Best Strategy and Approach — by Sara Jenkins

Your Guide to Learning a Forex Trading System — by Morgan Hamilton

Do You Have A Back Up Plan? — by Marquez Comelab

Why You Need To Develop Your Own Trading System — by Marquez Comelab

Forex Trading Systems: Mechanical Vs. Discretionary Systems — by Raul Lopez

Profitable Forex Strategies and Techniques — by Nathaniel Tabares

Moving The Forex Market With Trading And Intervention Techniques — by David Mclauchlan

My Forex Trading Strategy — by Timothy Rohrer

An Overview Of Forex Investing Strategies — by Willie Reynolds

Forex Forecasts — You Never Know What You Will Benefit From — by Kevin Anderson

5 EMAs FOREX SYSTEM, Exponential Moving Averages Full Potential — by Adrian Pablo

Automated Trading Systems for Financial Markets and Recommendations for Their Usage — by Nikita Laukhin

100% Hedging Strategies — by Yannis Karamanakis

How I became a successful part time trader — by Joe Chalhoub

Scalping The Forex Market For Profits Every Day — by Dean Saunders

The Opportunities of Trading the Forex Hedged Grid System — by Mary McArthur

Forex Profits by Buying and Selling at the Same Time? — by Mary McArthur

I am Happy with My System, What's Next? — by Marquez Comelab

Build a Forex Trading Account You Can Be Proud of — by Annabel Meade

Forex Glossary

ADX (Average Directional Index) — standard technical indicator that measures the strength of a trend.

Ask (Offer) — price of the offer, the price you buy for.

Aussie — a Forex slang name for the Australian dollar.

Bank Rate — the percentage rate at which central bank of a country lends money to the country's commercial banks.

Bid — price of the demand, the price you sell for.

Broker — the market participating body which serves as the middleman between retail traders and larger commercial institutions.

Cable — a Forex traders slang word GBP/USD currency pair.

Carry Trade — in Forex, holding a position with a positive overnight interest return in hope of gaining profits, without closing the position, just for the central banks interest rates difference.

CCI (Commodity Channel Index) — a cyclical technical indicator that is often used to detect overbought/oversold states of the market.

CFD — a Contract for Difference — special trading instrument that allows financial speculation on stocks, commodities and other instruments without actually buying.

Commission — broker commissions for operation handling.

CPI — consumer price index the statistical measure of inflation based upon changes of prices of a specified set of goods.

EA (Expert Advisor) — an automated script which is used by the trading platform software to manage positions and orders automatically without (or with little) manual control.

ECN Broker — a type of Forex brokerage firm that provide its clients direct access to other Forex market participants. ECN brokers don't discourage scalping, don't trade against the client, don't charge spread (low spread is defined by current market prices) but charge commissions for every order.

ECB (European Central Bank) — the main regulatory body of the European Union financial system.

Fed (Federal Reserve) — the main regulatory body of the United States of America financial system, which division — FOMC (Federal Open Market Committee) — regulates, among other things, federal interest rates.

Fibonacci Retracements — the levels with a high probability of trend break or bounce, calculated as the 23.6%, 32.8%, 50% and 61.8% of the trend range.

Flat (Square) — neutral state when all your positions are closed.

Fundamental Analysis — the analysis based only on news, economic indicators and global events.

GDP (Gross Domestic Product) — is a measure of the national income and output for the country's economy; it's one of the most important Forex indicators.

GTC (Good Till Cancelled) — order to buy or sell of a currency with a fixed price or worse. The order is alive (good) until execution or cancellation.

Hedging — maintaining a market position which secures the existing open positions in the opposite direction.

Jobber — a slang word for a trader which is aimed toward fast but small and short-term profit from an intra-day trading. Jobber rarely leaves open positions overnight.

Kiwi — a Forex slang name for the New Zealand currency — New Zealand dollar.

Leading Indicators — a composite index (year 1992 = 100%) of ten most important macroeconomic indicators that predicts future (6-9 months) economic activity.

Limit Order — order for a broker to buy the lot for fixed or lesser price or sell the lot for fixed or better price. Such price is called limit price.

Liquidity — the measure of markets which describes relationship between the trading volume and the price change.

Long — the position which is in a Buy direction. In Forex, the primary currency when bought is long and another is short.

Loss — the loss from closing long position at lower rate than opening or short position with higher rate than opening, or if the profit from a position closing was lower than broker commission on it.

Lot — definite amount of units or amount of money accepted for operations handling (usually it is a multiple of 100).

Margin — money, the investor needs to keep at broker account to execute trades. It supplies the possible losses which may occur in margin trading.

Margin Account — account which is used to hold investor's deposited money for FOREX trading.

Margin Call — demand of a broker to deposit more margin money to the margin account when the amount in it falls below certain minimum.

Market Order — order to buy or sell a lot for a current market price.

Market Price — the current price for which the currency is traded for on the market.

Momentum — the measure of the currency's ability to move in the given direction.

Moving Average (MA) — one of the most basic technical indicators. It shows the average rate calculated over a series of time periods. Exponential Moving Average (EMA), Weighted Moving Average (WMA) etc. are just the ways of weighing the rates and the periods.

Offer (Ask) — price of the offer, the price you buy for.

Open Position (Trade) — position on buying (long) or selling (short) for a currency pair.

Order — order for a broker to buy or sell the currency with a certain rate.

Pivot Point — the primary support/resistance point calculated basing on the previous trend's High, Low and Close prices.

Pip (Point) — the last digit in the rate (e.g. for EUR/USD 1 point = 0.0001).

Profit (Gain) — positive amount of money gained for closing the position.

Principal Value — the initial amount of money of the invested.

Realized Profit/Loss — gain/loss for already closed positions.

Resistance — price level for which the intensive selling can lead to price increasing (up-trend).

RSI (Relative Strength Index) — indicator that measures of the power of direction price movement by comparing the bullish and bearish portions of the trend.

Scalping — a style of trading notable by many positions that are opened for extremely small and short-term profits.

Settled (Closed) Position — closed positions for which all needed transactions has been made.

Slippage — execution of order for a price different than expected (ordered), main reasons for slippage are — "fast" market, low liquidity and low broker's ability to execute orders.

Spread — difference between ask and bid prices for a currency pair.

Standard Lot — 100,000 units of the base currency of the currency pair, which you are buying or selling.

Stop-Limit Order — order to sell or buy a lot for a certain price or worse.

Stop-Loss Order — order to sell or buy a lot when the market reaches certain price. It is used to avoid extra losses when market moves in the opposite direction. Usually is a combination of stop-order and limit-order.

Support — price level for which intensive buying can lead to the price decreasing (down-trend).

Swap — overnight payment for holding your position. Since you are not physically receiving the currency you buy, your broker should pay you the interest rate difference between the two currencies of the pair. It can be negative or positive.

Technical Analysis — the analysis based only on the technical market data (quotes) with the help of various technical indicators.

Trend — direction of market which has been established with influence of different factors.

Unrealized (Floating) Profit/Loss — a profit/loss for your non-closed positions.

Useable Margin — amount of money in the account that can be used for trading.

Used Margin — amount of money in the account already used to hold open positions open.

Volatility — a statistical measure of the number of price changes for a given currency pair in a given period of time.

VPS (Virtual Private Server) — virtual environment hosted on the dedicated server, which can be used to run the programs independent on the user's PC. Forex traders use VPS to host trading platforms and run expert advisors without unexpected interruptions.

Forex FAQ

The answers to the most popular questions about Forex market are presented in this FAQ:
What is Forex?
How can I start trading Forex?
Who owns Forex and where is it located?
What are the working hours of Forex market?
What is margin?
What are the "long" and "short" positions?
What is the best Forex trading strategy?
How much money do I need to start trading Forex?
I can't (or don't want to) install any Forex trading software on my computer. Can I still trade Forex?
I've downloaded the expert advisor for MetaTrader platform but I don't know how to install it. What should I do?
I've downloaded a custom indicator for MetaTrader platform but I don't know how to install it. What should I do?
Can I lose more than I invest in Forex?
Your question was not answered here?



What is Forex?

You can read the detailed answer in the separate section of the site — "What is Forex?".


How can I start trading Forex?

You'll need to register a trading account with a Forex broker, such as Marketiva. Then you can begin using their Forex client program to buy and sell currencies. This will take less than 5 minutes of your time!


Who owns Forex and where is it located?

It's not owned by anyone in particular. Forex is an Interbank market, meaning that it's transactions are conducted only between two participants - seller and the buyer. So as long as existing banking system will exist, Forex will be here. It's not connected to any specific country or government organization.


What are the working hours of Forex market?

Forex market is open from 22:00 GMT Sunday (opening of Australia trading session) till 22:00 GMT Friday (closing of USA trading session).


What is margin?

Margin is money you need to have in your broker account to secure your open position. Different brokers require different amount of margin money to keep your positions open.


What are the "long" and "short" positions?

Long position is a "buy" position, meaning that this position will be in profit if price goes up. Short position is a "sell" position, meaning that this position will be in profit if price goes down.


What is the best Forex trading strategy?

There is none. You should constantly develop your own strategies for every possible market situation, if you want to be in profit. Specific strategies can only be good for a certain period of time and for certain currency pairs.


How much money do I need to start trading Forex?

With some Forex brokers you can start trading Forex with as little as $1. Usually, the minimum amount varies from $100 to $10,000 ($100,000 and more for Interbank trading).


I can't (or don't want to) install any Forex trading software on my computer. Can I still trade Forex?

If you don't want (or it is not possible) to install new software to start trading Forex then a good option for you would be using web based trading platform. You can browse our Forex brokers list to find those which support such platform. Here is a short list of those brokers which have web based trading options:
eToro
Aurora Global Markets
Easy Forex
Forex Capital Trading
Oanda
Interactive Brokers


I've downloaded the expert advisor for MetaTrader platform but I don't know how to install it. What should I do?

You can read the MetaTrader Expert Advisors User's Tutorial to find out how to intstall those expert advisors.


I've downloaded a custom indicator for MetaTrader platform but I don't know how to install it. What should I do?

You can read the MetaTrader Indicators User's Tutorial to find out how to intstall those indicators.


Can I lose more than I invest in Forex?

No. The broker won't allow you to lose more than the available funds on your trading account. It will simply close your losing position when the resulting account balance becomes too close to zero. The loss that is bigger than the trader's deposit is a direct loss of the Forex broker. It's in the brokers' interest to prevent such losses. To secure themselves brokers implement a Stop-Out level (usually about 20%), which means that the most losing position will be closed once (free margin / used margin) * 100% becomes equal or less than this level.


Your question was not answered here?

You can try to find an answer on the Forex forum or you can contact me if the question isn't answered anywhere.

Forex for Dummies

Forex Basics

If you've already read the "What is Forex?" section then you should know what Forex market is and what it is all about. If not, please, do it. There are five essential aspects of foreign currency market a beginner trader (and an old one as well) should be aware of:
Forex Fundamental Analysis
Forex Technical Analysis
Money Management
Forex Trading Psychology
Forex Brokerage

Understanding and mastering these sides of trading are crucial to organize your Forex trading experience.

Forex Fundamental Analysis

Fundamental analysis is the process of market analysis which is done regarding only "real" events and macroeconomic data which is related to the traded currencies. Fundamental analysis is used not only in Forex but can be a part of any financial planning or forecasting. Concepts that are part of Forex fundamental analysis: overnight interest rates, central banks meetings and decisions, any macroeconomic news, global industrial, economical, political and weather news. Fundamental analysis is the most natural way of making Forex market forecasts. In theory, it alone should work perfectly, but in practice it is often used in pair with technical analysis. Recommended e-books on Forex fundamental analysis:
Reminiscences of a Stock Operator
What Moves the Currency Market?

Forex Technical Analysis

Technical analysis is the process of market analysis that relies only on market data numbers - quotes, charts, simple and complex indicators, volume of supply and demand, past market data, etc. The main idea behind Forex technical analysis is the postulate of functional dependence of the future market technical data on the past market technical data. As well as with fundamental analysis, technical analysis is believed to be self-sufficient and you can use only it to successfully trade Forex. In practice, both analysis methods are used. Recommended e-books on Forex fundamental analysis are:
Chart Patterns and Technical Indicators
Candlesticks For Support And Resistance
Trend Determination

Money Management in Forex

Even if you master every possible method of market analysis and will make very accurate predictions for future Forex market behavior, you won't make any money without a proper money management strategy. Money management in Forex (as well as in other financial markets) is a complex set of rules which you develop to fit your own trading style and amount of money you have for trading. Money management play very important role in getting profits out of Forex; do not underestimate it. To get more information on money management you can read these books:
Risk Control and Money Management
Money Management (A chapter from The Mathematics of Gambling)

Forex Trading Psychology

While learning a lot about market analysis and money management is an obvious and necessary step to be a successful Forex traders, you also need to master your emotions to keep your trading performance under strict control of mind and intuition. Controlling your emotions in Forex trading is often a balancing between greed and cautiousness. Almost any known psychology practices and techniques can work for Forex traders to help them keep to their trading strategies rather to their spontaneous emotions. Problems you'll have to deal while being a professional Forex trader:
Your greed
Overtrading
Lack of discipline
Lack of confidence
Blind following others' forecasts

These are very professional books on psychology written specially for financial traders:
Calming The Mind So That Body Can Perform
Emotion Free Trading
The Miracle of Discipline

Forex Brokerage

Every Forex trader like any other professional needs tools to trade. One of these tools, which is vital to be in market, is a Forex broker and specifically for Internet - on-line Forex broker - a company which will provide real-time market information to trader and bring his orders to Forex market. While choosing a right Forex broker things to look for are the following:
Being a professional company you can trust
Provide you with real-time quotes
Execute your orders fast and accurately
Don't take a lot of commissions
Support the withdraw/deposit methods that you can use

For beginning Forex traders I recommend these four brokerage companies that are probably the best Forex brokers to start with:
FXOpen — one of the most popular and progressive brokers with MetaTrader platform and comfortable trading conditions for all kind of traders.
InstaForex — a reputable MetaTrader 4 brokers, allows Islamic Forex trading accounts, while you can deposit and withdraw money via WebMoney.
FXcast — good because you can start trading Forex with as little as 10$, use MetaTrader 4 platform and the dozoen of various deposit and withdraw methods, including WebMoney, e-Bullion and wire transfer.
LiteForex — broker that supports MetaTrader 4 Forex trading platform and doesn't require a lot of money to start with.

What is Forex?

FOREX - the foreign exchange market or currency market or Forex is the market where one currency is traded for another. It is one of the largest markets in the world.

Some of the participants in this market are simply seeking to exchange a foreign currency for their own, like multinational corporations which must pay wages and other expenses in different nations than they sell products in. However, a large part of the market is made up of currency traders, who speculate on movements in exchange rates, much like others would speculate on movements of stock prices. Currency traders try to take advantage of even small fluctuations in exchange rates.

In the foreign exchange market there is little or no 'inside information'. Exchange rate fluctuations are usually caused by actual monetary flows as well as anticipations on global macroeconomic conditions. Significant news is released publicly so, at least in theory, everyone in the world receives the same news at the same time.

Currencies are traded against one another. Each pair of currencies thus constitutes an individual product and is traditionally noted XXX/YYY, where YYY is the ISO 4217 international three-letter code of the currency into which the price of one unit of XXX currency is expressed. For instance, EUR/USD is the price of the euro expressed in US dollars, as in 1 euro = 1.2045 dollar.

Unlike stocks and futures exchange, foreign exchange is indeed an interbank, over-the-counter (OTC) market which means there is no single universal exchange for specific currency pair. The foreign exchange market operates 24 hours per day throughout the week between individuals with forex brokers, brokers with banks, and banks with banks. If the European session is ended the Asian session or US session will start, so all world currencies can be continually in trade. Traders can react to news when it breaks, rather than waiting for the market to open, as is the case with most other markets.

Average daily international foreign exchange trading volume was $1.9 trillion in April 2004 according to the BIS study.

Like any market there is a bid/offer spread (difference between buying price and selling price). On major currency crosses, the difference between the price at which a market maker will sell ("ask", or "offer") to a wholesale customer and the price at which the same market-maker will buy ("bid") from the same wholesale customer is minimal, usually only 1 or 2 pips. In the EUR/USD price of 1.4238 a pip would be the '8' at the end. So the bid/ask quote of EUR/USD might be 1.4238/1.4239.

This, of course, does not apply to retail customers. Most individual currency speculators will trade using a broker which will typically have a spread marked up to say 3-20 pips (so in our example 1.4237/1.4239 or 1.423/1.425). The broker will give their clients often huge amounts of margin, thereby facilitating clients spending more money on the bid/ask spread. The brokers are not regulated by the U.S. Securities and Exchange Commission (since they do not sell securities), so they are not bound by the same margin limits as stock brokerages. They do not typically charge margin interest, however since currency trades must be settled in 2 days, they will "resettle" open positions (again collecting the bid/ask spread).

Individual currency speculators can work during the day and trade in the evenings, taking advantage of the market's 24 hours long trading day.

Forex Trading Information

FOREX — the foreign exchange (currency or forex, or FX) market is the and the most liquid financial market with the daily volume of more than $3.2 trillion. Trading on this market involves buying and selling world currencies taking the profit from the exchange rates difference. Forex trading can yield high profits, but it is also very risky. Everyone can participate in Forex trading via the Forex brokers.

Don’t forget to check and bookmark my Forex blog to get the latest updates about Forex market and this site’s content. You can also join a friendly Forex traders community at the Forex Forum.
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Latest Forex News
Canadian Dollar Deepens Losing Streak
Thu, 19 Nov 2009 15:39

It has not been a favorable day for the Canadian dollar as stocks went down globally, the crude oil, one of the nation’s main export tumbled, and more risk averse traders opted for the safety of Canada’s counterpart currency in the United States.

Yen Gains on Bearish Stocks Session
Thu, 19 Nov 2009 14:11

The Japanese currency was one of the biggest winners together with the U.S. dollar in trading markets this Thursday, as stocks fell globally, declining appeal for higher-yielding currencies as risk aversion rose, favoring the safety profile of the yen, considered the top refuge currency in days of pessimism.

Mexican Peso Advances as Rates Won’t Be Cut
Wed, 18 Nov 2009 17:39

The Mexican peso had a positive performance today versus the greenback as interest rates are unlikely to have further cuts, attracting investors to inject capital in the North American country.

Gold, Oil Force Canadian Dollar Up
Wed, 18 Nov 2009 17:31

The Canadian dollar continued to trade high maintaining yesterday’s gains versus the U.S. dollar as gold reached a record high, raising attractiveness for Canadian commodities.


Latest Glossary Entries
RSI (Relative Strength Index) — indicator that measures of the power of direction price movement by comparing the bullish and bearish portions of the trend.
CCI (Commodity Channel Index) — a cyclical technical indicator that is often used to detect overbought/oversold states of the market.
ADX (Average Directional Index) — standard technical indicator that measures the strength of a trend.