Some of these books do outline the general concepts of their specific forex system or strategy, but what they really do better is to help your understanding of the forex market in general, trading psychology, as well as understanding the reasons why most forex systems are designed in a certain way. There are also no limits on the size of your position (as there are in futures); so, in theory, you could sell $100 billion worth of currency if you had the capital to do it. If your biggest Japanese client, who also happens to golf with the governor of the Bank of Japan tells you on the golf course that BOJ is planning to raise rates at its next meeting, you could go right ahead and buy as much yen as you like.
When it became apparent that this list wasn’t very satisfactory, I added to the list all of the URLs listed under the Alexa Forex classification Obviously not all of them are blog sites so I manually visited hundreds of sites and picked only those relevant to this list.
Mobile Trading Platforms – One thing that you will appreciate no matter which of our Australian Forex Brokers you choose to sign up to it that you will be able to use a mobile trading platform allows you to instantly be able to place your Forex trades wherever you are quickly and very easily, however they do all have of course their own highly advanced online trading platforms too, and as such you can use a web browser based trading platform if you prefer.
You are essentially loaning the funds to the broker, and the broker is obligated to pay you back your account balance when you instruct them to. However, if the broker goes bankrupt, in most jurisdictions, forex traders are considered unsecured creditors.
AUD Banking Options – As a trader you will never want to be at the mercy of volatile Forex rates yourself when making a deposit, you will be best off choosing to sign up to any of our featured Brokers, as by doing so you are not only going to be able to make a deposit and/or a withdrawal of your profits in AUD but you will also find they have plenty of banking methods available.
The minimum initial deposit for their most simple account is $100 with a lot size of 0.1. They claim to have the most competitive spreads in the market and the fastest withdrawal times in the market, with an average withdrawal request processing time of between 4 – 5 business days.
It is also important to note that while you are trading based on underlying market prices and depth, what you actually receive on placing a trade is a CFD from us. So while you are trading at market prices, you do not gain any ownership rights over the currencies which form the subject of your CFD.