If you know the basics of foreign currency exchange or forex trading, also known as FX trading, and want to give it a try, there’s more to learn than you might expect .
It’s best to have an idea of what you’re doing before you put live currency to the test.
The first step is to choose a reputable forex broker that offers educational tools and resources for beginning traders.
A few US-based forex brokers are listed below, in order of the minimum deposit required to start forex trading.
With most brokers you will find 24/5 or 24/7 live chat assistance and all offer free educational resources on their respective websites.
Once you’re ready to roll, you can trade on a computer, tablet, or even smartphone.
The Best & Top 10 Forex Brokers for Beginners
- 1- options Xpress
- Practice Account: $25,000
- Minimum Deposit: None
A forex broker since 2001, optionsXpress offers live or recorded webinars by their educational team, live in-person workshops, The Insider newsletter and blog collective, as well as the XPRESSO and XPOUND newsletters.
- 2- OANDA Corporation
- Practice Account: Unlimited
- Minimum Deposit: None .... READ MORE