Best forex trading brokers in 2020: You have probably heard the term Forex exchange maybe from your friends or family and maybe you don’t have any idea what it is well — The foreign exchange market is a global decentralized or over-the-counter market for the trading of currencies. This market determines foreign exchange rates for every currency. It includes all aspects of buying, selling, and exchanging currencies at current or determined prices.
Many people around the world make hundreds and thousands of dollars every day due to trading. But first, you need to choose a broker who will give you a trading platform to trade with sign up from the following brokers of your choice then make sure to read till the end to find the perfect strategy that I used and was successful. Please note that it’s not a must that you use real money if you are completely new to this, these brokers give you a demo account to practice your skills from.
1. FOREXTIME
Established in 2011, the FXTM brand is a global leader in online trading, bringing the opportunities of financial markets to global audiences, wherever they are and whatever their financial ambitions. They offer both forex and stock trading services. After successfully signing up they even have a referral program that awards $50 per client.
2. XM GLOBAL
With over 3,500,000 clients since it was founded in 2009, XM has grown to a large and well established international investment firm and has become a true industry leader.
XM is currently built of more than 450 professionals with long-year experience in the financial industry.
Our extensive experience combined with support for well over 30 languages, makes XM the broker of choice for traders of all levels, anywhere. We have the expertise and the resources to help everybody realize their investment goals, like only a big broker can.
3. FORTRADE
Fort Securities BLR LLC was registered by the Minsk City Executive Committee on 08 May 2018 under number 193075810 and was included by the National bank of the Republic of Belarus on the Register of Forex Companies on 19 June 2018. They are experts specializing in the development of trading platforms that are both technologically advanced and user-friendly, we are pleased to offer a wide range of trading instruments covering more than 50 currencies, and nearly 250 stock CFDs, as well as dozens of indices and commodities.
The market is quite simple to understand as compared to stock exchange — traders here simply speculate if a pair of currencies ie EURO/USD will rise or fall when let’s say for example if the pair trades at 1.87 today morning there is a very high chance that the price will change over the next hour either positively or negatively due to several economic factors like the Gross domestic factors or unemployment rate or even the shape of the graph itself!! below is a perfect example of a strategy I used once and worked perfectly:
One day I woke up and checked the EURO/USD chart and saw that is was trading at 1.87 so i asked myself if the pair was going to fall of rise during the course of the day then I simply studied the chart it looked like this:
Since the prices were low and was anticipated to rise i decided to BUY the pair and guess what, the price rose very high and ended up getting a profit of $50(ksh 5,000) that day.
This topic is very huge in that i will write another article on the strategies that i personally used subscribe below tp get alerted asap via email
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