Australian Forex Brokers (Best FX Brokers)

Most prospective forex traders often find it hard to differentiate the best Australian forex brokers and know which one is the best broker for their circumstances. This is especially true when it comes to safety and regulation with most Australian’s looking for a currency trading broker that locally regulated.

Pepperstone is a relatively new Australian forex broker compared to some global players but in Australia has quickly gained a dominant market share.

Contact Us is a trading name of GAIN Capital Australia Pty Limited ABN and is regulated by the Australian Securities and Investments Commission (ASIC). holds Australian Financial Service License No.

This only applies to the first deposit and further conditions apply. Australian forex traders receive further Qantas frequent flyer points on their ongoing trades. At the end of each month a forex traders total volume is calculated and credited as Qantas Points to eligible Qantas frequent flyer members. Up to 10, points can be awarded each month. These amounts can be increase during bonus periods communicated by Pepperstone. While other top Australian forex brokers may offer superior joining offers, the lower spreads of Pepperstone and advanced technology make many conclude that overall, they are the best forex broker in the long-term.

There is no central trading location when currency trading with forex brokers both as market makers or through ECNs electronic communication networks buying and selling currency globally. Forex accounts are offered by brokers to buy, sell and hold foreign currencies. The process for trading currency is to open a forex account, make a deposit and then trade currency pairings.

With the use of leverage, currency fluctuations will lead to profits or losses. A forex trader refers to a retail currency trader who can trade most mainstream currency pairings through a forex broker. There are also institutional currency traders who make fewer but larger trades making huge impacts on currency markets.

A trade on the foreign exchange markets is the action of buying or selling a currency pairing. A trade through a broker can include CFDs including commodities, shares, indices and even bitcoin.

Forex signals is a trigger to trade a currency pairing at a specific price and often time-frame. A signal can bet forex robot or analyst generated leading a trade alert or an automated trade to be generated. The chart below shows what foreign currency pairings are the most traded as shown from the Bank of International Statements. The Chinese Yuan is the fastest growing currency and is moving up the foreign currency table fast. When it come to currency trading, technical analysis is a methodology used to forecast the direction of forex markets through previous market date.

This includes both past prices and currency trading volume and can include three charts:. Bar charts show the high and low as well as opening and closing prices of specific periods.

Like s bar chart, candlestick charts also show opening and closing price. This chart shows a line from one closing price to another. It is not specific to a period, rather is designed to show the general direction of the market. Forex trading fundamental analysis looks at the factors that influence currency markets including economic, political and financial factors. These elements shown on the news are used by traders to predict what the future movements will be of currency markets.

Inflation can impact a countries currency value but it can also lead to rate decisions which when increased can lead to a short-term spike in the currency. This news is shared through central banks. High valued currencies are typically from countries in surplus with historically few deficits.

These countries are in prime position to lend and trade with other countries. Governments often make press releases regarding this news. Government budgets are a major currency driver with well balanced, trade opening policies leading to an expected growth in the economy leading to a stronger budget. A budget that does the opposite can lead to a currency devaluation after released in the news.

Active trading countries when it comes to goods and services often see an increased in demand for their currency leading to appreciation. Some traders will only choose from a range of forex brokers that also offer share trading. Forex markets are open 24 hours a day, 5 days a week from 7: The forex trading hours graph below highlights the peak trading times on currency markets. The cross-over between London and New York been open is when the most trades occur globally each working day. Due to the overlap between each location the forex trading hours are 24 hours during working dates.

Liquidity is also normally the highest when each market opens. As outlined above, Public holidays can result in currency markets closing in local markets. Worldwide holidays such as Xmas and Easter can also lead markets to close. USA public holidays such as Thanksgiving often lead to lower forex trading worldwide.

The simple answer is no. Almost any Australian forex broker or international fx broker has the ability to access any currency market when open and trade multiple currencies within that market. It is possible that volumes for these currency pairings will be lower during different periods of the day but with currency markets volume being multiples of worldwide share-markets there is always opportunity to trade.

Not only can you trade through their forex platforms but the currency brokers also keep support open during all of these forex trading hours. This is critical if you require assistance even during the early hours of the morning. There are no set Forex trading hours when currency paring historically fluctuates the most. There are though a few general events that can lead to currency pairings having large changes including:. Die grauen Kreise in der Tabelle oben zeigen, wo sich Tradingsessions überschneiden.

London und New York laufen ebenfalls vier Handelsstunden lang parallel, von Diese Überschneidungen sind von Bedeutung, weil zu diesen Zeiten wesentlich mehr Trader gleichzeitig handeln, was sich auf die Marktbedingungen auswirkt. Mit mehr aktiven Tradern ist auch die Liquidität im Markt höher. Höhere Liquidität bedeutet, dass Slippage weniger wahrscheinlich ist, Order mit höherer Wahrscheinlichkeit gefüllt werden und die Spreads auf Währungspaare niedriger sind.

Zu solchen Zeiten lohnt sich der Handel meistens. Während der Überschneidung der asiatischen und europäischen sowie der europäischen und amerikanischen Sessions kannst du erhöhte Aktivität beobachten.

In diesen Zeiten, und ganz besonders zu Beginn der Überschneidungen, kann die Kursbewegung sehr volatil sein, mit schnellen Bewegungen in beide Richtungen.

Beim Trading ist also Vorsicht geboten. Zu diesen Zeiten ist das Marktvolumen sehr niedrig. Die Bedingungen im Devisenmarkt ändern sich auch aufgrund von Nationalfeiertagen, beispielsweise bei britischen oder US-amerikanischen Bankfeiertagen. Ohne die Teilnahme dieser Länder sind Marktvolumen und Liquidität geringer als sonst. Zu bestimmten Tageszeiten werden Nachrichten und Berichte veröffentlicht, die den Devisenmarkt beeinflussen.

Zu diesen Zeiten können Auswirkungen gravierend sein und zu schnellen Kursbewegungen in eine Richtung und einem ebenso schnellen Rückfall in die entgegengesetzte Richtung führen. Grund ist, dass Banken und Institute ihre Positionen zurückziehen und das Volumen sich dadurch verringert. Deshalb kommt es zu schnellen Kursbewegungen in beide Richtungen. Die Veröffentlichungszeiten dieser Berichte sind vorab erhältlich.

Somit können volatile Bedingungen vermieden werden. Get month Premium Membership for free. Deposit and send us an email to premium tradimo. Tradimo helps people to actively take control of their financial future by teaching them how to trade, invest and manage their personal finance. Trading in financial instruments carries a high level of risk to your capital with the possibility of losing more than your initial investment.

Trading in financial instruments may not be suitable for all investors, and is only intended for people over Please ensure that you are fully aware of the risks involved and, if necessary, seek independent financial advice. The educational content on Tradimo is presented for educational purposes only and does not constitute financial advice. This means that the U. The same goes for traveling.

A French tourist in Egypt can't pay in euros to see the pyramids because it's not the locally accepted currency. As such, the tourist has to exchange the euros for the local currency, in this case the Egyptian pound, at the current exchange rate. The need to exchange currencies is the primary reason why the forex market is the largest, most liquid financial market in the world. It dwarfs other markets in size, even the stock market, with an average traded value of around U.

The total volume changes all the time, but as of August , the Bank for International Settlements BIS reported that the forex market traded in excess of U. One unique aspect of this international market is that there is no central marketplace for foreign exchange. Rather, currency trading is conducted electronically over-the-counter OTC , which means that all transactions occur via computer networks between traders around the world, rather than on one centralized exchange. The market is open 24 hours a day, five and a half days a week, and currencies are traded worldwide in the major financial centers of London, New York, Tokyo, Zurich, Frankfurt, Hong Kong, Singapore, Paris and Sydney - across almost every time zone.

This means that when the trading day in the U. As such, the forex market can be extremely active any time of the day, with price quotes changing constantly. Spot Market and the Forwards and Futures Markets There are actually three ways that institutions, corporations and individuals trade forex: The forex trading in the spot market always has been the largest market because it is the "underlying" real asset that the forwards and futures markets are based on.