Forex trading is accessible to everyone and offers the potential for significant returns, but it is important to approach it cautiously to avoid losing money. Forex traders in Australia should choose a reputable and regulated broker to avoid getting scammed, educate themselves on Forex trading, create a trading plan and stick to it, develop a risk management strategy, practice trading on a demo account, stay informed and educated, and follow the global financial market news.
Season 3 just dropped! We cover how to minimise risk in Forex trading, trading psychology, Forex terminology, trading strategies, and interviews with top brokers.
Keep up to date with the latest market news and analysis. Our research team keeps a close eye on developments in the financial markets and Forex industry.
Explore top forex brokers tailored for beginners, ensuring a smooth start in the trading world.
Compare Forex Brokers Side-by-Side Using Complete and Accurate Data.
We are big believers in transparency. To help you make an informed choice, we publish our comprehensive broker comparison process and constantly update our State of the Forex Market report.
ASIC Regulated
Leverage30:130:1
PlatformsMT4, MT5MT4, L2 Dealer
Min. Spread0.0 pips0.6 pips
ASIC Regulated
Leverage30:130:1
PlatformsMT4, MT5MT4, MT5
Min. Spread0.0 pips0.0 pips
ASIC Regulated
Leverage30:130:1
PlatformsMT4, MT5MT4, L2 Dealer
Min. Spread0.6 pips0.6 pips
What is Forex Trading
Forex trading, derived from Foreign Exchange, is the process of exchanging one currency for another through secure online platforms connected to Forex brokers. Every day, thousands of Australian traders buy and sell currency pairs, like the AUD/USD, hoping to make a profit through the fluctuations in exchange rates. It´s difficult to predict the changes in exchange rates between currencies. They are determined by complex economic, political, and technical factors, making Forex trading both a risky yet potentially profitable career.
Forex trading in Australia is legal and regulated, and Australian Forex traders are protected by the Australian Investment and Securities Commission (ASIC). ASIC imposes restrictions on Forex trading to safeguard inexperienced traders. Restrictions include a leverage limit of 30:1 and compulsory negative balance protection for non-professional traders so they never end up owing money to their brokers.