Education

Nothing can beat education as a means of getting from an ignorant new trader to a profitable professional in Forex trading. Our approach to educating traders is to provide a starting point for beginners, a list of advanced topics for intermediate traders, and clues for further research for experienced FX scholars. Education never stops — even the best traders must constantly learn something new to be up-to-date with the latest market developments.

What is Forex? — Start here!

Forex Course — A comprehensive course in Forex trading to learn everything you need to know about currency trading. It is completely free.

Forex for Dummies — New to Forex? Have a lot of questions? Proceed here.

Forex Glossary — All the lingo explained.

Forex Guides — A list of guides that explain one Forex related topic at a time. You can read a typical article in under 5 minutes.

Forex FAQ — Still have some questions? Get the answers here.

More on payment systems

Learn more about payment systems used in the online Forex industry to fund your trading account and withdraw your hard-earned profit.

WebMoney — an international payment network of Russian origin with a unique wallet system, developed infrastructure, and a complex security scheme. It was launched in 1998. WebMoney can be very confusing to new users, but those who get used to its quirks, stay with WebMoney for long. Perhaps, that is one of the reasons that its popularity with FX brokers is second only to Skrill among online payment systems.

PayPal — launched in 1998, is the oldest existing payment systems available online. It is mostly used to pay for goods and services. Unfortunately, not so many Forex brokers accept PayPal. And those who do, cannot accept funds from the credit cards via PayPal if they are based in the United States.

Skrill — is younger than PayPal (founded in 2001). Started as Moneybookers, it rebranded to Skrill in 2011. The payment system's main purpose was providing ways of funding for online betting and gambling websites. Forex brokers soon realized that Skrill is used by a huge part of their potential customers. Now, more than a half of all Forex brokers accept Skrill.

Neteller — another payment system created for betting and gambling funding online. It was launched not long after PayPal (in 1999) and is now a popular funding method among Forex brokers. Since 2015, Neteller and Skrill are operated by the same company. It means that most probably they will not compete for the acceptance among Forex brokers, specializing each in its own niche. Neteller is significantly less popular among Forex brokers than Skrill as of today.

Bitcoin — the oldest cryptocurrency (launched in 2008). Along with other cryptocurrencies, is an outstanding way of depositing or withdrawing funds. On the one hand, it offers free, fast, and potentially anonymous method to fund your trading account. On the other one, it is very difficult for a Forex broker to get compliant with various KYC anti-money laundering policies if they accept Bitcoin. Nevertheless, a number of Forex brokers are actively working with cryptocurrencies.

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Forex trading bears intrinsic risks of loss. You must understand that Forex trading, while potentially profitable, can make you lose your money. Never trade with the money that you cannot afford to lose! Trading with leverage can wipe your account even faster.

CFDs are leveraged products and as such loses may be more than the initial invested capital. Trading in CFDs carry a high level of risk thus may not be appropriate for all investors.