Find a suitable broker for you
The forex market is very competitive with many available brokers offering a range of trading services. With so many brokerage firms to choose from, it can be difficult task deciding which one to put your trust in and open an account.
At DailyForexJournal, our handy Forex Brokers and Broker Review sections provide all the information you need to know before selecting a broker.
Our expert reviews examine the pros and cons of several of the world’s leading brokers, so you can directly compare on the points that matter – from the minimum deposit, to the maximum leverage and bonuses.
Forex Brokers
About the Daily Forex Journal
DailyForexJournal is the premier destination for global professional and retail traders to access a wealth of free trading resources.
Here you can check out exclusive blog content on a range of topics, from educational and informative pieces to broker reviews.
You will also be able to keep track of the latest forex news so you can remain up to date with market developments and become a master.
To world of trading can appear somewhat daunting to those starting out in the industry, but it does not have to be this way. DailyForexJournal is the perfect companion for both aspiring and experienced traders alike.
The content found on the website has been specifically curated to provide the very best coverage of all matters forex.
We hope you enjoy making the most of everything DailyForexJournal has to offer – we have the markets covered.
What are Forex Brokers?
A forex broker is a financial services company that operates as an intermediary between a trader and the market. Brokers essentially provide access to a platform that involves the buying and selling of currencies.
There are many hundreds of forex brokers in operation around the world. Some are more established, while others are either newly formed or rebranded. It can be a difficult choice for a trader to decide which broker to place their trust in and open an account.
At DailyForexJournal we make this choice easier for you. We outline everything you need to know before you open an account, from the minimum deposit to the bonus to the trading platforms on offer. We analyse the brokers, so you don’t have to.
What is Forex
Forex stands for foreign exchange and is where various world currencies are traded with one another with the aim of making a profit from changes in their value. For example, a trader can swap US dollars for euros.
The forex market is an electronic network of banks, brokers, institutions and individual traders, who mostly trade through brokers or banks. It is the largest and most liquid market in the world, with trillions of dollars changing hands every day, and is made up of experienced traders as well as beginners.
To find out more about what forex is, check out our insightful blog posts.
The Forex Market
The forex market is a global decentralised network of institutions that facilitates the trading of currencies 24 hours a day, 5 days per week. It represents the largest financial market in the world and is even bigger than the stock market. Currencies are traded worldwide across the major financial centres spanning many of the world’s time zones. Key trading centres include London, New York, Tokyo, Frankfurt, Hong Kong, Singapore, Paris and Sydney.
There are many hundreds of forex brokers in operation around the world. Some are more established, while others are either newly formed or rebranded. It can be a difficult choice for a trader to decide which broker to place their trust in and open an account.
Before trading the forex market, it is important that you understand the basic features before you delve into the complexities of how it operates. Remember: an educated trader is a better trader.
To gain further insight, check out our feature article where we take a closer look at the forex market, from its origins to its current features.
