Trillions of dollars are zipping around the world 24 hours a day, five days a week in the foreign exchange (forex, or fx) markets. These are the world’s largest, most active financial markets, where fortunes can be made and lost very quickly. The key to success in these markets is to find a suitable trading timeframe, adopt a disciplined trading style and avoid over-leveraging.

While best forex trading brokers directly by going to a currency exchange, brokers simplify the process by offering leverage that allows your capital to go further. In addition, good forex brokers will offer educational resources and unique tools to support your trading.

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When choosing a forex broker, make sure it is regulated by a reputable authority. Regulated brokers are required to follow strict rules designed to protect their clients’ funds. They also must segregate client funds from their own operational capital. To check a broker’s regulation, visit Forex-focused websites such as Babypips or CompareForexBrokers.

For beginner traders, look for a forex broker that offers a user-friendly platform, educational resources and a demo account. Also, choose a broker that offers low minimum deposits and responsive customer support. Finally, look for a broker that offers unique features such as IC Markets’ Razor Account which provides raw spreads starting at 0.0 pips plus commission with deep liquidity and no requotes. This unique feature sets IC Markets apart from the competition as it is geared toward high-frequency, algorithmic currency traders.