Forex trading in the US: everything you need to know
Discover how to get started in the world of forex trading. Let’s look at how FX markets work, the currency pairs you can trade, and the strategies you can use.
Forex essentials
Forex is one of the most traded markets in the world, made popular by periods of high volatility and its inherently deep liquidity. While FX tends to be preferred by experienced traders, we’ve compiled this information specifically for beginners.
Live forex prices for US traders
Take your pick from over 80 currency pairs and speculate on their price movements in our award-winning platform*. We offer a wide range of major, minor and exotic currency pairs for you to trade.
Most Popular
| Markets | Bid | Offer | Change |
|---|---|---|---|
| EUR/USD | - | - | - |
| USD/JPY | - | - | - |
| GBP/USD | - | - | - |
| AUD/USD | - | - | - |
| EUR/JPY | - | - | - |
| USD/CHF | - | - | - |
| USD/CAD | - | - | - |
Forex trading strategies you need to know
Technical and fundamental analysis
Analysis can help in the decision-making process for opening and closing positions. Are you more of a technical or fundamental trader?
The foreign exchange market is open 24/5 with no breaks. Learn what times the Asian, European, and US markets are open, and how trading is affected by their overlap.
Learn what draws traders to day trade and potential strategies for managing positions intraday.
Free forex trading resources for US traders
- Forex Focus – Daily educational discussions and market commentary
- Forex Fundamentals – Everything you need to know to get started in forex markets
- Platform Walkthrough – Discover the capabilities and features of tastyfx's proprietary platform
FREQUENTLY ASKED QUESTIONS
Forex is an abbreviation for foreign exchange, which represents the marketplace where currencies from around the world are bought and sold. FX is another term used to refer to forex. When one currency is pegged against another, this is called a forex pair—eg GBP/USD.
Yes, forex trading is risky because it's a highly traded market this is offered on leverage. You should always take steps to manage your risk and understand the product details.
Forex trading requires an intermediate to advanced understanding of how the market works, which tends to put beginners at a disadvantage. That’s why beginners should brush up on their knowledge on the forex market by using our educational resource hub and our demo account. Once they’re confident in their skill, they can advance to the live account.
* #1 Overall Broker, #1 Mobile App, #1 Trust Score, #1 Education, #1 Web Platform are accolades presented to IG, parent company of tastyfx, on January 23, 2024, during the ForexBrokers.com 2024 Annual Awards. Accolades were awarded by the ForexBrokers.com research team based on demonstrated excellence in categories considered important to investors, traders, and consumers. Click here to learn about how they rate brokers.