Forex software programs are available for forex trading. They may claim their programs can let you know when to make trades. But no person or program can ever accurately predict movements in foreign currencies.

Be wary of companies promoting a particular product that gives you access to better exchange rates or easy money. They may let you trial their trading platform for free at first. This is usually just a teaser for you to buy the software or platform.

Any provider offering an add-on service like software, trading robots or seminars must hold an appropriate AFS licence or authorisation from an AFS licensee for the service. Before you use a service like this, check they are licensed or authorised through ASIC Connect’s Professional Registers.

A basic FX trading course or seminar won’t give you enough information to start trading.

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