1. Selecting Your Forex Broker
A good Forex broker could make a huge difference in your success. This article will help you select
the best broker available.
Join online Forex communities and ask traders which brokers they use. You can also find the most
popular brokers through search engines. Read carefully through the official websites of different
brokers and pay attention to the terms and conditions and to anything written in small print. Find out
how long a broker has been around and whether or not this company has a good reputation. Choose
a broker that has been around for at least a few years and that other traders have recommended to
you.
Compare prices before you make your choice. You need to find out how your broker makes money so
you know what to expect. Most brokers charge for opening an account and some charge you a few
cents for every transaction through spreads, which correspond to the difference between the bid price
and the asked price. Leverage rates are also a very efficient way to make money for a broker: you
can borrow a certain amount of money from your broker and use it for trading. You have to pay this
money back, whether your investment is successful or not. Brokers also make a lot of money through
bad investments. It is estimated that 95% of traders lose money on the long run and brokers take
advantage of this by trading against 95% of traders.
Look for free trials and demo accounts to get an idea of what a broker software looks like. Familiarize
yourself with the different features. You should be able to easily find the feature you are looking for,
browse the market and keep track of your investment through one simple interface. You should also
pay attention to how often the software is updated and to the speed at which you can perform
transactions. You need to get a fast internet connection so you do miss out on any good investment
opportunities and select a broker with a fast server. If your broker's speed is not optimal, you might
end up losing a lot of money because of the fluctuation between the time you place your bid and
complete the transaction.
Look for a broker with useful features such as statistics or a quick overview of your account. Keeping
track of your results should be easy so you can find out whether or not your trading has been a
profitable activity or not. Some brokers also offer quality training material: look for this kind of feature
if you are new to trading and need help in your searches for investments. A good search feature is
also a very useful advantage. If you can quickly find the best investments on the market, you will be

2. able to place your money before other traders do the same thing and make the price rise.
Take the time to select the best broker available by comparing different companies and software. Do
not hesitate to switch to a different broker if you are not satisfied with yours.
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