CHOOSING THE BEST BROKER

      You already know the various parameters that define the

the quality of a forex broker. Well, now I will give you

Summary of how to choose the best broker that operates

abroad:

-Must be registered with the CFTC regulation of the huge country,

NFA, FSA, and ASIC (could be one).

-Already stand at least 5 years.

Physical offices/headquarters there in great State.

-Have a Trading Desk phone number. Phone number

This is used to conduct transactions via the phone when

problematic internet connection or there are other problems

-Select a Non Dealing Desk broker (ECN, DMA, STP)

Large broker-usually only use two ways to

deposit and Withdraw, namely via credit card or

bank transfer. For bank transfer, do not allow

transfer through a third party, because ' for factor

Security and legality of money. A direct transfer is intended

the brokerage firm is concerned. There is no

setor options or pull funds with virtual money, vouchers

and leave the transfer with other parties.

-Provides flexible transaction Volume ranging from

Micro, Mini up to Regular (trading 0.01 can

up to above 1.0, 0.1 lot). This is to facilitate the

You set up money management.

-Allow all kinds of trading techniques, including

scalping, and others.

-The provided Leverage from 1:100. But also

Don't be too large as 1:1000.

-Spread must be reasonable. Don't be tempted to spread

fixed that too low, because it spreads in the money market

the original is not possible anyway. Iika offers

fixed spreads, a reasonable Search, usually ranges from 1-2

most low pips. However normal brokers

take advantage

Now of course you already know which forex broker

the best. However, they usually require a deposit

big enough. What if our finances are limited?

In principle, we should avoid broker type

Dealing Desk. However, if our only possibility brackets tight money

the option is that we can get.

     I suggest if you're just starting out forex trading,

no problem try trading in brokerage second class. Usually in the

such easy to broker listing. As Long As You

just put a little money in the broker, not usually

There are barriers, secure-safe only. If there is a problem, for example

the brokerage went bankrupt, the missing money is not too large. As

the range, if your money under 1000 USD possibilities still

secure using the two-class broker. Above these values,

It is recommended to use a better broker.

      If your money has been developing, or already

steadily becoming a professional trader, you can switch to

a better broker.