There are so many
forex brokers company that offer you their services. Here is some important tips to start with:
1. Look for reliable one. Forex brokers company with good reputation should always come with their proven legal consent. Means, for example in US they must have Futures Commission Merchant (FCM) with the Commodity Futures
Trading Commission (CFTC) approval as protection against fraud or abusive
trade practices.
2. Services and support must be available and
easy to reach.
3. Commissions and fees. Find the lowest one. A lot of forex brokers companies also offer free commissions and fees.
4. Spreads. The spread between "buy" and "sell". Look for the lowest one to ease your trading and gain more money.
5. Trading
platform. The easiest trading platform to use is Meta Trader. The trading platform will determine how you can use the technical analysis. Meta Trader offers a good chart and easy to use.
6. Deposit and withdraw. Payment processors are very important. You want to deposit and withdraw your money easily right? Find the most suitable company that offers you flexibility. It’s very easy for new Forex trading investors to get taken in by some sort of Forex scam or another. This can include just about any idea under the sun that scammers can come up with. Usually the realm of Forex scams can include, software and e-books that ‘guarantee’ a profit in the Forex market, general false advertising, and even those with fake sites that just take your money and disappear. Choose the company carefully. Finally, to wrap up all those things I wrote, here is some brokers I suggest:
1. Easy-Trade - http://
www.easy-trade.com/Gateway.aspx?gid50302
2. Oanda - www.oanda.com Best known in US for its services and reputation. The minimum to start is high.
3. North Finance - www.northfinance.com I use this currently. You can start with minimum account (US$ 100) and the spreads are small. Support available live and you can deposit and withdraw easily.
4. Marketiva - www.marketiva.com It''s booming currently and they have a very nice trading platform. Once you sign up you will get $5 free and you can trade it as live account (not virtual). Yet, there''s so many debates and discussions on marketiva activity and legal consent.
5. Saxo Bank. - www.saxobank.com Reliable and well known for its reputation. The minimum account opening is $2,000. For complete brokers list, go to: www.forex-broker.net or www.forexlist.info For more details about forex market, go to: www.babypips.com
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