michel Posted June 27, 2018 Share Posted June 27, 2018 Before venturing into trading, the first step should be to find a competent broker. That you know about put and call options doesn’t make you a pro, which is why seeking professional assistance from a brokerage company is necessary. Besides acting as a bridge between you and the market, the company also contributes to you getting the most out of your trades in real time. You benefit from many things including professional tools like indicators, signals, graphs and more so, expert advice. The popularity of trading has grown over the years, and today, you will get a wide variety of brokers with a simple Google search. In effect, this has made choosing the best broker a challenging task for many people, especially those who are doing it for the first time. The good news is that there are a few things that you can look for to know that you are dealing with the best in the business. Better yet, you won’t have to look for them farther. Top 5 things to look for when choosing a good broker The broker’s reputation The first thing that should come up naturally when conducting your research is the reputation of the broker. How many people have they helped to trade? How many do they manage at the moment? Can their previous clients speak of good things about them? The reputation of the broker that you choose to use will determine how well your investment is managed as well as the possibility of getting what you deserve. So be sure to check that the broker has a good history with its clients and if you can get in touch with some of its clients; even better. Professional Trading Tools and Features The difference between using a broker in your real-time trading and not using one include among other things the tools and features that they offer. These are aimed at making your trading more efficient and productive. They are supposed to help you to make the most when the market goes up and help cut loses when the market goes down. As such, a good broker should have effective tools and features to help you maximize your profits and tame the loses, but if they offer anything less than that, you better look for another one – they are many after all. Terms and Conditions The mistake that many people commit when looking for a broker is getting carried away by the good words most of them use and forget to read the fine print. They say the devil is in the details and you want to be sure that you are acquainted with everything before putting the ink on paper. For this reason, take your time and go through the terms and conditions, noting the benefits that you are liable to and how the loses are handled. A good broker will have its terms and conditions well-laid out in a simplified and straightforward manner to make sure that you understand. Be sure that you seek clarification when you need any. Demo Account Whether you are a seasoned trader or a beginner, a demo account comes in handy in understanding how your broker operates. This includes the ease of calling and putting as well as the effectiveness of the professional tools that they offer. This allows you to taste the waters before actually being part of it, and if you think that the platform is way better than those that you have tried before, then you probably will have found your broker. It is a red flag when the broker doesn’t have a demo account. While it is not easy to find any without a demo account, it is good to ensure that it is offered. Customer support So, you have been trading, and sometime in the night, your platform fails you. You try calling in, but no one picks your cal. Worse yet, they pick, and they offer more problems than solutions. What do you do? Another critical thing to look for in a good broker is the quality of customer support that they provide. To be sure, contact them and have them solve an issue that you have. If you are satisfied with how they not only handle the query but also how they treat you, you may want to consider. #Source: https://www.fxdailyinfo.com/forex-brokers/reviews 1 Quote Link to comment Share on other sites More sharing options...
maryrosie Posted October 16, 2018 Share Posted October 16, 2018 Thank you for the 5 issues you have put out, I will try to apply it to find the perfect broker! hole io Quote Link to comment Share on other sites More sharing options...
bearhugs Posted November 5, 2018 Share Posted November 5, 2018 Not all brokers are perfect. Some broker will suits your trading and few will not. You have to select one as per your knowledge of trading. I have selected LMFX for my trading so that I can learn with their free demo account. Quote Link to comment Share on other sites More sharing options...
uncle gober Posted November 13, 2018 Share Posted November 13, 2018 Brokers are an important factor in the success of a trader. therefore think carefully when going to choose a broker, pay attention to the advantages and disadvantages of the broker. don't just choose a broker that provides comfort in trading, but choose a broker who provides support to traders in successful trading like Tickmill. Quote Link to comment Share on other sites More sharing options...
Namu Posted November 22, 2018 Share Posted November 22, 2018 facilities from brokers an important role for the smooth running of traders, so we must be better at choosing brokers, and my friends have also tried trading with Forexmart brokers but spreads are so wide, it is not suitable for him Quote Link to comment Share on other sites More sharing options...
moneyrig Posted November 23, 2018 Share Posted November 23, 2018 Forex brokers are here for business. Providing trading platform for traders is not an act of hospitality; there is a fee attached to every transaction you make. So before choosing a broker, consider yourself as a client and think of what you service and features you actually want. How much fee are you willing to pay and the payment method you are comfortable with. Know what kind of trader you are and find out if the broker's platform will be suitable for you. Talking about hospitable brokers, there are some that provide welcome bonus to new traders. Instaforex gives up to $500, but you must deposit half of the money before you can even think of withdrawing (impossible to withdraw profit made even). The only benefit is that you can use it to test the broker's features. Another broker that offers welcome bonus is ForexChief; they offer $100 free. It's the best I have ever used, since I was able to withdraw my profits instantly. The point of all this is that all brokers should offer these kind of bonus so that we traders can test their features before depositing. Quote Link to comment Share on other sites More sharing options...
JaneBayu Posted November 23, 2018 Share Posted November 23, 2018 Before venturing into trading, the first step should be to find a competent broker. That you know about put and call options doesn’t make you a pro, which is why seeking professional assistance from a brokerage company is necessary. Besides acting as a bridge between you and the market, the company also contributes to you getting the most out of your trades in real time. You benefit from many things including professional tools like indicators, signals, graphs and more so, expert advice. The popularity of trading has grown over the years, and today, you will get a wide variety of brokers with a simple Google search. In effect, this has made choosing the best broker a challenging task for many people, especially those who are doing it for the first time. The good news is that there are a few things that you can look for to know that you are dealing with the best in the business. Better yet, you won’t have to look for them farther. Top 5 things to look for when choosing a good broker The broker’s reputation The first thing that should come up naturally when conducting your research is the reputation of the broker. How many people have they helped to trade? How many do they manage at the moment? Can their previous clients speak of good things about them? The reputation of the broker that you choose to use will determine how well your investment is managed as well as the possibility of getting what you deserve. So be sure to check that the broker has a good history with its clients and if you can get in touch with some of its clients; even better. Professional Trading Tools and Features The difference between using a broker in your real-time trading and not using one include among other things the tools and features that they offer. These are aimed at making your trading more efficient and productive. They are supposed to help you to make the most when the market goes up and help cut loses when the market goes down. As such, a good broker should have effective tools and features to help you maximize your profits and tame the loses, but if they offer anything less than that, you better look for another one – they are many after all. Terms and Conditions The mistake that many people commit when looking for a broker is getting carried away by the good words most of them use and forget to read the fine print. They say the devil is in the details and you want to be sure that you are acquainted with everything before putting the ink on paper. For this reason, take your time and go through the terms and conditions, noting the benefits that you are liable to and how the loses are handled. A good broker will have its terms and conditions well-laid out in a simplified and straightforward manner to make sure that you understand. Be sure that you seek clarification when you need any. Demo Account Whether you are a seasoned trader or a beginner, a demo account comes in handy in understanding how your broker operates. This includes the ease of calling and putting as well as the effectiveness of the professional tools that they offer. This allows you to taste the waters before actually being part of it, and if you think that the platform is way better than those that you have tried before, then you probably will have found your broker. It is a red flag when the broker doesn’t have a demo account. While it is not easy to find any without a demo account, it is good to ensure that it is offered. Customer support So, you have been trading, and sometime in the night, your platform fails you. You try calling in, but no one picks your cal. Worse yet, they pick, and they offer more problems than solutions. What do you do? Another critical thing to look for in a good broker is the quality of customer support that they provide. To be sure, contact them and have them solve an issue that you have. If you are satisfied with how they not only handle the query but also how they treat you, you may want to consider. #Source: https://www.fxdailyinfo.com/forex-brokers/reviews very detailed answer, thanks for your time! Quote Link to comment Share on other sites More sharing options...
Ariel Dala Posted November 26, 2018 Share Posted November 26, 2018 My way is to look for regulation and their reputation. Once you are sure about this, then everything else is fine. I am working with FreshForex for years now, and the obvious logic to work with them was their reputation, which is stunning. They are servicing in the industry since last 12-13 years, and have won endless awards due to their achievement. And further, the facilities available are equally cool, especially to do with low spreads, bonuses, instant payments and much more. Quote Link to comment Share on other sites More sharing options...
Namu Posted December 2, 2018 Share Posted December 2, 2018 with a good demo account in every trade that we have to pay attention to is learning to manage and control the trading better, and indeed what needs to be done is to learn and try well to be more profitable with the FreshForex broker Quote Link to comment Share on other sites More sharing options...
bearhugs Posted December 14, 2018 Share Posted December 14, 2018 The amount of Forex brokers is great and the competition on the market is severe. This is why Forex is such a competitive market, which requires brokers to supply the best possible terms to their clients. Quote Link to comment Share on other sites More sharing options...
Gee Dee Posted December 15, 2018 Share Posted December 15, 2018 If the importance of a medium can be said in one sentence, then I will say that “Broker is the most important element for retail, small scale forex traders”. In the present time, broker is not only the trading platform but also the professional guidelines for the foreign currency exchange traders if the broker is reliable and regulated. And thereby, a trader must select his broker after analyzing all aspects. Quote Link to comment Share on other sites More sharing options...
bearhugs Posted January 8, 2019 Share Posted January 8, 2019 The first step is to choose a trusted broker who provides a demo account. Now plan a proper strategy and execute it in the demo account. Very important thing is risk management in forex. Quote Link to comment Share on other sites More sharing options...
uncle gober Posted January 21, 2019 Share Posted January 21, 2019 we will be greatly helped to be able to run our trading activities well if we can choose the right broker that provides what we need well. if I choose to run trading with Tickmill because there are many benefits that I can get. Quote Link to comment Share on other sites More sharing options...
Namu Posted January 25, 2019 Share Posted January 25, 2019 First of all, you will be confused in choosing a trusted broker, like the first time I also chose broker brokers like FXCM, HotForex, Ayrex etc. because the experience began to increase now I can trade consistently with FreshForex Quote Link to comment Share on other sites More sharing options...
bigxy Posted January 27, 2019 Share Posted January 27, 2019 Only one tip, choose the brokers which are among the most reputed brokers in the past. Otherwise there are many examples where even regulated brokers turned into scam overnightly. Quote Link to comment Share on other sites More sharing options...
pipdmt Posted January 28, 2019 Share Posted January 28, 2019 In my opinion, A good broker needs to have very low spreads or commissions, or both. At least, thats what well known brokers such as FXCM, FreshForex and other are know for! Quote Link to comment Share on other sites More sharing options...
earnmaster Posted January 30, 2019 Share Posted January 30, 2019 Before trading in Forex one need to have through knowledge about forex market i.e. how it is run, the politics behind every currency. Too much rely on brokers can make things pretty tough to earn. Must learn technical analysis before jumping into trading. Quote Link to comment Share on other sites More sharing options...
Trueman Posted February 4, 2019 Share Posted February 4, 2019 If we talk about cryptocurrency from a neutral side, then I think that this is progress in the financial sphere. I am not a miner and not a trader, but my friends and close to me people, earn on this currency a lot of money. I know that thanks to various services like bitcoin mixer, this currency is hard to track down and thus it is safe. Quote Link to comment Share on other sites More sharing options...
pipdmt Posted February 12, 2019 Share Posted February 12, 2019 you need to look at how long the broker has been in he forex market, regulation and spreads are very significant. Brokers such as Oanda, FreshForex, FXCM are established brokers. Quote Link to comment Share on other sites More sharing options...
Ariel Dala Posted March 9, 2019 Share Posted March 9, 2019 My preference with any broker is for safety and security, and that’s exactly what I get with FreshForex, since they not only are properly regulated but also in the industry since last 13-14 years, and easily is amongst one of the OLDEST companies out there. And more so, the features are simply mind boggling. My favourite part is their 200% deposit bonus, which makes trading so exciting in every term. Quote Link to comment Share on other sites More sharing options...
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