Wednesday, April 7, 2010

10 Things to Consider When Choosing a Forex Broker

1 Regulation: Because there is no medium of exchange forex market itself in a mess, but forex broker reputation is limited if the commission forex trading in the United States will be registered as a Futures Commission Merchant (FCM) with the Commodity Trading Futures Commission (CTFC) and member of the National. Futures Association (NFA) NFA registered brokers are listed on the NFA website. 2 The first deposit: Ideally, you should look for companies that want low-down effect to l? Deposits for micro or mini account must be from $ 100 - $ 500 deposit for a regular account from $ 1000 - $ 5000 or more if you have a minimum deposit that you do not want a small amount too late to start. that your account will be depleted after a few losses. Only call? you can risk. 3 Distribution: The distribution difference between bid prices and ask how forex brokers make money. Natural that the lowest spread dissemination of the most traded currencies in general are 3-5 pips for agents to spread over the editing parameters for the market volatility to adjust. Distributed variables negatively affect your trading and may take you away from the market by pressing a command button to stop your premature 4 currency pairs: depending on the agents that most liquid currency trading the U.S. dollar and Japanese yen (JPY), Euro (EUR) British Pound (GBP) Swiss Franc (CHF) Canadian Dollar. (CAD), New Zealand dollar dollar (NZD) and Australian? (AUD). 5 Lot Size: When a new share trading, then you will have a minimum size needed is very small in the size of Micro accounts 1000 accounts is very small account of $ 10,000 and more normal size of $ 100,000. Updated 6 Leverage: Leverage can be a lot of spending a little money in your account to manage trade. Discover the power brokers at 100:1 - 400:1 Many brokers allow you a lower leverage ratio to choose, is 20:1 to reduce your risk. But also reduces the profit potential of your total trade. Even if you do not have the force of a higher rate r 100:1 - 400:1 use is a very good choice. 7 Trading Platform: commercial software should be simple and easy to use with many technical analysis tools. Always use the trading platform of the station test using the free demo account to familiarize themselves with the work on trade with real money. Do not be a commercial software agents difficult to use or not easy to place units. 8 Customer Service: currency markets that are open 24 hours a day you forex broker should be able to broker your time of day or if you have questions about an order or having trouble finding words, etc. Buy a few of the brokers from trading on the forum itself, a big plus. 9 Withdrawal of Head: Although most brokers are all the same method of accounting, capital and withdrawls use the property for a broker easy payment of your account and withdraw money with a credit or debit card. Taking Credit Card Debit / withdrawls are almost immediately and quickly (usually 1-2 days) than waiting for money to pass inspection. 10 reputation: You can research brokers, forex forex aboard as plants Forex Instead of focusing on the opinions of individual look good or bad for a survey of people's feelings about brokers paticular one experienced bad does not mean that broker is not trusted. When in doubt, please comment and ask questions about the agency you are considering any. Forex broker choice is not necessarily hard to find if you know these things to think 10 to choose a forex broker to help you choose the right broker for re you.1? Ls: Because there is no central exchange, forex market itself is. regulations, but forex brokers reputation is maintained if the forex broker in the United States will be registered as a Futures Commission Merchant (FCM) with the Commodity Futures Trading Trading (CTFC) and member of the National Futures Association (NFA) NFA registered estate. listed on the NFA website. 2 The first deposit: Ideally, you should look for companies that want low-down effect to l? Deposits for micro or mini account must be from $ 100 - $ 500 deposit for a regular account from $ 1000 - $ 5000 or more if you have a minimum deposit that you do not want a small amount too late to start. that your account will be depleted after a few losses. Only call? you can risk. 3 Distribution: The distribution difference between bid and ask prices and how forex brokers make money. Natural that the lowest spread dissemination of the most traded currencies in general are 3-5 pips for brokers who offer variable distribution will spread over the market volatility adjusted. Distributed variables negatively affect your trading and may take you away from the market by pressing a command button to stop your premature 4 currency pairs: depending on the agents that most liquid currency trading the U.S. dollar and Japanese yen (JPY), Euro (EUR) British Pound (GBP) Swiss Franc (CHF) Canadian Dollar. (CAD), New Zealand dollar dollar (NZD) and Australian? (AUD). 5 Lot Size: When a new share trading, then you will have a minimum lot size must be a minimum lot size Micro account 1000 account of a small regular account and $ 10,000 of the $ 100,000 lot size. Updated 6 Leverage: Leverage allows you to apply to only a small amount of money management in your trading account. Discover the power brokers at 100:1 - 400:1 Many brokers allow you a lower leverage ratio to choose, is 20:1 to reduce your risk. But also reduces the profit potential of your total trade. Even if you do not have the force of a higher rate r 100:1 - 400:1 use is a good option. 7 Trading Platform: commercial software should be simple and easy to use with many technical analysis tools. Always use the trading platform of the station test using the free demo account to familiarize themselves with the work on trade with real money. Do not be a commercial software agents difficult to use or not easy to place units. 8 Customer Service: currency markets that are open 24 hours a day you forex broker should be able to broker your time of day or if you have questions about an order or having trouble finding words, etc. Buy a few of the brokers from trading on the forum itself, a big plus. 9 Withdrawal of Head: Although most brokers are all the same method of accounting, capital and withdrawls use the property for a broker easy payment of your account and withdraw money with a credit or debit card. Taking Credit Card Debit / withdrawls are almost immediately and quickly (usually 1-2 days) than waiting for money to pass inspection. 10 reputation: You can research brokers, forex forex aboard as plants Forex Instead of focusing on the opinions of individual look good or bad for a survey of people's feelings about brokers paticular one experienced bad does not mean that broker is not trusted. When in doubt, please comment and ask questions about the agency you are considering any. Forex broker choice is not necessarily hard to find if you know these things to think 10 to choose a forex broker should help the agency that works for you choose.

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