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The best forex broker,foreign exchange online,money rates on youtube - Try Out>

Trading platform.  Most brokers will be offering some kind of web based platform or java platform and a MT4 software (metatrader). Trading foreign exchange on margin carries a high level of risk, and may not be suitable for all investors. It can feel like the wild west and if you really want to make a profit out of forex, this is the most important choice you have to make.
This is what attracts most traders, because it is possible to make quick money starting from a small account (100$ for example), but keep in mind you can loose everything also quickly. Sometimes it’s only possible by bank transfer (wire transfer) and that means it takes times and your personal bank will charge you something like 25$ to receive the money. To be honest with you metatrader is not the quickest thing out there (for requotes or slippage for example) but the support is extremely high meaning you have tons of free custom indicators and robots online.
I’ve read (at grabthefx[dot]com) that regulation is the first think to look up in a broker. Basically the broker should offer Live Chat with a person from the trading desk or for your personal account. Before deciding to invest in foreign exchange you should carefully consider your investment objectives, level of experience, and risk appetite.

Of course, I have my own favourite broker right now, which I'm currently using, but a year ago, my answer was different as I was using a different trading technique.
But the foreign exchange market is a quite a bit different, so i wrote down here bullet-points how to choose the best forex broker for you.
So I suggest choosing a brooker who accepts e-payments systems for withdrawal such as alertpay, moneybookers, etc… The transfers should also be automated, meaning they are done within 24h. The possibility exists that you could sustain a loss of some or all of your initial investment and therefore you should not invest money that you cannot afford to lose. You should be aware of all the risks associated with foreign exchange trading, and seek advice from an independent financial advisor if you have any doubts. Some people only care about how low the spreads are; others want a reputable broker that's been around for a long time while others just want a broker that's located in the same geographical area as them. And some traders just want a broker that allows micro trading (trading 0.01 lot sizes), so that they can test out their strategies with real money without going broke!The good news is that with the increased competition facing brokers, overall service quality has improved drastically. All of the brokers on there have been pre-screened to meet certain minimum standards and your money is considered to be safe with them. Although some countries do not have regulatory licensing requirements, many do, and it's generally a bit safer to trade with them than with an unregulated broker.

If it does, then it means that the broker is a "market maker", then it means that every time you lose on a trade, the broker wins, therefore your best interests aren't necesssarily theirs, and vice versa!
Some forex brokers do not allow scalping as it takes more resources on their end to manage numerous small transactions that only last a few minutes (or seconds!). Some brokers offer super low spreads, but they lack other features and benefits, while some brokers have spreads that are considered average but they have all the bells and whistles that your trading style requires.
Managed accounts are great for two reasons: when you're starting out, you may prefer to let others (with a proven track record) do the trading for you. These forex account managers, commonly referred to as signal providers, use different trading techniques, but they always have a track record which you can look over and a description of the type of strategy they are using.
These signal providers get paid through the spread, so there are no added costs (and once you become an experienced and profitable trader, you can become a signal provider yourself, and get paid for providing these very same signals).

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08.02.2014 | Author: admin

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