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  1. #1
    Kevin Pietersen
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    How to find a Good Forex broker?

    1) Financial Regulation Authority:

    If an online Forex broker is causing some corner over the legality of their trading methods or if in fact every trader need to know if a FX broker is legal, then just look online for a local governing office for financial regulation. They will direct the trader to the right offline, online and, if the Forex brokerage is not listed, then the company is scam. In addition, it will just take the investment and finally collapse, leaving all investor with nothing. So, we should go with only regulated Forex broker.

    2) Practicing Demo account:

    A good online Forex broker definitely will offer a demo trading account. This is an account for the Forex trader to get to get used to the software programme of that company, will be a certain amount of virtual money. This is what the new trader can start their trading profession without investing money, just to get a feel for the market and the trading platform, without the risk of losing any money by trading.

    Not an important aspect in the search for a broker. But, the registration from that needs to be filled in online will only take around 5 to 10 minute to fill in. In addition, after that trading can begin. Now days, some good brokers also provide enough educational instruments for helping new Forex traders. Like, Video Tutorials, Trading Guide, Forex eBook, Free Training Courses.

    * In addition, a good broker must provides-
    - Excellent order execution.
    - Minimum floating spreads without additional fees.
    - Has best equipment and software of significantly reduce the likelihood of technical errors.
    - Automatic transaction system (funding and withdrawing).
    - Flexible deposit and withdrawal funds.
    - No hidden fees.

    So, when you will ensure this kind of facilities in your demo, then you can use their live trading service. By the way, what’s your expectation from your broker, please?

  2. #2
    Senior Trader
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    Basically, to find a good broker you can ask traders you know as professional. But, then sooner you will see it for yourself by doing research such as the Forex brokers reviews as well as check the different forums that discuss about Forex brokers and which are they currency use One more thing is that better to have the old Forex broker or popular Forex broker.

    Thus, a new Forex trader should not try to have the new Forex broker and non regulated trading broker. I suggest to have PCM trading broker for newbie’s because of especial educational facility. Besides, it’s the best platform for scalping.

  3. #3
    Junior Trader
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    Frstly you must see their regulation, and where it regulator made, then you must try the service (server fndamentally), and the last is the customer service, if they have professional customer support,, the the broker are absolutely recommended to work with them. I have been trading with CMTrading for last 8 months and I have no negative words to say about them. Withdrawals are so fast and support is fabulous
    Last edited by Steve nison; 10-20-2015 at 11:52 AM.

  4. #4
    Junior Trader
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    Very difficult to find broker with nice spreads. As practice show, if they publish narrow spreads in their specifications, it does not mean that you will be trade with such spreads. I was pretty surprised when began to trade with CMTrading. they really give very tight spreads for trading. It does not meant that it is great broker for scalpers, it means that it is great broker at all. Tight spreads is a fat purse with cash.

  5. #5
    Junior Trader
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    No deposit bonus
    Welcome to the Forex Company!
    We are glad to see you on the secret page of the promo, which is hidden from most of traders! Here you have a unique ability to get a size-record no deposit bonus $1 000.

    Why are we ready deposit into your account such a huge amount?

    We are sure in the superiority of all our services and want you to make sure on your own!!


    Register through
    Last edited by Moderator; 05-18-2016 at 12:36 PM.

  6. #6
    Senior Trader
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    A good trading broker is a very much important parameter here! No one can success here without a good trading broker. Good means, which broker provides 100% capital security with all of latest trading facilities and features! Unfortunately, market maker brokers are available here and there! By the way, I seem Forex broker’s review sites can play an important role here! I see, there have many comments are there; so new traders can pick their trading platform according to the trader's review!

  7. #7
    Banned
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    You can do Google searches to find Forex brokers, but this method might not tell you much about the brokers themselves. Make sure to read all the reviews and try demo accounts to make sure you're comfortable with a broker before committing a large sum of money to an account.You can read more about different brokers here: http://www.wvwv.org/forex-brokers/fo...s-ranking.html

  8. #8
    Trader
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    The good broker should have a good reputation first as this is very important because the reputation comes from the experience of the traders with this broker and so the good reputation means that broker is good and offer good conditions for the trader to trade smooth and make money, the good broker offer good platform that open and close the trades quickly without delay and should not have requotes and so it should not hit the stop loss, the good broker should also has a good customer service and so they can solve any problem for the trader and help the trader always and so this will makes trading more comfort for the trader and let him to trade with relaxation and makes money easily and continuously.

  9. #9
    Junior Trader
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    Thank you so much for this. I'm new and this information is very useful!!!

  10. #10
    Trader
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    Actually Forex trading is a risky business, But if you have proper knowledge and perfect brokers then you will gain success in forex trading. But for newbie first need to know what is real Forex trading.

    What is a Forex Trading and How does it work?
    Foreign exchange market, Forex or FX is a global decentralized or over-the-counter market for the trading of currencies. This market determines foreign exchange rates for every currency. It includes all aspects of buying, selling and exchanging currencies at current or determined prices. In terms of trading volume, it is by far the largest market in the world. The main participants in this market are the larger international banks. Financial centers around the world function as anchors of trading between a wide range of multiple types of buyers and sellers around the clock, with the exception of weekends. The foreign exchange market works through financial institutions and operates on several levels. Behind the scenes, banks turn to a smaller number of financial firms known as dealers, who are involved in large quantities of foreign exchange trading. Most foreign exchange dealers are banks, so this behind-the-scenes market is sometimes called the interbank market. Trades between foreign exchange dealers can be very large, involving hundreds of millions of dollars. Trading from 22:00 GMT on Sunday (Sydney) until 22:00 GMT Friday (New York).
    According to the Bank for International Settlements, the preliminary global results from the 2019 Triennial Central Bank Survey of Foreign Exchange and OTC Derivatives Markets Activity show that trading in foreign exchange markets averaged $6.6 trillion per day in April 2019. This is up from $5.1 trillion in April 2016. Measured by value, foreign exchange swaps were traded more than any other instrument in April 2019, at $3.2 trillion per day, followed by spot trading at $2 trillion.

    And then you need to know what is Forex brokers and How does it works?
    What is a Forex Broker and How does it work?
    There are 3 types of forex brokers:
    ECN Broker
    MM broker
    STP broker
    ECN means Electronic Communications Network (it is a network) Within this network the broker collects the prices of several liquidity providers such as banks, or financial institutions and always selects the best prices to offer them to its customers. Broker ECN offers real market conditions offering its customers the possibility of operating under the same conditions as banks and other large companies. Spread are lower offering Market Makers or STP brokers. There are no conflicts of interest with its customers. Transactions in ECN are performed as instant execution, that is, without any delay.
    Market Maker are the brokers that create their own markets and conditions, which means that prices do not enter directly from banks etc. Virtually every 1 of 3 brokers is Market Maker. They offer spreads a little higher than ECN or STP.
    STP is by Straight Trough Processing. They work more or less like ECN, sending all transactions directly to the market. STP brokers always increase the spreads offered by liquidity providers and this is their benefit. There are no conflicts of interest with its customers. STP brokers offer to carry out transactions as Instant execution, without any delay. Operations always go to the foreign exchange market, liquidity providers, banks or financial institutions. More about Forex trading for the beginners.

    I hope you understand.
    Thank you.

  11. ARIONFORXtarder
 

 
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