subject: Ecn Forex Trading Broker Is The Broker On Your Edge [print this page] The planet may by now have too many Forex brokers by now. The good, the bad and the ugly.
What do you need from a Currency trading broker?
First of all you can't trade currencies without a Forex broker so you need to signup with one for sure. You may desire to diversify and sign up with quite a few. diversifying in Forex trading is an improvement. particularly since smaller accounts are much healthier alternatives for starters. Starters can find out a lot about the ins and outs of the Currency trading game so it is never recommended to start in Forex with more than a couple of thousand US dollars type of account
In today's Forex trading lots of things have tainted for those who live in the united states. US residents are now deprived from the real Forex investing looseness and there are a lot fewer options for US residents when it comes to brokers. All US accounts must be held with US brokers who are forced by US laws to enforce the new trading convention of 50:1 leverage and no hedging or opposite trades on same currency on same account. All while in other part of the world leverage as high as 1000:1 is accessible. Imagine being able to buy a ordinary lot EURUSD with an account that you only put a couple of hundred dollars into. while with your US broker you can hardly move a micro lot with a similar size account.
So lets presume we are not in the USA and we are looking for a Forex broker. First thing we need to look for is if they have the Metatrader terminal offered, once we have an ok on that, we should consider creating a demo account. Most brokers usually let you do that on their website after filling out a little form as a process to capture a lead. No trouble go ahead and supply your email address to download the Metatrader. they usually try to contact you via email and remind about their services.
Once you have your demo account login and setup the Metatrader 4 trading platform on your computer you are ready to encounter Forex trading without risking any genuine cash. You may not need to learn a lot to start trading. Just visit autoforexbody and get their top notch trading robot to start trading automatically on your demo account meanwhile you continue to increase your knowledge of Forex trading and brokers.
Go ahead and get few other MetaTraders from many other Forex account and setup the robot on them, start different sizes of accounts and continue testing brokers for a while. get to chats with these brokers and see how helpful and how they evaluate. take a look at all the demo accounts you started and maybe you can see one or two that executed well and got no errors or missed trades. maybe you should check out your brokers now with small real accounts.
Begin your new year with a Forex account. once more it does not have to be a big one. who knows it could be 10 times bigger by year's end. or if you are not doing it right, it could be nothing. because this is Forex
