Broker Forex List: Choosing An Online Forex Broker The Smart Way

January 4, 2013 by  
Filed under Online Forex Trading

Online Forex
by Tradingrichmom

With so many best online forex brokers available on the Internet, it is impossible for dealers, individual traders of investor groups to research each before deciding on a broker. As such, there are many sites that now take on unbiased reviews of the top brokers in the Internet. Their reviews are quite in depth and often have personal trader reviews as well as professional analyses of their services.

Have a look at www.bestonlineforexbrokers.com for great reviews and lists of brokers. These sites can be a great way to defend against fraudulent broker services in addition to making a great match between you and a broker—an ideally long-term relationship. One of the first things to consider with these sites is which categories they are using to review the brokers; these sites give important details that must be understood according to your trading needs:

Country of Broker Activity. Depending on your country, there are tax laws and stipulations that can make trading with certain brokers a bit complicated. Additionally, the currencies available to fund your account must match that which you will use. As the Forex market spans globally, so do brokers and the laws of their country that govern their activities and trading.
Leverages. Each broker provides a different maximum leverage ratio, this is important for those who focus their trading style on placing trades with ratios from 500:1 and above.
Pips Spreads. The difference between the ask price and the sell price can be a large percentage of the trade itself. This being the case, finding a site that lists decent pips spreads for each broker is important for any trader.
Customer Service and Support. Broker lists should have current reviews of how the brokers responds and reacts to trader and investor questions and issues. A main problem that many traders and investors have their brokers is that they do not feel supported in times of confusion regarding the site, platform, costs of trading or understanding the data as it is presented.
Minimum Account Deposit. Almost all brokers have a minimum deposit amount for investors to begin making trades. The broker lists should have this information available so you can rule out those brokers that are out of your budget range.
Broker Ratings. The broker lists often have a rating that judges on the user reviews and many other factors including the above-mentioned list. www.forex-rating.com has a great voting system to peruse. This is important not only to give to an idea of how others feel about the broker, but also to see that broker is popular and established enough to have user reviews.
Minimum Position Size. With all of the information available considering the Forex environment, micro-trading is a legitimate approach. This means that the minimum amount that one must trade can be quite small. This is often overlooked, but it is an important factor when looking at Forex broker lists.

The process of finding broker forex list can be difficult, but certain sites make it easier to narrow the playing field. When taking these factors into account, you can immediately rule out certain brokers, find one who suits you and start trading.

Learn how to choose the best online trading forex brokers available in the web..

Online Forex Trading Platform – Strategies For Choosing A Best Online Forex Trading Platform In Less Than 30 Minutes

August 30, 2011 by  
Filed under Online Forex Trading

Online Forex
by Tradingrichmom

Online Forex Trading Platform

Let me start with this analogy, before making any major investment in your life like buying a house or a new car

You first have to do research. You can also hire a professional to do research for you in order to make an informed investment decision. What is the forex broker? A forex broker is a company that buy/sell trades for orders according to the traders decisions and charge commissions for their service.

My seven tips for choosing a best online forex broker.

1: I am a big fan of Metatrader 4 forex trading platforms because 65% of online companies proves this types.

Metatrader platforms gives traders a choice to either place their trades automatically using their own preferred expect advisors better known as trading robots or trade place their trades manually.

2: Use a broker which is registered with NFA better known as national futures association or any regulating body in the country that your broker `s main offices are placed. This is very important as you want to do business with a trust worthy company.You do not want to woke up one day and find that your broker has filed for bankruptcy. Online Forex Trading Platform

3:Check better business bureau to see if any complain has been filed against your forex platform you are busy reviewing.If any check how well or bad did the broker handle the resolution.

4:Trust with your broker is always establish over time,therefore use common sense.It is wise to deposit a small amount of money at first.You will increase your investment capital over time if you treated professionally.

5:Is your broker offer both demo account and real trading account? If he only offers only real account look for another broker which is offering both. The advantage of a demo account is that you will use the trading platform for free while learning how to trade without risking your hard earned money.You will use this also when testing a new trading system you just bought or developed.

6:do you receive legitimate correspondence in the form of e-mails from your broker?Are your concerns and questions handle approximately?

7:is your broker offering a fixed or variable spread? What is the spread during volatile market times? For clarity a spread is a price difference between bid and ask price.

Lastly knowing the right questions to ask and doing the necessary research will increase your chances of choosing the right broker for you. Also check out forex broker reviews sites. I hope the article has been useful to you. Those who want to short cut the search you may click here for popular forex brokers I personally use. Online Forex Trading Platform

Related Online Forex Articles.