BROKERS ARE NEEDED
*The best brokers are regulated in their jurisdiction of operation
The Best Forex Brokers
I have been trading forex since 2005 live. I started my demo trading account in 2003 and have traded with so many different forex brokers. My goal is to bring you the best forex information and on this page the best forex broker.
To trade the forex market successfully you require a good education, the best forex broker and the best forex mentor. There are so many forex brokers. The question is how to you identify a good forex broker? So many forex brokers are market makers and they say so on their websites. That simply means they trade against you the trader. If you take a sell trade, the broker takes the other side of your trade.
If you read forex broker reviews online, you will come across really bad reviews by users. Yes some brokers are really scrupulous, but majority of brokers are involve in honest business. So don't make the mistake of thinking like a victim. If you do, you will never trade successfully. Get your basic forex education right, and you will become a winner more often than you think possible.
The Best Forex Broker Criteria
There are many brokers in the forex market place. How do you find a really good broker from among these endless list of forex brokers?
Let's take a look at the criteria of the best forex brokers.
1. Micro Transactions and low spread You should be able to open a live account with a minimal investment. This can help you learn how to master your emotions with real trading without risking much money. With micro transactions you can be able to place real trades with as little as $2.50 of your own money. As you gain confidence, you can then increase your investments on a step by step basis.
Experienced forex traders 'learned' with smaller amounts and built their way up gradually as they gain trading confidence.
2. Unlimited Demo Account Trading with unlimited demo account can help forex traders trade more consistently, testing every strategy you learn on your demo account before using it on a live account. Trading a demo account for a long time can help you keep track of how well you will perform when you start trading live. With some brokers, you have a limited time of 20 days, but mostly 30 days. Then you open a new demo account. I don't like these brokers.
3. Free Forex Trading Education
Forex trading education is paramount to your forex trading success. A good broker must provide starting traders with a free comprehensive forex education that can at least give you the basics of all you need to trade the forex markets initially. If you are new to forex trading just trade with our recommended forex broker. A good broker will offer education for free, as well as a professional charting package and technical analysis tools.
4. Licensed and Regulated
Licensed and regulated brokers ensures the highest standards in the industry. You can at least know that your funds are safe.
With my 8 years in trading the forex marketing and based on these 4 criteria I have setup this website to bring you the best Forex can offer. Below is one of the best forex broker online today.
Updated: 18th May, 2024
| If you are new to forex trading, then I strongly recommend the course Beginning Forex Trader. This course comprised of clearly laid out video and audio designed to take you from A-Z of Forex Trading.You will learn everything you need to know to start trading forex the right way.To become a successful independent forex trader, forex technical analysis is a must. |
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