The globe may by now have too many Forex broker companies by now. The good, the bad and the ugly.
What do you want from a Fx broker?
First of all you can’t trade currencies without a Foreign currency broker so you need to signup with one for sure. You may want to broaden your horizons and sign up with quite a few. diversifying in Forex investing is an improvement. particularly because minor accounts are much healthier alternatives for starters. Starters can gather a lot about the ins and outs of the Currency trading game so it is never recommended to dawn in Forex with more than a couple of thousand US dollars type of account
In today’s Forex investing lots of things have changed for those who live in the united states. US residents are now deprived from the authentic Forex investing openness and there are a lot fewer choices for US residents when it comes to brokers. All US accounts must be held with US brokers who are required by US laws to enforce the new trading rules 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 on hand. 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 take for granted 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 platform available, 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 short form as a way to catch a lead. No hitch go ahead and provide 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 Mt4 trading platform on your PC you are ready to experience Forex trading without risking any genuine money. You may not need to learn a lot to start trading. Just visit autoforexbody and get their top notch trading robot to start trading robotically on your demo account meanwhile you continue to enhance your knowledge of Forex investing 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 trying brokers for a while. get to chats with these brokers and see how helpful and how they compare. take a look at all the demo accounts you started and maybe you can see one or two that performed well and got no errors or missed deals. maybe you should check out your brokers now with small real accounts.
Begin your new year with a Forex account. again 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