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Getting Started In Forex: Choosing a Broker

Discussion in 'Education Centre' started by ProTrader, Apr 22, 2012.

  1. Tom Latham

    Tom Latham

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    No doubt, low trading spread is a very important consideration to me as a scalper! But, I think broker regulation is the much important parameter than any type of trading feature! Because, non-regulated broker breaks their commitments so commonly!
     
  2. winchent13

    winchent13

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    Nevertheless, the company's reliability is still more important than trading conditions, I've learned it more than once from my own experience. The presence of regulation is an obligatory condition.
     
  3. MarvelPole

    MarvelPole

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    I always advice the new traders to choose the broker after complete research about it as it is an important part of their trading career. A broker must be well reputed whom you can trust with closed eyes. You money will be in the hands of it, so make a perfect choice. Stay secure!
     
  4. Yorley

    Yorley

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    Broker is very important in the world of forex trading. You need to make a relation with a trust-worthy broker. You can check the credibility of brokers on the internet. You can see the reviews of people that they have served. Thank you.
     
  5. lioneld

    lioneld

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    Yes, this is very much important point! Even, I consider as my major point on choosing a broker.
     
  6. Lee Mark

    Lee Mark

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    Exactly; if market maker brokers offer you an outstanding trading conditions; that doesn’t mean much since, they will block your profit after a decent break; as a result no value! That’s the real calculation.
     
  7. Astirewien

    Astirewien

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    I choose a broker for reviews. I always carefully study several sites with reviews and draw conclusions for myself. I wrote to some people who left bad reviews to find out if the problem was resolved or not.

    I start with a demo account and trade for a week. if everything suits me - I make a test payment and withdrawal of funds. If everything is ok, then I trade with this broker.
     
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