How To Find A Decent Forex Broker
Here are some tips want to share with you,I had the same issue not too long ago. I was in the book store and saw this book, chapter 5 has a section on selecting a broker and I used it to help me. The author talks about finding a broker that is a member of something. Sorry I can't remember what, you are dealing with a real firm when you do that. You don't want some little firm that is trading against you because it behooves them to give you bad execution as they want more than just your commission. They want you to open a $100 account and they will pretend to let you trade all the while just waiting for you to blow up your account to keep the $100. It wouldn't surprise me if some if them did that.
http://www.amazon.com/Getting-Started-cu
http://www.fxcm.com
http://www.avafx.com
http://www.gft.com
I chose GFT forex after reading it and trying their demo. One of the things I hate about most brokers is the request a bid process takes FOREVER. I could have gotten in and out of a stock trade using a simple ameritade account in the time it takes the darn thing to respond. GFT has a direct deal option that puts the order in and goes with it up to 2 pips slippage (or you can set it differently) or it comes back with a bid ready to click accept to buy sell or pass if it slipped more. So you will never take longer than 5 seconds to get in mostly more like 1. This is even true right as the non-farm payroll numbers come out. Some of these other jokers take 30 seconds to come back with a price during slow activity; I can't imagine what they would do during non-farm payroll announcement.
I am not really trying to push GFT I just wanted to share my big issue with some of the other guys. Make sure you are happy with the execution speed is my point. Maybe I should have just said that...
And also you can check your options in this site. They will provide you a personal Account Service Manager to be with you in your first trading activities until you become familiar with their system. For a mini deposit of $100 you can start trading immediately without downloading any software. you can even use your credit card to fund your deposit so you can trade anytime, any day even if banks are closed. They can also set your Take Profit and Stop Loss rates and most of the transactions are without hidden costs. Check it out to see for yourself all the other features of this site that's designed to protect your interests as a trader.
Before you decided to choose any of the broker kindly do check with the NFA either the Firm or Broker are listed and after you did that do not hesitate to compare with all the brokers online about their terms and condition, some of the broker the term is different such the spread, charges, execution charges and also there is a 2 type of forex such Spot Forex and Future Forex, so all depends on your needs what do you like it most for your investment vehicle
Good Luck
Arthur : Agrovertic Ent
