Would you like to react to this message? Create an account in a few clicks or log in to continue.



 
HomeSearchLatest imagesRegisterLog in

 

 How to choose a Forex Broker?

Go down 
2 posters
AuthorMessage
Admin
Admin
Admin


Number of posts : 49
Registration date : 2007-07-27

How to choose a Forex Broker? Empty
PostSubject: How to choose a Forex Broker?   How to choose a Forex Broker? Icon_minitimeSat Aug 11, 2007 12:40 pm

Forex brokers need to be associated with a large financial institution such as a bank in order to provide the funds necessary for margin trading. In the United States a broker should be registered as a Futures Commission Merchant (FCM) with the Commodity Futures Trading Commission (CFTC) as protection against fraud and abusive trade practices.

Before trading Forex you need to set up an account with a Forex broker. You may feel overwhelmed by the number of forex brokers who offer their services online. Deciding on a broker requires lots of research on your part. There are several areas to examine before you sign on the dotted line with any broker. Here are some things that you need to look for in making your choice:


Safety of Funds
Is the broker regulated? Are client funds insured?



Order execution
How fast is the broker’s order execution?
Will they place you on manual execution?
Do they offer automatic execution?
How much can you trade before having to request a quote?
Do they offset all clients orders?
Do they trade against their clients?



Spread
Is it fixed or variable?
How tight is the spread?
Is it larger for mini accounts?


Slippage
How much slippage can be expected in normal and fast moving market conditions?


Margin requirements
What are the margin requirements and how are they calculated? Does the margin change with currency traded? Is it the same for mini accounts and standard accounts?


Forex Trading Platform
Is it reliable during fast moving markets and news announcements?
How many different currency pairs can you trade?
Do they offer an Application Programming Interface (API) for automated systems trading?
What other features does it offer? (One click trading from the chart, trailing stops, mobile trading etc.)


Account Size
What is the minimum account balance?
Can you trade mini accounts?
Do you earn interest on the unused equity in your account?
Can you adjust the standard lot size traded?
Back to top Go down
https://cashtalk.all-up.com
eidbadboy
4.504
4.504



Number of posts : 18
Location : doha
e-gold : 4142206
Registration date : 2007-08-16

How to choose a Forex Broker? Empty
PostSubject: Re: How to choose a Forex Broker?   How to choose a Forex Broker? Icon_minitimeThu Aug 16, 2007 11:21 pm

thanks what broker you trade with
Back to top Go down
http://www.google.com
 
How to choose a Forex Broker?
Back to top 
Page 1 of 1
 Similar topics
-
» What is Forex ?
» Why do Forex Trading?
» Forex trading basics
» How To Get Started In FOREX Trading
» Internet and forex options in the future

Permissions in this forum:You cannot reply to topics in this forum
 :: forex :: Forex Articles And Tutorials-
Jump to: