Locate a Broker
Whether you are just starting out of someone a little more seasoned here are three things to look for when choosing a forex broker. Since the entire concept of trading is making good decisions, having a strategy is important and knowing the pitfalls of picking a broker can save you time and money.
The first of the three things to look out for when choosing a forex broker begins with you, what type of trader are you going to be? A good place to start is by learning the different styles of trading from very conservative to extremely aggressive and everything in between, then identify which style you think fits your personality and desired outcome. (more…)
What is important when looking for a Forex Broker? First you must consider trade fee’s, management fee’s and what type of trading platform you will be using. I find the most important factor is what type of automated software the site allows. Robots in automated Forex trading are part of the business of making money, so be sure to be come familiar with them. What type of account do you want to open? Managed accounts will administer higher operating expenses, while managing your own account as a newbie can also create new risks. [ad code = 2]