There
are a number of important observations must be taken into account when choosing
a Forex broker you will deal with on the
Internet
 |
| best Forex broker |
1-
Size of
spreads:Spreads, which
is calculated as points, it is simply the difference between the purchase price
and the sale price of a currency at a certain time.Forex is not traded via one
central stock exchange so that spreads may vary depending on which Forex broker
you deal with. Some Forex brokers on the internet have different spread points;
Some of them may have different sizes of spreads and may vary by the succession
of night and day.
While
others change the spreads depending on the market situation .When the market is
quiet the spread will be small, as they raise the size of the spread in the
case of the high level of market volatility
2-Implementation:What is the speed of the
broker in executing a trading order?does he provides automation service?How you
can trade before having to request a quote?Do they trade against their clients?
The
best way to reveal all of these things is to open a demo account and test them
3-Leverage Options:Leverage
is expressed as a percentage of total capital available for trade and between
actual owner's capital, When you have a
lever ratio of 1 to 100, it means that your broker you are dealing with in
Forex Trading will lend the amount of $ 100 for every $ 1 from your actual
capital
Leverage
is considered essential in forex trading because the price differences between
currencies are often parts of a cent.
Before
choosing a Forex broker on the Internet you have to know the leverage volume
they offer ,Many brokers offer a flexible margin for trading form that allows
you to choose the appropraite leverage
for you.
4-Account
Types:You have to know whether Forex broker offers mini accounts
service or not,Simply mini account is designed for novice traders in Forex
Trading,And also to those who have only a small capital to invest.Typically,
this type of deposit accounts require a small amount to start trade could range
between $ 300 and probably less than that.
 |
| best Forex broker |
5--Trading Platform:Good
trading program will show you live prices that you can actually trade through
it,Not just the tag price,It will also
stop orders and profit limits,and quickly will allow you to attach these
commands to your trading center.
6--Tools and value-added services:You can search for
Forex broker on the Internet that displays the best sources of information that
helps you make better trading decisions,Good company should provide direct
graphs, technical analysis tools, instant news and data service and must also
provide technical support for both the trading platform or on the website
itself,You should be wary of any company that refuses to provide such information
or services through the demo accounts
Or
in other words it force you to open real account before sharing this
information with you , So you must always test the system you deal with before investing your money.
7--Support:Forex market works
24 hours, so your Forex broker must submit a support services available throughout the day.You should also
disclose if you can close orders by phone and It is essential in case of your computer or Internet connection had a
sudden accident at a crucial time.and It is essential in case of your computer or Internet connection had a
sudden accident at a crucial time.
8-Get
referrals:You can contact with online help to discover how quickly
they are in replying to queries.