who have a deep archive of articles, webinars, e-courses, seminars and personalized training. For example in the.S, a forex broker is required to be a member of the National Futures Association (NFA) and be registered with the. Hence, it is essential that the support services are available on a 24 hours basis throughout the entire trading week as there is nothing more contrarian strategy forex frustrating than not being able to get assistance when you need it most. This of course is the ultimate challenge and what attracts millions of every day people into the forex trading game.
What do we mean by that? We screen forex brokers to see if they also offer platforms with intuitive, user friendly interface ideal for beginners. It would be a bad habit to treat the demo account as play money and thus make trading decisions you may not otherwise do with real money. Some brokers in their bid to differentiate their services from other brokers also offer value added services such as free market signals. NFA regulated brokers must limit their leverage to 50:1 and conform to rigorous record-keeping and reporting requirements. A trading platform with a poorly designed user interface can actually impede trading which can lead to costly mistakes. The trading usd mex strategy more jurisdictions the broker is regulated in, the most committed the broker is towards earning the trust of potential clients. Another often overlooked factor when reviewing a broker s customer support service is whether the broker has provided you with a localized or toll free telephone support number. Practice Account: 25,000, minimum Deposit: None, a forex broker since 2001, optionsXpress offers live or recorded webinars by their educational team, live in-person workshops, The Insider newsletter and blog collective, as well as the xpresso and xpound newsletters. With most brokers you will find 24/5 or 24/7 live chat assistance and all offer free educational resources on their respective websites. It means that the opportunities to trade are vast, and most importantly the market is free of any single handed operation controlling prices. So what do you need to consider when choosing a broker?
With new forex brokers coming online every day, choosing the best broker for you often requires a lot of research and patience.
To save you time and help beginner traders we have identified some.