Tips on how to choose a forex broker for forex trading

1. How to Choose a Forex
Broker?
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2. FOREX stands for FOReign
EXchange
It is one of the world’s largest financial markets
with a daily trade worth over 2 trillion
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3. Do YOU want
a piece of the
larger FOREX
pie?
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4. Start Trading in the Forex Market?
To start trading in the forex market, you have to set up
an account with a forex broker.
Forex brokers are firms or individuals who assist you in
the trading activity.
They carry out trade (buying or selling currencies) as
per your instructions.
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5. How Does a Forex Broker Help You?
Provides software platform which enables online forex
trading.
Offers updates related to the forex market.
Advises traders in the selection of currency pairs.
Facilitates trading through expert market analysis.
 Helps with trading strategies and offers timely alerts.
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6. Are You Looking for a Forex Broker?
Internet is flooded with online forex brokers.
Do not select a broker randomly.
Invest time in thorough market research.
Your decision will impact your profit.
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7. How to Choose a Forex Broker?
1 Regulations
2 Minimum Deposit
3 Leverage
4 Demo Account
5 Spreads
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8. Is Your Forex Broker Regulated?
Trading with an unregulated
broker is like putting your money at
risk.
Make sure the broker is fully
regulated with the concerned
authority.
Some of the major regulatory
authorities are - Financial Services
Authority UK and U.S. Securities
and Exchange Commission.
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9. What is the Minimum Account
Deposit?
Choose a broker as per your
investment budget.
Look out for minimum account
deposits.
It is the amount required to start a
live trading account.
Some of the most popular forex
brokers have high minimum deposit.
For budget accounts, opt for
emerging forex brokers.
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10. What is the Leverage?
In forex, leverage is the margin ratio
available to the account deposit.
With a leverage of 100 and minimum
deposit $5,000, you can trade for
$500,000.
Different brokers offer different
leverage ratio.
As per the experts, 100:1 leverage is
sufficient for individual traders.
A high ratio will compel you to trade
for higher positions increasing risk
factors.
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11. Does the Broker Offers Demo
Account?
A demo account is a free trading
account that allows users to hone
their trading skills.
You can experiment with currency
trading through a demo account
without losing money.
It enables you to test the features
of trading platform.
Novice traders should opt for a
broker that offers demo account.
A demo account is available for a
limited period.
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12. Understanding Spreads
Spreads are crucial for short-term
traders.
Not all brokers deal in all the
currency pairs.
Choose a broker that offers good
spread range for the currency pairs
in which your are interested in.
An ideal spreads range is between
2 to 3 pips.
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13. Read Broker Reviews
Always read broker reviews
provided by forex experts and
users.
Expert reviews contain detailed
analysis of the broker.
User reviews offers in insight into
the operational excellence of the
broker.
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14. For more information on Forex Brokers
and Forex Education, visit
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