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
Forex-RateIt.com