Friday, January 15, 2010

reviews forex broker

This article will help you to decide what are the important factors to consider when embarking on your career trading currency. Thus, having decided that in order to start a career in forex trading, is the first step to conduct detailed reviews forex broker. Where do you find start this process?

The first field on the way from ratings forex broker is to ensure that your investments are safe, and you can not lose your money in a fraudulent or criminal organization - after all, trading is hard enough without the risk of fraud worry!

The first step of this process is to verify the legal status of the company. This depends largely on which the company is and where they conduct their operations from within. For example, the United States, Yu need to ensure that the currency traders subject of the National Futures Authority. In the United Kingdom, organisiation relevant is the Financial Services Authority, FSA or short.

Once you are satisfied that your money is safe, is another important factor, is to check the ratings forex broker that you no commission is too large, or "spread" every time you pay a trade. For most brokers, you pay 1 to 2 points for major currency pairs like EUR / USD and not more than 3 to 4 pips for EUR / USD. If your broker charges more than that, then you should probably look elsewhere, and get a better deal.

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