5 Ways to find a good broker.

[JoogleGJ]

Originally Posted by Fxpipper

Start with some edu online info on Fx, find out what the market's about, what's being traded, etc. On using software, it might be a good idea to do the research and work the demo. Once you're sure about trading strategies, you can move to signals and live accounts.

Hi Fxpipper,

About the education materials, you can visit Dailyfx, Babypips, Profiforex, Investopedia, etc. sites to learn more about forex. About the demo trading account, there are many forex brokers provide this. You can find one to test their trading servers. One advice about demo account, I think you should find a broker in which the condition of demo account is the same with the condition of real account, this including the speed of execution and no requotes. Beside this, I think the micro account is better than demo account for forex beginners. Because the experience on micro account is real trading experience when comparing with trading on demo account.

[Haley12]

Originally Posted by Dexter

5 Ways to find a good broker.
1. Low Minimum Account Opening and Trading Amounts.
2. Low spreads.
3. Instant Execution Of Orders.
4.The Opportunity for Good Education and Training.
5. Leverage.

Thanks to share this list with us. I want to just add:

6. Checking broker's previous record.

[Enivid]

Originally Posted by Haley12

6. Checking broker's previous record.

What do you mean by broker's previous record?

[Haley12]

Originally Posted by Enivid

What do you mean by broker's previous record?

Broker's previous record means what traders think about brokers who have been used their services.

[weesnog]

Originally Posted by Dexter

5 Ways to find a good broker.
1. Low Minimum Account Opening and Trading Amounts.
2. Low spreads.
3. Instant Execution Of Orders.
4.The Opportunity for Good Education and Training.
5. Leverage.

1. im just new to this business but i think good real brokers usually require high minimum depositing

2. i agree with that

3. instant execution of orders is too important to me, im upset with some brokers for the slow executions and the requotes

4. i also read that good brokers dont offer educational courses

5. i dont care much for the leverage

[mingbao]

Love is in the eyes of the beholder.

Different traders will have different needs too.

there are something in common.

Be sure to find one with good reputation.
You will find good customer support.
Your money should be safe.

[JoogleGJ]

Originally Posted by mingbao

Love is in the eyes of the beholder.

Different traders will have different needs too.

there are something in common.

Be sure to find one with good reputation.
You will find good customer support.
Your money should be safe.

Yes, Mingbao, the money’s safe, good customer support and brokers’ reputation are very important when choosing forex broker. But there are not the principles for choosing brokers. Please read the post I had posted before in this thread: http://www.earnforex.com/forum/f4/5-...774/#post21622

I think it will helpful for you.

[humie]

i like your post i think it is very important think when a certain broker is with its customer

[JoogleGJ]

Originally Posted by humie

i like your post i think it is very important think when a certain broker is with its customer

Hi Humie,
Sometime traders maybe meet this kind of situation. They don’t like their forex broker now, want to choose another one. But after last chance, they don’t believe in any posts or reviews on the internet. These principles for choosing forex broker are needed for every trader. Also, after you have these principles for choosing forex brokers, you can go to other sites for forex broker to check their details and reviews.

[Fxpipper]

Originally Posted by JoogleGJ

Hi Fxpipper,

About the education materials, you can visit Dailyfx, Babypips, Profiforex, Investopedia, etc. sites to learn more about forex. About the demo trading account, there are many forex brokers provide this. You can find one to test their trading servers. One advice about demo account, I think you should find a broker in which the condition of demo account is the same with the condition of real account, this including the speed of execution and no requotes. Beside this, I think the micro account is better than demo account for forex beginners. Because the experience on micro account is real trading experience when comparing with trading on demo account.

Yup! I have progressed beyond the demos to live accounts and as far as my experience goes, not all the demos operate the same way the live accounts do..
Hard to believe at first but all true. So for any newbie out there, you may wan to set up a few demo accs, try it out and when you move on to a micro or a mini lot, make sure that the real account works the same way, speed, accuracy, no slippage etc.