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I am also new one in this business and I really appreciate the information here about choosing a good platform as well as important intermediate (broker) to get start.Thanks and keep sharing.I will try out.
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Choose brokers with MetaTrader 4 platform.
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Please, read the Forum Rules and the Signature Rules to avoid termination of your account. |
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In choosing a broker, or any vendor of any product or service, the three essential elements are price, quality and service. Price can be determined by reviewing spreads at a number of brokers. Bear in mind that spreads can be fixed or variable depending on the broker and the particular business model they use. Variable does not neccesarily mean wider or more expensive although things can get pricey during periiods of high volatility or prior to a significant economic release or event. The rollover or swap rate for positions held in excess of 3 days is also an important component of price if you intend to hold long term trades, if the broker does (or does not) charge them. In evaluating " price" as well as quality consider " slippage". Are your trades executed at price you ordered or are you a fraction or two removed from your expected entry or exit point. Over the long run this can be costly,especially to scalpers. Quality and service can only be evaluated by experience although opinions of other traders posted on this sight can be helpful. I have dealt with most of the major brokers and I can say the level of sevice and quality is uniformly good in my view. They do vary widely as to price.
Last edited by eyeball; 9th October 2011 at 02:12. Reason: not complete |
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There're quite a few brokers so sorting through the lot may take some time. The good news though is that most brokers will offer you a demo account. Always, always opt for a demo and then, move on to the real one after tons of practice.
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hi its very hard to find good broker . first what u need to know about withdraw and customer support and its regulated or not
u can try first ACFX , FXCM , FX PRO MANY MORE JUST OPEN MICRO ACCOUNT FIRST AND CHECK ABOUT THEM |
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Choose a good broker, you should consider many factors: the platform, their customer service, their spread, the server connection, the speed of financial process, you should test the demo account to experience it first.
I finally choose Hotforex after comparing many brokers. |
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