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Request information about opening an account. You can open a personal account or you can choose a managed account. With a personal account, you can execute... -
Check on transaction costs for each trade. You should also check to see how much your bank will charge to wire money into your forex account.
Focus...Leave a comment:
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Visit the broker's website. The website should look professional, and links should be active. If the website says something like "Coming Soon!"...Leave a comment:
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Read reviews but be careful. Sometimes, unscrupulous brokers will go into review sites and write reviews to boost their reputations. Reviews can give...Leave a comment:
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See how many products the broker offers. If the broker also trades securities and commodities, for instance, then you know that the broker has a bigger...Leave a comment:
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United States: National Futures Association (NFA) and Commodity Futures Trading Commission (CFTC)
United Kingdom: Financial Services AuthorityLeave a comment:
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Check to see that the brokerage is regulated by a major oversight body. If your broker voluntarily submits to government oversight, then you can feel...Leave a comment:
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Look for someone who has been in the industry for 10 years or more. Experience indicates that the company knows what it's doing and knows how to take...Leave a comment:
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A pip measures the change in value between 2 currencies. Usually, 1 pip equals 0.0001 of a change in value. For example, if your EUR/USD trade moves from...Leave a comment:
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Read economic reports. Reports on a country's GDP, for instance, or reports about other economic factors like employment and inflation, will have an effect...Leave a comment:
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