Thứ Ba, 8 tháng 11, 2016

Which the best broker for Forex trading?

07:08 Posted by Unknown , , , No comments

Q: Which the best broker for Forex trading?



A: Hi, good question! 


But There is NO best brokers but there are some good references for brokers review you can read it carefully before you decide anything and open a test account to see what happens :





What you will read from the internet are mostly personal recommendations, which might or might not be what you personally are looking for. You’ll have a better experience if you can decide for yourself what constitutes a good broker.
So, this is what you should look for in a broker:
1. Low spreads
The spread is how the brokers actually earn money when traders make orders. Different brokers will offer different spreads. For some traders, getting the minimum spread possible is the most important requirement to their Forex broker. 
2. Institution backing
When you’re starting off with forex trading, you will deposit an amount on the broker’s account. It is therefore critical to know that your money is safe and the broker is regulated and backed by lending institutions.
Depend on what exactly how you want to trade, you should check broker for some following features :
  • Initial account deposit requirements.
  • Do they allow expert advisors? Most brokers do, but some don’t allow it.
  • Do they allow scalping? Again, only relevant if you plan to do so.
  • Which software do they support? MT4? Or do you prefer cTrader / Ninjatrader? Something to keep in mind.
  • Do they provide an API? This is mostly relevant only if you want to run custom automated trading strategies, but might still be useful to know up front.
Give a try !

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