Forex brokers

Forex Brokers: Choosing the right one
Before starting to trade, you need to setup an account with a Forex broker. Put simply, a broker is a company that charges small commissions for executing buy & sell orders on the traders command.

At first, deciding on which broker to choose may be overwhelming as there are many available, the key is to do your research & follow these simple steps.

1.) Customer Service
Most importantly, a broker's customer service must be excellent! 24/7 customer service reps available is an absolute must & you can't do without it. A quality customer service team is the first step to finding the best broker for you.

2.) Platform
Analyze the brokers trading platform. Are you comfortable with it? Does it have all the necessary information you need to trade? Is there a market news feed somewhere in the corner or somewhere else on the site?

3.) Mini/Micro Accounts
If you are a beginner, try looking for a broker which offers Mini & even micro accounts. For just a few hundred bucks you can test your trading skills, hone your market savy & learn the tricks of trading forex.

4.) Instant Execution of Your Orders
This is an absolute must! If execution isn't instant, as soon as you place your order, find a new broker.

5.) Do Your Research
Look online & check out forums for reviews of the broker you're thinking of trading with. Make sure that they have been around for a long time & that traders have had good experiences.