The matter vital before trade in Forex Trading (and/or Online Forex Trading) is choosing The Forex Broker we will use their service. Choose forex broker which will be used to facilitate services in forex trading activity is not an easy thing. Each forex broker individually use their system and the rules variously. When we are wrong in choosing forex broker who used to be sure cause a lot of loss in our forex trading activity.
There are many forex brokers who lie around on the internet, and serve online forex trading. In addition to online trading through the internet also forex broker that serves local forex trading over the phone. Need to carefully determine which forex broker who will be selected for forex trading activity we will do.
What we need to consider in choosing forex broker? Many considerations that we need to consider in determining forex brokers which will we use, such as minimum deposit, the client software is provided forex broker, and how laverage offered and what method of payment that can be used.
Individual forex broker offers the type of account is different, in general, include a point-point as follows:
1. Types of forex accounts offered
Some forex brokers offer not only 1 type of account you can choose a trader. Differences in the type of account offered to the general problem for the size of the initial deposit can start forex trading activities. Forex Trading Account using Standard usually require a deposit if changed to our currency at least reach some forty million. And for a beginner trader or who have capital from hand to mouth usually provided the type of micro or mini account. To start a forex trading activity with the micro or mini accounts only require a few million capital only, or even just a few dollars
2. Forex trading software client that is used
Each broker offers forex trading software client is different. There are several trading software client that is easy to use, among other Metatrader (Mt4) and streamster.
3. Spread for each currency pair sold
Spread is the difference between bid and ask prices. Offset this advantage is usually taken by Forex Broker is. Spread for each currency pair is different magnitude. Generally, the currency pair for the main spread ranging between 2 - 5 points. Be careful with forex broker which widen the spread when prices move quickly (usually when the shot due to the news).
4. Laverage (power bob up and down) in use
Use laverage is a characteristic of the forex trading sets with the other trade. Differences laverage offered are usually related to the size of our capital. Laverage offered can start with a 1:1 to 1:500. The greater the general, capital laverage that the small capital and the small traders usually choose to use a large laverage even 1:500, laverage because of the greater amount of profit that can be obtained even though the greater the risk the greater the loss.
5. Payment methods that are used
Each forex broker payment instruments to serve different, either for deposit or to withdrawl (of funds). Forex brokers from Europe are usually to provide more choices of payment methods including the method used by 3rd party payment (online payment) like Liberty Reserve, WebMoney, and so forth.
Good Luck ..........
Subscribe to:
Post Comments (Atom)
No comments:
Post a Comment