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#14353621 May 07, 2020 at 01:09 PM
21 Posts
Perhaps the main question of a novice trader is "How to choose a Forex broker?"
Alas, there is no universal list of parameters. Each new market participant (trader) decides for himself - what to look for first.
But I still highlighted some fundamental criteria, without which it is generally difficult to form an opinion about a particular broker.
License availability
Trading conditions
Deposit and withdrawal conditions
Company experience
Company public figures
Dealing Quality Level
Broker expenses
Training from a broker
#14353654 May 07, 2020 at 02:53 PM
18 Posts
The broker accepts current trading information from the exchange: securities prices are the value of assets. The broker sends all the information to clients using special programs. Businessmen see all the data in their personal accounts using charts and glasses with orders. Investors open accounts in brokerage companies to enter into transactions in the market and earn income.
#14353670 May 07, 2020 at 03:33 PM
6 Posts
It is important that your Forex broker responds promptly to incoming questions. Most Forex brokers have a live chat where you can ask a question in real time. So don't be too lazy to open a chat and see how employees respond in it.
#14353676 May 07, 2020 at 03:52 PM
11 Posts
Well of course it is important that the Forex broker is reliable. Especially if you do not have experience in running such a business. For beginners, it is important to first get acquainted with this type of earnings, and only then, of course, make some investments, starting with the minimum.
#14353714 May 07, 2020 at 05:00 PM
21 Posts
On the Internet you can find sites offering their ratings of Forex brokers, compiled by a number of criteria. There are many ratings and, probably, there isn’t just one single correct one. Each rating evaluates brokerage companies in its own way, giving more or less importance to one or another broker's parameters.
#14355431 May 10, 2020 at 12:26 PM
22 Posts
To start working with a broker you need to conclude a contract. After that, the broker opens a brokerage account for the client to trade on the exchange on his behalf. Then the investor contributes funds and the broker disposes of them according to the agreement. The status and history of operations can be monitored on the broker's website broker conducts all transactions for the client’s money and receives a reward even if the operation was unsuccessful.
Some brokers on their sites allow you to first practice on a demo account with virtual funds. The terms of trade on such an account are no different from the real ones, only the investor receives virtual profit. Using a demo account does not oblige the client to anything.
Once the brokerage account is open, you can send money to it. Most often they use bank transfer. For this, the broker tells the client the details and payment motive. After the client replenishes the account, he starts trading. Many brokers ask to install a terminal program on the computer. Others work through the site by phone or serve the investor in the office. Withdraw funds from the account in whole or in part at any time. You need to contact a broker or log into your personal account on the website to indicate the required amount and choose a method of withdrawing money. The most popular one is on a card or bank account. Money will be transferred to the account number that the client indicated when concluding the contract. If you change the details you must write a statement to the broker.
#14363898 May 26, 2020 at 04:28 PM
13 Posts
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#14449633 Nov 11, 2020 at 11:24 AM
1 Post

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