When deciding on a Forex Broker you need to think about the way in which you will be using your Forex account. These days many traders, especially beginners, will use automated systems to enhance their trading returns. Therefore it is important that you select a Forex Broker who is sympathetic to their use.
Selecting a right forex broker is not a static activity. It is a dynamic one depending on one or more of the following factors:
-Regulated or non-regulated forex brokers.
-What stage of your trading career you are in. You trade for your own money or manage other people's money as well.
-Amount of your trading capital.
-Services of a particular forex broker that address your requirements for trading.
Successful traders consider their brokers as a risk point in their trading systems. So they understand the rules of the game and do everything they can to minimize the risks associated with the brokers.
The forex market is open 24/24. What about your broker? When you ask questions to customer service, do you have a clear and honest answer or you do you go around in circles? If your broker can not answer the questions which you need answers to, you should find another broker quickly.
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