1、CHIFLEY: Eight basic tips for choosing a Forex brokerThere are a few things to keep in mind when you want to choose an online forex broker.#1-Number of spreadsSpread, calculated in points, is the difference between the currency you buy or sell at a given point in time.Foreign exchange is not traded
2、through the redemption center, so depending on the broker spread you use, there are different spreads. Some online forex brokers have variable spreads; some have two spreads depending on day and night.The spread of some brokers depends on the position of the market. When the market is flat, the spre
3、ad is relatively low and when the market is active, the spread is relatively high. I like brokers with fixed spreads because the long-term trading fixed spreads are safer.#2-Execution What is the broker order execution speed? Do they provide automatic execution? How much can you trade before applyin
4、g for a quote?- Are they betting on customers?The best way to understand is to apply for a demo account and test it.#3- Leverage optionLeverage is the total ratio of funds that can be used for trading to your principal. For example, when your ratio is 100:1, your broker will lend you $100 for each d
5、ollar principal. In foreign exchange trading, leverage is It is necessary because the price of the currency is subdivided into fractional decimals.You should pay attention to their leverage before choosing a broker. Many brokers offer flexible leverage that allows you to choose the one that suits yo
6、u best.#4- Account TypeNote whether the broker you choose has a mini account. The mini account is designed for new online traders and has a limited investment principal. The minimum deposit requirement is only $300 or less.#5-Trading platformGood trading software wants to show real-time prices that
7、you can trade, not just symbolic quotes. It also offers limit and stop loss orders, and allows you to reset the order. Two alternative orders are another practical Features - means you can set up your trading and let the software execute.#6- Trading Tools and Value Added ServicesChoose an online for
8、ex broker that provides the best resources and information to help you make an informed decision. A good company should provide real-time charts, technical analysis tools, real-time news and data, and software or website customer service. Stay away from refusal to apply for an account. Former public
9、 information or test version of the broker. You need to test their system before you choose to deposit.#7-客服Forex is a 24-hour market, so your forex broker should provide 24-hour customer service. You should also know if you can close your position by phoneespecially if your computer or network is down. You can contact their network service center. To find out if you can get help quickly.#8-Get recommendationsConsult the surrounding and Forex forums to find out which brokers other people use and why they chose this one.
