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Selecting your broker


Gee Dee

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It is true that broker should be selected after giving emphasize on your trading needs so that you can better work for the achievement of your trading goals. Forex forums are effective tools where naïve traders can receive advice from the experts and seniors to choose the right brokers as many pro traders give their reviews and suggestions. So, a trader should try to choose a broker after analyzing all the essential aspects.

 

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There is no doubt that broker will give that extra edge to be able to perform well, but still you need to be extremely careful with things. A good broker ALONE won’t take you through to success, so that’s why we really require to put extra effort to make our self achieve positive results. I have seen the difference broker make when I was working with Instaforex, as they made me lose badly but now same strategy works with other brokers!

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It is extremely significant for the forex traders to pick that one broker who will provide him support to perform all of his trading activities in the gainful and efficient manner. Thereby, I have chosen a licensed broker CIBfx and it is providing me well-timed, fastest and orderly trade executions services through its reliable technological platform. I am enjoying easier transaction services along with lower spread, good leverage and complete security of resources.

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It is one of the BIGGEST requirement for people to pick a quality broker. I have enough experience to see what happens when you pick brokers based upon bonuses only. I did that with ForexMart, Instaforex and others, but ended up with major losses. So, you need to be very wise with things.

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We need to really give importance to the selection of the broker, as without the quality broker there is no way we will be able to get the results we look after. It’s not all that straightforward either but it’s very much doable if we are serious about it.

 

My selection was simple having found FreshForex. They are one of the most established companies servicing since last 13-14 years with winning over 30 prestigious awards. Then their features which include Rebate program, where one can get upto 20 USD per lot size trade even on losing trades. So, this makes the selection relatively simpler for me.

 

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There is no doubt that broker will give that extra edge to be able to perform well, but still you need to be extremely careful with things. A good broker ALONE won’t take you through to success, so that’s why we really require to put extra effort to make our self achieve positive results. I have seen the difference broker make when I was working with Instaforex, as they made me lose badly but now same strategy works with other brokers!

instaforex? Which body regulates this broker? I heard they lost they license with Belize? did they get another regulation.

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Selecting the right broker is a major need for anyone to be successful, and it’s not exactly that tough. But we just need to ensure that we plan it out accurately, as if we do then we will be able to gain a lot of benefits. I have done it perfectly via joining FreshForex, they are classic with having low spreads, lightning fast execution of trades, cash back, bonuses and many more such features to make working simpler and easier.

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A trader should always keep things simple and focus on few things which includes a quality broker, following market analysis and good risk/money management since that’s how you benefit. I get it done too easily with FreshForex. It’s one of the leading brokers with lovely market analysis and also got fantastic 101% Tradable Deposit Bonus too, so all this works perfectly.
 

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It's better to select to a broker that is regulated a good broker is like goggles for a swimmer , If you choose a regulated broker your money is in safe hands though loss is a part of forex trading business but still working with a regulated broker is safer and needful check your broker is regulated as per your country laws or not before proceding further.

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On 12/27/2018 at 7:11 AM, uncle gober said:

there are brokers with advantages and disadvantages of each. most beginner traders are confused when choosing a broker to start forex trading. as a suggestion, traders, especially beginner traders, can choose brokers who provide educational programs that are easy to digest for beginner traders like Tickmill.

Unless you don;'t understand the advantage of trading with a  low spreads broker that you have the guts to Recommend Tickmill, I think the spreads of this broker are way to high for scalper!

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we have to prepare everything for where to plunge into this forex business, big where the risks are, we are obliged to always strive for regular learning so that the results can be maximized, don't miss the webinar provided by FreshForex which can add insight into trading

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While selecting a broker you have to be very sure he should be Regulated and licensed under the state government requirements and rules as for the safety of  your money  he must be experienced enough to invest and must be aware of the forex trading technicalities 

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