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laptop 700x391 - 4 Great Forex Brokers for You to Consider

4 Great Forex Brokers for You to Consider

In the previous article, we spoke about tips to become a good trader. One of them was to get a broker. This is a very important tip, and in this article, we’ll flesh out how you will do this.

A broker is an essential thing that all traders should have. More importantly, people have to find the right broker for their needs. It should fit their plans, goals, and what they want to achieve and focus on.

In order to do so, beginner traders can begin by availing of the services of the Forex Introducing Broker.  FX Introducing Brokers are able to assist you in finding the right broker and Forex Trading Platform for your trading.  Most typically also offer some other tangible value add service, such as a cash back rebate.

Still feeling lost? Don’t worry. We’re here to present to you four great brokers that you can consider when trading.

graph chart - 4 Great Forex Brokers for You to Consider

ThinkMarkets

First of all, we have ThinkMarkets. They have quickly grown to be one of the best Forex trading brokers.  Having got their start as a New Zealand based broker they quickly expanded and upgrading their regulatory licenses to also include an ASIC license in Australia and an FCA license in the United Kingdom.

One of the things that separates ThinkMarkets from other brokers is the fact that they have trading technologies that are unique to them, including the Forex Trading Platform TradeInterceptor.  The Trade Interceptor Forex trading platform is considered by many to be one of the best trading platforms available to Forex traders. They are considered the very best at currency offerings.

FXCM

FXCM is considered one of the best brokers overall. Forexbrokers.com once reviewed as many as 50 brokers and FXCM came out on top.

They offer pricing that is very competitive and attractive to traders. They are also visible across the globe and have access to many different markets.

FXDD

FXDD is a brokerage company that excels in its applications for traders.  They have been around for a long time and once were regulated by the NFA in the United States.  Since around 2011 though they have shifted their focus to other parts of the world and are now regulated in Malta and the Bahamas. With them, you can trade on the go.

Oanda

Finally, we have Oanda. This is the best option for United States residents. This is good asOanda is known for its fantastic support services.

These are only a few of brokers you should consider.

man with graph 700x391 - 3 Tips to Becoming a Great Trader

3 Tips to Becoming a Great Trader

Forex trading is a great way to earn extra money on the side. The truly successful traders are able to earn huge sums of money in a short amount of time.

While the rewards are great, the risks are greater. There is a considerable chance that the money people put in will never be gotten back. We are not trying to scare you though. We are only trying to paint the reality of trading in the Forex.

We hope you aren’t discouraged, and if you are, don’t stay that way. We are here to present several tips for you to become great at trading. Let’s take a look.

Define Your Plan

Like everything in life, a plan is needed in order to be successful. For trading, it is important to have a plan that defines a clear schedule for you, as well as a goal. This goal will be the indication of when your trading career is successful.

graph computer - 3 Tips to Becoming a Great Trader

There are a lot of things that you need to think about when you define your plan. For instance, you have to plot out how much time you can spend on trading, how much you want to reach, and how much losses you can stomach.

For that last point, if you are just starting up, it is inevitable that there are losses.

Get a Broker

Broker’s are an important piece of the trading puzzle. The plan that you have made in the previous point should directly match the broker that you will be getting. The broker needs to be able to validate and help you reach your goals.

There are a lot of different Forex brokers out there. If you don’t know how or where to look, you can start by going to Forex Introducing Brokers. These are companies that will help you find the right broker.

graph forex - 3 Tips to Becoming a Great Trader

Study the Exchange Rates

Finally, you should devote much time on studying the exchange rates. These rates are central to Forex trading. Thus, you should study what currencies are strong and which are weak.

You should also consider studying the many different factors that affect the exchange rate and study those as well.

These are only a few tips for becoming a great trader. Stay tuned for more articles to help you along the way.