broker for newbie

If you are a newbie then you should go with a regulated broker. Regulated brokers have to abide by the regulations and thus it protects your funds, trades and give you access to limited leverage. This helps you to manage your lot sizes.

There are many brokers in the market and some are good and some are bad. You can search on google to find articles where you can get information about different brokers. Always choose a broker with good reputation and also broker should be regulated.

Broker is the most important thing for a trader to make money from this market. So wisely choose the broker for you.You can take help from those websites that give broker reviews on their sites.

I think one common mistake that many beginners make is making a wrong decision while choosing a broker. One has to make due research before finalizing on a forex broker whose service they want to avail. I use Forexchief.com for their fair trading terms and fast execution speed. They have a low spread and their leverage meets my requirement.

Hi,

Simple question. I already have a stocks and shares account with IG. they do Forex, and have a demo account with MT4. Any one have any experience with them?

I'm in the UK.

Thanks.

It is very difficult to survive in trading without low investment. Demo trading is a part of creating knowledge. Beginner traders should do demo trading under a good broker. Analyzing becomes much easier if the broker's platform gives the right service. It is also possible to collect beginner-level information from the broker.

If you are going to start forex trading you have to choose a good and regulate broker. There are so many brokers in this market. You can research before choosing the broker for you

Look for good review and rating for finding a reliable broker. Regulation is also important to avoid scam.

Check the broker section here on ForexFactory, there is plenty of information.

A broker is the most important element in the forex trading. Without a broker you can not trade in the market.

And without a reliable broker one should not trade too.

what actually reliable as broker ? actually regulation broker can be reliable ? i mean do you believe the brokers regulation ? sometimes i feel its all about market strategy ,. nothing without it.

One needs to do their research. Some regulators have a better reputation than others. Regulators like ASIC, FCA, BaFIC, even CySEC (sort of) can be trusted. Offshore regulators, however, have a reputation for being unreliable, and it is not advisable to work with brokers having licenses from such regulators.