AliaDare posted: The help of a broker is essential for success with confidence. Therefore, for the broker that you select, the choice of the broker must be correct.
Easier said than done and especially for novices like me. Thousands of brokers are out there shouting out loud about their features. How to go about selecting one amongst them?
Always ensure that the broker you wish to trade with is regulated since your money is at stake. A professional broker would always provide you the proof of its legitimacy. If still you find something fishy, contact the regulatory authority and ask for the list of regulated brokers.
True and also I believe licensed brokers do not claim to come up with a program or scheme with a SECRET FORMULA to make money faster with forex trading. It’s all about the platforms and the features that one needs to look in for.
It is essential to find the brokers that fit your requirements properly. You cannot risk your money with just any broker. Find out what your broker offers and see whether it matches your requirements or not.
HIGH RISK WARNING: Foreign exchange trading carries a high level of risk that may not be suitable for all investors.
Leverage creates additional risk and loss exposure. Before you decide to trade foreign exchange, carefully consider your investment objectives, experience level, and risk tolerance.
You could lose some or all of your initial investment. Do not invest money that you cannot afford to lose. Educate yourself on the risks associated with foreign exchange trading, and seek advice from an independent financial or tax advisor if you have any questions.
Any data and information is provided 'as is' solely for informational purposes, and is not intended for trading purposes or advice.
Past performance is not indicative of future results.