generally , traders above all the beginners trusted regulated broker blindly , but in recent times their review is not positive that can make inspire who willing to trade in there next. sometimes i feel, brokers credibility is more important than regulation.
Apart from simple scam brokers or market maker brokers, there are so many regulated and well known brokers who play very dirty tricks on their back end to make traders loose and such things are almost impossible to figure out until you make consistent profit in your account.
So whether someone is newbie trader or professional trader, choosing the right broker is very important and the choice should be made based on the account balance someone is trading with and the type of trading system someone is using etc.
Otherwise, sometimes even it can take years of struggle for someone to be successful in trading if he is stuck with one broker for some reason. So it is also very important to trade the same trading system with multiple brokers at same time which will help the trader understand whether any particular broker is doing anything wrong to make him loose.
When looking for a broker there are many things that you have to check. According to my trading experience first of all I will be looking for in a broker, if they are regulated or not. Then I will see their deposit and withdrawal system how it works.
So couple of rules to chose the right broker 1. The trading conditions are good for your system - be it sllipage, spreads, pairs, swaps or leverage 2. There is NOT negative record on FPA 3. There IS proper regulation, avoid for example New Zealand.
There are many important things we the traders have to focus when choosing a broker, from all I think spreads is an important financial tool which an investor should consider when choosing a broker, if we have lowest trading spreads we the traders can make profit with certainly by using any kinds of trading strategies in particularly the scalping that brings profit in a short time.
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Leverage creates additional risk and loss exposure. Before you decide to trade foreign exchange, carefully consider your investment objectives, experience level, and risk tolerance.
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