Nowadays, finding a secure broker is like finding pearl in the sea. A secure and regulated trading broker offers all necessary trading facilities like high security of funding, good amount of leverage, narrow spread in most of the pairs, flexible margin level, and other facilities moderately.
There are many traders who seek suggestion for choosing the right trading broker.Eurotrader offers traders a nice demo trading platform and a good education program to educate their traders. The environment they offer is suitable for trading. The broker also offers handsome amount of welcome bonus to traders.
For low spread broker I relying on FXOpen broker, which offer low spread and sometimes I get zeros spread on many trading pair like EURUSD, USDJPY, AUDUSD, EURCHF, EURGBP, and many more, now they also provide contest with theme catch zeros spread on Ticktrader Terminal platform, it is possible to get prize from the contest
Knowledge refers to analytical knowledge basically which works in market analysis. But traders are found mostly averse to earning knowledge and they like to jump onto trading directly. You can follow the free educational program provided by Eurotrader trader to strengthen your basics.
Slippage is the difference in the expected price of the trade and the the price at which the trade is placed. This difference can be dealt by placing limit orders where the desired buy/ sell price is predetermined and the trade is executed once the hits this predetermined price level.
ECN brokers can be one of the good options to avoid slippage. Due to their ability to provide access to the interbank markets and placing the trades without the involvement of requotes increases the execution speed.
For minimum slippage, make sure to trade with a broker having fast trade execution speed. Brokers like aaafx, xm, and roboforex are good options to consider. But, you should do your own research before selecting any broker.
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.