How to choose a regulated forex broker?

Ebin posted:
Can we choose a broker based on only rating and reviews or is there any other factors to choose a good regulated broker.

lucasser posted:
Should i choose a broker based on experience or should i choose a broker based on rating and reviews ?

marco_mmbiz posted:
Always have a look on the broker's regulation, and do your research first. If a broker has more than 2 reliable regulations then it might be a good one. But always do your research first; don't believe what is written on any broker's webpage. Do your research with their company names and license numbers first.

Good brokers have an ASIC (for Australia), CySec (for Europe), NFA (for USA), ICB (for Ireland), BaFin (for Germany), FinMa (for Switzerland), IFSC (for offshore), FCA (for UK) regulation. I'd not trust any other brokers/"regulations" out there (there might still be some other good local ones, but I don't need them, that's why I don't look after such brokers with other regulations, most of them are still suspicious).

I even don't care about spreads, commissions and stuff, as long as they are not too high, as long as my TP's are hit and as long as my deposits and withdrawals are all fine.

sgtmarkets posted:
Best 7 Easy Peasy Online Trading Tips:

1. Pick a currency pair

Choose which currency pair you wish to trade. With more than 65 currency pairs to browse, picking a trading opportunity to believe it or not for you is essential.

We prescribe that you set aside your opportunity to comprehend the measure of price instability related to the currency pair to help deal with your risk.

2. Settle on the sort of FX trade

In spread wagering, you trade pounds per point development

In CFD trading you trade various CFDs in the unit of the construct (currency in light of the left). For instance, on the off chance that you trade GBP/USD your stake would be in Pounds, while in USD/JPY your stake would be in US Dollars

In Forex trading you purchase parts, in the unit of the construct (currency in light of the left)

For instance, on the off chance that you trade GBP/USD your stake would be in Pounds, while in USD/JPY your stake would be in US Dollars (the base stake size is 1000)

3. Choose to purchase or offer

When you have picked a market, you have to know the present price it is trading at, which you can do by raising a request ticket in the stage. All forex is cited as far as one currency versus another. Every currency pair has a 'base' currency and a 'quote' currency. The construct currency is the currency in light of the left of the currency pair and the statement currency is on the right. Put just, when trading foreign monetary standards, you would:

Purchase a currency pair in the event that you trusted that the base currency will fortify against the statement currency, or the statement currency will debilitate against the base currency.


4. Including orders

A request is a guidance to naturally trade at a point later on when prices achieve a particular level foreordained by you. You can use stop and confine requests to help guarantee that you secure any profits and limit your risk when your individual profit or loss risk targets are come to.

While not necessary, given the unpredictability in FX markets utilizing and understanding risk administration instruments, for example, stop-loss orders are basic.

A stop-loss arrange is a guidance to finish off a trade at a price more terrible than the present market level and, as the name recommends, is utilized to help limit losses. There are two kinds of stop-loss orders - standard and ensured.


5. Screen and close your trade

When open, your trade's profit and loss will now vary with each move in the market price.

You can track market prices, see your undiscovered profit/loss refresh progressively, join requests to open positions and include new trades or close existing trades from your PC or application on your cell phone and tablet.

6. Shutting your trade

When you are prepared to close your trade, you basically need to do the inverse to the opening trade. Assuming you purchased 3 CFDs to open, you would offer 3 CFDs to close. By shutting the trade, your net open profit and loss will be acknowledged and promptly reflected in your record money balance.

7. Forex trading precedents

Deliberately glance through the Forex trading precedents here to guarantee you see how Forex trading functions.

lucasser posted:
Should i choose a broker based on experience or should i choose a broker based on rating and reviews ?

lucasser posted:
Should i choose a broker based on experience or should i choose a broker based on rating and reviews ?

SofieAndreasen posted:

lucasser posted:
Should i choose a broker based on experience or should i choose a broker based on rating and reviews ?

Rating and reviews are helpful. However, I recommend test their trading service in demo account first.

sgtmarkets posted:
Best 7 Easy Peasy Online Trading Tips:

1. Pick a currency pair

Choose which currency pair you wish to trade. With more than 65 currency pairs to browse, picking a trading opportunity to believe it or not for you is essential.

We prescribe that you set aside your opportunity to comprehend the measure of price instability related to the currency pair to help deal with your risk.

2. Settle on the sort of FX trade

In spread wagering, you trade pounds per point development

In CFD trading you trade various CFDs in the unit of the construct (currency in light of the left). For instance, on the off chance that you trade GBP/USD your stake would be in Pounds, while in USD/JPY your stake would be in US Dollars

In Forex trading you purchase parts, in the unit of the construct (currency in light of the left)

For instance, on the off chance that you trade GBP/USD your stake would be in Pounds, while in USD/JPY your stake would be in US Dollars (the base stake size is 1000)

3. Choose to purchase or offer

When you have picked a market, you have to know the present price it is trading at, which you can do by raising a request ticket in the stage. All forex is cited as far as one currency versus another. Every currency pair has a 'base' currency and a 'quote' currency. The construct currency is the currency in light of the left of the currency pair and the statement currency is on the right. Put just, when trading foreign monetary standards, you would:

Purchase a currency pair in the event that you trusted that the base currency will fortify against the statement currency, or the statement currency will debilitate against the base currency.


4. Including orders

A request is a guidance to naturally trade at a point later on when prices achieve a particular level foreordained by you. You can use stop and confine requests to help guarantee that you secure any profits and limit your risk when your individual profit or loss risk targets are come to.

While not necessary, given the unpredictability in FX markets utilizing and understanding risk administration instruments, for example, stop-loss orders are basic.

A stop-loss arrange is a guidance to finish off a trade at a price more terrible than the present market level and, as the name recommends, is utilized to help limit losses. There are two kinds of stop-loss orders - standard and ensured.


5. Screen and close your trade

When open, your trade's profit and loss will now vary with each move in the market price.

You can track market prices, see your undiscovered profit/loss refresh progressively, join requests to open positions and include new trades or close existing trades from your PC or application on your cell phone and tablet.

6. Shutting your trade

When you are prepared to close your trade, you basically need to do the inverse to the opening trade. Assuming you purchased 3 CFDs to open, you would offer 3 CFDs to close. By shutting the trade, your net open profit and loss will be acknowledged and promptly reflected in your record money balance.

7. Forex trading precedents

Deliberately glance through the Forex trading precedents here to guarantee you see how Forex trading functions.

Mohammadi posted:
The best broker is a broker which for all time makes sure security of funds at any deposits with a wide range of trading technologies. And any best broker does not restrict any kinds of trading techniques with scalping and hedging.

78678676 posted:
I agree. Choosing a broker which provides security of funds and lowest spreads is important.

sgtmarkets posted:
Best 7 Easy Peasy Online Trading Tips:

1. Pick a currency pair

Choose which currency pair you wish to trade. With more than 65 currency pairs to browse, picking a trading opportunity to believe it or not for you is essential.

We prescribe that you set aside your opportunity to comprehend the measure of price instability related to the currency pair to help deal with your risk.

2. Settle on the sort of FX trade

In spread wagering, you trade pounds per point development

In CFD trading you trade various CFDs in the unit of the construct (currency in light of the left). For instance, on the off chance that you trade GBP/USD your stake would be in Pounds, while in USD/JPY your stake would be in US Dollars

In Forex trading you purchase parts, in the unit of the construct (currency in light of the left)

For instance, on the off chance that you trade GBP/USD your stake would be in Pounds, while in USD/JPY your stake would be in US Dollars (the base stake size is 1000)

3. Choose to purchase or offer

When you have picked a market, you have to know the present price it is trading at, which you can do by raising a request ticket in the stage. All forex is cited as far as one currency versus another. Every currency pair has a 'base' currency and a 'quote' currency. The construct currency is the currency in light of the left of the currency pair and the statement currency is on the right. Put just, when trading foreign monetary standards, you would:

Purchase a currency pair in the event that you trusted that the base currency will fortify against the statement currency, or the statement currency will debilitate against the base currency.


4. Including orders

A request is a guidance to naturally trade at a point later on when prices achieve a particular level foreordained by you. You can use stop and confine requests to help guarantee that you secure any profits and limit your risk when your individual profit or loss risk targets are come to.

While not necessary, given the unpredictability in FX markets utilizing and understanding risk administration instruments, for example, stop-loss orders are basic.

A stop-loss arrange is a guidance to finish off a trade at a price more terrible than the present market level and, as the name recommends, is utilized to help limit losses. There are two kinds of stop-loss orders - standard and ensured.


5. Screen and close your trade

When open, your trade's profit and loss will now vary with each move in the market price.

You can track market prices, see your undiscovered profit/loss refresh progressively, join requests to open positions and include new trades or close existing trades from your PC or application on your cell phone and tablet.

6. Shutting your trade

When you are prepared to close your trade, you basically need to do the inverse to the opening trade. Assuming you purchased 3 CFDs to open, you would offer 3 CFDs to close. By shutting the trade, your net open profit and loss will be acknowledged and promptly reflected in your record money balance.

7. Forex trading precedents

Deliberately glance through the Forex trading precedents here to guarantee you see how Forex trading functions.

Davidtaylorr posted:
Make sure the broker you choose caters to your trading needs and has low transaction fees. The spreads it offers should be tight.