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Forex
How To Choose A Good Forex Broker
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[QUOTE="Jasz, post: 225748, member: 61772"] A Forex broker is a company that acts as an intermediary between traders and the international currency market. They offer their clients the opportunity to trade currencies, commodity futures, indices, and CFDs. Forex brokers use a software known as a trading platform that allows you to buy and sell with ease, and this is the interface which allows you to make trades. Most brokers will offer a demo account before going live. It's recommended that you make practice trades first using virtual money until you become comfortable with how the process works. You can get used to the different types of orders and how they can be placed when trading on such platforms. When you're looking for a good Forex broker, consider several factors: * Choose a broker that offers competitive spreads on major currency pairs. These are usually 2-5 pips but can vary depending on your location - falling within this range is considered normal; anything outside of it should be cause for concern. * Find one that offers various platforms like MetaTrader 4 or Webtrader so there's no need to install any software; this will save time while also giving you access wherever you are in the world! * Make sure they have good customer support available 24 hours per day (including weekends) because [/QUOTE]
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