Looking for the best forex account?
What do you check and how do you find the best forex broker for you needs? What does it take to find a good forex account to be safe and concentrate on trading?
independentinvestor.com/forex/brokers/
Let's see what forex traders look for: Image
1. Reputation.
Do you read what other forex traders have to say about your broker? In fact, it will take you just a bit of time but you get to see what others think and how good your forex broker is. Don't underestimate the value of reviews.
2. Regulations.
It's needless to say that you should only trade with regulated forex brokers. Choose a broker which is regulated and avoid the bucket shops. You will benefit long term if your broker is regulated and your funds are protected.
3. Spreads.
Pay attention to the spreads; remember, forex brokers make money from the difference between ask and bid prices so the tighter spreads give you an advantage. The less you pay for your forex transactions, the more you save and profit.
4. Minimum deposit.
What is the minimum deposit with your broker. We all want to trade what we can afford to trade and that's why it's important to check with your broker how much you have to deposit before you can start trading forex.
5. Margin and Leverage.
Leverage plays a massive role in forex trading an you need to make sure you understand how leverage works and most important you don't over-leverage yourself. Trade with the leverage you're comfortable with.
6. Forex Trading Platform.
There are many great forex trading software on the market but it's still important to use the platform you like and find easy. It is important you understand your trading platform and know how to use it.
When it comes to selecting a forex broker it is important to weigh all the pros and cons to make sure you're happy with the broker of your choice.

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More from @ininvestor

8 Jan
What is the deference between Contracts For Difference and financial spread betting?
Let's get the main points right and see what they have in common and where they actually differ.
spread betting vs CFDs
independentinvestor.com/cfd/cfds-vs-sp… Image
1. Both, spread betting and CFDs, offer a wide range of markets to trade; you literally can trade practically anything with both instruments - indices, shares, commodities, cryptos, forex, etc. It's incredible, you can trade almost anything.
2. Tax Treatment. That's where it gets interesting as both offer tax advantages as you don't actually hold physical assets but and this is a big but, there's absolutely no tax on your profits from financial spread betting.
Read 7 tweets
7 Jan
What is the best spread betting broker?
This is the questions many might be asking and there is no right or wrong answer.
But there are ways to find the best spread betting companies and here are some tips:
independentinvestor.com/spread-betting… Image
1. Regulation. Make sure your financial spread betting broker is regulated by the FCA. The FCA do their best to protect spread betting traders and anybody involved in trading financial markets to make sure people only trading with reliable brokers.
2. Spreads and overnight charges. Those will play a huge role in your trading career as every single penny you pay in charges is a penny saved and thus profit. Make sure you compare and read reviews about spread betting brokers.
Read 6 tweets
6 Jan
Why is forex trading so popular in the UK?
We can see that forex trading is still a thing in many countries but why is it still so popular in Great Britain in particular? What is that makes Brits trade forex? Image
1. London is the financial capital of Europe. Whether you like it or not, London is still there and kicking. This makes the UK the major hub for financial institutions and forex brokers in particular.
independentinvestor.com/forex/brokers/…
2. FCA regulation. After the Brexit so many expected forex and other brokers to leave London and move somewhere else. What really happened? More international brokerages applied for the FCA regulation. Like it or not... FCA is the name in the industry.
Read 6 tweets
4 Jan
Is CFD trading really popular and where?
What makes CFDs so special and why in some countries they are so popular? Let's have a look at the countries where Contracts For Difference are popular.
It's no surprise that in these countries broker competition is fierce. Image
United Kingdom: it is no surprise that CFDs are very popular in the UK. British have a rich history of investing money in shares and other financial instruments and CFDs offer an easy way to trade a wide range of products.
independentinvestor.com/cfd/brokers/uk/
Australia: it's hard to say why CFDs are so popular there, maybe it's because of the close ties to the UK but it is a fact that CFDs are popular in Australia.
It is no surprise that it's home to some of the best and most trusted CFD brokers in the world.
independentinvestor.com/cfd/brokers/au…
Read 6 tweets
19 Dec 21
When it comes to finding a spread betting broker, we all want to have a reliable one so we could concentrate on our trading rather than dealing with the problems.
The thread covers the aspects of finding a good and reliable spread betting company.
#trading
independentinvestor.com/spread-betting… Image
Research
You only want to deal with a good broker so it would be a good idea to check forums and review sites to see what other spread bettors have to say about companies you are considering. It will take just a few minutes of your time but will pay off in the long run.
Spreads
Broker market is very competitive and spread traders surely benefit from this as spread betting providers had to cut their spreads to almost 0. If you're a long term trader you also have to pay overnight financing on top of spreads.
Read 9 tweets

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