Every FX traders (Newbie or Experienced) need to open an account with a Forex broker in order to start trading. So what exactly is a broker or brokerage house? To put it simply, a broker is a company that place your buys or sells orders according to your decisions. Brokers earn money by charging a commission or a fee for their services.
When you started to pick up trading or get in touch with trading FX. You may feel overwhelmed and jump the gun at the first brokerage house that was introduced to you. My advise is, don't be lazy and DO YOUR HOMEWORK!!
Check out these details in your broker:
Is the Forex broker regulated?
Online Trading Platform
Customer Service
Mini & Micro Accounts
Broker Policies
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