Picking The Right Forex Broker

Picking The Right Forex Broker

Picking the right forex broker is often the most important decision any new trader will make. In the past few years, there has been a virtual explosion in the number of forex brokers doing business. To the trader, this is great, as the number of brokers has helped lower the cost of trading and to provide better services and trading tools that were not available before.
Reputation is Everything

Unfortunately the foreign-exchange market is one of the most unregulated in the world, due in part to the fact that the exchange crosses national borders. With no authority to properly regulate the foreign exchange market, many investors find themselves with less than quality brokerages. It is recommended that each investor properly research each broker by searching for reviews about their service.