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Forex AutoMoney is a Forex trading system which works mainly by delivering Forex trading
signals, also known as indicators, which tell you which currency pair to trade. In other words,
it takes the mystery away from Forex trading, thus leveling the playing field and giving everybody
a chance to profit from this great opportunity.

 

 
 
Tags:  what is forex  about forex  forex trading  forex  what is forex trading  currency trading  fx trading  fx forex  forex factoryforex currency trading  forex system  forextrading  trade forex  forex broker  forex trader  forex signal  forex trading forex 
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Published:  January 07, 2012
 
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Slide 1: ==== ==== This Weird Trick They Want To Keep Away From You: http://preview.tinyurl.com/78def7o ==== ==== We have had people ask us how to choose a Forex broker for online forex trading. Here we will discuss in detail what we think you should know about choosing a forex broker. Low Spreads or Transaction Fees Online Forex Trading Transaction costs are calculated in pips. The lower the better. Generally, spreads are currently between 2-5 pips on average. Be careful of forex brokers advertising 0 pip spreads. They are likely charging fees in some other way. Leverage Options and Margin Requirements Leverage can be a good thing, or a bad thing, depending on how you use it. Better brokers will have different leverage options, meaning a selection of leverage ratios. Perhaps a 400:1 leverage ratio is too high for you. Do they have a 200:1, or 100:1 option? You need a forex broker that can offer the leverage values you want. Most online forex brokers pay interest on a trader's margin account. Keep in mind that most forex brokers do not allow you to accrue interest unless your margin requirement is at least 2% (50:1). Forex Brokers Customer Service Almost nothing is as valuable as good customer service, especially with online forex trading. Even if you don't use it, you should have access to some minimum service requirements. Does the Forex broker have 24-hour support? Can you contact them by phone? Email? Chat? When you talk to them, do the people seem knowledgeable? A word of caution... service might be better before you open and fund a real money account. If you find that to be the case, withdraw your money and move on to a new forex broker. Quality of the Forex Broker You want to make sure you have a quality broker. Forex brokers are not required to be registered or regulated with any agency, since the Forex market is labeled as an "unregulated" market. However, the better brokers will typically be registered as a Futures Commission Merchant (FMC) as well as being regulated by the Commodity Futures Trading Commission (CFTC) and a member of the National Futures Association (NFA). Forex Brokers Trading Tools and Research Better brokers have trading tools available for their account holders to aid them in their forex
Slide 2: trading. Also, most brokers will have some form of research available or displayed directly on their trading site. Online Forex Trading Platform Most, if not all, Forex brokers allow trading over the Internet. The backbone of any online forex trading platform is their software system and as such is very important. Forex Brokers Available Currency Pairs Make sure that the prospective broker offers, at minimum, the seven major currencies (AUD, CAD, CHF, EUR, GBP, JPY, and USD). Minimum Trading Size Requirement The size of one lot may differ between forex brokers, spanning from 1,000 to 100,000 units. If you are only starting an account with a couple hundred dollars, you'll want to find a forex broker that allows mini lot trades. Rollover Charges, Interest, or Swap Fees Rollover refers to the process of closing open positions for today's value date and opening the same position for the next day's value date at a price reflecting the difference in interest rates between the two currencies. This is also known as Interest or Swap Fees. Forex Broker Trading Hours Online forex trading occurs 24 hours a day between Sunday evening and Friday evening, so you will want to select a forex broker that will let you trade during all market hours. You can check out our recommended brokers section to see some of the forex brokers that we feel are worthwhile. Also, you can download our free Forex Broker Checklist to use for your broker search. Brought to you by 20MinuteTraders. http://www.20MinuteTraders.com (C) 2008 WHDCo, Inc. All rights reserved. Article Source: http://EzineArticles.com/?expert=Mark_K.
Slide 3: ==== ==== This Weird Trick They Want To Keep Away From You: http://preview.tinyurl.com/78def7o ==== ====

   
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