If you decided to become a Forex trader the very first thing you have to do is to choose a good Forex broker. For a beginner it can be a real challenge. A broker is a person or a company that buys and sells orders according to the trader's decisions. Brokers earn money by charging a commission or a fee for their services. There is a great deal of on-line Forex companies and it is very difficult to choose one to entrust money.

The main factor you should pay attention to is reliability of a company you are going to work with. In order to minimize financial risks it is strongly recommended to choose a regulated Forex broker supervised by a trustworthy regulatory authority (such as NFA, CFTC in United States; CIPF, OSC, BCSC in Canada; FFAJ in Japan; ARIF, FDF, GSCGI in Switzerland).

You should make a serious research selecting a company you are going to deal with. Try to f ... Read more »