How to Choose a Forex Broker

One of the biggest steps for someone who is just getting started in forex is picking a broker. As i stated in Forex Trading Systems a good broker can make all the difference between making money and losing money.

Before we even get into picking a broker i need to explain the purpose of demo accounts. Demo accounts are a livesaver, when it comes to picking a forex broker. Demo accounts are basically the equivalent of a free trail. They let you try out the companies system with fake money, to see if you like how it works. Not only is this a great tool to use before commiting to a broker, it also a great learning tool. Most demo accounts last 30 days or more, this gives the begginer time to learn the market, and how things work. Although you won't make any money this can gurantee that when you invest your own hard earned cash, you will see profits.

This is a great feature and i would strongly reccomend it before commiting to a forex broker. After you have demoed the brokers account and like the way it works, its time to start investing real money! If you follwed the tips above you should have no problem pulling in some cash within your first month!