One of the most important steps when you begin the process of Forex trading is to choose a broker that adapt to your needs. Perhaps the most important factors to be taken into account are:
With license of Broker of Forex
Forex brokerage must be compatible with all commercial laws, and every commercial area needs its own license.
Forex Trading tools
Of course, you will have many commercial tools to help you make decisions based on reliable trading signals, allowing you to achieve your desired goals. Perhaps the most important tools of technical analysis are letters in its many forms; the best broker for you is the person that provides all the tools of Forex that you need and none of which does not.
Negotiation of fees
Does your broker your money from the small fee you pay whenever you make a trade? While that no one likes to pay fees, a brokerage in Forex which does not charge them must be addressed carefully. The reason is, if they are not making money in fees for his trade, which means that they are making money by hedging operations, essentially betting against you. This creates a conflict of interest that must be weighed carefully before selecting your Forex broker.