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Forex Trading Broker

Written by ForexCult Team
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Forex Trading Broker If you are going to be trading forex in the forex market, it is important that if you are a beginner in the market that you find a broker to represent you when you are trading so that you are not prone to make the same mistakes that so many other people have made in the past. Beginners are known to enter the market and think that they are just going to take off and before they realize what is going on they have lost all of their investment. I am not saying that you can not make it as a beginner in the market on your own because if you have the proper knowledge of the market and you have study the information that is provided on the market, then you will have the chance to soar in the forex market. But if you are someone that is just beginning without any knowledge or with enough knowledge that you still do not feel comfortable in the market, then you need to make sure that you take the time to talk to a forex trading broker. Finding the Right Forex Trading Broker When you are looking for a forex trading broker, it is important that you take the time to do a little research on the companies that are out there as well as the broker himself. You are going to need to be cautious when you are putting your trading in the hands of someone else. The first thing that you should do is get online and talk in online forums so that you can see if you can talk to someone that has first hand experience with a particular broker that they may want to recommend or if you have already found a broker that you are interested in but you need to know a little information on him for someone who has had some experience working with him in the past. You need to get information regarding his reputation as well as his experience with forex trading. After all he will be handling your needs when it comes to trading and you do not want someone that is going to be misleading you in anyway. Due to the global nature of the Easy Forex, there is certainly a really diverse range of the financial regulatory environments that is all depending upon where the broker is based. You need to know that the United States is considered to be one of the most popular unregulated countries that there are so if you take that into consideration, you are going to need to make sure that you do your homework. The Right Forex Trading Broker If you hear of a forex trading broker that isn’t what he is supposed to be, don’t worry, there is a forex trading broker out there that is willing to provide you with the customer service that you need as well as the best value for your money as well. A forex trading broker is paid to help you in the forex trading market not the other way around and there is a forex trading broker out there that understands and values that piece of information because they know if you are happy that you will continue to come back to them in the future when you need them and that you will also refer someone else to them that means that they will be making even more money in the end. You will notice that finding the right forex trading broker is going to take time in which you should be patient and understanding so that you are able to look clearly at the information that you find about the forex trading broker as well as effort because you are going to have to put forth a honest effort in order to make sure that you find the right forex trading broker for you. Make sure that during this process that you are skeptical, you should make sure that you look into nay claims that there may be about high returns as well as low margins. You need to make sure that you especially look into this information if the company is being vague about the risks that are involved in the trading as well as if they are being a little shady when it comes to the financial information of the company. As you know, the low margins sound good, but there may be a chance that the broker is actually speculating against you and that he is relying on the low margin to stop your gains.

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Which is the Best Forex Broker you have traded with?

Interview with Matthew Sheppard

Senior Forex Advisor at XForex

1. What is your name and position?

Hello, my name is Matthew Sheppard and I am a senior forex advisor at XForex.

2. What is your experience and professional background?

In the last 6 years I had filled several positions in financial institutions such as a stock broker, a foreign exchange desk manager, a financial consultant and in my recent role I serve as a senior Forex advisor for XForex which is an online forex company.

3. What type of clients you deal with?

We deal with clients on all levels from the beginning stages to the more advanced trading levels.

4. Does most of your business activity come from the online or offline world?

Because of our high presence on the web, most of our business comes from the online world.

5. Why should a trader pick XForex from all forex brokers?

Aside from all the benefits that XForex offer like commission-free trading, 24/7 online support, high leverage (200:1), XForex offers educational and learning trading experience that you won’t find anywhere else..

Our team of experts and financial trainers provide personal assistance and guide clients to financial success. We provide daily analysis and market reviews to our clients giving them a better understanding of the market and helping them trade profitably.

6. From your experience, what advice would you give a person who wants to enter the forex world?

My advice to the beginning trader entering the Forex world is as follows:
  • Learn the market and understand what you’re getting into.
  • Research and find the broker that suits your needs and wants. Look for a good offering but more importantly customer service, don’t go for the low rates offer without being certain they have a good customer service department. From my extensive experience in the Forex world your key to success will be your client-broker relationship. I can honestly say that at XForex they put an emphasis on servicing clients, which is so important.
  • Invest smartly and calculate your risks.
  • Always know when to get out of a trade.

Broker of the Month

5_small_logoUFXBank provide up-to-date charts and news feeds, coupled with an easily navigated trading platform. UFXBank traders can access the biggest market in the world 24 hours a day with ease.

By keeping their platform, site and deposit process simple, safe and secure, UFXBank have become the web’s premier online forex trader.