Before buying a car, you always go for a test drive. A forex broker since , TradeKing offers a robust Frequently Asked Forex Questions and glossary, an education tab on their website that explains the basics, technical analysis , and fundamental analysis , as well as premium education available for a fee. Average spreads can fluctuate between 1 pips to 5 pips on the major currency pairs, while ECN Forex brokers may offer raw spreads starting from 0 pips. E-mails and online contact forms may involve a delayed response and tend to take longer when it comes to resolving an issue. As the head of research here at StockBrokers.
Of course, that means you can also profit at the same speed, which — combined with liquidity — is what attracts investors to currency trading. When selecting your forex broker, you should consider trading platforms and tools, the number of currency pairs offered, .
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How to Choose a Forex Broker
A forex broker since , OANDA offers demo accounts that do not expire, giving you the ability to practice trading until you are ready to go live. Click on “Academy” for webinars (live or archived), trading basics, and scheduled learning events. Forex, or FX, trading is a more advanced type of investment that is best suited for experienced traders. If you re well versed in day trading or options trading, forex may be a challenge worth accepting. Trading with the right forex broker is critical to success in the international currency markets. As a currency investor, you may have specific platform, tool, or research needs that should be met. Understanding your investment style can help determine which .