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How to Choose a Forex Broker

7 Years ago | September 19, 2013 00:00:00

When you look at a website all brokers seem to look alike. It is easy to create a professional looking website and make an enticing case for opening an account. However, when you look further, there may be major differences and how a broker actually performs may not become evident until you trade a live account. For what a trader may be entitled to, see Traders Bill of Rights.

So the question is how should you go about selecting a broker that meets your needs?

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DISCLAIMER - FOREIGN EXCHANGE TRADING AND INVESTMENT IN DERIVATIVES CAN BE VERY SPECULATIVE AND MAY RESULT LOSSES AS WELL AS PROFITS. FOREIGN EXCHANGE AND DERIVATIVES TRADING IS NOT SUITABLE FOR MANY MEMBERS OF THE PUBLIC AND ONLY RISK CAPITAL SHOULD BE APPLIED. THE WEBSITE DOES NOT TAKE INTO ACCOUNT SPECIAL INVESTMENT GOALS. THE FINANCIAL SITUATION OR SPECIFIC REQUIREMENTS OF INDIVIDUAL USERS. YOU SHOULD CAREFULLY CONSIDER YOUR FINANCIAL SITUATION AND CONSULT YOUR FINANCIAL ADVISORS AS TO THE SUITABILITY TO YOUR SITUATION PRIOR TO MAKING ANY INVESTMENT OR ENTERING INTO ANY TRANSACTIONS.

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How to Choose a Forex Broker