1. Organization
This may seem obvious, but that many new traders do not have the knowledge of the different regulators could exist. If you are using one of the Forex, you must ensure that this company is organized and legal. You should also drew attention to the place where the legislation of this company, this is one of the things that most people overlooked. Generally, you should be looking for state legislation known as the welcoming investment (at least in regard to the laws).
A famous places in Altharih is the "Cyprus", and the reason for this is that the Cypriot authorities more smoothly with respect to the laws of trading in the Forex market. When the legislation there, you can say that you have legislation in the countries of the European Union, and is true in terms of technique. But you can say that you have the legislation in "North America" by enrolling in "Mexico", and applies the same strict protections they receive in the United States or in Canada. Logic sees folly in this debate.
2. Chart
Believe it or not that not all companies offer forex chart the price movement in the Forex market. This problem started shrinking slowly, but there are some who do not provide these fees, and they usually provide "electronic communication network", and sell some additions to the graph, such as "Ninja Tryder." The provision of the graph is a proper indication of the credibility of the company Forex, and failure to provide this is a sign that this company is less reliable than its competitors.
3. Currency pairs
Did not provide all the same Forex currency pairs. Displays some 100 pairs, while others may offer 20 pairs of couples only rolling stock, for example. Which couples a surprise for everyone this topic is the currency pair CAD / JPY, as that since the Canadian dollar and Japanese yen are two of the major currencies, the majority of traders assume that the pair will be displayed. Will vary all the Forex, and for this it is important to review the minutes of the pairs displayed, The last thing you want to do is quickly close the account because of an error stray.
4. Power
Depending on where you live, the force may vary. Power gives you the ability to trade large amounts of currency against a small deposit. Some Forex firms offer the strength of up to 700:1, and depending on your trading style, this may be a useful force or bad.
Through 700:1, you can control the amount of $ 700 for every one dollar you deposit, and for this reason it is possible to increase the power of your revenue in the market, and your losses as well, power is something that should be used in moderation.
Should also be aware that regulatory authorities in the United States has recently reduced the value of the power that the U.S. can use to 50:1 to 20:1 and the main pairs of intersections.
5. Daily
When you learn trading in the Forex market, it is useful or you have the daily technical analysis of the Forex market that can read and understand. Some companies, Forex very generous with what they offer in relation to such matters, and many of them today they employ professional technical analysts who send newsletters on a daily basis, and is very useful for the new trader.
When you search for a company doing business along with FX, do not forget that this company found customer service, and it is useful to look at the market, as is the case with any other purchase. These companies deliberately to the intense competition in many of the properties, and through a little research you can get much more than aware.
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