Things to Know about Forex Trading and the Recommended Brokers to Chooseby Abi D. Marketing
To be successful in Forex trading, there are some tips and tricks to follow. One of them is by choosing the best Forex brokers.
There are many reasons why Forex trading is popular with many enthusiasts. This way of earning money can be conducted anywhere. The traders only need to turn on the laptop and connect to the internet. This way, they are able to transact from their account. This trading also doesn’t require certain degrees or educational backgrounds to start. Meanwhile, the profit to earn is also very promising with minimum investment.
Although it sounds easy, in fact, not all traders can be successful in it. There must be up-and-down processes before they are accustomed to in doing this activity. For beginners, some tips are necessary to follow in order to gain profit as well as avoid loss. First of all, it is by knowing the risk. Learning about trading is important to do in the beginning.
Second, a good trader must study more about strategies. Each decision should not be taken randomly since Forex trading is not the same as gambling. The third tip is by not involving emotion in trading since it may damage the trader’s account. The last one is by choosing the right broker. Many swindlers out there do their actions by disguising into a Forex broker. Meanwhile, at least, there are 10 Forex brokers that are recommended for the traders in order to avoid fraud and gain more income.
The first recommendation is a company named eToro with a minimum deposit of $200. It gains a rating of 5/ 5 with 80% success rate. The traders can trade in this broker without paying the trading commission. Second, there is For Trade with a minimum deposit of $100. The rating is also 5/ 5 with some following features; FCA regulated 200+ assets to trade, and 24 / 7 customer service.
Third, it is 24 Option with a rating of 4/ 5. Some reasons to choose this broker are as follows; 24 Option is an award-winning broker, providing advanced charting tools, and more. Fourth, Market.com is a broker with a minimum deposit of $100. The features available are advanced analysis tools, numerous trading instruments, and more.
Fifth, it is Think Markets that offers you a minimum deposit of $100. The rating is 4/ 5 with features of spreads reduction, advanced MT4, and FCA Regulated. Sixth, there is XT Online, another award-winning broker. It features advanced charting tools with more than 1500 global markets. The rating is high enough, 5/ 5.
Seventh, City Index is also available with a minimum deposit of $150. The features are including Trade FX as spread, and various types of trading platforms. Eight, Ava Trade is recommended for beginners who want to spend only a small amount of money. The minimum deposit is $100 and there is no commission required.
Ninth, IQ Option is another popular broker with a minimum deposit of only $10. The rating is 4/ 5 due to some features including advanced charting and One Click Trading. Lastly, Trade.com offers traders some features including no-exchange fees and user-friendly platforms. The rating is 4/ 5 with a minimum deposit of $100.
About Top 10 Trading Platforms
Top 10 Trading Platforms is a site that gives valid reviews regarding Forex brokers in the world. There are some brokers that are highly recommended due to some factors. They are including ratings, features, awards, and customers’ satisfaction. For more information, please visit https://www.top10tradingplatforms.com/forex-brokers/
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Created on Jul 15th 2019 19:42. Viewed 248 times.