If you have decided to invest in Forex currency trading, you have
a responsibility to yourself to do the required due diligence about
this risky business. One critical thing you need to do is to update
yourself with the latest currency trading reviews. When you surf the
internet, you will be amazed at the number of websites doing forums,
seminars and reviews. When it comes to currency trading reviews, you
must spend time to compare and study available reviews and comments.
There
is lot of discernment to be done in scanning these reviews. Basically,
it is important to look into the reviews of online Fx brokers who are
active in the business. How about the category of education reviews
being offered out there by Forex gurus?
Under this topic, you can
learn lots of things from the reviews made about self-study courses in
general. There are also negative and positive reviews you will encounter
about 1 on 1 training, seminars, books, magazines, blogs, live
training, etc being offered online together with their freebies.
With
respect to the tools category, you will find lots of reviews about
charts, software, news, calendar, reference and hardware. Now, the
systems category is fascinating. It is broken down to automated and
non-automated system. About the automation, you will be curious about
lots of robots doing the trading for the investors and allegedly making a
lot of money. Lastly, the category under services is also critical.
Under it comes the FX signals, managed accounts, trade advisories,
research and analysis reviews.
Some fly-by-night Fx operators take
advantage of the excitement and ignorance of beginners and mislead them
to believe in fake positive reviews. Remember that the Forex market
does not yet have a specific regulatory body. So, be wary of Forex
review sites by doing some background and reference checks. Go to sites
where reviews are true and unbiased and coming from both the traders and
the brokers' perspective. One website you can visit is that of Forex
Justice whose mission is to minimize Forex scammers.
The website
of bestonlineForexbrokers.com came up with a list of the top online
Forex brokers around the world review. They were rated from more than
400 Forex brokers listed in their website. The criteria for inclusion is
an independent trading rating of 6.8 out of ten based on collected data
from many Forex traders around the world and other salient
requirements.
Their top Forex broker is Hot Forex based in Port
Louis, Mauritius and founded in 2007. Its business model is ECN/STP with
Metatrader 4 and Currenex as platform. You can open a minimum $25
account. Their minimum transaction is for 1000 units with a maximum
leverage margin of 500:1. This Forex broker has been doing online
trading since 2010. Its typical spread on majors is 0.3-2 pips. It has
an 8.7% independent rating.
Another Fx broker with an independent
rating of 8.53% is Trading Point based in Limassol, Cyprus and founded
in 2009. It began its online Forex trading in 2009. Its business model
is STP and Metatrader 4 as its platform. Its transactions were regulated
by FSA, BaFin and CySec. Its minimum account is $1 with a minimum
transaction of 10 units. It has a maximum leverage of 500:1 with a
typical spread on majors of 1-3 pips. Other Forex brokers you may want
to review are Delta Stock AD, Loyal Forex Financial Ltd, Exness, Windsor
Brokers Ltd, MB Trading, Ipipfix, Forex4you, Alpari (UK) Ltd.,
4RunnerForex, Dukascopy Swiss Forex Bank, e-toro, LiteForex,
Fastbrokers, Tadawul FX, ForexCT, FIG Solutions Ltd., IFC Markets Corp.
and Avail Trading Corp. All of them have received high independent
trading ratings.
Remember that the Forex broker review is just one
important aspect of a responsible currency trading review. You also
need to look into the other reviews under the other categories listed in
the beginning of this article. If you follow these important
guidelines, your percentage of success when you actually play the Forex
game will definitely be above average.
My name is Alex DeGuzman and I am an expert in providing useful
tips for forex trading for beginners
[http://www.forextrading-online.org/usefultipsonforextradingforbeginners.php].
Please visit my site at [http://forextrading-online.org] to find proven
tips to succeed in forex trading online.
