The planet may already have too many Forex broker companies by now. The good, the bad and the ugly.

What do you need from a Currency trading broker?

First of all you can't trade currencies without a Forex broker so you need to signup with one for certain. You may perhaps want to branch out and sign up with quite a few. diversifying in Forex trading is an improvement. specially because minor accounts are much better picks for starters. Starters can find out a lot about the ins and outs of the Forex game so it is never suggested to dawn in Forex with more than a couple of thousand US dollars type of account

In today's Foreign currency investing lots of things have distorted for those who live in the united states. US residents are now deprived from the bona fide Forex investing liberty and there are a lot fewer options for US residents when it comes to brokers. All US accounts must be held with US brokers who are required by US laws to enforce the new trading regulations of 50:1 leverage and no hedging or opposite trades on same currency on same account. All while in other part of the world leverage as high as 1000:1 is accessible. Picture being able to buy a standard lot EURUSD with an account that you only put a couple of hundred dollars into. while with your US broker you can hardly move a micro lot with a similar size account.

So lets think we are not in the USA and we are looking for a Forex broker. First thing we need to look for is if they have the Metatrader terminal offered, once we have an ok on that, we should consider creating a demo account. Most brokers usually let you do that on their website after filling out a little form as a process to capture a lead. No problem go ahead and provide your email address to get the Metatrader. they usually try to get in touch with you via email and remind about their services.

Once you have your demo account login and setup the Mt4 trading platform on your PC you are ready to encounter Forex trading without risking any real cash. You may not need to learn a lot to start trading. Just visit autoforexbody and get their top notch trading robot to start trading robotically on your demo account meanwhile you continue to increase your knowledge of Forex investing and brokers.

Go ahead and get a hold of few other MetaTraders from many other Forex account and setup the robot on them, start different sizes of accounts and continue trying brokers for a while. get to chats with these brokers and see how helpful and how they compare. take a look at all the demo accounts you started and maybe you can see one or two that executed well and got no errors or missed trades. maybe you should check out your brokers now with small real accounts.

Begin your new year with a Forex account. again it does not have to be a big one. who knows it could be 10 times bigger by year's end. or if you are not doing it right, it could be nothing. because this is Forex