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6 Tips for Finding the Perfect Brokers for Beginners

Today, more people are looking for the perfect brokers for beginners in trading forex. This market can be extremely complicated and difficult. During the beginning stage, 95 percent of traders lose all their money. There are many reasons for this failure, including lack of knowledge and experience. Besides, many beginners mistakenly choose demo accounts for practicing, which leads to negative effects. Some even jump into trading hastily with ECN accounts which only for professional traders. When I was a beginner, I experienced all these problems. I also looked for the best forex brokers and traded with them some time. Then, I lost all and I realized that there were no best brokers in the world. There are only the brokers that suit your needs and trading strategies. These brokers are called perfect brokers which can help you succeed in this market. From my experience, I will recommend some ways for picking the perfect brokers for beginners.

6 lời khuyên để tìm nhà môi giới hoàn hảo cho người mới bắt đầu

  1. Looking for reliable brokers

In my opinion, the perfect brokers are the brokers that have reliable regulations. These regulations should be licensed by reliable regulatory organizations. For example: FCA (United Kingdom), NFA, CFTC (United States), ASIC (Australia), FSA (Japan) and CySEC (Cyprus). To find out which brokers are reliable, you can also check their search traffic and rankings. Reliable brokers usually solve the problem quickly and treat their traders well, thus ranking high. But, only those who want to invest large amounts of money pay attention to these brokers. Beginners often open an account with a small deposit, so they don't worry about scams.By using the Internet, I found some good and những sàn forex chất lượng that may be suitable for beginners. These include Exness (ranked 8/10), XM.com (ranked 7.5 / 10), FxPro (ranked 6/10) and Forex.com (ranked 6/10).

CLICK HERE TO SEE THE MOST RELIABLE BROKERS IN THE WORLD .

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  1. Minimum deposit check

Personally, I think the perfect broker for beginners should require low minimum deposits. As mentioned earlier, most traders lose all their money from the beginning. So they look for brokers with low deposit requirements to reduce losses. During this period, I strongly recommend sending less than $ 100 for 3 trading months. Professional traders do not pay attention to this factor. Instead, they are concerned about spreads, commissions, leverage and quality quotes.

Many beginners choose a demo account to practice before starting to actually trade. However, I think cent accounts are the best choice for them. Cent accounts do not require a minimum deposit and they offer very real trading conditions. Especially in Exness, you can deposit as low as $ 1 or how much you want. Moreover, you will get real money if you win these accounts. Therefore, I recommend you to choose a cent account if you are a beginner and want to learn about trading issues.

  1. Consider small batch transactions

A standard lot in forex trading is 100,000 currency units. It is too high for beginners. But, there are also lots of nano, micro and mini lots that require 100, 1,000 and 10,000 units respectively. The perfect broker for beginners should offer lots of small lots. For example 0.0001 USD for each lot in USD. I recommend beginners trade small or micro lots to open the smallest positions possible. Cen accounts may be the best option for you. As mentioned, these accounts require very low minimum lot transactions. Besides, you can deposit $ 10 per transaction per month, very low. You can withdraw money if you win a cent account.Some brokers even allow you to deposit the way you want. Those brokers are Exness, FBS and XM.

CLICK HERE to view FOREX ACCOUNT TYPES .

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  1. Decide on the trading system

Another factor that beginners should consider when choosing a perfect broker is their trading system. So check if the broker you want to choose meets the following requirements.

First, they should have different payment methods. Beginners should consider sending money with Visa / Master. This is one of the easiest payment methods for beginners to trade.

Secondly, they should have an easy and convenient way to trade. There are many different methods of trading forex. Beginners should choose web trading or web terminal for easy trading during this period. When you have enough knowledge and experience, you can trade MT4 / MT5.

Good trading system is very important for beginners. They can save time, eliminate perceived biases, and achieve positive trading results. So consider trading with brokers who have a good and easy trading system.

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  1. Check local support

Trading forex is very difficult for beginners. When I started my trading career, I had security and login issues. At that time, I always sought help and advice from my broker. According to my observations, many other traders had the same problem at first. Therefore, I suggest beginners choose brokers with good local support and customer care. In particular, the perfect broker for beginners should meet the following requirements.

First, they should support you in your language.

Secondly, they should have an office in your country. This can help solve your transaction problem faster. And if the broker cheats on you, the laws in your country will protect you.

Lastly, they should provide 24/7 customer support.

I know some brokers who meet the above standards, like Exness, FxPro and XM. In particular, Exness supports their traders in 13 different languages. Besides, they have regional offices in most Asian countries. In some unpopular areas, they provide phone support and live chat.


  1. Check out the training program

Beginners that want to learn and improve trading skills should focus on this factor. Currently, some brokers provide their traders with weekly or monthly training courses. These programs and courses are very beneficial for beginners, but can require deposit. So if you’re interested in these programs, you can register account and deposit money. After finishing the trading courses, you can change to a better broker that suits your needs and strategies. And, remember to choose only the reliable brokers that require low deposit. XM is one of the big forex brokers that offer many training programs. You can consider this broker if you want to learn more about forex trading.

Trên đây là sáu lời khuyên để tìm nhà môi giới hoàn hảo cho người mới bắt đầu. Tôi hy vọng rằng kiến ​​thức và kinh nghiệm của tôi có thể cung cấp cho bạn thông tin có giá trị. Nếu bạn chỉ mới bắt đầu giao dịch, hãy xem xét những lời khuyên này một cách cẩn thận.


by brianjesse | 2018-10-01 06:06

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