CHOOSING THE RIGHT FOREX BROKER IS CRUCIAL TO FOREX TRADING

There are certain qualities features you must look for , in the choice
of a forex broker. These are as follows:

1.  Approval status: You must be able to confirm that the forex
broker is properly regulated by a well recognized regulatory body.
Not just an unknown name registered in an isolated Island, whose
credibility cannot be ascertained. Some seven years ago, some
brokers like: North finance and a couple of others in Cyprus were
able to dupe us. Check the REVIEWS in Forex Peace Army.

2.  You must make sure the operations Head Quarters of the broker
is not an obscure place. The location must be accessible to people
and clear for every body to locate at any point in time.

3.  Most importantly, the objectives of the broker and the statement
of intent, whether it is quite understandable and precise. Make sure
the contract and user agreement/undertaking is well laid out and
that you are satisfied with it.

4.  The type of brokerage offered and the kind of platforms available
for traders to use. You must only go for the platform that suits your
trading style. Depending on your trading strategy, you must cross check
with other traders to find out the type of platform suitable for your kind
of trading. For instance, if you are involved in news trading, forget about
those platforms that are not Electronic Communication Network (ECN).
Execution is the most important element in news trading and not all brokers
welcome news traders. Before you choose a forex broker, you must check
the REVIEWS posted by those you must have dealt with such brokers.

5.  Liquidity. You must find out who are the liquidity providers and whether
there is enough volume always available. You will be shocked that, as soon
as you have a great trade to execute, the platform will either be frozen or
the currency pairs will disappear from the platform with a message that
such currency pairs are no longer available for trading, what a SHAME.
This happened to me last year with a so called popular broker, I do not
want to mention the name. Just because of EU interest rate cut in November
2013, before I could place a trade, all the EUR pairs have disappeared from
the platform, with a message that those currency pairs were no longer available
for trading. I have since closed my account with them.

You  must be careful, so that you do not fall as prey  to these VULTURES
who made us their victims in the past.
You can ask questions and make a request to recommend a broker to you.
Be wise and learn from our past mistakes.