What is a Broker?
Today brokers are part of modern life and their services have become very popular. Broker is specialized companies or people that provide services of intermediaries between the customer and the company. Anyway each person has ever used the services of a broker. Brokers earn that take a small percentage commission for their services.
Financial broker engaged in mediation in the field of financial services. They operate on the stock exchanges (including Forex) and engaged in the purchase and sale of shares, securities, commodities and currencies. Only brokers provide access to a trading platform for the Forex market. Brokers companies provide leverage for beginning traders whereby traders can participate in larger transactions of purchase or sale from the first day on the Forex. Brokers also provide services for trade-based learning in the foreign exchange markets, and provide analytical information for the experienced market participants. Financial brokers earn by charging a commission on each transaction concluded by the trader. So each broker is interested in the fact that traders make as many transactions in the foreign exchange market.
How To Choose A Broker?
Choosing a reliable broker is the most important task for the novice trader. Because it is the work of a broker depends on the future success of all trading operations. When choosing a broker, you should be very careful and pay attention to everything: to create history, location, market conditions and the type of regulation and more. Choosing a broker is best carried out in comparison. It is not necessary to believe bright advertising slogans. Better to spend some time to find a reliable broker. Basic criteria for evaluation and comparison of brokers are experience in the market, leverage size, the size of the trading account and the minimum trading position, having additional financial services, amount of commission and reviews of broker.