Forex Trading – How Should You Choose Your Forex Broker?
work for you. A broker is someone who executes trades according to what you want; he or she earns a commission on each trade.
However, there are a lot of brokers, so they’re competing for your business and it can be hard to figure out which is best for you. Following are some tips to help you find the right one.
Focus on the following:
Transaction costs.
Brokers are paid by the bid/ask spread in forex trading. You should have no hidden fees or charges. However, you might incur additional charges if you want to access certain reports or optional services.