The first particular step to your successful trading is to choose a Forex broker. Before you can make a responsible decision, you should answer many questions. Brokers' revenue and available information will not facilitate this. The following sections will provide you with information on how to overcome the issues you may encounter when selecting a Forex broker.

There is no way to move forward without a Forex broker, and choosing the right one is extremely important. This is why this topic is highly discussed throughout Forex forums.

A broker is an individual or company that buys and sells orders according to the retailer, so you need to set up an account before you start trading Forex. It is likely that brokers make their living from either charging a fee for their services or (more often) from the spread. With so many brokers offering their services online, you may feel overwhelmed and helpless by so much information that you don't know how to handle. Choosing the right broker is not an easy task.

There are thousands of brokers, from the solid and reliable ones to the dishonest and crooked ones trying to pluck their clients. It is important that you examine published references and follow the advices to avoid sophisticated marketing brainwashing. You should use a broker as a mediator between you and the market. Its main task is to fulfill your orders to buy and sell currencies. A reliable platform and fast transfer of money to him and back should be standard services provided by all brokers.

The parameters you choose should reflect your trading style (fees, spreads, etc.) and not peripheral factors like language support or assistance on what to buy or sell.