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Tips For Choosing A Great Forex Broker - Business - Nairaland

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Tips For Choosing A Great Forex Broker by Justforex123(f): 9:40am On Jan 02, 2018
Tips for choosing a great Forex broker

The importance of choice of broker cannot be overemphasized.
As choosing the wrong broker will cause any trader a lot of heart ache and pains.

So, here are some points to consider when choosing a broker.

1.Open a demo account and try them out.
Demo accounts provide an opportunity to trade in conditions so close to real.
Is their trading platform user friendly and stable?
Does the trading software suit your expectations?
Try JustForex demo account (https://justforex.com/education/practice-account-opening).

2. Evaluate the broker’s trading conditions.
Spread size, currency pairs, minimum requirements, bonuses.
Test your trading strategy.
Some brokers do not allow some trading strategies.

3. Avoid DD (Dealing Desk) brokers.
Instead, choose NDD brokers (Non-Dealing Desk).
Disadvantages of the dealing centers are in manipulation of quotes for their own benefit through controlling the price and information about clients’ orders.
To learn more about NDD brokers vs DD brokers, read this article (https://justforex.com/blog/how-to-choose-a-forex-broker/?afm=bcbbf6).

4.How efficient is their customer service?
A good broker has a qualified customer service that is always ready to provide you with fast and quality support 24/7.

​JustForex is a ​​reliable broker that allows all trading strategies​ and they have a superb trading conditions. Check them out on their website ​(https://justforex.com/?afm=bcbbf6​)​.

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