Do you know any office where the manager has not run with the office money? It is very rare in an old office where they have many managers and all of them are working in the office without stealing office money. In past, it was a common scene to steal money from the office and flee away. In modern times, managers cannot run away even if they want because there are many surveillance cameras in the office and background check. If you are a manager, imagine, and working for a big company, it is not easy for you to run away with the big amount of money. Managers are like the bees who keep pollinating the flowers to make more honey. In business, they are the only representatives of the company who are giving the company profit money. If managers turned out to be dishonest, it is hard for a company to make money. The professional Australian traders always follow these simple logic and for this, they trade with the reputed broker like Saxo. If you trade with the reputed broker like Saxo then you will have access to the robust trading platform like SaxoTraderGo which will allow you to do the perfect technical analysis in the market. Role of reputed broker In your Forex trading, do not think you are the boss of your trading. You are not a company and you also need a guideline to trade the market. The role of brokers in Forex is like the managers. They manage the money of your account and they have many policies to attract the interested people in Forex trading. When you open your first account with the broker, it is important you know all their policies regarding market trading, investment withdrawal, and other money related schemes. The professional trader always spends a decent amount of money in search of the reputed broker since they know that without a perfect trading environment they will never be able to execute the best possible traders in their trading platform. Look out for fraud brokers As many people are interested in Forex, it is no surprise that there are many fraud brokers also in Forex. These brokers are always trying to get your money. When you are selecting your broker, do not select a broker if that broker sounds too good to be true. Most of the brokers cannot provide all the advantages you need. If your broker says they can give you all the advantages, you better select another broker. Forex market is competitive and every broker is almost similar in their policies. Watch out for their rating and reviews Watch out for broker’s rating and reviews. If your broker has a negative rating, do not mind to go that broker. Also, there are many websites which provide reviews of different brokers. See their ratings and reviews before you invest your money in that broker. Final preparation for trading Once you have found the perfect broker in the market it’s now time for you to develop your own trading strategy in the market. Most of the novice traders in the forex market loses a huge amount of money since they start their trading career without knowing the market details. Unlike the professional traders, they simply execute random trades and incur heavy financial losses. As a professional trader it’s very obvious that you will often have some losing trades in the market so make sure that you are integrating proper risk management factors in your trading strategy.
That is a really good recap thanks mate. Especially the #1 is about 95% of traders who fail to succeed as they literally think they are the bosses lol even with $100 trading accounts
Good points! I have been studying about forex brokers for quite a long time. One of the most interesting brokers I have encountered is Saxo. I have been comparing it to different online brokers at this {censored} stands out most of the time.
I am trading with FreshForex since 2015 and I have been really satisfied. Tight spreads, fast execution of trades, and quick withdrawal process. I also want to commend their MT4 platform. Solid, smooth, and with easy interface.
Yes, it is very much important to select a well learned educated broker who has a better past performance. They are more trustworthy and profit a good trading platform to their clients. So to increase market return always choose a reputed broker. stock tips
In business, they are the only representatives of the company who are giving the company profit money. If managers turned out to be dishonest, it is hard for a company to make money.
