BRKV - The idea of finding perfect forex brokers for new traders has fascinated the multitude of traders in recent times. Despite the number of difficulties, people are still looking for impeccable forex brokers so that they can rely heavily on. Nonetheless, in order to choose these brokers, new traders need to pay closer attention to different aspects which allow them to have a fully comprehensive view. In reality, you can know that ECN brokers are not really compatible with new traders. In my opinion, it is a must-do ask for new traders to consider carefully before choosing future brokers, and we need to have a good understanding about them. For example, it would be pretty valuable for traders to search for some related information about upcoming forex brokers. As a result, we can know whether or not those brokers are good. If you are completely interested in trading path, you need to alter different forex brokers. By doing this, you will have more opportunities to experience various brokers, and can choose suitable one. From my perspective, you had better opt for one kind of forex broker that you can benefit from.

To make it clearer, I will show you a list of three best forex brokers for beginners.

XM.com: 9/10

Exness.com: 9/10

FBS.com: 8/10

I believe that knowing some certain factors before trading is really essential. In order to make sure that we all understand about these sides, I will provide you some valuable information. CHECK IT HERE TO SEEBEST FOREX BROKERS.

1.Misunderstandings of new traders:

New traders tend to think that forex demo account will be really helpful for them, which is a serious concept. From my own experience, Cent account is the one that forex beginners can benefit a lot from. In addition, it is also the perfect account for new traders. If we choose demo accounts, it can be a serious mistake. It is because you might be able to struggle with a wide range of perplexed problems. Moreover, if you are experts, ECN account is the best option. On the other hand, you should stay away from this type of account, if you are new traders. In fact, this sort of account is really volatile because it has a lot of slippages and gaps. Due to the fact that I am a former staff of brokers in the past, I thus understand these matters. It is estimated that 95% new traders will lose their money at the beginning. Therefore, you should not pour a great deal of money at your first trading. Indeed, the majority of small traders often lose their money when they keep profit with the rate of over 10%. To my mind, it is good for them to keep the profit around 3 or 5% monthly. The number of traders opens many positions within the new release time because of the misunderstanding about trading and news. In one word, this idea is totally wrong because experienced forex traders will never trade in new release time.

2.Wrong perception about the perfect brokers for new traders.

At the beginning of breaking into forex market, there was a misconception that I should opt for best forex brokers. In reality, when I came to these brokers, my money seems to be evaporated in a short time. Therefore, I escaped those brokers, and choose other suited ones. It is hard for people to know the definition of best forex brokers. In order to go for suitable forex brokers, you should determine exactly your trading methods, experiences, and country trading conditions. In my point of view, this is an initial step which can help you to shape your trading strategies. In one word, you maybe lose your money at any times. As a great result, you should have a through insight into knowing some basic things about brokers, and learn a lot of things from your own mistakes.

3.Some certain criteria of the perfect brokers for beginners in forex market.

Admittedly, choosing impeccable brokers is sometimes difficult. When you trade with forex brokers at the beginning. We need to know that this is a good step for you at the beginning. In my opinion, it is considered as an essential step because it enables you to have a good understanding about brokers. Therefore, what we need to prepare something beforehand is to grasp some basic standards of perfect forex brokers.

Here are some important criteria of perfect forex brokers that we all should focus on.

-Low deposit requirements.

-Small trading lot requirements.

-Easy.

-Good local support.

-Trusted brokers.

-Good training and coaching programs.

Low deposit:

For experienced traders, they have an inclination to care about some aspects of brokers such as credit, trading cost, and quotes quality. On the other hand, new traders are not regarded as good victims of some scam brokers. In fact, brokers will lay down some strategies to allure these new traders. For example, they will rear these traders by supporting them a variety of good trading conditions. Therefore, I am sure that you should not deposit more than $100 in this phase of trading (3 months) because you trade a little money.

Why is small trading lot important?

A vitally important step that you should know is to open positions as small as possible at the beginning. Normally, the standard lot is around 100,000 US. This is a big disadvantage for traders because of its big value. However, many brokers, who offer Micro accounts, are suitable for traders because traders will be able to open positions as small as 0.00001 Lot USD. They are XM, Exness and FBS who also offer Cent accounts that minimum lot trade is only 0.0001 Lot USD.

In fact, if you trade with Micro or Cent accounts, you must deposit $10 for your entire month. More importantly, if you win your money, you can withdraw it immediately.

Why "Easy” is vitally important for new traders?

At the first step of trading, I am sure that forex beginners have to struggle with many tough times because of the complexity of forex market. What you need to do is to prepare good schemes which allow new traders to understand easily about this market. As a result, I will give some tips that are helpful for all new traders when trading at the beginning.

-Choosing easiest brokers is always a good choice for traders because they can capture some information and trading strategies easily.

- At the beginning, we should trade by web trade/web terminal and then MT4/MT5.

- At the beginning, it is advisable for new traders to deposit by Visa/Master.

Why do new traders need to have good local supports?

To my mind, choosing brokers who are always willing to help us in some urgent situations is a smart option. As aforementioned information, forex market is really complicated, traders thus need to receive supports from their broker at any time. Most importantly, at my first trade, I had to deal with many different problems such as login, installing MT4, 3D security of Credit Card. Hence, a good option is to opt for local supporters who can help you to tackle these problems. 

Read more DISCOVER THE SECRETS OF BEST FOREX WELCOME BONUSES

Reliable brokers

It is evident that the majority of experienced traders always go for reliable brokers. On the other hand, it is good for new traders to have a transaction with trustworthy broker, but it is not an essential thing. In reality, forex beginners only deposit ten dollars, brokers thus do not aim at these traders. From my viewpoint, new traders should choose brokers that they feel comfortable and easy. This is only the first step that you can make use of with a view to accumulating your experience and knowledge-related matters.

Good training and coaching programs are two important factors.

It is widely perceived that we should learn as many good things as possible at the beginning. Hence, you should not deposit a big amount of your money at the beginning when brokers are not listed in the top of trusted forex brokers in 2018. You can also register accounts and deposit a little.

4.The list of 3 best forex brokers for new traders.

XM.com: 9/10

Exness.com: 8.5/10

FBS.com: 8/10

Making a careful decision is good step before trading with someone. In terms of these three forex brokers, XM and Exness are listed in the top largest forex brokers, who are certainly reliable.Exnessis always a good choice for many traders, especially new ones because they are the biggest retail forex broker. Exness is also offer Cent account which you can open as small position as 0.0001 USD. In addition, they always support you at any time when you have problems, and supply payment systems as well. CLICK HERE TO SEETOP FOREX BROKERS.

5.Should beginners take part in demo contest for practicing?

It is a very common thing that new traders rarely win the demo contest. Many forex beginners often thought that they can win this contest, it is a wrong idea. In recent times, I did a lot of surveys that Chinese, Thai and Indonesian are always winners. It is because their benefits rate are over 10,000%, which leads to the fact that they will tap into robot trading to win. In my opinion, a good choice is that we need to neglect this contest because it is not for new traders.

6.Should forex beginners get welcome bonus?

It is advantageous for new traders to get welcome bonus but sometimes we do not need it. My view is that it is an onerous task for us to collect our profit or withdraw our money. Hence, I strongly believe that forex beginners can choose brokers who do not offer welcome bonus. In fact, the easiest part of this is to register welcome bonuses.

7.Some useful advices for forex beginners:

It would be a good step for you to trade Micro/Cent account. However, you should not deposit a big amount of money for the first month. If you lose your money, you can learn many valuable lessons from it. The multitude of new traders are often attracted by many sweet promises of brokers that they should deposit a great deal of money. In fact, we should follow whatever they promise.

In addition to this, we also need to pay much attention to the use of robot trading. The number of forex beginners think that they will have many benefits from using robot trading. In reality, robot trading is for experienced traders because they want to make use of these robots to follow their trading strategies, and they have to adjust them regularly.

I hope that through this article you can grasp some important details that you can determine exactly what you need to do before trading with any broker. In order to opt for an appropriate brokers, we must pay careful attention to many different aspects.

Hey there, this is Fanara Filippo. I'm the author of this article and i'm currently collaborating with Brokerreview.net, or BRKV in short. My articles are mainly for forex traders from Thailand, Indonesia, India, Bangladesh, and South Africa.

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