Lesson 29: Choosing a Forex Broker

To become a good trader, you need to know the theoretical foundations, and that is where you are working through this training.

Once these bases are acquired, the most important stage of your progression begins: The acquisition of experience .

For this, you will need to work in the best possible conditions, be materially well equipped, choose a good broker, continue to train you, and be well informed.

Choose a broker

There are hundreds of forex brokers. Nowadays most also offer CFDs, which allows you to diversify your investments on other assets (indices, commodities, etc ...).

However, it is not easy to choose your broker well when you do not know ...

Criterion 1: Choose a broker who speaks your language. As a francophone, it is advisable to choose a broker speaking your language, and if possible with offices in France, it is more secure than the best regulation, and in any case, all brokers with offices in France are Strictly regulated, and this is the case of our partner FXCM.

Criterion 2: Choose a broker with a good trading platform. When choosing a broker, it is also important to test its platform. It is indeed on this platform that your analyzes will be carried out, and that you will pass and follow your trades. The most popular and most popular is the famous MT4 platform, which will satisfy all traders, from beginner to expert. Again, FXCM stands out, and offers you the MT4 platform, as well as its own platform developed by its own teams: FX Trading Station 2.

Criterion 3: Choose a broker "No Dealing Desk" Next, you should know that there are different types of brokers: "Market Makers" brokers, and "No Dealing Desk" brokers. For the reasons we explain in the videos you will find here (with the explanation of "Market Maker" and "No Dealing Desk"), it is strongly advised to choose a broker "No Dealing Desk". Again, FXCM fulfills this condition.