The main quality of a broker.

In order to choose the right broker for forex trading should first know what exactly it is necessary to pay attention to quality. It should be borne in mind that it is not always something that can be read on the website correspond to reality. Many of the important points can only be tested in practice and sometimes it is too late, to change something.

Because before you make the final choice should be carefully weigh the pros and cons, but only after taking decision and replenish your trading account. In this case, you should always remember that all the same basic quality of any broker is its reliability. I once had to face in their practice with a company that has positioned itself as a major dealing center, I was surprised to find that the company's website, there are only three months, and its attendance is only 10 people per day.

For practical trading following are the most important quality forex broker:



The speed of execution of orders - meets two kinds - the market and the stated price (momentarily) of this parameter may depend on the efficiency of the chosen strategy. For example, to select only the best scalping instant execution.

• At market - your order is executed in any case, even if at the time of its execution there was a change of the current price, you can set the size of deviation in points. Such an embodiment is more suitable for medium or long term trade, when it practically happens requotes (execution failure).

• Immediately - more properly called this option "Exact execution" if the price has changed, you will get failure and offer a deal to open at the new price. At worst, the order will be opened at the new price is not always profitable for you.

Tripping orders - it is very rare as a broker who is a trader draws attention, in spite of its importance, pending orders or foot can be triggered from both the touch, and when the price level.

• Touch - once the price has touched a predetermined level, your order is triggered, the best embodiment.

• According to the level - the price should not just relate to the set level, and hold on to it a certain time, in this embodiment, there is most of the questions - "Why my order did not work?".

trade restrictions - to those concerns limit the scope of trade transactions and the maximum number of open orders for the day. It can also adjust the minimum duration of the transaction and if the condition is violated, the transaction is simply canceled. This group includes a ban on trade with the use of automated trading systems (trading advisors).

Minimum levels - meaning the minimum value, which can set a stop order take profit and stop loss. Especially this limitation is often applied to the last order, and can be set no closer than 10 pips from the opening price, not quite a nice moment.

These points can be specified in technical support to refill.

In addition, studying the quality of brokers, as it is necessary to pay attention to the description of trading conditions, their characteristics can be found in the public domain on the website of any company is - spread value, a minimum deposit, the presence cent accounts, the fees swap and enforcement levels are closing unprofitable transactions.

Always remember, the main commandment of any trader - written can believe only after checking, I do not just have to deal with the fact that Most of the trading conditions in practice are not true.