The very simple but often overlooked information found in this video can literally be the difference between success and failure for you as a trader. Watching this video very carefully is crucial to your trading success regardless of your trading system, broker, or goals.
Video: Choosing a Broker
This video gives you an in depth look at some of the key aspects to look for when searching for a broker. Simply click the play button on the video to get started.
Throughout this short report you're going to be given very valuable information. And a lot of this will come as a huge shock.
So make sure to read this entire report and watch each short video. You're about to learn some secrets that can change the way you trade forever…
Let's get started with some quick facts:
Based on our client base analysis an average Forex trader deposits roughly $4,000 into their account…
…And trades about 6 lots per month…
So what's the point?
Think about the spread for a minute. For every currency pair there is a difference between the bid price and the ask price. This is called the spread, and is the cost that you need to pay to trade that currency. As a smart trader, you already realize that these spread costs can really add up. Let's take a look at an example of an average trader:
If you trade the EUR/USD you'll pay right around a 2 pip spread. So trading just 6 lots a month means…
You'll have $1,500 a year in transaction costs alone!
On a $4,000 account you'd have to make 36% just to break even.
As you can see these spread costs can really cut into your bottom line.
So what can you do about this?
Well, the first thing you might think of is using one of the smaller unregulated brokers. Some of these brokers offer low spreads, and that might seem like a good idea.
The reality is that using a smaller unregulated broker can put you at a much bigger risk than just spread costs. In the past couple of years there have been more than 5 smaller brokerages that have gone out of business…and in most cases took their clients money down with them!
So you need to consider two things here: How can you get the lowest spreads while still using a large reputable broker.
The good news is that TradersChoiceFX is here to help you do exactly that! Since there are so many brokers out there now, it can be really tough to find the right one for you. That's why there are introducing brokers such as TradersChoiceFX. Introducing Brokers can place you with a dealing firm that best fits your requirements, and even help cut down your trading costs.
In this special report we will show you a special way to cut down your transaction costs and even get a monthly cash bonus for your trading! We will also reveal valuable information that can be useful to you; regardless of the trading strategy you use.
On top of that this report will also cover which broker best fits with certain trading styles such as news trading, position trading, scalping and carry trading.
It's amazing to see how many traders are willing to risk their hard earned money by opening an account at the first broker they see without doing thorough and diligent research. Smart traders take every angle into consideration before pulling the trigger. We will show you some angles that can really boost your success.
Forex trading involves significant risk of loss and is not suitable for all investors. While you can earn a cash bonus,
you can also lose money due to the inherent risk of trading. Read full disclosure.
The information contained in Facebook link: https://www.facebook.com/pages/Traders-Choice-FX/20302051398 is no longer current and should be disregarded.