7 Consideration of choosing a broker before you enter the trading world.
Previously I apologize if my thread is a bit repost,
as we know one important decision we make in investing may not have anything to do with currency, stock or gold. This important decision is to choose a broker.
There are so many brokers who offer services on the internet. Then how do we choose the best?
Here are 7 considerations when we choose a broker:
- Price Is Not Everything.
all of you remember the saying "you get the goods that fit with what you pay"? Like everything you buy, prices may indicate a quality guarantee. So you should never open an account at a broker simply because they offer a low commission fee. In some cases, commissions are always there for every transaction that takes place. Because of the commission that the broker gets the benefits that he used in providing service to us.
So ... if there is no commission, where did the broker take advantage? It could be that the broker will "eat" our money.
- Trading Products.
When choosing a broker, most people think only Forex trading.
But remember there are some other investment alternatives that may not be found on any broker, such as stock investment, index, gold, crude oil, option.
So ... choose a broker that suits our investment needs and a chance to generate profits for us.
- Customer Service.
Nothing is more annoying than sitting waiting for 20 minutes to get help.
So ... before we open an account, contact the customer service broker by asking some crucial questions and notice how long the customer service responds.
- Background Broker
Before we choose a broker for trading is a good idea if we find out what opinions of people about the broker?
So ... like when we will do open trading positions, do research to find out public opinion about a broker.
- Bonus.
As we know some brokers offer bonuses and exciting events to get people thinking of opening an account. Although this can not be used as the basis of your selection of a broker, but this can be an interesting alternative.
- Platform Execution Speed
Trend / price changes may change at any time, even in seconds.
So ... here is the role of trading platform is vital to carry out order orders (sell or buy) quickly.
- Convenience in Withdrawal
ease withdrawal process is a broker feature that is in every trader. Suppose if we managed to collect profits up to $ 500 from a minimal deposit (ex: $ 10). But when we want to withdraw funds, the broker is dodged with various reasons delay the process withdraw or worse can not withdraw. We not only suffer huge capital losses, but you lose time.
Just by clicking on computer mouse, we can do trading from all over the world through online broker. Choosing the right broker can be the start for your successful investing.
Hopefully this thread is useful for all of us ....
Just that much Tips from me, If you all have better Tips please on for (a little science from you all very useful for me) @>-