Apart from a trader's own lack of planning & discipline, one of the major reasons why a trader suffers a loss is because of making a poor choice while selecting a broker. Therefore, it's necessary to perform extensive research before choosing a broker, I chose Forexchief after having done the same. I selected them because they fit all my criteria of a proper forex broker. For example, they are regulated. They charge a floating spread of 0.3 pips, offer leverage of 1:25 to 1:1000, fast execution etc. are some of the factors that I considered before deciding to opt for their services. Needless to say that I am quite satisfied with their performance.