Being Careful
Posted: Sat Oct 10, 2015 4:06 am
Some of the less trustworthy Forex brokers may try to pitch you risky Forex products and frankly suspicious offers while you are testing their demo trading platform. It may take you anywhere from a week to a month to go through some of the more common demo testing techniques, as you learn the science of online trading. Use this time wisely to conduct an objective assessment of your broker. Are they giving away free deposit bonuses, or offering freebies in an attempt to entice you to send them real money? Or, are they communicating professionally, maintaining a neutral position as they should be as your broker? If they are making you special offers, are those offers neutral and structured to help you learn and grow? Remember, your Forex broker is only your agent, and their job is to equip you as a currency trader with best trading technology available online at the lowest possible cost. If you see anything to the contrary, you may be sure that such Forex broker is a market-maker who will trade against you once you open a live funded account.