FOREX BROKERS
Before we take you to the analysis section to show how you can profit with all the knowledge you've learnt lets take a look at your gateway to the market i.e. the Forex Broker.
The forex broker is your key to the forex market. You need to have a broker who will support you and help you to make money.
The most important think to look for is a low spread and unlimited trading. The reason for a low spread is obvious, because no commission is charged the will be your costs. A reasonable spread is 2-3 pips on the majors. The need for unlimited trading is because some brokers limit your trading during highly volatile times and this is when most of your money is made.
Next you need a good forex platform. The platform must be easy to load and allow fast transaction. In the volatile forex market if your platform delays you this might make the difference between a profit and a loss.
After this you should should consider the margin requirements and leverage. Leverage normally ranges from 50:1 up to 400:1, a reasonable leverage is 100:1. This is a personal option as more aggressive traders want higher margins. Obviously your margin shouldn't be high enough that your account can be wiped out in a single trade.
Added extras often come with most forex accounts. The most useful is the forex chart. The chart will help you with your analysis of the market, even the trader who only consider economic events will still look at the chart before making a purchase. Another consideration may be how often the interest is capitalized on your account.
The forex brokers that we use are listed here. These are tried and tested brokers recommended by clients who use and profit from their services.