25 January 07:11 PM
News of forex broker rating. Every beginning trader that decides to become a professional, having completed forex training, faces a dilemma – which Forex broker to choose in order to open his first real trading account.
How to identify the best micro broker worldwide, which provides support in Russian, possesses starting deposit ranging from 1 to 20, maximum to 50 US dollars, has no experience of requotes, slipping, fraud, and deceit?
Why should real trading at forex market start with micro accounts?
In his interview to the “Market Leader” Canadian financial expert of Masterforex-V Academy Evgeny Olkhovski explained why beginners at Forex market should start real trading with micro accounts. His arguments are the following:
1. Opening a big real account in a broker company or DC is not only unwise, but even dangerous: mere people’s psychology or lack of experience often play dirty tricks. And forex market remembers every mistake. It was Aleksandr Elder who paid attention to the point that trader’s psychological problems (fear and passion) are one of the first and foremost reasons of loss at forex market;
2. At present over 20 forex brokers provide traders-beginners with a unique service of micro real trading accounts from 1 US dollar. The best forex training project in Europe, Masterforex-V Academy, highly recommends starting real trade at forex market with these accounts. When your trading system is working and brings profit, you earn money and gradually proceed to micro accounts (0.1 lot when 1 point equals to 1 US dollar) and then to standard forex with 1 trading lot (1 point equals to 10 US dollars)
Such sum is optimistic, as it relieves psychological pressure and fear to lose a large sum of money. As a result, you will have no worries and master your trading system. What is more, not many traders-beginners can afford a large deposit at the start;
3. How to choose the best out of 20 micro forex brokers who provide support in Russian? This is the hardest to answer. You can rely on the opinion of your acquaintances or feedbacks in blogs or social networks (over one half of them are, at least, not objective, at most – “designed”), various ratings, etc.
How to objectively choose the best micro forex broker?
In order to choose the best micro broker with Russian support, Masterforex-V Academy has started an open poll for forex traders:
■what do points at the left mean? At the very beginning all nominated brokers are placed according to the number of their points in the general forex broker rating at Masterforex-V Academy: upper positions are assigned to those, whose spread is the smallest, receives least complaints from forex traders, has serious stock exchange licenses, work experience at the market, international awards, etc. (the total of about 20 objective and criteria that served as a basis for assigning these points);
■how soon will the best micro forex broker of 2012 be singled out? On the basis of traders voting. Your vote “for” automatically adds point, and vote “against” takes off 1 point. Every attendant of forex forum (registration takes 1-2 minutes) can give one vote “for” and one vote “against”.
■ points in the first column show the reliability of micro forex broker according to 20 major criteria;
■ votes “against” give a serious signal for a forex broker about the reasons for discontent of its clients – forex traders;
■ votes “for” will show micro brokers, about who most traders have positive impression.
As a result, there will be formed a deep and objective complex assessment of over 20 forex brokers, who forex traders find convenient or inconvenient to work with.
What is the sequence of DCs at the beginning of choosing the best micro broker of 2012?
It is clearly observed, continues the financial expert, that at the beginning the brokers nominated for the best micro broker of 2012 that have highest points in the general rating (Nord FX, BMFN, FreshForex, Grand Capital, Alpari, RoboForex, and Forex4you) have advantage over their rivals.
However, the final position of every micro broker will be defined by the independent vote of traders at the web-site of the Academy. Any trader can assign his vote for or against any micro broker. Every vote “for” will add points to an applicant, and every vote “against” will correspondingly lower them.
Where can one vote for the best micro forex broker of 2012?
At the web-site of Masterforex-V Academy in the voting section for The Best Micro Broker of 2012. Unregistered traders are to undergo a simple free registration at the forum of Forex Academy. Then they have to enter the assigned login and password at the page devoted to choosing The Best Micro Broker of 2012.
As for the question about whose chances of winning are higher, the expert said that the management of the Academy may have its own opinion, which may be different from the one of most traders. Therefore, in order to avoid any influence on the results of the vote, the Academy abstains from giving its opinion and encourages every trader to take part in choosing The Best Micro Broker of 2012. Every vote counts.
“Market Leader” holds a questionnaire at Masterforex-V Academy forum for traders and investors: in your opinion, which micro broker can be considered the best?
■ the one that is most widely advertised in media and at web-sites;
■ the one that has most positive feedbacks in the Internet;
■ the one that wins in Masterforex-V Academy voting (broker’s points in the rating + direct voting).
You are free to discuss this article here: forum for traders and investors
These days many traders show rather average results at forex market. According to statistical data, only 5% reach real success, thus gaining regular profit. How are these 5% different from others?
First of all, they have the skill of taking wise trading decisions, based not on emotions, but on thorough analysis of all nuances, as well as all technical and fundamental results for present and future perspective. They are also characterized by systems of effective money and risk management, skill of waiting or acting when such is required by trading system.
The purpose of fighting is to win, as the well-known saying goes. At Forex market traders, no matter whether they want it or not, have to fight not only for profits, but also... between themselves. In order to succeed, one has to manage his emotions, resisting panic, act on the basis of competent full-scale analysis of current and perspective situations, know and understand own trading strategies, based on numerous technical and fundamental components.
Today anyone may earn money at international currency market Forex, provided that a trader has the necessary knowledge and, what is more important, has good understanding it. As far as this financial market is the largest according to daily money turnover (several trillion dollars), as well as one of the most progressive ones (there regularly appear innovative technologies), opportunities of successful work at it are available even for people that do not possess a considerable capital.