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You need help if you’re considering trying your hand in forex trading and you are new to the forex business.

A forex broker is your best source of help. However, you don’t choose just anybody. You want somebody experienced and has the tools that give you a fair chance of earning some money from the forex market.

Some of the aspects to investigate when searching for the right broker are:

1. Length of experience in business: Ensure that the broker has a proven track record in the industry.

2. Account types: Look for a broker that offers micro or mini accounts, allowing you to start with smaller amounts as you familiarize yourself with the trading platform.

3. Funds safety: Choose a broker that provides a foolproof system for keeping your funds and trading accounts safe. Look for stringent firewalls and advanced SSL technology for information protection.

4. Customer support service: A first-rate customer service support system is essential. Look for a broker with a 24-hour live chat service staffed with highly capable employees ready to assist you.

5. Trading platform: Consider the broker’s trading platform. Look for one that uses MetaTrader(MT4), an advanced software offering indicator tools for accurate analysis of currency movements. Additionally, look for a platform that automatically delivers forex signals to subscribers.

6. Deposits and withdrawals: Choose a broker that is highly flexible when it comes to deposits and withdrawals and allows local transfers through major credit cards.

7. Regulatory compliance: Ensure that the broker is registered with reputable regulatory bodies such as the CFTC, NFA, or FSA.

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Ihab Salloum