Lesson 10. Brokers and practice accounts
Your broker is a company, which provides the software and the infrastructure you need to make trades in the Forex market. As a reward for the services trader pays broker spread or commission.
When choosing a broker pay attention to the company’s goodwill, age, and regulation.
In addition, it’s important which trading conditions the company offers. In particular, compare the execution speed, spreads, swaps, and commission.
All brokers do offer practice demo accounts, which let you test out the forex market with virtual money using real market data.
Make sure that your broker offers MT4 or MT5, the advanced trading platforms designed for access to global financial markets.