Choosing a Forex Broker

As a trader, you should always consider the total package when deciding on a broker, in addition to the type of spreads the broker offers. For example, some brokers may offer excellent spreads but their platforms may not have all the bells and whistles that are offered by competitors. When choosing a brokerage firm, you should check out the following:

• How well capitalized is the firm?
• How long has it been in business?
• Who manages the firm and how much experience does this person have?
• Which and how many banks does the firm have relationships with?
• How much volume does it transact each month?
• What are its liquidity guarantees in terms of order size?
• What is its margin policy?
• What is its rollover policy in case you want to hold your positions overnight? • Does the firm pass through the positive carry, if there is one?
• Does the firm add a spread to the rollover interest rates?
• What kind of platform does it offer?
• Does it have multiple order types, such as "order cancels order" or "order sends order"?
• Does it guarantee to execute your stop losses at the order price?
• Does the firm have a dealing desk?
• What do you do if your internet connection is lost and you have an open position? • Does the firm provide all the back-end office functions, such as P&L, in real time? Conclusion

Even though you might think you are getting a deal when paying a variable spread, you may be sacrificing other benefits. But one thing is certain: As a trader you always pay the spread and your broker always earns the spread. To get the best deal possible, choose a reputable broker who is well capitalized and has strong relationships with the large foreign exchange banks. Examine the spreads on the most popular currencies.

Very often, they will be as little as 1.5 pips. If this is the case, a variable spread may work out to be cheaper than a fixed spread. Some brokers even offer you the choice of either a fixed spread or a variable one. In the end, the cheapest way to trade is with a very reputable market maker who can provide the liquidity you need to trade well.

[ForexGen Money Manager]

An individual who is responsible for the entire financial portfolio of another individual or another entity. A money manager receives payment in exchange for choosing and monitoring appropriate investments for the client.

Benefits of being a Money Manager with [ForexGen]:

* Providing three different commission sources.
* Weekly commission plan.
* Easy & fast commission withdrawals.
* Fixed percentage of the profits.
* P = k * D “P=Profit, k=Variable Parameter, D=Deposits”

The money manager gets a fixed percentage of the profit previously agreed upon with the client for managing the client funds as a bonus feature.

The most competitive trading conditions:

* 2 pips spread on six currency pairs.
* Providing online trading services without maintenance margin, margin call and no automatic closing of positions below the initial margin on weekdays for accounts with initial equity of up to $1 million US. The margin level have to be recognized Fridays at 23:00 CET and before public holidays.
* Leverages up to 1:200 for accounts up to $1 million US.
* Liquidity and 24/5 availability are the characteristic factors of the Forex market compared with other financial markets.