2. Choose your broker

Dear fellow Traders,

Today I will write some information about choosing the best (forex)broker for yourself as (becoming) professional trader.

My personal opinion about choosing your (new) broker is to test them first. Do please not make a deposit first because you get a special (one time) bonus! Almost all brokers will try to reach you with their special (no deposit) bonus. 

My plan for choosing my broker is as following:

1. Go to a site like investing.com and choose the tab "Brokers" in the grey bar

2. Choose what fits you to trade in such as forex, CFD, binary options, Futures and Indices  (as example I will use the forex brokers now)

3. You will see a list of many brokers, now you can start selecting them by your preferences 

4. On the left side of the page you will see "Refine Results" , you can choose how much you would like to start with, your minimum forex leverage, and what is one of the most important things (for me it is!) the spread. This is the difference between the execution price and de market price at your broker

5. Now refine your results and the brokers that scored best will be on top of the screen, and please do not always just pick the first one, it might not be the best one, instead of this, go to the pages of the brokers, and take a look at their sites. Do they accept my payment method, is their site professional and do I trust them?!

6. Once you made your selection of brokers, make a demo account and download their software on your pc/tablet/phone and look if it all works well. 

7. Start trading with your demo account and see if they do execute the order fast or slow, and off course also close the position fast or slow

8. If you made your choice, see if they offer a non-deposit bonus to see how the real accounts trade

9. Then if you like a bonus, contact their (live)support to see if they can make you an interesting offer, and if their service fits your requirements

10. Open the real account and start trading

Now, I hope you will make the correct choice for your best broker. My next message will be about the brokers I had and the experience I had with them, so do not miss it!!

Have a nice day and till next time.

Vince