Choosing a Forex Broker

When starting out trading you are going to have to sort through all the Forex brokers to find one that fits your trading style.

The two types of brokers are the dealing desk, and non dealing desk broker. If you are long term position trading with 150 pip wide stops you can use any reputable broker, try to find one registered with the NFA.

If you are after short-term gains for small profits through out the day, go with a non dealing desk broker. You will have to pay a small commission on you transactions, but the playing field is not stacked against you.