To start trading on the Forex market you need a computer with the access to the Internet (preferably fast, but any connection will work if you won’t be scalping). On the Internet you’ll have to join one of the on-line Forex brokers. There are many such brokers available nowadays; chose the one that is more comfortable for you. A good on-line Forex broker should:
Allow small accounts and deposits, so you can try it with a little money before starting a serious trading.
Offer a variety of payment methods for depositing and withdrawing funds, especially WebMoney, e-gold or PayPal.
Provide the convenient ways for trading — either a newbie friendly trading platform or powerful MetaTrader platform.
Be a reputable and trustworthy on-line company, to which you could trust your trading account’s security.
Have a fast order execution and funds transaction processing.
Offer a dedicated on-line and on-phone support.
As it was mentioned before, there are many Forex brokers available, but here presented is the list of the most prominent representatives of the on-line Forex brokerage market:
FXOpen — the broker that supports MetaTrader 4 trading platform; deposits/withdrawals via WebMoney, e-gold, Wire Transfer, CashU, e-Bullion and Liberty Reserve; micro accounts from 1$, mini accounts from $100; free $25 bonus; regular trading contests; it operates for more than 1 year already and has a professional multilingual support team.
InstaForex — a rather new Forex broker that can boast a wide range of deposit/withdrawal options, one of the best conditions on the market, MetaTrader 4 trading platform and the 6% interest rate for non-Muslim trading accounts. InstaForex specializes itself on traders from Nigeria.
FXcast — this Forex broker introduced a 1 pip spread trading with its revolutionary FXcast Swing platform for small accounts. It offers MetaTrader 4 platform for $10 and larger accounts. FXcast offers almost every possible method to deposit and withdraw funds from the trading account.
LiteForex — a Forex broker with a very large member base and a long history, it offers MetaTrader 4 platform; WebMoney, e-gold and WireTransfer as payment methods; excellent support service and a guaranteed stability of one of the most trusted Forex brokers. Cent accounts are allowed.
Marketiva — the pioneer of the newbie-friendly Forex trading, Marketiva offers a very easy-to-use trading platform with a lot of functionality, as well as support chat and advisors’ chat; options for funds deposit/withdraw are WebMoney, e-gold, Wire Transfer, e-Bullion and E-Dinar. Cent accounts are allowed.
Forex-Metal — an independent online Forex and CFD broker. It has very competitive trading conditions: $0 commission on Forex trading, 1:500 leverage, Instant execution of orders, ability to trade all instruments from a single account. Professional team with years of experience to assist you with trading. Free demo accounts. State-of-the-art MetaTrader 4 trading platform. Daily FX news, charts and analysis. Over 40 FX pairs. Some major pairs with only 2 pips spread. Sign up bonuses for new accounts available.
After you open a trading account with some Forex broker, you will have to download its trading platform, deposit the required amount of initial funds to your account and start trading.
But to trade successfully you have to educate yourself about Forex,
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