Basic requirements

These are minimum requirements for choosing an online broker. Any online foreign exchange broker must be able to offer the following basic services:

• Real-time currency exchange rate quotes
• An account summary showing your current account balance with realized and unrealized profit and loss, margin available, and any margin locked in open positions
• Charting and technical analysis available to active traders
• Instant execution of orders
• 24 hour trading and customer service

Of course, as you begin researching, you will discover that almost all online brokers offer these basic services, so it is probably more useful to list things that should be avoided. One indicator of a reputable broker, is that they have a high minimum deposit requirement. This is not to keep poor people from trading. You cannot make money with a small deposit - they are doing you a favor and accepting "mini or micro" accounts will give them a bad reputation.

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How to Get Started?

People are introduced to the exciting world of foreign exchange in many ways: friends, current events, newspapers, television, and many others. For those of you who are new to forex, the following guidelines cover the basics of currency trading.

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