When it comes time to choose a forex broker you cannot be careful enough. Your broker is your partner. A good broker will want you to succeed. If you make money, they make money. Likewise, your failure is of no benefit to them. If you find yourself in any other arrangement with a retail forex broker, I advise you to run as fast as you can.
However, don’t despair your dream of making your first billion dollars is not dead yet. There are brokers in the world who do cheer for their clients to knock the ball out of the park. One such broker is AvaTrade. Based in Dublin, Ireland AvaTrade has been in business since 2006.
The forex market is unique. There is an aspect to it which differs entirely from trading the stock market. Forex trades around the clock during the week. There are perhaps 18 currency pairs to choose from compared to thousands of stocks. Then there is the matter of leverage which can be a good thing if you know how to use it. It could also spell disaster if you do not.
The odds of your success trading forex can be correlated directly to how well you understand the nature of the beast. That is why a good broker will dedicate resources to developing their clients. Visiting AvaTrade website, you will notice that educating their retail customers is a big part of their focus. You will find:
- instructional videos
- company sponsored webinars
- encouragement to open a free practice account
Anyone who is new to trading forex would undoubtedly benefit from the no pressure nurturing approach AvaTrade takes with their clients. Besides this, the trading platforms available from AvaTrade is easy to use. You do not need to be a certified technical analyst to navigate through the price charts. Although, there are training videos on the platform to help with that also.
AvaTrades premier tools to help traders are not only for beginners. Veteran traders find many of the videos and other devices to be refresher courses. Traders also like AvaTrade low spreads, commission-free trades, and 1:400 leverage.
AvaTrade is a great place to start. It is also a great place to remain.