Beginners always are interested in choosing the perfect brokers for having a business. They are depended on the word” perfect; as a result, they make nothing of other brokers.

In my view, a perfect broker doesn’t sure of bringing you success. In my experience, when you take part in forex trading, you need to change many brokers. After trading, you will find out the only one type of broker suitable for you for each trading stage.

Here is top 3 best forex brokers for beginners.

XM reviews: 9/10

Exness reviews: 9/10

FBS reviews: 8.5/10

1.  Beginners have a statement wrongly about the best forex brokers:

– Most beginners think that forex demo account is the best for them, but no one believes that practicing with a forex demo account is wrong. If you have ever read the article Cent account is best account for beginners, you understand Demo account won’t help you improve anything. On the contrary it even cause bad impacts on your strategies.

 – If you really are confident about the ability of trading, you can choose ECN account and I don’t say extra anything. But please get away from ECN if you are new trader. I find that ECN is very volatile and has a lot of slippages and gaps. It isdangerous for you to cooperate. Exnez cent account is the best account for beginners.

– The percentage beginners win for trading is very low when they deposit their fund too much at the early stage. 95% beginners will lose money. I’m sure about this figure due to the fact that I used to work for a big broker. 3 to 5% monthly is enough for you.

– Beginners assumed that they should open positions within the news release time because this is a good moment for making more profit. Actually, this is a wrong decision. Trading will be closed /opened positions about 15 minutes before/after the release time. Proving you are so slow in compare with the release time.

2.  Should beginners join demo contest for practicing?

After a research about demo contest winner, I discovered most of the winners are Chinese, Thai and Indonesian as a professional trader with their profitable rate up to 10,000%. Clearly, most of them are using robot trading to win demo contests. Of course, beginners cannot use robot trading efficiently so they can’t win demo contests and just waste their time as well. Profit is vital but you need to consider risks which are created by demo contest.

3.  Standards ofthe perfect brokers for beginners

To learn and minimize their losses beginners need to choose the perfect brokers under the criterions as follow:

Reliable brokers:

About this problem I think beginners can trade any brokers they want. Because of the limitation of money there won’t be any brokers that desire to cheat them. Therefore, they can trade with any brokers as long as they are easy and convenient for those traders. But if you work with trusted brokers, your trading will be better. For me, Exness is my top choice.

Low deposit:

As I mention above because they only deposit small funds so there are no brokers that want to cheat them. I strongly advise you to deposit less than $100 for this stage (3 months), because you only trade a little amount of money mean that you also don’t need to care about the trading cost. Don’t follow experts care about brokers’ credit, trading cost, and brokers’ quotes quality. Low deposit is a good condition to make a profit from the best forex brokers for beginners.

Why “Easy” is important for beginners?

Not only for Forex it is complicated but the trading system is also. Therefore, a good strategy for beginners is simplified everything. Some brokers trading systems are very complex, so I advised for Beginners are:

–     Choose the easiest brokers.

–     Trading by web trade/web terminal at the starting. Trade MT4/MT5 later.

–     Deposited by Visa/Masters at the beginning, because it is very easy for other payment methods.

Beginners need good local support brokers, training and coaching programs:

Trading will meet the difficulties when supporters don’t speak your native language. So it is much easier and faster if your supporters can speak your language. To tell the truth, I also got some stupid problems at the beginning such as: login, installing MT4, 3D security of Credit Card…and I think you might get the same problems. Don’t worry about that because of having local support brokers.

In order to attract clients some brokers have weekly or monthly training programs. These brokers are the best for you. Most of them will ask for you to deposit a big amount of money, but don’t do that if they aren’t in the list of trusted forex brokers 2018. You have to register account, deposit a small money, learn and then change to better brokers after the training courses. Why don’t you choose brokers so?

4.  List of 3best forex brokers for beginners.

XM.com: 9/10 Being in the top biggest forex brokersAllowing you to open smaller positions (0.00001 lot USD)Providing many training programsBeing trusted brokers
Exness.com: 8.5/10 Being the biggest retail forex brokerHaving Cent account to practicingOpen as small position as 0.0001 USDHaving good support and payment systems.  
FBS.com: 8/10 Having Cent accountPossessing wonderful customer service and payment systems but countries where they have offices such as Indonesia, Thailand, and Vietnam  

5.  Tips for beginners:

Firstly, Trade Micro/Cent account is key for you to success. The second tip is that you should invest your fund under $100 at the early stage. Thirdly, you should be trust yourself and learn risk management. For example, it’s easy to get that profit rate only with tens of thousands of dollars in your account but the higher the profit, the higher the risk. I win continuously in some months or even some years, but eventually, they will lose all. Don’t doubt that because that is the truth. Last but not least, you don’t unwise using robot trading. It is founded to meet the demands of experts. You are new traders, you will not customize these robots to follow their trading strategies, and adjust them frequently robot trading. Let’s trade manually until you are recognizing that you need some automation tools to help you with some parts of your trading processes.

For forex traders from Thailand, click here to see โบรกเกอร์ forex ที่ดีที่สุด 2018.

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