If your interested in trading on the foreign exchange (FOREX) market, then you'll need to set-up an account with a forex broker. Almost every trader uses a broker to handle their transactions. Brokers are the companies that buy and sell orders on the forex according to each investor's selections. Forex brokers make their money off of the market spread and theirs fees are considerably lower than that of a stock broker. Forex brokers don't charge per transaction.

You should check out the forex broker before signing up with their program. Use their online help desk to ask questions and find out everything that you need to know before trading through their platform. It is important to find out how much leverage that the they offer, and if they have charts, economic calendars and other resources to help you analyze the market before initiating a trade.

Word-of-mouth is one of the best ways to find a good forex broker. Talk with other successful investors and find out which broker that they use to make their trades online. You will need to find out what fees are involved and if the spread is fixed or variable. Also, you'll need to know if they have mini accounts, micro accounts, and what is the minimum deposit for a standard account.

You need to make sure that the broker offers automatic execution and that they have policies against slippage of the trades. You'll want to have a broker that quickly locks in your trade with the minimum amount of slippage. Also, you need a broker that will respond to your problems quickly.

Easy Forex is the foreign exchange broker that we recommend. They offer guaranteed rates and stop-loss. They offer competitive spreads, live quotes, and you can freeze the rate that you see. This is one of only a few brokers that allow a minimum deposit of $25 and you can make a deposit instantly using your credit card or through PayPal. They have offices in Europe, Asia, & Australia.