Do your homework when choosing a forex broker, not all are legit. Make sure any broker you deal with is registered by the National Futures Association (NFA). And if dealing with a broker in the Bahamas or offshore, beware, none are NFA registered. The most fraud related to Forex comes from outside the U.S, South California, Boca Raton, Florida, and Russia. Remember if it sounds to good to be true, it probably is.
4) Support – you expect and should expect the best possible software support as standard, Forums for members, up-dates for life, advanced tutorials they are bonuses that the best forex trading guide will strive to deliver.
Now, it is also important that you keep in mind that having an automated forex trading system will not guarantee trading success. Its’ basic purpose is to help make things easier for you. They are not perfect so you would still need to prepare for the risks.
Next you need to identify where to invest your money; this is the most important step as if you get this wrong, none of the other steps matter. What I recommend: you research everything, ask the experts, follow the trends and don’t invest unless you are sure you can get good r.o.i, alternatively you can sign up to a forex guide, that sends you weekly emails about what to go for and what to avoid.
The moral of the story: if you want to succeed at anything that you have very little knowledge and experience with, it is highly recommended that you invest in the tools and resources to maximize your chances of success.
Just like trading, avoid taking short-cuts. Do your own due to perseverance and do not blindly believe someone else’s judgement. Analysis and information on a particular broker may be a beginning point, but conclusively you need to examine that broker yourself.