Many people believe Forex trading depends on luck. One day, you will take pride in your successes and the other day you will be the person who wants to give up and forget trading exists. Yes, luck is an important part and I won’t deny it. But if you think it’s the only factor that will have an impact on your trading faith, you couldn’t be more wrong.
Success in Forex trading is not something that comes by itself or by the amount of luck you had that day. You have to work for it, spend a lot of time learning and doing research. Trust me, everyone can become the next George Soros if they dedicate hours and hours on skill improvement.
The first step to becoming a better trader is familiarizing yourself with the Forex trading world. After that, you have to do in-depth research on different brokers on the market. Nowadays, we are cluttered with Forex brokers that promise great trading conditions. Some of them fulfill that promise, but some not. It’s up to you to make the right decision but I have to admit, it can be hard to recognize scam brokers even if you have a lot of experience under your belt.
That is the reason I say in-depth research is an important factor that will lead you towards success. You have to stick to the inseparable trinity: comparing, making the right decision, trading. Yes, trading comes in the last place because the easiest thing is to press the deposit button on someone’s website. What comes before that takes a significant amount of time and devotion.
And how can you find a broker that has potential? BrokerChaser.com will help you with that. It is a great place to start and the first step you should take before you open an account and register someplace. What’s better than leaving professionals to do the research and describe their experience in the form of an article? Nothing, trust me.
So, if you are not sure what you should be looking for, this Forex review website will provide you with an answer. The articles on the website endeavor to give useful information about different Forex brokers. After reading, you will know who deserves your trust, and who won’t respect your time at all.
BrokerChaser: What Can You Expect to See?
This is a website full of honest Forex broker reviews. After reading just one review, you will realize that people who stand behind the whole idea want to give helpful tips and advice to each reader. You will learn everything, from general information to the details other people usually omit.
The website is simple, yet it contains everything you need. Most importantly, the structure of reviews is easy to follow since there are different sections. Each article begins with a little introduction about the broker. You will see whether you are dealing with a broker who is on the market for decades, or a completely young one. The perfect amount of reading material, so you can be familiar but not cluttered with unnecessary information.
After the introduction, you will continue to read about service quality. This part is covered with some of the most important things like Trading Platform, Account Types, and Educational material. Basically, all those things one trader needs in order to have a good trading experience. You won’t even have to go to the broker’s website to learn what accounts it provides or what are the trading conditions. People from BrokerChaser did the complete research for us.
The next section is the one that won me over, speed of response. You have no idea how angry I get when I do not receive a proper reply. Honestly speaking, I don’t have steel nerves, so if I have to wait for a couple of days to see the notification in my Inbox, I would rather deactivate my account than continue to trade with that broker. Thanks to the reviews at BrokerChaser, I know exactly what to expect. Speed too slow? Well, it’s a no from me then. I would just silently whisper “thank goodness I saw that” and continue my search for the perfect brokerage company.
Another segment of the reviews is dedicated to the speed of the transaction. While reading that paragraph, you will know if your money will be in the bank account within a day, two, or much more than that. After that, it’s all up to you to decide if the terms are suitable for your trading needs or not.
If you think there is something you won’t find on BrokerChaser, you are wrong. These people went through every term of the broker’s business, so you can know exactly what to expect. That said, you will be informed about every single fee in the commission segment. And if a broker shows the slightest possibility for hidden fees, they will warn you about that.
Keep in mind that some of the brokers are regulated, while others are far away from that. This is important information that you have to know before opening an account. That’s why I think it’s a nice idea to include a whole paragraph about regulation in the review. So, after reading about commissions, you will be able to see if the broker even holds a license. Even better, they will describe the full experience because it can happen that a broker isn’t regulated, but it offers perfect conditions. If that is the case, you shouldn’t skip the good offer.
As a last segment of the review, they put the focus on payment methods. This is an important part since each broker provides different methods. Some of them will implement more than five, while others won’t even allow the Credit Card option. So, you have to know that before you decide to make a deposit.
The Website Design
I saved this part for the end because it’s not very important, but still, some people enjoy reading articles on the neatly-done website. The design is excellent, if you ask me. But I won’t discuss it a lot, since each person has a different taste. There is the main menu and you can go to the landing page or the section with reviews. The search button is also there, and it will save you some time if you are looking for a specific broker. Overall, it’s eye-pleasing and that’s the most important thing.
I’ll end my story about the design here because I’d rather focus on quality. The website is completely user friendly. There aren’t many details that will distract you when reading. It is fast and responsive, you can open everything in seconds, and you are not limited to computers only. It is adjusted to all screen sizes, so you can open it on a mobile phone, tablet, or any other smart device. When it comes to the technical part, I have no complaints.
In case you are still skeptical about the value and honesty of articles, I advise you to go to the BrokerChaser website and read a few articles. You will be surprised with all the provided information, just like I was, and I guarantee one thing — you will know for sure which brokers to avoid.