The majority of people that retired from the Forex market had different reasons for their decision. The most common reason for people to quit trading is the disappointment of losing important sums, or the bad quality of services offered by the Forex sites. It is true that 90% of people trading on Forex lose, but with perseverance and determination, you can become one of the rest 10%.
Finding the professional Forex Brokers
The most important aspect about a Forex trading company is its relationship with the market. There are a large number of Forex Brokers that are only representatives of other sites and brokerage companies. Therefore, the spreads imposed by those sites for the transactions are bigger compared with the ones of the direct traders, and it is normal, as long as this is the profit of the respective site. The key factor for finding the best Forex site is to determine if the respective site or company is allowed to trade directly on the currency market. It is simple to find those brokers. Just look of the respective site offers DMA trading options, and if it is approved to intermediate direct transactions.
What is DMA?
DMA means Direct Market Access, and the few sites that are allowed to trade this way will display this authorization with great pride. The DMA Forex Brokers are the leading Forex Companies, and if you are able to find such company, you will have numerous advantages.
- Small leverages and reduced commissions
- The smallest spreads of the Forex world
- The possibility to sell currencies directly, allowing you to win on a falling market
- Placing orders directly in the stock market's registers
- Direct and continuous trading with the subscription feature
A DMA Forex does not promise millions of dollars a week for the traders. A site of this kind doesn't really need a presentation, as it is used only by professional traders with a long Forex experience. For this reason, the DMA Forex Brokers will always tell you the straight truth about your possibilities to win or lose on the market.
The Direct Sites offer reduced spreads, as their profits are based on the number of transactions and on the size of the sums traded. In other words, while a small site that represents a DMA Forex trader needs to attract as many investors as possible to obtain profits, the DMA site only needs a small number of professional traders with important financial resources at their disposal. Those sites are designed for people that really know their way in the Forex industry.
Maybe the only advice for a beginner is to find the DMA Forex Brokers. A site of this kind is surely professional, so it will surely offer a good virtual platform to develop your trading skills, good tutorials and guides, but also a simple and intuitive platform to start your Forex online adventure.
See also: www.divisafx.com, Divisa Capital LP ("DCFX") is an investment house that provides spot foreign exchange trading services to a diversified client base that ranges from financial institutions through to private individuals.