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The eleventh lesson. Brokers and training accounts Your broker is a company that provides the software and infrastructure needed to trade in the Forex market. In exchange for his services, the trader pays a broker a commission or spread. When choosing a broker, pay attention to the company's reputation, age, and organization. In addition, the trading conditions provided by the company are extremely important. In particular, it is necessary to compare execution speed, spreads, swaps and commissions. Most brokers offer training opportunity via demo accounts, which allow you to test the forex market using virtual money and real market data. Make sure your broker offers MT4 or MT5 trading platforms, which are advanced trading platforms designed to access the global financial markets.

LESSON 11. Brokers and practice accounts

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