1. Low Spreads.In the best Forex broker trading the ‘spread’ is the difference between the buy and sell price of any given currency pair. Lower spreads save you money.
2. Low minimum account openings.
For those that are new to the best Forex trading and for those that don’t have millions of dollars in risk capital to trade, being able to open a micro trading account with only $250 (we recommend at least $1,000) is a great feature for new traders.
3. Instant automatic execution of your orders.
This is very important when choosing the best Forex broker. Don’t settle with a firm that re-quotes you when you click on a price or a firm that allows for price ‘slippage’. This is very important when trading for small profits. You want what we call a WYSIWYG (pronounced wiz-ee-wig) broker! This means you want instant execution of your orders and the price you see and "click" is the price that you should get...WYSIWYG = What You See Is What You Get!
4. Free charting and technical analysis
Choose a broker that gives you access to the best charting and technical analysis available to active traders. Look for a broker that provides free professional charting services and allows traders to trade directly on the charts.
5. Leverage
Leverage can either make you super rich or super broke. Most likely, it will be the latter. As an inexperienced trader, you don't want too much leverage. A good rule of thumb is to not use more than 100:1 leverage for Standard (100k) accounts and 200:1 for Mini (10k) accounts."
This is lifted from their "school." It looks good, in fact the entire website looks good and they are nearly saying all the right things, but if you look closely at the text, they make two deliberately misleading statements, which I have highlighted in Bold.
Every thing sounds good, looks good and is well marketed on the internet. Look for the best forex broker training and you will more than likely find these guys. BUT - You cannot make money investing in a mini account and the second statement is all true, except for one part - 200:1 is an extremely high leverage. I guarantee you will lose money doing this, or your money back.
They are implying that you, the common man, are just as entitled to trade FX as the banks and that you shouldn't let the fact that you only have a $1,000 to play with stop you. Damn right you should. You wouldn't find the big financial institutions using a 200:1 leverage and on the odd occasion they do.
Money Manager
An individual who is responsible for the entire financial portfolio of another individual or another entity. A money manager receives payment in exchange for choosing and monitoring appropriate investments for the client.
ndividualized services:
ForexGen Money Manager’s services provide an extremely competitive program for managing client’s funds in order to introduce new clients to the Forex Market without having them to trade. The Money Manager will be gaining commissions from two fixed sources and a variable one based on the amount of deposits you are managing in your money manager account. Money Manager's client's account can be activated with the agreement of their clients. Moreover, they will be enjoying the benefits of being a ForexGen family member:
- Up-To-Date RSS news feed.
- Lowest spreads in the Forex Market.
- Tremendous amount of Technical Indicator.
- Fast order execution.
