There are several different trading markets available to customers. The hardest to master without the proper resource is the currency exchange market. With the proper resources at your disposal this market is easy to handle and can make you a profit. Sitting back and watching as you get destroyed by the market is not helpful you must be active.
It is also very complex since it is not limited to one or two countries like other trades. Involvement of skilled traders from all over the world, huge profit margins compared to share market makes it unique. The most important single resource required to play in a forex market is huge money and to safe guard this money and make profit from it one should make some strategies
Not all markets use broking agencies but for the forex market they are important because of it volatile nature. These forex brokers often work with over a hundred thousand accounts internationally. These brokers are competing intensely to provide the best facilities for their customers.
Depending upon their performance and customer satisfaction index, these agencies are given rankings on regular basis; it is a prestigious issue to every broker to get top ten forex broker ranking continuously. They will not leave any stone unturned to get a place in a list of top ten or top hundred, depending upon the size of their agency.
The primary goal of the forex broker is to improve their customer satisfaction ranking so that theif overall ranking is healthy and looks appealing to future and current customers. Also this ranking shows their competition that they are popular or not causing other agencies to safe guard their clients. Although their customers are important the ranking is for overall importance so nothing is neglected.
Broking agencies hold no guarantees at the beginning many come and go in just a matter of a couple of years. New investors to the market are often fooled by start up companies that appear to offer them deals they cannot resist. New or potential investors should keep to the companies that are known for their success.
The number one broking agency is FXCM holdings. They have proven time and time again that their fincancial services are beneficial and will help you to make a profit. Their members are specialized in online trading as well as speculators in the foreign exchange market. The top ten are listed below; 1. FXCM 2. Interactive Brokers 3. MG Forex 4. Alpari-idc 5. Hot Spot FX 6. MB 7. WestCapFx 8. Dukascopy 9. Oanda 20. eToro.
Once a company has obtained a position on the top ten list it is hard to keep that position. The companies can keep that position only by giving their best effort on all fronts. The FXCM company realized this and has shown excellence in all required fields.
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