Selecting A Right Forex Broker - A Dynamic Activity
Whether you are a retail or small institutional forex trader, we all need to trade through a forex brokerage firm. The bigger you are the closer you move to the major market participants - banks, mutual funds, hedge funds, large investment firms. They take up about 75% of the forex market capitalization. Some banks could be brokers themselves. The remaining 25% are individual traders like you and me, and small trading firms. Selecting a right forex broker is not a static activity. It is a dynamic one depending on one or more of the following factors: -Regulated or non-regulated forex brokers. -What stage of your trading career you are in. You trade for your own money or manage other people's money as well. -Amount of your trading capital. -Services of a particular forex broker that address your requirements for trading. -Tax implications if you open trading account with a broker domiciled in U.S. or U.K. or Switzerland or tax haven countries like Hong Kong, Singapore, British Virg...