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costs in more detail that are involved when you kind of start

what we're going to do is we're going to look at the different

ring you up with, just stand your ground, act intelligently,

as much as possible. So, do not fall victim to the pressure of

in the next lesson but be aware that your broker primarily

provide a very valuable service to their clients and therefore

exist. Now, we're going to cover the types of broker fees

also look out for themselves and they do have a tendency to

they deserve to be compensated for their effort but brokers

traders. They can often resort to blaming brokers for their

you you know **** **** I've got a detailed plan that I ab

plan. You know, never trade based on tips or expert advice

or asking you to deposit more deposit sooner you know trade

their interest to have you trading as soon as possible and

go on social media or on you know, some training forums,

sign up. Uh but anyways dear they are sort of the key

offer it from Mac but you know even that said a lot recently

in the last few years have made their platforms available on

are you on a PC? You know, many brokers still do not offer Mac

country and they are regulated by one of the G12 countries

subtle infatuations and resentments. Brokers actually

push against the edge of regulation in order to optimize

adhering to so anyways with that said in the next lesson

more or trade sooner you know just say thank you but no thank

if a sales person you know keeps hassling you ring you up

very low cost that are that otherwise just simply wouldn't

is somewhat lower than, you know, a new kid off the block

Saxobank for example, the probability of those companies

look at any of the big brokers such as IC Markets, Owanda or

lack of success. Like you, me, and pretty much every

regulators and then you can't really go to wrong. Now, if you

you'll see a lot of disgruntled and sort of naive retail

their profits. But by embracing a broker for what it is and by

and make all trading decisions as per your predetermined trade

potentially any sales people that your broker, you know, may

traders have access to incredible opportunities at a

they're one of the big companies. They are in your

broker. Again the main main thing is just to make sure that

Mac. Um so yeah definitely just have a look into it before you

platforms that a lot of them have if you you know they don't

what hours are they actually open in your local time zone

requirement of lengthy phone calls of jumping through hoops

but it is something that I would highly recommend that you

look in for your broker especially if you encounter a

apps for the trading software but you know there are

years so if you are stuck designing between two worthy

candidates I would generally just keep it simple and go with

the top brokers do generally have a twenty-fourfive chat

characteristics I would consider when choosing a

know even get a response from them check if they have a

sooner we can transcends subjective judgement created by

sometimes up to 1000 to start with so you know obviously that

aware of the transaction and the commission cost of your

come into play when deciding what amount of leverage to

think about initially when opening up a brokerage account

with a fake question just to test how long it takes to you

account I would recommend that you call the help desk you know

size. So choose the broker that has the largest amount of

alternatives where you can use you know high-end web-based

going under, you know, obviously it's possible but it

the large and regulated and and the reputable brokers. They

typing in a figure and clicking literally a few buttons. So all

simple as literally just nominating a bank account,

process is you know just really simple and elegant. Now

might be fine for some traders but not for others now some

in and who regulates it now for a full refresher on exactly how

into account because it does very dramatic with different

not really any sort of particular order of importance.

to you is you know, definitely something that you want to take

withdraw cash that is rightfully yours that is a sign

just does not associate with So fund withdrawal should be as

of deliberately confusing fund withdrawal process the

opening an account actually suits your budget because there

broker kind of compare to maybe other brokers that you're

looking at now we're going to cover exactly what these are

you to deposit your money with them. Now, the rest of the

by the financial regulatory body of any of the G 12

countries, then it should be absolutely fine and safe for

States it's both the CFTC and the NFA I believe so just

value now confirm that the minimum deposit requirement for

are kind of some brokerage firms that can require

later in the next lesson but generally the lower the cost

the introductory module so there are various factors that

you rewatch the videos in the risk management module now be

collectively. So, the leverage that the broker makes available

500 to 1 and in some circumstances I've seen even

that now there are plenty of reputable brokers who are

open an account with that broker that you're looking at

brokers ranging anywhere from two to one all the way up to

in whatever country state or province you live in now once

authority in Australia it's Asic and then in the United

locations so the first thing to check is you know can you even

choose for your brokerage account you know such as

regulated worldwide so for instance in the UK the

leverage and margin works I would recommend that you

characteristics that we're going to discuss are listed in

actually check if they are regulated by a a decent

those is sort of any geographic restriction now what I mean by

just sign up to the first random dodgy broker that they

of the scale they do absolutely zero due diligence and they

broker usually a step that you know on one end of the scale

financial regulator is called the FCA the financial conduct

yeah, as a general rule of thumb, if a broker is regulated

research whoever the regulator is in your own country. So

regulation you know no matter what shiny deal that they may

offer you because you're just asking for trouble if you do

wish to consider when you are choosing one so the first of

that is it can hugely depend on where you live in the world

with in your country then the next most important step is to

bit more of a minor reason but if you are drawing your

lot easier especially than you may initially think can be a

your chart analysis and your brokerage account completely

cancel or exit a trade by mistake so it's just best to

makes money from your trading volume. So, it's therefore in

learning how to operate within the realm of that relationship,

or signals you know even if they're coming from your broker

what I would do is I would highly recommend that you keep

because that's only going to increase the chances of you

and narcissistic agendas. So just the sooner that we embrace

separate. I wouldn't personally be tempted to connect my broker

my analysis on and the reason for this is primarily because

when you're in a trade and when you're looking at your charts

both polarities that, you know, permeate everything in the

you do not want to see your profit and loss fluctuating

broker's platform to actually execute and get into the market

with and they will provide you with leverage. So essentially

successful business on earth, brokers have both an altruistic

when a trading setup does occur, we then go to our

with access to a platform to buy and sell currencies and

charting software such as trading view which obviously we

universe, including business and human behavior, then the

lot easier to accidentally alter your trade orders or even

really doesn't have to be a complex process but they are

broker. So a broker is very simply just a firm that

sort of brokerage house. Now, you may also want to consider

support and you know it has improved a lot over the recent

analysis on your broker's charts it can definitely be a

brokerage accounts and client assets under management. If you

making an emotional mistake right now another reason it's a

which platforms your broker offers. Are you using a Mac or

customer service is not really something that people often

support desk in your country and if they don't then just see

problem that you need immediate help with. So before opening an

just make sure that you're happy with it right now most of

of business operations that you know the intelligent trader

will ensure that both the deposit and the withdrawal

providing excessive amounts of personal information just to

and then manage our our position and our trades. So,

know identifying our potential trading opportunities and then

your broker is where you will deposit your capital to trade

on trading view which is where we're going to be sort of you

dodgy and generally unregulated brokers they may have a a sort

partitioning and then for a refresher on these make sure

right the better just as long as there is no sacrifice in

slippage negative balance protection and capital

So now we're going to look at how you can go about choosing a

executes your trades in the market. So they provide traders

to look at trading a live personal account

rewatch the video called how to make money trading effects in

more than that but it will depend on what country you are

There's just some things that you might want to consider

just went through in the previous lesson when and it's

you've actually found a broker that you can open an account

regulator or ideally a regulator that is in your now

because some brokers restrict accounts to certain geographic

definitely don't choose a broker that has you know zero

just you know a few key characteristics that you may

we're going to do all of our analysis on a third party

on Instagram and get them to sign up so choosing a broker

traders either massively over complicated or on the other end

keep them completely separate in my opinion now choosing a

see on Google or you know someone trying to hit them up

to TradingView or even use my broker's chart for performing