All language subtitles for 2. choosing a broker

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