The three most used Forex trading systems are: Forex Yard, Pip-Forex and Easy-Forex.
- Most people find Forex Yard a superb system, but it isn't really for the newbie. The minimum deposit is $100 but they recommend $1000 on their Pro account. You don't want to start risking this amount when you are just setting out.
- Pip-Forex has an extremely user-friendly site and trumpets itself as being for the newbie. However unlike the other two it requires a software download, which some people find causes problems. Also its minimum trade is $200 which is too much to start out with. Also compared to the other two its leverage is poor - that is, the multiple of your deposit that you can trade with. With Forex Yard the leverage is 200:1, meaning that if you deposit $100 you can trade with $20,000! With Pip-Forex the leverage is only 100:1.
- Along with most other people I would recommend Easy-Forex if you are just starting. As with Forex-Yard there is no software to download - you can log into your account from anywhere and just start trading. But what really makes it No.1 for the beginner is the low minimum deposit - only $50! So you can enjoy the excitement of foreign exchange trading without losing more than you can afford. Yet because of the leverage of 200:1 you still have the potential to make substantial profits.
Find out more from http://www.bizwrite.co.uk/Forex/forexindex.html
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