How to Find the Best Forex Sites

If you've always wanted to try your hand at Forex Trading, but weren't sure if you could afford it, there couldn't be a better time than now. Online Forex Trading has made it simpler than ever for regular people like you and me to trade forex from the comfort of our homes, while sitting in front of a computer screen.

All you need is a few resources, good business sense and a reliable, professional online forex broker. This article will help you find the best forex broker sites.

Regulated and Licensed Forex Sites

If you key in 'forex brokers' in Google, the sheer number of results will want to make you give up before you start trading. But don't worry; we have a list of criteria for you to check in order to pick a good forex site:

The best forex sites are regulated. While regulation may or may not help much after you've been cheated of your money by a scam, ensuring that your broker is regulated is some kind of assurance that he is not conning you. In the US, your broker should be a Futures Commission Merchant (FCM) with the Commodity and Futures Trading Commission (CFTC) and be a member of the NFA. The regulated ones will proudly display their registration number on their home pages. You can verify this number with the NFA website to double check.

In order to find the best forex trading site make sure it offers you support 24*7, that's what the best ones do. One of the reasons why Forex Trading is so exciting to a hard-core trader is because it's open 24*7. This makes it all the more volatile, with more opportunities for profits and losses. It also means if your broker isn't able to offer live customer support in a crisis at 2:00 AM, he cannot be trusted. Ensure you try out the brokers' help-desks at odd hours and check their response quality.

The best forex broker sites have an easy-to-use interface. The software you use during demo trading will be more or less similar to what you'll use in real time trading. So ensure it makes trading easy for you. Ensure your screen shows you all your balances, real time exchange rates, and if it's a download and run program, ensure it's compatible with your OS.

These are the basic factors that you must check with a broker before signing up. While common sense and information are your best bets with forex trading, a good choice for a broker will go a long way in helping you use the other two. Below you'll find the best forex sites online today:

Top 3 Forex Sites Online

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Our top choice is eToro due to their easy to use forex software and friendly customer support. But AvaFX and ForexYard are also great Fx sites, so either of these 3 sites is a really good pick.