Choosing the right forex broker is essential if you want to succeed as a forex trader. This is the most important and the most crucial step that many traders simply don’t give much thought or attention. Choosing a wrong forex broker will result in your failure as a forex trader no matter how hard you try. You will constantly find your take profit targets not being triggered or your stop loss getting triggered too early. Many brokers play these games especially with new traders. I have been through all this and can tell you that choosing the right broker will help you in the long run otherwise you will continue changing brokers after every few months.
AFBFX Forex Broker Review
First if you are a US citizen, then you don’t need to read this review as AFBFX does not allow US citizens to open an account with them just like most other non US based brokers. However, if you are a not a US citizen, you can open an account with this broker. I have been trading with them. I have found that their spreads are tight and the execution of the orders is fast plus their support is good. You can open a live account with just $100.
When you start trading live, it is always a good idea to start with a deposit of $150-$250. You don’t need to deposit more than this amount. Now you should try to double this amount in one month which is doable and not difficult if you have got a good forex system. If you can double $250 in one month, it means you will have $500 in your account at the start of next month. Now double this $500 to $1000 in the second month. If you can do it, the road is open for you to make your first million dollars in the next 12-24 months. Do the maths, if you start with $250 and make 100% return every month for the next 12 months, you will be able to turn this $250 into $1 million. Of course, your million dollar journey starts with the right broker and AFBFX Forex Broker is a broker that you can rely on!