Brokers 101

The first step in the real world of forex is opening an account with a broker. But be warned! Brokers love to hunt for noobs.

Lessons in Brokers 101

1. History of Retail FX

   The Internet has brought us many great things (online videos, social networking, ahem... BabyPips.com), but its greatest gift to the little guy is retail forex trading!

2. Different Types of Brokers

   There are two main types of brokers: Dealing Desks (DD) and No Dealing Desks (NDD). What's the difference?

3. Which Type of Broker Should I Choose?

   One type of broker isn't necessarily better than the other because each trader is different. This lesson will help you decide which factors are most important to you.

4. 6 Most Important Things to Consider When Choosing a Broker

   Choosing which broker to trade with can be a very overwhelming task especially if you don't know what you should be looking for. In this section, we will discuss the qualities you should look for when picking a broker.

5. Beware of Bucket Shops

   Unfortunately, there are those out there who don't play fair or by the rules. We here at BabyPips.com will help you avoid entrusting your hard-earned cash to these nasty bucketeers.

6. Defending Yourself

   While you may feel like a dwarf among big bad brokers, it doesn't mean that you have to take their abuse! Here are some ways to fight back against unfair practices!

7. Opening a Forex Trading Account

   Now that you've done you're due diligence like I'm sure you have, it's time to to pull that trigger on opening an account.

Forex Training in the School of Pipsology