When looking for a forex trading broker make sure to choose a broker that is registered with the government in which they do business. Before you sign any contract with them or send any monies make sure you verify that they are indeed registered.
The risk you take upon each trade you take is your own responsibility not your brokers. Do not blame your broker if you take a trade that is over leveraged and you get stopped out or recive a margin call.
Common sense goes a long way when trading forex. Before making any trades always know your risk and do your homework so you know exactly what you are doing and why.
Stay away from companies that trade in the interbank market because the currency transactions are negotiated on an unstable network of large companies and financial institutions. Nor is it advisable to transfer or send cash through the mail or online and therefore you will have more certainty that it will remain safe from online forex scams.
