Before you can even begin to master the art of forex trading, you will need to make a very important decision — finding a broker that will execute your trades? Finding the right broker can have a major impact on your success as a trader. While there are several things to consider when researching forex brokerage firms, the first thing you should research is price.

When you sign up for forex trading systems online or do trading with online brokers, you don’t have to pay commission. However, you do have to pay a pip. A pip is the difference between the amount that you can buy a currency at and the price you can sell it for. Find a forex broker with lower pips. A forex broker with lower pips will help you attain higher profits on your trades. In addition to lower pips, a good forex trader should have a good reputation and higher levels of leverage.  You may even learn forex from a good broker.