If your going to trade on the foreign exchange markets, it is essential to find a good broker. A good broker is going to be your ace in the hole when it comes to good advice, finding good resources, and making tough decisions. You not only have to find a good broker, but you need a broker that is aligned with you, your style, your needs, and your style of trading. Finding the best forex broker is a relative concept. There are many great brokers but if you don't get along with yours, or your broker is stuck in a whole different gear of how your comfortable trading (i.e. he likes to take big risks, go after the risky trades, while you like to play it safe, build up your money first etc..) then this could be a disaster for you.

A good forex broker is not there to do all the work for you, he's there to facilitate the process and give you ample opportunity to generate money from good trading advice. The broker is there to make money just like you are and helping you do that is part of his job, however, you have to realize that you and you alone are responsible for your success or failure. The broker has many benefits but in the end your making the decisions, they are providing options, and in many cases advice to help you help them to help you!

The The Best Forex Broker will offer you guaranteed stop loss protection. This means you are not going to lose more than you deposited into the account. Without this protection you could end up deep in the red, that's not just losing money you added to trade with but money beyond what you have in the initial account! A good broker will offer this and will let you know about it. This is essential to protect you!

You shouldn't have to pay more than the currency spread in transaction commissions. If your broker is asking for more than this then you should find another broker, who will not. There is absolutely no reason to pay extra broker commissions beyond the spread, and to do so is just throwing your money away. They are not the only game in town! If the broker is good and confident in your ability to make money he should be content to only charge the transaction commission.