Forex Broker Explained: How to Choose One and Place Your First Trade

If you’re new to Forex and wondering how traders actually place trades, this video walks you through the entire process in plain English. Before you hit Buy or Sell, you need a broker. Today we explain what brokers really do, how they make money, how to choose a safe one, and how to confidently place your first trade step by step.

What you’ll learn:
• What a Forex broker is and why you need one
• ECN vs STP vs Market Maker brokers
• How brokers earn through spreads and commissions
• Regulation and safety checks you must look for
• How to open an account, set lot size, add stop loss and take profit
• How to place your first real trade without confusion

Timestamps:

0:00 Why You Need a Broker to Trade Forex
0:32 What a Forex Broker Actually Does
1:26 ECN vs STP vs Market Maker Brokers
2:13 How Brokers Make Money (Spreads, Commissions, Fees)
3:20 How to Choose a Safe Broker
4:00 Testing the Platform (MT4, MT5, cTrader)
4:45 How to Place Your First Trade Step by Step
5:11 What Happens After the Trade Opens
6:27 Final Tips and What’s Coming Next


Watch next:
• The Truth About Forex Leverage
• Forex vs Stocks vs Crypto: Which Market Should You Trade
• Why Most Beginners Blow Accounts

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