Finding the right forex trader for you can be a test of patience and frustration. The rapidly changing forex market produces more traders faster than it can dump discouraged ones right back on the street. With all this confusing action, it may seem that a good trader is as hard to find as becoming one yourself.
You now find yourself asking if you should employ the services of a trusted company of experienced traders that you can trade with and who will help you manage your account. Finding the right team would require the same process you should follow when researching any company offering financial services.
You’re looking for a team of traders that will not only work for you but with you. Do they offer daily support? Can they offer other services like educating their clients, offering short tutorials so that you’re not completely in the dark, having blind faith in your trader as you entrust them with your hard-earned money? Can they offer live analysis for their clients everyday?
Here’s what you can do to can gauge if the company you are considering trading with can offer all these additional perks and is reputable, reliable, reasonable, and reachable:
Begin with Research
First and foremost, you will want to check the qualifications of your potential team of traders. This includes going through their documents, regulations, management team and business licenses with a fine-toothed comb. Publicity is a huge part of a professional forex team. Enter the name of the company you are considering into the Google query box along with the term reviews. You should receive a good idea of what to expect from reading over the comments from past clients.
Is the Trading Team Credible?
You should be looking for a team of traders who have made a reputation for themselves and can provide you with their customers’ feedback through public forums and websites open for trading discussions.
Find a team that practices transparency. The company, Live Traders, has a live analysis room where you can interact with other members, monitored by a moderator. You can have your questions answered by live traders. With live trading rooms you get real support, provided by a community of traders all wanting to learn from each other. With live trading, you see real trading and real results in real time.
How Much Does Trading Cost?
There are other trading services that charge as much as $150 a month for the analysis room and a separate charge of $150 for signals. Live Traders offer their live forex trading room for only $97 a month. This service includes swing trading signals, education and training in room, live audio from traders, real-time updates on trade management and the access to chat in real-time with other traders.
If I Have a Question, Where Do I Go?
So many bad experiences can be prevented by asking this simple question. It is hard to sufficiently emphasize how important it is that communication is given priority. Especially when working with people who will be handling your money.
In our line of work we have heard numerous tales of bad situations that arise from miscommunications. The team of traders may actually be doing a good job; the problems begin to surface when it comes time to ask a simple question.
Without an effective customer support team in working order, questions don’t get answered; sometimes phone calls are answered by people who can’t provide an answer, or at least not in proper English. Needless to say this is a bad situation caused by shoddy forex traders.
Making sure your forex team of traders is on call to answer your concerns and questions any time of the day or night is greatly beneficial. Forex teams with a high level of customer service can actually help their aspiring traders deal with the uncertainty of the market and illustrate the ‘bigger picture’; being aware of long term goals and progress helps to lighten the sting of minor losses that beset any forex portfolio.
A good way of finding out how fast they will contact you as a valued client is to drop them an email or send messages over a social media channel. How long did it take to receive a reply? What was their customer service like?
What is Your Trading Style and What Additional Services Do You Offer?
An amateur or aspiring trader may not need to ask this, but after time and experience has been accumulated, you will want to consider inquiring about the various financial instruments their team employs. Ask about the various trading platforms on which they operate and even the various account types and their various advantages.
There is a huge variety of services available depending on the specific needs of the trading team and the client themselves. It is a huge advantage to find a team that will take the time to match their service to your specific needs and trading styles.
In Conclusion — the advantages of a reputable team of traders are no less than higher dividends and far less stressful journey along the way. If you are interested in knowing more about finding your perfect team, visit Live Traders and get some advice from the experts.