Forex brokers are paid commissions based on the outcome of your spread. The spread, measured in pips, is the difference between your offer price and the bid price. Since the market moves rapidly, your broker needs to be readily available to facilitate your trading, provide advice, and ensure quick and reliable access to the market. When you start reviewing the various forex brokers available, make sure that part of their service includes providing up-to-date advice on all currency trades, the current economic environment, and the best options for optimizing your spread for trades. These services are essential for successful trading. The broker you choose should be accredited to ensure they are familiar with the terms and rules set by the exchange for currency trading. A competent full-service broker will always stay informed about current market conditions and available currency rates. Their advice should guide you toward making viable trades. An accredited broker should offer flexibility in swapping currencies depending on current market conditions without charging high or variable commissions. You should be able to swap currencies based on your trading expectations, regardless of your trading platform, without outrageous commissions or fees going to your broker. When selecting a brokerage firm, make sure you start trading in small quantities until you become familiar with your broker. Get to know them by frequently speaking with them on the phone to seek advice and understand their services and experience level. Determine whether your forex broker understands market trends, stays updated with economic and currency news, and grasps the impact of world markets on your exchange. Ensure they remain current while providing multiple means of advice through conversation, newsletters, email, and other sources. These are all extremely important factors to consider when reviewing the right forex broker to meet your trading needs. For top online forex broker comparisons, reviews, and resources, visit http://www.yourbrokerguide.com.