The terms forex broker and forex trader are well known to everyone, but one of the most challenging questions is which forex broker is best? The answer will be different for different forex traders as everyone has their own experiences. Rather than trying to determine which forex broker is best for you, a better approach to answer this question is to outline what constitutes a forex broker who can be placed in the best category with confidence. A good relationship with your forex broker will be one of the key aspects to a profitable portfolio and also adds a thick layer of security to your overall forex trading approach. What is a Forex Broker? A forex broker connects forex traders to the forex market through a trading platform provided by the broker. In addition, all deposits and withdrawals are handled by the forex broker which is why trading with the right one is essential. There are always bad players in the market who will accept your deposits, but give you a headache when you try to withdraw your money. In order to avoid those type of brokers, do your due diligence and don’t be afraid to ask questions. A quality forex broker will always handle your finances the same day or by the next day if received after hours, never ask you questions about why you withdraw money and provide you with a safe and honest trading environment. Before you start to think about deposits, strategy and earning money, make sure that you answered the question “What is a forex broker?” and make sure that you are partnering with the best for your portfolio. How does forex brokers work impact your trading strategy? When you trade with a great forex broker, you can earn more pips per trade which will stack up over time. The best forex brokers also offer extensive analysis and market insight their forex traders. Their prime concern is profitability of their traders which in return boosts their own. Always make sure that your broker is build around the needs of traders and puts them first. This mentality will create a trading environment where your trading strategy and portfolio can thrive and you can rest assured that your finances are safe and secure, accessible whenever you need them and that a team is in the back-office ready to support you. Who are Forex Traders? Forex traders are individuals who are active in the forex market. How forex trading works can give you a better idea of what a forex trader does. The basics of forex trading are analysis and trading. The analysis requires the most time and occupies a lot of brainpower in order to conduct. Forex traders either use a fundamental analysis, a technical analysis or a combination of both in order to identify profitable trading opportunities. Once this is concluded, the trading aspect can take anywhere from a few moments do a few hours and all depends on the trading strategy. Some prefer to take a long-term view and place a few trades per week while other are focused on short-term charts and small profits which results in them placing hundreds of trades per day. Trade management as well as proper risk management are cornerstones of a well balanced approach to profitable forex trading. It usually requires a team effort and plenty of hours in order to operate a successful forex portfolio. Who are forex traders is an easy answer, the tough one to determine is who are successful forex traders. As you can see, it requires a lot of resources and knowledge in order to succeed, but the great news is that thanks to technology this can be mastered with ease by everyone. There is a growing number of automated forex robots on the market, created by seasoned professionals with great support teams in place. The best forex trading robots, such as SpyFX, are operated by artificial intelligence which takes care of the necessary work in order to deliver profits to forex traders. All you do is connect your own trading account to a master account and enjoy the hard fork of your automated forex robot; no experience needed, no trades placed and not mistakes made!