Introducing broker assistance is one of the best ways for new traders to learn fast and start making profitable trades. Modern Forex is incomparably more accessible than the Forex of only a generation ago, this has lead to a massive rise in the number of Forex adopters and as such there is huge new demand for assistance. There is no one better than an introducing broker to show new traders the ropes. Introducing brokers earn rebates on their clients’ trades so they are highly motivated to recruit traders and help them become successful.
Many new traders are a little overwhelmed when confronted with advanced trading software like Metatrader or Unitrader. The good news is that these platforms aren’t nearly as complicated as they look and a good introducing broker can talk you through the basics, or alternatively slim down and simplify you settings. If you ever want to master the most sophisticated tools on offer such as autotrading and electronic advisors, asking an introducing broker for help is a good way to start.
Brokerages are keen to recruit talented introducing brokers for two reasons. Firstly introducing brokers bring in high quality traders that provide a brokerage with their principal source of income. Secondly they help said traders become successful, thus increasing cash flow to the brokerage and improving the brokerage’s reputation (which in turn brings in more clients). The best introducing brokers are offered white labels which means that they recruit for one brokerage exclusively. The advantage for the introducing broker is that the brokerage fully endorses them.
Brokerages are always on the lookout for talented new introducing brokers. If you are a talented networker and have access to a range of contacts that could possibly be persuaded to trade Forex, for example if you work in the financial services industry, it is likely that a good brokerage would be interested in recruiting you.