Forex trading
- Thread starter fawzan
- Start date
ContentCreation
BANNED
- Apr 29, 2011
- 513
- 249
http://www.trading-point.com
Great spreads, great support, no requotes, fast execution, uses metatrader 4 and it is regulated!
All you need in a good broker + it gives you 20% bonus on your initial deposit!
Great spreads, great support, no requotes, fast execution, uses metatrader 4 and it is regulated!
All you need in a good broker + it gives you 20% bonus on your initial deposit!
oanda is one of the biggest.. but their spreads get stupid during news.. but then again you shouldn't be trading news in the first place. They have no minimum deposit if i remember correctly. interactive brokers is an ecn i believe, and you could trade stocks with them as well. think minimum is 7500 or 10000 deposit. Go with the big name well known brokers, when it comes to forex assume the worst
Ossbrigade
Newbie
- May 26, 2011
- 15
- 1
Any sugguestions on iPhone forex trading?
Find a good broker is not so difficult, there are many, you should look for ECN brokers and the ones that have been in the place for a long time.
But you also have to learn trading and this is the difficult part...
You'll find many websites telling they'll teach you, marketers (not traders) selling you the "Holly grail", the "Forex ATM"... but all of this is BS
You have to learn from real traders and build a strong trading method you can adapt to the changing market. Forex can be very frustrating sometimes.
I had developped a quite good trading method but I had to go back to a 9-5 job to pay my bills and could no more trade... I had to find someone to manage my money and I found watfordinvestments (google them to find their site), they are a forex managed accounts company.
You should have a look at their website as they allow you to open a free demo managed account, you'll see how good they are at trading and they will tell you which broker is the best for you.
But you also have to learn trading and this is the difficult part...
You'll find many websites telling they'll teach you, marketers (not traders) selling you the "Holly grail", the "Forex ATM"... but all of this is BS
You have to learn from real traders and build a strong trading method you can adapt to the changing market. Forex can be very frustrating sometimes.
I had developped a quite good trading method but I had to go back to a 9-5 job to pay my bills and could no more trade... I had to find someone to manage my money and I found watfordinvestments (google them to find their site), they are a forex managed accounts company.
You should have a look at their website as they allow you to open a free demo managed account, you'll see how good they are at trading and they will tell you which broker is the best for you.
Ossbrigade
Newbie
- May 26, 2011
- 15
- 1
What about using the official forex app?
I already get the market aspect of forex. I even developed my own method of scalping efficiently in 3 days.
I already get the market aspect of forex. I even developed my own method of scalping efficiently in 3 days.
starkygold
Newbie
- May 12, 2011
- 16
- 0
Oanda or ECN dukascopy
Please bear in mind almost 90 percent of potential investors will lose money trading forex and will never be able to properly recognize forex signals in order to profit from them.It is a stunning phenomenal how often people see trading signals on the chart they are simply not there and they lose their accounts very quickly,we have to make sure that we put ourselves into that 10 percent who actually generate a steady stream of income from forex signals.
Ossbrigade
Newbie
- May 26, 2011
- 15
- 1
I Understand this very well. but I think I have an advantage because I can watch the market 24/7 basically i have 24hr/ a day to speculate, form charts, and make stop/limits on the fly....
jazza
Registered Member
- Oct 12, 2009
- 58
- 23
If your a trading Newbie then start off with a small deposit and try out the broker first e.g. their order execution times, withdrawing your profit (most important) and depositing.
Sometimes their demo accounts are on different servers, thus execution time can be faster than the live accounts, so don't always think a demo account will give you a true account of what a forex broker is like.
An established broker worth a shot with $1 deposits (last time I checked) is http://www.liteforexsa.com
Also worth checking out the top ten brokers on http://www.fx1010.com
Sometimes their demo accounts are on different servers, thus execution time can be faster than the live accounts, so don't always think a demo account will give you a true account of what a forex broker is like.
An established broker worth a shot with $1 deposits (last time I checked) is http://www.liteforexsa.com
Also worth checking out the top ten brokers on http://www.fx1010.com
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tonegawa
Junior Member
- Mar 3, 2011
- 153
- 33
babypips is very famous and their course is a must for a newbie.
I used it to learn and I have been very satisfied.
I don't think it has any malware
Anyway, my broker is Alpari Uk. I haven't had any big issue with them.
I heard that oanda has the lowest spreads, though
tonegawa
Junior Member
- Mar 3, 2011
- 153
- 33
babypips is very famous and their course is a must for a newbie.
I used it to learn and I have been very satisfied.
I don't think it has any malware
Anyway, my broker is Alpari Uk. I haven't had any big issue with them.
I heard that oanda has the lowest spreads, though
mmmmmmmmmmmm
I have just surfed babypips, and I'm also getting the malware warning......
This is the first time it happened.
Also I clicked "proceed anyway", and Kaspersky is giving me blocking notifications.
Maybe the website has been hacked somehow
Paranoid Android
Elite Member
- Jun 20, 2010
- 2,864
- 4,209
well, etoro?
MoneyMachine
Junior Member
- Nov 22, 2008
- 147
- 46
Oanda is good like others said, also the babypips tutorial is awesome for noobs.