Extracted Posts

Good broker, offers Metals trading and demo accounts
FOREX TRADERS - If you're looking for a reliable Forex broker where you can still get 500/1 leverage and do hedging and NOT have a ridiculous FIFO rule, check out TradersWay -

(tradersway.com/?ib=1004609)

I have been trading with them almost a year now, and am very happy - they offer traditional MT4 accounts and ECN accounts, and their spreads are great - often less than 1 pip on Eur/Usd, and right about 1 pip on Aud/Usd and Gbp/Usd.
They are (obviously) NOT a U.S. governed brokerage, so if that's important to you, then they're probably not for you. But I have personally found them very reliable - fast, no platform freezes, no problems with deposits or withdrawals.
Feel free to "message" me here on Facebook if you have any questions. Happy Trading in 2013!

Jack

Hi, guys - sorry to be absent so long, I was just finding it too difficult to talk and trade at the same time (I can't walk and chew gum either).
Hope everyone made a million in my absence.
But here's a returning to the forum gift for New Year's:

If you're looking for a reliable Forex broker where you can still get 500/1 leverage and do hedging and NOT have a ridiculous FIFO rule, check out TradersWay -

(tradersway.com/?ib=1004609)

I have been trading with them almost a year now, and am very happy - they offer traditional MT4 accounts and ECN accounts, and their spreads are great - often less than 1 pip on Eur/Usd, and right about 1 pip on Aud/Usd and Gbp/Usd.
They are (obviously) NOT a U.S. governed brokerage, so if that's important to you, then they're probably not for you. But I have personally found them very reliable - fast, no platform freezes, no problems with deposits or withdrawals.
Feel free to "message" me here if you have any questions.
Happy Trading in 2013!

Jack

How much do you risk per trade?

Starry - Yeah, everybody has to make their own judgment call on that, and there are certainly foreign brokers out there that are scams - I don't think TradersWay is one of them - I have virtually closed my account through withdrawals a couple of times, and never had even a hiccup with the withdrawal request.

My own position is that most of the post-Dodd-Frank regulations are idiotic and do nothing to protect investors, only hinder them - like the no-hedging rule, and especially the FIFO rule - It used to drive me crazy when I'd have several different lots on in the same trade, and I'd go to close part of my position, and get an error message saying, essentially, "No, you've got to find the FIRST 5 lots you bought and sell them - We won't let you sell the LAST 5 (or the middle 5)". Invariably I lost money as the market moved while I searched through time stamps looking for the earliest buy/sell I'd made.

Plus, I don't know where the U.S. thinks it somehow got the God-given right to regulate every broker in the world - Imagine if you owned a coffee shop here in the States, and the government of Colombia tried to come in and regulate how you did business or what customers you served. The way I ended up with TradersWay is that my former broker (also foreign-based) eventually just kicked out all its U.S. clients rather thank knuckle under to U.S. regulatory agency rules - and that's what the CFTC is doing, basically going all around the globe, strong-arming brokerage houses headquartered in other countries into either not serving U.S. residents, or complying with every U.S. regulation (which, of course, would piss off all their NON-U.S. customers).

But yes, one should always exercise caution in selecting a broker - it's a nightmare for someone brand new to trading to find a broker, out of all the choices out there, who is (A) trustworthy and reliable, (B) good, and (C) suits their trading style and financial situation well.

Mississippi.
Just kidding. Dominica, in the Caribbean - you know, where you go to find a bank to hide your money from Uncle Sam.

Well, hell, that would just be unethical, no matter what country you're in, and you certainly wouldn't want to trade with a broker who operated differently.
I don't have to worry about winning trades being deleted from my history...I never have any of those.

Anyway, I just wish there were more good places where new traders could go to EASILY find a good broker. There are just so many out there now, and the problem isn't just finding an ethical one, but finding one who's any good - i.e., who offers decent spreads and things like that. When I was looking for a new broker a few years ago, I opened accounts with a couple who are perfectly reputable and all that, but when I saw the murderous spreads they offer (like 3.5-4 pips on Gbp/Usd), I never made a deposit or did any actual trading with them.
My advice is always research carefully - examine carefully - start out with small trades - and make frequent withdrawals whether you need to take any cash out or not, just to continually make sure that there's no problem with getting your money out if you DO need it (there might not be a problem with withdrawals today, but if you let 18 months go by without taking any cash out, you might unpleasantly find that things have changed - so I usually do at least one withdrawal a month - and I'll test a broker by, every now and then, virtually emptying my account, purposely making it look like I might be closing out for good, taking-the-money-and-running, just to watch and see if THAT causes any change in how easy, or hard, it is to get a withdrawal processed). You can always redeposit.

Do they offer leveraged silver trading?

exactly. and they've been on market for years. why searching some dodgy brokers with 1:100000000 leverage? 1:50 is all you need

jbmaverick, starry, pipraven,

Please delete all your unrelated to the thread posts.

EDIT: Thanks pipraven & starry for removing them

I have used Oanda in the past - they're certainly reputable and dependable, but frankly, Oanda's spreads in a standard MT4 account are a joke compared to what I get with TradersWay.
But look, I'm not trying to tell anybody what to do - just, like I said, people ask me for broker recommendations almost as often as they ask me for trading strategy, so I though I'd pass it along for anyone who's looking for a broker.

And, in my opinion, 1:50 is not sufficient leverage for some regular guy who's only got a couple of hundred bucks or so to open a mini or micro account with. I'm sensitive to this issue, as I began my trading with $10 - all I had at the time - in a micro account. Fortunately it was back when even US brokers offered 400 or 500 to 1 leverage. If I'd had to work with just 50 to 1, I'd never have gotten my account off the ground. Having been there, my sympathies are always with the small guy who has a desire to build a trading account, not with somebody who can easily open one with 10 or 20,000 dollars. If someone's got 5 or 10 grand to open an account with, sure, 50:1 is enough, and I'm happy for them...but most of the people I know have never had an extra 5 grand in their entire life - but if they've got a $100 and 500:1 leverage, they just might be able to make 5 grand one day. To me, that's what forex is all about - it's the one investment avenue that a poor person can pursue and slowly build themselves a small fortune.

Kostas - Oh - Sorry, man. Uhh...HOW do I delete them?

press "EDIT" and choose "DELETE" button

That would probably work, but the only one of my posts that's showing the "edit" button is the last one I made.
?