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broker for newbie

  • #81
  • Jul 28, 2017 2:05pm Jul 28, 2017 2:05pm
Quoting JimmyChoo
Which brokers provide unlimited demo trading service they are much useful for the novice traders! Because, new traders need practice enough before trading with real money!
So many brokers are available in this retail market place which ensure unlimited brokers services but I don’t think so this is useful for the beginners trader because they always ignore demo trading and prefer micro account as a newcomer without practicing demo account.
  • #82
  • Sep 1, 2017 5:53am Sep 1, 2017 5:53am
Quoting MarkFxAnde
{quote} So many brokers are available in this retail market place which ensure unlimited brokers services but I don’t think so this is useful for the beginners trader because they always ignore demo trading and prefer micro account as a newcomer without practicing demo account.
Demo trading is just time passing and not too much effective to acquire something for the traders who are especially beginners. Micro account can be used instead of demo. They can keep concentrate strongly because of real money.
  • #83
  • Sep 5, 2017 9:12pm Sep 5, 2017 9:12pm
Quoting frxer
i've decided to get going, enough learning about the trade..(forex), i have to start "making money" i would love to get recommandations of forex sites that are easy to use, and are able and willing to allow demo accounts, and later on, hopefully, accounts that able low starting rates. i've not yet found a site that suits me... for begginers (as myself) that are reading my post please be in touch and give me a tip or two, from a begginers point of view! thanks...i'll appreciate it! frxer
probably the mist important is Broker license, which authority gave the licence , it's big difference between Financial Conduct Authority or International Financial Services Commission of Belize
  • #84
  • Sep 5, 2017 10:56pm Sep 5, 2017 10:56pm
You should choose a broker who can give you direct access to interbank forex trading quotes, no hidden price spreads, no markups, just transparent low commissions. No hidden price spreading, no markup, no kickbacks. Just the combination of real time prices from 14 of the world's largest forex dealing banks plus a transparent, low commission that avoids the conflict of interest of forex platforms which deal for their own account. This kind of forex broker would be good for newbies.
  • #85
  • Sep 6, 2017 4:30am Sep 6, 2017 4:30am
According to me, new Forex traders need educational support from their brokers like the video tutorial, trading eBook, and webinar related facility! Because they have to build their trading skill first! On the other hand, new traders need flexible demo trading service, like demo trading without any restriction! But I see, now few brokers are offering limited number demo service, for 3 months, 6 months! New traders should avoid this kind of trading brokers!
  • #86
  • Sep 6, 2017 6:12am Sep 6, 2017 6:12am
Quoting Hugelee
You should choose a broker who can give you direct access to interbank forex trading quotes, no hidden price spreads, no markups, just transparent low commissions. No hidden price spreading, no markup, no kickbacks. Just the combination of real time prices from 14 of the world's largest forex dealing banks plus a transparent, low commission that avoids the conflict of interest of forex platforms which deal for their own account. This kind of forex broker would be good for newbies.
Thank you very much for nice description which can be supportive to judge a right Forex broker for the sake of newcomers. But from thousands online broker it’s really difficult to make sure correct one.
  • #87
  • Oct 4, 2017 9:00pm Oct 4, 2017 9:00pm
Uhm.. for demo practice I've been using Oanda. I like them because I can use MT4 and their own charting software as well as software for your phone which I have a peek at at work . For real money I'm in Canada so it is limited, and I'm not quite sure what constitutes a "bucketshop" just yet lol
  • #88
  • Oct 10, 2017 1:09pm Oct 10, 2017 1:09pm
Quoting sseebbaa123
Uhm.. for demo practice I've been using Oanda. I like them because I can use MT4 and their own charting software as well as software for your phone which I have a peek at at work . For real money I'm in Canada so it is limited, and I'm not quite sure what constitutes a "bucketshop" just yet lol
Basically the performance we get from demo account , practically when live account we don’t find the same environment . any experience you have about this ?
  • #89
  • Oct 10, 2017 2:20pm Oct 10, 2017 2:20pm
No live account for me yet, I will go live only once I have a system down. I think I'll just start with a smaller deposit and work up from there, try a few withdrawals and make sure there is no problems with that. I don't see what else you can do other than try it yourself unless you know someone whose used the broker. On the internet anyone can write anything
  • #90
  • Apr 26, 2018 6:25pm Apr 26, 2018 6:25pm
Quoting ericnyamu
there's no broker for newbie.not all brokers are genuine but a broker specifically for newbie doesnot work.
This is true, there is no broker for newbies. all brokers are good
  • #91
  • Apr 30, 2018 9:44pm Apr 30, 2018 9:44pm
Almost all the brokers try to attract the beginner in their trading platform to trade. They offer various opportunities for the beginner.
  • #92
  • May 1, 2018 6:49am May 1, 2018 6:49am
Quoting Butterscotch
Almost all the brokers try to attract the beginner in their trading platform to trade. They offer various opportunities for the beginner.
True. With good, proper, regulated brokers those opportunities are real, scammers, on the other hand, just take advantage of the newbies.
  • #93
  • May 1, 2018 8:04am May 1, 2018 8:04am
Brokers which I used: Oanda, forex.com, fxcm. Reliable and can be trusted
Even though I walk through the darkest valley, I will fear no evil
  • #94
  • May 1, 2018 1:02pm May 1, 2018 1:02pm
Quoting Butterscotch
Almost all the brokers try to attract the beginner in their trading platform to trade. They offer various opportunities for the beginner.
Generally we beginners like to trade in top Forex broker but i have seen according to my trading experience their trading environment is not appropriate for newcomers in particularly due to high deposit and fast trading spreads, so i think top level trading brokers should comfortable for newcomers by providing as usual facilities.
  • #95
  • Jul 27, 2018 7:59am Jul 27, 2018 7:59am
Quoting monocor
Brokers which I used: Oanda, forex.com, fxcm. Reliable and can be trusted
Thanks, I guess now, I have a collection of brokers to choose from
  • #96
  • Aug 11, 2018 11:37am Aug 11, 2018 11:37am
Quoting monocor
Brokers which I used: Oanda, forex.com, fxcm. Reliable and can be trusted
3 brokers?? May I know your trading style? I mean long term or short term or both?
  • #97
  • Aug 11, 2018 3:39pm Aug 11, 2018 3:39pm
If i heard you say Newbie then the only thing worth trading till you move from that newbie level is a demo account and i think every single retail broker can give you that without any issues...Newbies are nt suppose to start trading live IMO...that is just what i think.
''If its BULLSHIT when automated trading it manually is STUPIDITY''
  • #98
  • Aug 13, 2018 9:47am Aug 13, 2018 9:47am
Broker which provides interbank core spreads without markup ; with small commission ; NDD STP/DMA execution ; Not market maker ; Without any bonuses ; Regulated by trusted regulator ; With good opinions from users in the Internet
  • #99
  • Sep 3, 2018 2:57pm Sep 3, 2018 2:57pm
Quoting Butterscotch
Almost all the brokers try to attract the beginner in their trading platform to trade. They offer various opportunities for the beginner.
i have seen according to my trading experience, most of the opportunities are found to be scams.
  • #100
  • Sep 19, 2018 3:27am Sep 19, 2018 3:27am
Quoting Butterscotch
Almost all the brokers try to attract the beginner in their trading platform to trade. They offer various opportunities for the beginner.
Yea, if you see a broker, providing "welcome bonus", "100% deposit bonus" , "first login bonus" and similar opportunities- stay away
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