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broker for newbie

  • #141
  • Dec 3, 2018 1:50am Dec 3, 2018 1:50am
Quoting DwainUK
{quote} Of course, with IB is better. You could benefit from some better conditions, depending on IB's agreement with the broker. But of course, you should contact with the IB in order to check what will be the benefit
Thanks for the advise.
  • #142
  • Dec 6, 2018 7:52am Dec 6, 2018 7:52am
Quoting Butterscotch
There are plenty of Forex brokers who claim to be Trusted and market leader in order to lure naïve traders who don’t know how to authenticate the facts.
Unethical advertising is a big, big problem in this industry, not to mention the outright scams, unfortunately.
  • #143
  • Dec 6, 2018 8:25pm Dec 6, 2018 8:25pm
Every professional began from something. There are beginners at any sphere. But not all of them become sucessful.
  • #144
  • Dec 7, 2018 7:50am Dec 7, 2018 7:50am
Also, ForexFactory has a great Brokers section, I recommend asking any questions you may have about the broker you want (and what to do if you're a newbie) there too.
  • #145
  • Dec 14, 2018 3:03am Dec 14, 2018 3:03am
Quoting mlawson71
Also, ForexFactory has a great Brokers section, I recommend asking any questions you may have about the broker you want (and what to do if you're a newbie) there too.
I agree with this. I am using it very often, in order to make my comparisons and find the best brokers which are matching with my trading style
  • #146
  • Dec 14, 2018 4:23am Dec 14, 2018 4:23am
Quoting mlawson71
Also, ForexFactory has a great Brokers section, I recommend asking any questions you may have about the broker you want (and what to do if you're a newbie) there too.
I wonder is there any review for the Broker section? I read from somewhere else, with negative opinions for some on the list.
  • #147
  • Dec 16, 2018 1:37am Dec 16, 2018 1:37am
Quoting cocozone9898
{quote} I wonder is there any review for the Broker section? I read from somewhere else, with negative opinions for some on the list.
Usually, in forum there is no rating option, it’s all about traders comment! But, you’ll get the rating option in review sites.
  • #148
  • Dec 16, 2018 2:29am Dec 16, 2018 2:29am
i think traders own comment about their broker performance is more better than rating ,
  • #149
  • Dec 21, 2018 2:57am Dec 21, 2018 2:57am
Quoting cocozone9898
{quote} I wonder is there any review for the Broker section? I read from somewhere else, with negative opinions for some on the list.
There are a lot of comparison websites in Internet with rating option. Actually, such websites are very helpful in order to find the best brokers. I think, if the ForexFactory enables the rating option, it will be perfect
  • #150
  • Dec 21, 2018 3:33am Dec 21, 2018 3:33am
Agree, totally!!
  • #151
  • Dec 21, 2018 3:38am Dec 21, 2018 3:38am
I wonder someone could recommend few? How about IC Markets, Go Markets, FXTM? I tried their demo, working speed not bad !
  • #152
  • Dec 24, 2018 12:45am Dec 24, 2018 12:45am
Quoting DwainUK
{quote} There are a lot of comparison websites in Internet with rating option. Actually, such websites are very helpful in order to find the best brokers. I think, if the ForexFactory enables the rating option, it will be perfect
Exactly, review sites are much meaningful in this case! Right now, there have couple of popular Forex review sites who are really helpful;
  • #153
  • Dec 24, 2018 5:04am Dec 24, 2018 5:04am
Whatever broker you pick, make sure it is well-regulated by a reputable regulator. Don't sign up with an a broker registered in an offshore zone somewhere!
  • #154
  • Dec 24, 2018 6:38am Dec 24, 2018 6:38am
Quoting mlawson71
Whatever broker you pick, make sure it is well-regulated by a reputable regulator. Don't sign up with an a broker registered in an offshore zone somewhere!
Yes mate; regulation source is important; I mean the regulation authorities! No doubt, non-regulated brokers are the market maker.
  • #155
  • Dec 25, 2018 7:24am Dec 25, 2018 7:24am
Some regulated brokers do prove to be untrustworthy too, we have seen several such examples in recent years, and one always must be cautious, but as a whole it's important to largely deal with regulated companies.
  • #156
  • Feb 7, 2019 3:23am Feb 7, 2019 3:23am
generally , traders above all the beginners trusted regulated broker blindly , but in recent times their review is not positive that can make inspire who willing to trade in there next. sometimes i feel, brokers credibility is more important than regulation.
  • #157
  • Feb 15, 2019 1:21am Feb 15, 2019 1:21am
A newbie should start their trading with a broker who is 100% DMA / STP intermediary agent model, and who is operating by using the core spreads directly from their LPs; without any mark-up from their side.
  • #158
  • Feb 15, 2019 5:35am Feb 15, 2019 5:35am
Quoting UlliC
A newbie should start their trading with a broker who is 100% DMA / STP intermediary agent model, and who is operating by using the core spreads directly from their LPs; without any mark-up from their side.
Do you think that newbies always have to start with a broker?
  • #159
  • Feb 15, 2019 10:45am Feb 15, 2019 10:45am
In my opinion broker is always needed to initiate trade however if you have any other substitute then feel free to share it with us..
  • #160
  • Feb 21, 2019 1:38am Feb 21, 2019 1:38am
Quoting LanaBanana
Do you think that newbies always have to start with a broker?
What else they would start with, what do you have in mind? An intermediary (agency) or you are thinking of interactions ( buy/sell ) directly with/to the banks (the banks are LPs)? You can’t be a newbie & be licensed to trade through the exchange.
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