broker for newbie

its a very complicated question to answer, generally traders like to believe that than any others Fx company regulated is more safe and sounds. but in practically we the traders find so many brokers which is regulated and also scam. so right now its difficult to say " regulated broker are always good".

Choose broker as per your knowledge, if you fail then you will learn a lesson and if you got the right broker then your confidence will be gain.

exactly , wrong broker always gives us a great lesson, but sometimes it causes a huge losses , because any kind of brokers can affect the result of our trading with certainly.

If you are new in this market, Firstly you need to set a broker for you. There are so many brokers in the market. Some are good and some are bad. So, finding a good broker from All of them, is quite tough task to do.

simple language, simple message but all are effective,
broker choosing really a major issue if you want to lead a comfortable trading life with certainly .

The first thing one needs to look is regulation, I think.

Hey everyone, I have a newbie broker question (I hope this thread is OK?). Been trading since December last year. Pretty serious about making a real go at this! Wild trip so far, been in profit, been in loss, trying multiple plans and methods, slowly finding my niche, and currently back at break even... whoohoo!

My question is about 2 brokers I currently use, XM Trading (real money account) and Plus 500 (for demos and new ideas). I prefer the Plus 500 platform because I find it very easy to calculate my lot sizes when placing my stop losses, and I am looking at using this broker when I feel the time is right to really crank things up in my forex journey.

Any input, advice, tips ect would be much appreciated

Thanks in advance

There are lot of brokers in forex market. Trader should choose regulated broker to avoid scam. FCA, Cysec, SEC, FMA are good regulator. So, trader should choose the broker which is regulated by one of them.

This is the best option. Fortunately you can demo with nearly any broker.

There are so many fake brokers in the forex market. so, when you choose your broker always be carefuyl. You can take help from different websites that provide broker reviews .

It's true. Scam brokers are ubiquitous - recently the UK police blocked 1,000,000 scam-related emails. The sheer number is just mind-boggling.

yes, I agree with you. There are many bad and fake brokers outthere in the market and if you want to choose a reliable and trusted broker than it is a good idea to read reviews about them at different reviews sites and always choose a broker with good reputation in the market.

If you want to survive in the forex market, you have to choose a reliable and regulated broker for you. You can select a good broker by researching the market. You can follow those websites which provide broker reviews on their sites.

This is the toughest thing in the forex market to find a reliable broker. Because there are so many fake brokers in the market. So, be careful when you are going to choose a broker for you.

common suggestion, but effective. generally, we choose our trading broker with an emotional state and suffer a lot when trading in practical. should chosee the broker which is more appropriate to the concept of trading that will be used.

Choose a broker by checking the spreads, commission and leverage the particular broker is offering

if you are a scalper then you should choose the broker which has most lowest trading spreads , because without lowest trading spreads its very difficult to bring profit with consistently.

It is very important for new traders to choose a broker. If the broker is not good, it is not possible to make a profit by trading. Every trader needs to have a good broker. If the broker's spread is not good, it is not possible to earn more money by trading. Brokers offer many benefits so it is important to choose a good broker.

You should be more important about a safer broker and need broker license. Each broker may have the beauty of each broker.