Finding a Broker: Discouraging me from trading

Hey guys,

I've been researching and reading sooo much from broker to broker, from forum to forum......Nothing to me seems very solid in any of these brokers. First off let me say im not trading news.

Now im just worried my investment and earning will suddenly disappear from one of these guys....No one to trust. I've read about people's experiences and they all differ. So is it safe to go with only the bigger brokers? Who do you feel the bigger brokers are?

Just when I saw DBFX I was excited...but again with FXCM lurking in their shadow you get worried....


AHHH!!

Actually, there is no broker that is close to being the idea service. You should pick one and start trading as soon as possible keeping in mind that if you are not satisfied, just change brokers.

Many of us have changed brokers several times over. I have a feeling that you will also...so take the plunge, get into the forex and make some pips!

to avoid all of our money evaporate, we tend to take the profit regulary . so should it happened, we can have another sum of money to put back in.

more and more i think, the chance i blow my account is bigger than the broker chance to blow up their company...... don't you think so?

That's the attitude of a successful trader!

Don't worry about DBFX. Deutsche Bank is strong and capable.

Amen to Gwan's post.
As for the broker--find one that serves your needs. Will you be trading micro or mini account? Are their charting packages and trading platforms easy to navigate and use? Charts and platforms are your tools that you'll be spending endless hours with. Make sure they suit you. Have a look at their tutorials etc. Call their 800# with a few questions just to see how easy they are to reach.
Not trading the news will make your choice easier.
Other than that, pick one that's been around for a while. I agree with Gwan. We're more likely to blow our own accounts than they are likely to bankrupt their own company. It can happen, but we're traders and work with probabilities.

Happy Trading

You will allways find problem with this broker or that broker...

Even Oanda receive complains from time to time...

But you mst realise that most broker prefer to have client who gains money rather lose money...

The more trade you make, the more money they make...

Each full lot traded on €$ make them gain 20$ without any effort and you can imagine how many trades there is every day on this pair...

But from time to time, your order will got requoted, your will have slippage, your SL will get it to the pip and during the meantime your TP will miss by one pip and then you will feel that you are getting screwed by the broker.

My advice is to use a NDD broker. With a NDD broker, the only one you can blame is the market and youself (well eventually you can blame the broker if their plateforme frozes just before you close your trade )