Trading Platforms

Hi, brothers.... first of all, im a newbie. Just i have 1 question reagarding platforms...like which 1 is better n pro n contra and also comparison among trading platform. where can anyone help to give me the link or where i can find these information.? accoridng to 1 of my friend, he registered in Crown forex and he start his trading, when he set the TP for 10pips sometimes the platform automatiacally will increase or decrease the Take Profit. Is It True? as far as i knew, that Crown Forex is authorised and regulated By ARIF of Swizland. im really interested to open an account in crown forex but im keep on receiving some negative responses.. i dont know whether i can ask this question here but as im still a fresh of 6 months in forex im pleased to ask u guyz to help me clear my doubt...

thank you..

Hi Ghazali

Welcome to the FF community.

Independent broker reviews here:
http://www.forexbastards.com/public/...broker_reviews

Click on the column headings 'Program Name', 'Ratings', 'Total Reviews' to sort by a column. Click on the name of the broker's web site to go to his site, or the 'Read & submit reviews' to read the reviews.

I see they have 29 reviews for Crown Forex:
http://www.forexbastards.com/public/...crownforex.com

When interpreting the reviews, note that some reviewers are newbies and have unrealistic expectations. For example, virtually all brokers widen spreads during high impact news announcements, but some newbies refuse to accept this. Keep in mind that brokers are in business to make money. If they're advertising something like "1 pip spreads, even during news announcements", then you have to ask the question "how are they making their money?", and tread with caution and some suspicion. Like the old adage says "if it sounds too good to be true, it probably is".

Of course brokers should honor profit target and stoploss orders, but not all do.

Another problem with newbies is that they tend to equate scalping with easy money, especially if they get lucky in their first few trades. Then when the next few trades are losses they look for excuses, and blame the broker. What they don't realize is that costs are relatively much higher (e.g. if you're trading 10 pip moves, a 4 pip spread is a -40% edge against you on every trade), and also that it takes years of practise to become an expert trader.

Having said all that, you can generally tell from reading the review, whether or not the reviewer knows what he's talking about.

Here's another good independent source:
http://www.topforexreview.com/brokers.htm

To better understand the different types of broker, and how they operate:
http://www.gracecheng.com/forex_trad...x_Brokers.html

Google something like "forex broker reviews" for more review sites.

Hope this is useful.

Best wishes
David

thanks alot David. im really appreciated your reply. currently im trading on Liteforex and fxmalay since these platforms has Malaysian IB( IM Malaysian). i think once the better is we put 1 little capital and once the profit reached the nice limit we withdraw... thats better idea till we open an account in such a big reliable platforms like dukascopy etc...