I recommend Ikon Royal. They have the best spreads out of any legitimate MT4 broker. NFA registered, fast execution without any delays or stop hunting. Fast withdrawal process and friendly helpful reps. They have Institutional pricing that comes pretty close to any ECN.
MT4 Brokers' Virtual Dealer Plug-In
- #303
- Jul 4, 2008 9:25pm Jul 4, 2008 9:25pm
- | Membership Revoked | Joined Mar 2005 | 4,703 Posts
If I Go Broke Trying Then I Will die happy.
- #308
- Edited 8:05pm Oct 9, 2008 7:23pm | Edited 8:05pm
"** As of January 15, 2008, the following forex brokers offering MetaTrader 4 are not regulated in the U.S. under the CFTC and NFA: FXOpen, Crown Forex, MIG Investments, FXcast, and North Finance. "
The above is what I found FROM some website.
So, does it mean the brokers who provide MT4 have to be under some special inspections?
Or MT4 is not under NFA's regulation yet? Oh... I suggest put metaquotes and those platform makers under NFA's regulation 2.
Also I found this on NFA website http://www.nfa.futures.org/news/news...ArticleID=1812. Take a look
THANKS.
The above is what I found FROM some website.
So, does it mean the brokers who provide MT4 have to be under some special inspections?
Or MT4 is not under NFA's regulation yet? Oh... I suggest put metaquotes and those platform makers under NFA's regulation 2.
Also I found this on NFA website http://www.nfa.futures.org/news/news...ArticleID=1812. Take a look
THANKS.
why do you trade forex or why are you on a forex forum?
The BIG LOSER will never think at all of these.He canīt be wrong.He is born a winner.
Trader121 ,for me all can be true , but be carefull that all these donīt make you have FEAR
when youīll take a trade.Itīs part of the game. - It's an expensive form of entertainment.
- In both fields you may win temporarily, but will definately lose on the long run.
- They keep up the illusion that you can win a lot of money
- Both destroyed many pepoles lives
- To win a very high amout of money, you also have to take a very high amount of risk
Of course EA's do not work, but that has nothing to do with the Virtual Dealer Plug-in.
It's because it is not possible to win money in forex market. Forex trading is very similar to a casino.
Following things they have in common:
- It's an expensive form of entertainment.
- In both fields you may win temporarily, but will definately lose on the long run.
- They keep up the illusion that you can win a lot of money
- Both destroyed many pepoles lives
- To win a very high amout of money, you also have to take a very high amount of risk
However there is one difference: the chances to win money in a casino are higher than to win money in the forex market, becuase in a casino you can hit a jackpot, which is not available in forex trading.
"To win a very high amout of money, you also have to take a very high amount of risk"
No, you need patience! If you think that you can open an account with 10,000 USD and be on your way to riches in no time, then you will be disappointed. Compounding is powerful, but it takes a while to digg yourself out of an underfunded hole with 10,000 USD. 50,000 USD should be the bare minimum.
This is and always be a rich man's market. I think fxtrader can attest to that.
And if you think that equities are less of a gamble, I'd like you to show me a single liquid currency pair that has ever gone out of business (without you knowing about it before hand).
But to be successful in this market, you have to eat, drink and breathe currencies. No setting and forgetting here.
- #319
- Oct 22, 2008 7:59am Oct 22, 2008 7:59am
I agree with FXterrapin that this is a market littered with people who lose, and very few people who win in the long term. I was fortunate enough to log a couple of years on an FX desk out of college and that was the best experience I could have possibly had. I am friends with many people who are so called "daytraders" as I myself now am, who have made a ton of money in this market. Low barriers of entry make the market an easy sell for someone looking to "play around" and trade a little bit. We are all retail clients, no if's or but's, whether we trade on "institutional platforms" or not, we are the retail client, and the majority of us will lose, no matter what product we trade. I might make money in currencies, but I lose in equities and I lose in a lot of commodities. To make a lot of money in this market you need patience and you need a plan. Having a 10,000 dollar account and banging away all day is a sure fire way to lose, now you might make 2k, but then you will think that you can make 5k, so you risk a little more and then you lose, and then you start doubling down etc etc. This is a great 24 hour market, and if done right with a little bit of luck, can be extremely profitable. Best of luck.
\"To win a very high amout of money, you also have to take a very high amount of risk\"
No, you need patience! If you think that you can open an account with 10,000 USD and be on your way to riches in no time, then you will be disappointed. Compounding is powerful, but it takes a while to digg yourself out of an underfunded hole with 10,000 USD. 50,000 USD should be the bare minimum.
This is and always be a rich man's market. I think fxtrader can attest to that.
And if you think that equities are less of a gamble, I'd like you to show me a single liquid currency pair that has ever gone out of business (without you knowing about it before hand).
But to be successful in this market, you have to eat, drink and breathe currencies. No setting and forgetting here.