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A perfect broker

  • #61
  • May 22, 2012 7:50am May 22, 2012 7:50am
Quoting QuadrupleX
A agree that a non scalping approach would give you some advantage against the broker.

My point is that the broker compete with you. They are not your friend or after your best interest as they try to sell in their advertisement.

In my opinion your list has one of the 10 worst brokers one can find. Threw MBeta in there and the 11 worst list will be complete.
Why are you even bottering to trade if you have a mindset that consist of brokers that are out there to get you.. I've seen youtube movies ( yes, don't ask me how I stumbled upon them ) that say traders must view brokers as sharks that will deffinetly rip you apart when they get the chance.

The F!? How is someone able to trade with that mindset? You tell me.
  • #62
  • May 22, 2012 7:56am May 22, 2012 7:56am
Quoting SEDI
still reading.why dont anyone list the best broker?
Well, because listing the "best" broker is like listing the best way to trade along with the best trade to take and the best way to exit.

And it's not because everyone is keeping their Amazing Strategy to themselves.... it's because the question can not be answered. There are different reasons to every different trader. -- I already have the best broker... "for me".
  • #63
  • May 22, 2012 8:14am May 22, 2012 8:14am
Quoting Robertk
Why are you even bottering to trade if you have a mindset that consist of brokers that are out there to get you.. I've seen youtube movies ( yes, don't ask me how I stumbled upon them ) that say traders must view brokers as sharks that will deffinetly rip you apart when they get the chance.

The F!? How is someone able to trade with that mindset? You tell me.
Ok I can see that you just jumped in without any background. You are talking about what you don't know.

I explained my experience with oanda before. Oanda was my first broker when i started trading in 2007. while I was losing money and breaking even for around 3 years I had no complains against them. They had some disconnections here and there but nothing major.

After I started making some decent money in a consistent manner the platform got pretty much untradable. Their spread displayed was worthless because every order i put in would come with 2 or 3 pip sllipage, etc etc.

Than I changed my strategy to get bigger moves so those issues would not interfere with my gains and the next thing i got was my check and my account closed.

My point is that bucket shops advertise themselves as your partner but the truth is that they are competing against you and will screw you as soon as and as much as they can.

Thats why i found the video above very instructive despite being funny.

If your broker works for you fine. I found some brokers that so far are being fair.
  • #64
  • May 22, 2012 9:48am May 22, 2012 9:48am
how big is your position that you are afraid that broker against you ..... in forex market is your position still under 100 Millions (1000 lots) then it has no influence on the market movement ....

More important for choosing broker is you can withdrawal your money easily.

What should you do in the forex business according to your broker:

1. Do withdrawal your gain regularly from your broker

I do 1-3 months withdrawal interval, so you can keep your money safety if something happen with your broker then you still have money in the bank.

2. Do have a several broker to split your risk

i think enough to say ... as long as you are just small trader with position under 500 lots and not scalper .... then my above broker list is ok ... easy to withdrawal the money ...

the broker compete against you ....
still losing with this broker ...

are nonsense .... if you are still loser in this game then dont say it is because of the broker but its because of you ....
  • #65
  • Last Post: May 22, 2012 10:07am May 22, 2012 10:07am
Quoting QuadrupleX
Ok I can see that you just jumped in without any background. You are talking about what you don't know.

I explained my experience with oanda before. Oanda was my first broker when i started trading in 2007. while I was losing money and breaking even for around 3 years I had no complains against them. They had some disconnections here and there but nothing major.

After I started making some decent money in a consistent manner the platform got pretty much untradable. Their spread displayed was worthless because every order i put in would come with...
It doesn´t have to do with any background information. You clearly stated over and over again that brokers in general cannot be trusted at all.
Even if that is your own personal experience, does it really help anyone?
So far for achieving the right mindset right?
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