i've decided to get going, enough learning about the trade..(forex), i have to start "making money" i would love to get recommandations of forex sites that are easy to use, and are able and willing to allow demo accounts, and later on, hopefully, accounts that able low starting rates. i've not yet found a site that suits me... for begginers (as myself) that are reading my post please be in touch and give me a tip or two, from a begginers point of view! thanks...i'll appreciate it! frxer
Ignored
Have you chosen some points as to what the Broker shall offer?
Examples are:
Regulation. Spreads.
Commissions.
Deposit/Withdrawl Speed
User experience
Negative Balance protection.
Some points were mentioned by the previous posts in this thread.
Hi, well I'm new to this forum, but have been trading the hard way and have lost quite some money, even Alpari Uk when they went bust almost had my money stuck in their system. I had another broker(don't know if name can be mention here) rescue my account which I'm grateful. I have been adviced not to take any bonus given by a broker, don't know how true that is though.
Hi, well I'm new to this forum, but have been trading the hard way and have lost quite some money, even Alpari Uk when they went bust almost had my money stuck in their system. I had another broker(don't know if name can be mention here) rescue my account which I'm grateful. I have been adviced not to take any bonus given by a broker, don't know how true that is though.
Ignored
SeneFx.. Dont take any Bonus. Period.
It concerns me that you should be negotiating/trading with a broker that offers one.
PM me if skeptical of my advice. Happy to mentor.. but not in public.
broker for the newbie is important, for that we need to be careful in choosing a broker. because many brokers are scam. we must first examine the broker that we will use for trading and therefore we will get the right broker
broker for the newbie is important, for that we need to be careful in choosing a broker. because many brokers are scam. we must first examine the broker that we will use for trading and therefore we will get the right broker
Ignored
Finding a broker without any negative reviews isn't easy. Someone could just post their opinion, it doesn't matter whether they have used the broker or not......Could you suggest me any reliable site for my research?
for that, we need to test the first broker to be used for trading, so we'll really know the quality of a broker with a good for trading with maximal. By examining the broker, we will know trading conditions, the speed of server, the speed of deposit and withdrawal
|
Additional Username
|
Joined Apr 2016
|411 Posts
I guess choosing a decent broker these days might be challenging. I suggest newbie should make a quick search of reputed brokers, short list them in terms of spread, leverage, platform, commission etc and open demo accounts with them. Start trading demo with them for sometime and after that they will be able to compare these brokers in terms of their services and features. At this moment, they can easily evaluate which broker is right for them. Also try to start with small amounts to check the selected broker internal processes and withdrawals etc. Good Luck!
Following on from @jollypk...In the early days choosing a broker was a little confusing with the amount of choice and having a nice website doesn't always mean they will have your interests in mind. As well as spreads under normal trading conditions (and out of hours), commissions and swaps getting a better deal can mean a lot. Broker regulatory permissions is all key...
Demo, Demo, Demo is the key to start, but whilst you embark on a massive learning curve...and I feel the type of trading platform offered is also a key factor...Now I have nothing against MT4, but for me personally it is a little clunky. I used it in the early days and as you become more experienced I guess for some it does the job...about 9 months ago I change to a new broker and saw they offered cTrader. What's this?
I must say I love it...It's not clunky
The recent updates made are easy to use and user friendly, very visual and has the customised factor.
Here's why I like it...
Fast trade execution...in trade modification and advanced trade settings (SL to break-even, etc) Click and drag SL/TP levels...EASY!!!
Chart templates...cool for jumping from pair to pair, etc
Less confusion in selecting the correct order type
Quick trade sets automatic SL and TP levels when market orders are placed
Recently, Trading Central's technical analysis has been integrated into cTrader via the broker that I use, but I am not too sure whether this will apply to all brokers (check it out as it is an excellent benefit).
If you have any queries please do not hesitate to DM me.
Hello,
I've scoured the web for anything negative on FXChoice, have found nothing. Just recently oped a demo account. At this point I can say they are very responsive to all my newbie questions via chat.
I guess the question I have, is, does the quality of support/executions typically change once you move to live trading from a demo account?
- Dhiyo
Hello, I've scoured the web for anything negative on FXChoice, have found nothing. Just recently oped a demo account. At this point I can say they are very responsive to all my newbie questions via chat. I guess the question I have, is, does the quality of support/executions typically change once you move to live trading from a demo account? - Dhiyo
Ignored
FxChoice?How long have they been in business?Do you know if they are registered with the necessary regulatory bodies?
Following on from @jollypk...In the early days choosing a broker was a little confusing with the amount of choice and having a nice website doesn't always mean they will have your interests in mind. As well as spreads under normal trading conditions (and out of hours), commissions and swaps getting a better deal can mean a lot. Broker regulatory permissions is all key... Demo, Demo, Demo is the key to start, but whilst you embark on a massive learning curve...and I feel the type of trading platform offered is also a key factor...Now I have nothing...
Ignored
Hey, great input thanks. I have a question about Trading Central analysis, I was thinking to use this feature at Hotforex (seems it integrates it in MT4) but I want to know was it useful for you? Does they provide technical stuff or some fundamental views?
Thanks.
for newbie broker is a broker that provides a very convenient trading conditions. Such as providing substantial leverage, spreads small and can provide free capital. Broker affordable minimum deposit is very good for newbie
|
Additional Username
|
Joined Mar 2017
|304 Posts
The newcomers should choose their broker in cool mind, please don’t choose a broker at all in an emotional state, because the broker can affect the result of our trading with certainly. We the newcomers should choose the broker which is more appropriate to the concept of trading that will be used; if we love scalping obviously should choose the broker that allows trading concept such as this.
We the newcomers can choose the broker which always make certain security of funds at any investments , superior execution for trading comfortably , lowest trading spreads for using any trading techniques freely , low transaction cost , easy withdrawal system without long time process and much more that are really supportive to lead a comfortable trading life with certainly.
I seem, education friendly Forex brokers would be useful for novice traders! In other words, novice traders should consider a fresh demo trading environment, they need to start their demo with a small demo account; so select flexible brokers who are active on those issues! But, don’t believe non-regulated Forex broker for your live trading! Whatever, I used multiple demo accounts in my learning session!
|
Additional Username
|
Joined Mar 2017
|209 Posts
Its hard to make sure the good broker as a newcomer but if we would make some research then we would be able to find out. But I think it is very important to join different brokers and observe like how to deposit and withdraw the money and what is the spreads and what is the kinds of account allowed.
Just open several demo accounts and test your strategy with many of them.
