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Best Broker for a Newbie
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Member Since Mar 10, 2010 4 posts
SpotEuro, LLC (spoteuro)
Aug 06 2012 at 22:03
MFG/PFG ... yea too bad about our regulators - not much help, are they?! Though some regulation is better than nothing. Aside from misusing our deposits, at least you won't have to worry about them disappearing without a trace!
Stay Smart. Make Money. |
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Member Since Jan 14, 2010 554 posts
James_Bond
Aug 07 2012 at 07:56
I wonder if a broker gets away with some illegal activity while being regulated - can the regulation body be accounted for all of the losses of their clients?
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Member Since Jul 03, 2012 186 posts
TheLastBear
Aug 07 2012 at 13:36
Regulators bare no responsibilities for clients losses due to anything.
Pax puts the X in Forex. |
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Member Since Jun 29, 2012 7 posts
ProFXTrader.net (kevinduk1)
Aug 09 2012 at 09:24
For a new trader, you are best getting CENT accounts.
instaForex ; TradeFort ; ProfiForex ; FXOpen Micro - all have low deposits but x100 the balance in MT4. Example - you send $100 to them, they put $10,000 showing in MT4, so you can use EA's and big lots but only risk $100. Increase leverage to 400:1/800:1/1000:1 and robots do well at profiting. When you ready move up to FinFX ECN accounts etc. or DukasCopy You are gonna die of something, enjoy things while you are here. |
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Member Since Jun 23, 2012 55 posts
skyjack777
Aug 11 2012 at 05:16
kevinduk1 posted: For a new trader, you are best getting CENT accounts. instaForex ; TradeFort ; ProfiForex ; FXOpen Micro - all have low deposits but x100 the balance in MT4. Example - you send $100 to them, they put $10,000 showing in MT4, so you can use EA's and big lots but only risk $100. Increase leverage to 400:1/800:1/1000:1 and robots do well at profiting. When you ready move up to FinFX ECN accounts etc. or DukasCopy I agree, and for a newbie like me I think it's the only chance of getting ahead. I'm currently using Forex Ultra Scalper and Forex Turbo Scalper on the one screen across a Eleven pairs. It's interesting to see one robot out perform the other one. I also look at the MA 6 and 3 as well as the bollinger bands. Keeping in mind I've only been trying to take it all in for 5 minutes, I find that for now this is my limit. I'll still stay with a demo account for a while, until I get some common sense with it all. LOL |
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Member Since Aug 11, 2012 6 posts
guru
Aug 12 2012 at 06:07
I use XForex. I find it easy to use with fairly good analytical tools. And it's free!
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