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Best Broker for a Newbie
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James_Bond

Biedrs kopš Jan 14, 2010  554 ieraksti James_Bond Jul 23 2012 at 14:12

TheLastBear posted:

Bankroll? Trading is not gambling...


It's not too far in between... wink


stevewalker

Biedrs kopš Jun 06, 2012  1360 ieraksti stevewalker (stevewalker) Jul 23 2012 at 22:04
it is a type of gambling which way you trade.
technical,
grid
martingale
.............


James_Bond posted:

TheLastBear posted:

Bankroll? Trading is not gambling...


It's not too far in between... wink



Trade the Trend, Defend to Price!
TheLastBear

Biedrs kopš Jul 03, 2012  186 ieraksti TheLastBear Jul 24 2012 at 09:39
I assume that you are not the most successful trader with that point of view. We can agree to disagree, but to me it is far from gambling.

Pax puts the X in Forex.
James_Bond

Biedrs kopš Jan 14, 2010  554 ieraksti James_Bond Jul 25 2012 at 10:57

TheLastBear posted:
I assume that you are not the most successful trader with that point of view. We can agree to disagree, but to me it is far from gambling.


I don't think it's related. There are professional gamblers who make good money. Gambling isn't necessarily a bad word.
In my point of view, when you gamble, you have a 50:50 chance to win, which is the same as with trading, until you find your edge.

TheLastBear

Biedrs kopš Jul 03, 2012  186 ieraksti TheLastBear Jul 26 2012 at 08:45

James_Bond posted:

TheLastBear posted:
I assume that you are not the most successful trader with that point of view. We can agree to disagree, but to me it is far from gambling.


I don't think it's related. There are professional gamblers who make good money. Gambling isn't necessarily a bad word.
In my point of view, when you gamble, you have a 50:50 chance to win, which is the same as with trading, until you find your edge.


If you trade with a 50-50 success rate you are doing something wrong and in that case you gamble. Trading has nothing to do with gambling. As I said, we can agree to disagree here :)

Pax puts the X in Forex.
Chikot

Biedrs kopš Jan 14, 2010  2186 ieraksti Chikot Jul 26 2012 at 10:08

TheLastBear posted:

Chikot posted:
Oanda is the best. New trader can trade a little bit while learning without losing bankroll if any.
Oanda has unit based structure which allows to trade even $20 as if it is $100 K


Bankroll? Trading is not gambling...


it is.

Chikot

Biedrs kopš Jan 14, 2010  2186 ieraksti Chikot Jul 26 2012 at 10:10
whatever view you hold you are still gambling on your view. It is just that you are amking educational gamble according to some method. There is pro gamblers who play black jack for a living too.

TheLastBear

Biedrs kopš Jul 03, 2012  186 ieraksti TheLastBear Jul 28 2012 at 11:31
Well, we can agree to disagree on that topic.

Pax puts the X in Forex.
spoteuro

Biedrs kopš Mar 10, 2010  4 ieraksti SpotEuro, LLC (spoteuro) Jul 30 2012 at 17:54
Looks like a lot of good choices have been listed here...

Just to throw our two cents, I'd look up the brokers in the US, then look up the CFTC info to find ones with good excelss net capital

(http://www.cftc.gov/MarketReports/FinancialDataforFCMs/index.htm

Stay Smart. Make Money.
James_Bond

Biedrs kopš Jan 14, 2010  554 ieraksti James_Bond Aug 01 2012 at 08:54
I think Oanda operates only in US and Canada, however you can just go with the US branch. I think they have the best reputation out there and is definitely an excellent broker to start (and stay smiley) with.

Not sure if the the CFTC list is of any good - there were brokers listed there which still went belly up, although it does give some kind of reassurance that your money is in a safe place.

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