Rating: Full Star Full Star Full Star Full Star Full Star
Best Broker for a Newbie
Previous 1 2 3 4 5 6 7 8 .. 23 Next
spoteuro

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!

James_Bond

Member Since Jan 14, 2010  556 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?

TheLastBear

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.
kevinduk1

Member Since Jun 29, 2012  7 posts Kevin (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.
skyjack777

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

guru

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!

leopoldo

Member Since Dec 17, 2015  41 posts Mario (leopoldo) Oct 27 2016 at 08:53
whatever broker you chose, don't forget to test it first and there are more things to consider still. what are the spread, commissions. there should be some good options out there.

Need for speed!
CliveCampbell

Member Since Oct 01, 2015  47 posts Clive (CliveCampbell) Oct 27 2016 at 12:51
I doubt someone can tell you the best broker for newbie, simply because different people choose different brokers for different purposes. For example one traders strategy may relay mainly on execution speed, thus will be priority for him to check brokers with good execution speed. If you however do not have strategy still, I advice you to find brokers with Demo trading account, where you can practice to build your strategy.

themba43

Member Since Oct 27, 2016  1 posts themba43 Oct 27 2016 at 14:47
When to enter a trade guys?

jackell78

Member Since Nov 03, 2015  45 posts Jack (jackell78) Oct 27 2016 at 14:53
guru posted:
I use XForex. I find it easy to use with fairly good analytical tools. And it's free!


hi guru,
how long are you trading with XForex? Do they have MT4 or another platform?

Previous 1 2 3 4 5 6 7 8 .. 23 Next
Commonwealth Bank Manufacturing PMI (18h 41min)
Crude Oil Weekly Technical Outlook: Pric...(17 min ago)
EURUSD 1.1019 GBPUSD 1.24675
USDJPY 107.551 USDCAD 1.32646

Tools

Community

Reviews

Brokers

Platform

Support


Twitter |  Facebook |  Site Map  |  Terms  |   Privacy Policy
©2019 Myfxbook Ltd. All Rights Reserved.
HIGH RISK WARNING: Foreign exchange trading carries a high level of risk that may not be suitable for all investors. Leverage creates additional risk and loss exposure. Before you decide to trade foreign exchange, carefully consider your investment objectives, experience level, and risk tolerance. You could lose some or all of your initial investment; do not invest money that you cannot afford to lose. Educate yourself on the risks associated with foreign exchange trading, and seek advice from an independent financial or tax advisor if you have any questions. Any data and information is provided 'as is' solely for informational purposes, and is not intended for trading purposes or advice. Past performance is not indicative of future results.