Best Broker for a Newbie

Jun 30, 2012 at 03:35
15,569 Views
327 Replies
Member Since Aug 11, 2017   886 posts
Oct 15, 2018 at 11:53
In Fx trading choosing a broker should in cool mind. Please don’t choose a broker in an emotional state because most of the brokers are found to be scams. And despite of good trading knowledge that’s not possible at all to make profit constancy without a reliable support form a reliable broker.
jnimc
forex_trader_404449
Member Since Feb 19, 2017   12 posts
Oct 15, 2018 at 12:57
it doesn't matter newbie or not - a well regulated true ECN broker with tight spreads and low commissions is the way to trade (FXOpen UK in Europe, ICMarkets etc)... For practice trading instead of a demo chose a broker with real nano-lot accounts = 1 unit min. trade (Oanda etc.)
Member Since Feb 22, 2011   4862 posts
Oct 16, 2018 at 06:08
jnimc posted:
it doesn't matter newbie or not - a well regulated true ECN broker with tight spreads and low commissions is the way to trade (FXOpen UK in Europe, ICMarkets etc)... For practice trading instead of a demo chose a broker with real nano-lot accounts = 1 unit min. trade (Oanda etc.)

Quite well said
Member Since Feb 12, 2016   427 posts
Oct 17, 2018 at 12:45
Choosing Broker is definitely more complicated for Newbie then for someone with experience. With the time you learn what you should look for and abbreviations like STP, DMA, NDD are understandable. My advice for all start up traders will be to look for exactly those criteria’s (STP – straight through processing; DMA – direct market access; NDD – no dealing desk) and choose broker that fulfil all of them and it is of course regulated.
Accept the loss as experience
Member Since Feb 22, 2011   4862 posts
Oct 17, 2018 at 13:56
TiffanyK posted:
Choosing Broker is definitely more complicated for Newbie then for someone with experience. With the time you learn what you should look for and abbreviations like STP, DMA, NDD are understandable. My advice for all start up traders will be to look for exactly those criteria’s (STP – straight through processing; DMA – direct market access; NDD – no dealing desk) and choose broker that fulfil all of them and it is of course regulated. [/Plus avoid any Russian broker
They do often steal your money or go bankrupt.
Member Since Aug 26, 2018   1 posts
Oct 19, 2018 at 05:36
I put my trades to 4 different broker, since they offer different spreads for different charts.
Member Since Nov 30, 2016   9 posts
Oct 19, 2018 at 09:20
I have been using Turnkey Forex lately and so far they have been excellent.

Here's a review of them:

https://groundfinance.com/turnkey-forex/

All the best to you in your trading!

Member Since Oct 08, 2018   10 posts
Oct 21, 2018 at 06:14
WeHu58 posted:
I put my trades to 4 different broker, since they offer different spreads for different charts.

I use multiple broker too. This is best way if you have large account. Not the best solution for a newbie though. I would just use one of the major brokers and use demo until for a while
Member Since Oct 09, 2018   41 posts
Oct 25, 2018 at 12:19
go with demo account first with every broker that has been suggested to you and then decide. everyone has their own preference and need.
Member Since Aug 11, 2017   886 posts
Nov 12, 2018 at 09:01
We the traders who are particularly scalpers have to choose the brokers which for all time make sure lowest trading spreads which is very supportive to make profit with certainly by using scalping policy that brings profit in a short time.
Member Since Nov 29, 2018   2 posts
Dec 04, 2018 at 10:50
What is scalping and how it works?
Member Since Nov 13, 2018   10 posts
Dec 05, 2018 at 11:34
Scalping is when you aim to profit from short term price movements. Usually taking only a handful of pips with any trade. But as a retail trader the spreads will usually eat all your profits so I wouldn't bother trying
Member Since Nov 22, 2017   23 posts
Dec 06, 2018 at 08:55
And I like scalping. I often use it in trading cause I don’t have many funds to lose. If you lose then a little bit. And if you earn then a lot. I'd prefer to earn more.
Member Since Aug 11, 2017   886 posts
Feb 11, 2019 at 10:07
It is very much difficult to recommend at any brokers, because there are almost thousands broker in online retail market and most of them are found to be scams. From all we can choose the broker which is regulated and make sure a wide range of trading technologies.
Member Since Aug 09, 2017   785 posts
Feb 11, 2019 at 11:05
if you want to find a right broker, you have to move Forex Pace Army where people share their own trading experience. And EarnForex and Babypips can be a great source to find a right broker nowadays.
Member Since Feb 10, 2019   54 posts
Feb 15, 2019 at 13:51
Scalping is a trading strategy geared toward attaining many profits on minor price changes.
Member Since Aug 11, 2017   886 posts
Feb 25, 2019 at 03:00
The best broker is a broker which for all time makes sure security of funds at any deposits with a wide range of trading technologies. And any best broker does not restrict any kinds of trading techniques with scalping and hedging.
Member Since Feb 25, 2019   10 posts
Feb 25, 2019 at 13:49
so many restrict scalping it is really unfair. Are there any broker that allow scalping. I think scalping must be really profitable and this is why they restrict us using it
Member Since Feb 08, 2019   21 posts
Feb 26, 2019 at 07:06
Choose a broker that is true ECN, tight spreads and regulated.
Member Since Dec 24, 2018   42 posts
Feb 26, 2019 at 08:47


Im not recommending, but i have seen fxpro scalping so good, that is mt4 instant of fxpro
Move along with the Market
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