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Wanna be profitable? Start by choosing the right broker
Oct 19, 2010 at 13:17
1,211 Views
4 Replies
Oct 19, 2010 at 13:17
(edited Oct 19, 2010 at 13:17)
The info shown suggests that the broker of choice could influence the chances of being profitable in forex. Except for the great O, are all other brokers unfair with their customers? Welll, perhaps the results are not statistically significant. 😱
http://forexmagnates.com/us-forex-brokers-account-profitability-comparison/
Who does give credit to this data?
http://forexmagnates.com/us-forex-brokers-account-profitability-comparison/
Who does give credit to this data?
exquisite entries with calculated exits
forex_trader_7
Member Since Aug 01, 2009
895 posts
Oct 19, 2010 at 16:09
(edited Oct 19, 2010 at 16:10)
I think O does so well as they attract a more professional trader.
That API fee keeps the riff-raff out. So you only go do it when you're sure you got a system. And the barrier to entry in terms of cost of program development is much higher. So generally the people who are successful already will go to O for all the other benefits, faster executions, good client service, reputation and so on...
What is amazing, is were looking at less than 100 000 fx traders globally, even less than I thought. Very small pool.
That API fee keeps the riff-raff out. So you only go do it when you're sure you got a system. And the barrier to entry in terms of cost of program development is much higher. So generally the people who are successful already will go to O for all the other benefits, faster executions, good client service, reputation and so on...
What is amazing, is were looking at less than 100 000 fx traders globally, even less than I thought. Very small pool.
Member Since Oct 19, 2009
22 posts
Nov 16, 2010 at 23:46
I've tried FXCM, InterbanKFX, Alpari and remember the ill fated REFCO? OANDA seems to always win out above them all. The tight spreads make an enormous difference especially when you're trading a lot of exotics like I usually do. Besides the fact that most brokers don't even offer the currency pairs I trade.
Get up, dust yourself off.. and ride!
Member Since Nov 09, 2010
60 posts
Nov 19, 2010 at 09:08
Sure, nice broker plus good trader is a way to success
Slow But Steady
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