Good broker is needed

We the traders have to choose the broker which does not restrict any kinds of trading techniques with scalping and hedging and always ensures best trading environment for using any kinds of trading techniques by providing lowest trading spreads as well as minimum margin requirements.

Yes, I agree with you. Without a good broker, you can not make money from this market. A broker is the basic element to trade in the forex market.

There are a lot of brokers that you can choose from but make sure they don’t charge a lot. Forex.com, Oanda, IC markets, Pepperstone have low commissions and good service.

A good and reliable broker can be really a boost for your trade, and a trading platform like MT4 is again a decent platform. There are a lot of brokers like Pepperstone, IG, XTB, IC markets and others that you can use for trading.

It is important for any trader to find a broker that doesn’t restrict him from applying his trading techniques.

You can go through a variety of brokers from IQ option and Pepperstone to IG and Fxview. They are all good brokers that provide decent platforms for trading forex. Even their transaction cost is low so that is a real perk.

Always check the broker’s reviews so that you don’t end up choosing the one that doesn’t fit.

Mitchelmarss posted:
Always check the broker’s reviews so that you don’t end up choosing the one that doesn’t fit.

That’s true. I recommend to use broker’s demo account to test their trading condition and services.

There are many good forex brokers and I shortlisted it to FP Markets and ICM based on reviews and rating from web research, FP Markets and ICM seem to have similar spreads starting from low as 0.0pips.

I chose to trade with FP Markets because their trading condition was better when compared to other similar ECN brokers and the customer support compared between the two, FP Markets were quick in responding whereas ICM just dint seem to care much.

Dwane47 posted:
There are many good forex brokers and I shortlisted it to FP Markets and ICM based on reviews and rating from web research, FP Markets and ICM seem to have similar spreads starting from low as 0.0pips.

I chose to trade with FP Markets because their trading condition was better when compared to other similar ECN brokers and the customer support compared between the two, FP Markets were quick in responding whereas ICM just dint seem to care much.

Self-research can only be a very effective way to find the best broker.

Before choosing a broker its more appropriate to trade with a small account to see the real performance of any broker.

Finding a broker is never an easy task. There are so many brokers these days and you’ll find people who are having a mix of positive and negative experiences with these brokers. It’s better that you personally use their demo account or a micro account before making any decision.

Choosing a broker is important for the successful trader, I think there is no successful trader without get supporting from a broker, it included trading condition, quality trading server, fast speed trading execution, good customer support, and if the trader already found the criteria of broker, usually will comfortable to use, I am already found the right broker

Akasuki posted:
Before choosing a broker its more appropriate to trade with a small account to see the real performance of any broker.

Of course, trading requires the help of a broker. I work with good brokers but sometimes I lose again due to lack of discipline.

UweMoench posted:
Finding a broker is never an easy task. There are so many brokers these days and you’ll find people who are having a mix of positive and negative experiences with these brokers. It’s better that you personally use their demo account or a micro account before making any decision.

I agree with you, to check the reliability of a broker, it is beneficial if one will try their demo accounts first, when I started trading with fxview, I used their demo account for months before going live.

Iagree with the statement mentioned in the thread however I think that it is not accurate to say whether a broker is good or bad. I mean that surely we can divide brokers into wto categories and some of them will be honest and decent while the others are total scammers. It goes without saying that you shouldn't trust your money to some suspicious organizations which will take your money and never return it to you back. Decent brokers are usually regulated by some third-party organisations. However, not all of the brokers are suitable for you. You should pay huge attention to the trading conditions which a broker can offer and not all of them are acceptable. I mean that some brokers targey short-term traders, others prohibit scalpers, some of the brokers have the opportunities to offer the traders to use EAs while others don't. SO, these details are of great importance for a trader to bear in mind.

Whatever brokers tell us about the benefits they offer, it is our trading ability to profit, not the type of broker we uses.

A good broker is one who always ensures their clients' deposits with a diverse range of trading advancements. Furthermore, any good broker would not restrict any trading strategies such as scalping and support. They provide the greatest trading conditions for employing any trading framework by offering low trading spreads.

I don't think the narrative of it being hard to find a decent broker is accurate personally. So many reviews and lots of information online now that you can get a good idea if a broker is good or not.