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Best Broker for a Newbie

SpotEuro, LLC
spoteuro
Aug 06 2012 at 22:03
4 комментариев
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
Aug 07 2012 at 07:56
556 комментариев
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
Aug 07 2012 at 13:36
186 комментариев
Regulators bare no responsibilities for clients losses due to anything.

kevinduk1 (kevinduk1)
Aug 09 2012 at 09:24
7 комментариев
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
Aug 11 2012 at 05:16
55 комментариев

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
Aug 12 2012 at 06:07
6 комментариев
I use XForex. I find it easy to use with fairly good analytical tools. And it's free!

leopoldo (leopoldo)
Oct 27 2016 at 08:53
41 комментариев
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.

CliveCampbell (CliveCampbell)
Oct 27 2016 at 12:51
47 комментариев
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
Oct 27 2016 at 14:47
1 комментариев
jackell78 (jackell78)
Oct 27 2016 at 14:53
45 комментариев
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?

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