Best Broker for a Newbie

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.

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.)

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

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.

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.

I put my trades to 4 different broker, since they offer different spreads for different charts.

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!

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

go with demo account first with every broker that has been suggested to you and then decide. everyone has their own preference and need.

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.

What is scalping and how it works?

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

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.

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.

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.

Scalping is a trading strategy geared toward attaining many profits on minor price changes.

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.

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

Choose a broker that is true ECN, tight spreads and regulated.