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I think the second absolute requirement any trader should have is "A broker that accepts traders from my country." Number 1 would be "A broker that does not steal from clients. This is not just a problem for our friends in Nigeria. There are brokers that don't accept accounts from the USA. There are brokers that don't accept accounts from Canada.
You don't have to filter the list of brokers in the same order as your absolute requirements. Pick whichever requirement will eliminate the most brokers and use that to reduce the total number of brokerages you have to look at first. Doing it this way will save you a lot of work.
For you, your list would look like this:
Absolute requirements:
1. Broker that does not steal from clients.
2. Accepts accounts from my country.
3. Uses MetaTrader.
4.
etc.
Secondary requirements:
1.
2.
3.
etc.
Once you have your requirements, using my method will still take some work. I spent about a week before finally picking a broker. I'm now considering opening accounts with a couple of other brokers to do side-by-side comparisons of live accounts.
I decided a few weeks ago I wanted do some day trading with eminis, futures and wa also interested the forex which i had been hearing a lot of. I contacted hindsight trading which was on satellite radio. They recommended i go into debt to pay for their course and then trade my way up to pay off that debt....yeah, right,,ok?! I then came accross todd mitchell course and tried to find some dirt on him to see if it was real or not. so far nothing. But that is how I came across this forum is by searching for his name on google. If anyone has feedback on his course i would love to hear it.
Anyhow, I just wanted to say that the few threads I have read here have all been enormously helpful and it is so appreciated to get closer to the truth about trading on forex or any trading. I look forward to studying alot here and cant wait till i can make that first trade with confidence.
I realy need help -
06-23-2008, 01:15 PM
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