Newbie To Forex

mysteryfx

Recruit
Messages
1
Hi all,

Greetings.
I am very new to Forex and i am still gaining a lot of knowledge that it has become confusing now. Can someone guide me to a good broker in Africa so that i can start on this awesome industry.
 
Mysteryfx:
Why do you need a broker recommendation at this time?
Learn the basics of trading first. browse through the FPA school for a couple of weeks or months then and only then should you start focusing on brokers
 
Mysteryfx:
Why do you need a broker recommendation at this time?
Learn the basics of trading first. browse through the FPA school for a couple of weeks or months then and only then should you start focusing on brokers

Agree with GOR here. First things first
 
why dont you open demo accounts with multiple brokers and check their dealings with you if it is good with you then go with that broker....
 
why dont you open demo accounts with multiple brokers and check their dealings with you if it is good with you then go with that broker....

First check the broker's reputation and regulation. There are far too many cases of demos turning out to be vastly different from live accounts.
 
Psychology Or Chart View Different ?

Psychology will be different with every broker, but I'm talking execution and even pricing in some cases. If you want to remove psychology, run an EA on live and demo. Sure, a live account should have slightly higher slippage and requotes (much higher around news time), but there are brokers out there which will consistently give much worse fills on a live account.
 
Psychology will be different with every broker, but I'm talking execution and even pricing in some cases. If you want to remove psychology, run an EA on live and demo. Sure, a live account should have slightly higher slippage and requotes (much higher around news time), but there are brokers out there which will consistently give much worse fills on a live account.

Agree Pharaoh ..
But I Prefer Run My Live Account Manual Than For Use EA .. :p
 
That's fine. It just leaves you vulnerable to claims that any perceived difference in demo vs live performance in execution is purely due to psychological reasons.
 
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