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Find a good broker

Discussion in 'Forex Company Comparisons' started by Ros Fragrance, Jan 10, 2010.

  1. Ros Fragrance

    Ros Fragrance Private

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    Hi...

    I am newbie who want to find the best of the best broker for me to make a trading is my fulltime business.

    Thank you.;)
     
    #1 Ros Fragrance, Jan 10, 2010
    Last edited: Jan 15, 2010
  2. Ros Fragrance

    Ros Fragrance Private

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    Please reply me a.s.a.p so that I can choose the prefered broker.
     
  3. cowmadagan

    cowmadagan Sergeant

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    I'm replying to you first to tell you that you won't get an answer to that question as you've put it by any of the seniors on this site.
    First, you should go through the broker rating section.
    Second, to get even the odd volunteer to say anything you have to say what kind of charts you go off of.
    Third, this is why I'm so certain.
    http://www.forexpeacearmy.com/forex-forum/forex-basics-boot-camp/2333-how-select-forex-broker.html

    I totally totally totally recommend reading a lot more before you get into trading full time.
     
  4. Ros Fragrance

    Ros Fragrance Private

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    Thank you!

    Hello Sir,

    Thanks for replying me and also for the link that I could understand more about brokers, it is for a better choice before go for investment in this business.

    Have a nice day... :D
     
  5. Ros Fragrance

    Ros Fragrance Private

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    Thank you very much...
     
  6. Stony

    Stony Sergeant

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    Another suggestion: when you go through the broker rating section, consider only brokers with more than 15-20 reviews. 5 or 10 reviews are not enough to be reasonably representative.
     
  7. ernest8fingers

    ernest8fingers Master Sergeant

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    Dont we all? Unfortunately Cowmadagan is right-All us "senior" members could offer is what broker to avoid at all costs(the ones labeled SCAM) .Be patient-investigate thoroughly any Broker you consider(google) and start small(minimum deposit) and test their entire trading environment(including withdrawals even if you have to withdrawal a portion of original deposit) Enthusiasm and Forex are a dangerous combination for a beginner(we have ALL been there). I always withdrawal ALL realized profit from trading accounts ASAP(usually weekly). Until that profit is safely deposited into your bank account-its not REALIZED! Spend a good weekend surfing this site to better answer your original question.:)
     
  8. Bowmaker

    Bowmaker Private, 1st Class

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    I would also suggest you delve more deeply into the wealth of information available on FPA, not just broker related. If you are new you not only need a good broker but you must read,read read. Know all the pitfalls and arm yourself with knowledge before you put cent into a live account
     
  9. Ludvik Cizinsky

    Ludvik Cizinsky Private

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    Advising Ross

    Trading forex full time with limited experience is an especially deadly combination! Any broker would would love to have your account! Before you even start you should know that your chances to succeed (making profit and living from forex) are only about 5%! That's substantially less that if you gamble your money on the black or red at a roulette table. There your chances are 50-50; disregarding "0" which is US casinos invention.

    Forget about "best of the best brokers"! They've been extinct a long time... In your situation, I would open a managed account with an experienced and reputable service. You can find them in the FPA folder (not too many there, really). Read the reviews very carefully! Choose only service which is rated by at least 15 subscribers with 5 stars. You don't want service with even one negative review!

    That may be the best way for you to get your feet wet in forex. First let somebody else do the dirty work for you while you're learning the tricks of the trade and deciding if this is really the type of investment you want to be involved with and earn living.

    Good luck with whatever you decide!
     
  10. ernest8fingers

    ernest8fingers Master Sergeant

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    FXCM MICRO Account

    I fully recommend FXCM's Micro Account for Beginner/LowInvestment traders. I just finished a 90+ day test drive(live account) and I think very highly of it's performance. Quite a change from my past experiences. PM me for details if you are serious.:)
     

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