Pharaoh
Brigadier General
- Messages
- 20,308
I've been paper trading for over 2 months now. I did well at first, then crashed and burned. Since the big drawdown, I decided to trade like I only had 1/2 of my available amount for investing. Subsequently, I've VERY slowly been clawing my way back towards being profitable. I had a specific goal in mind (matching my best week's performance while trading like I had 1/2 as much money) before considering myself ready. This week, I met the goal.
I already have an account funded with EFX, but want more time to play with their new software before pushing any buttons that can make money appear (and disappear) very quickly. Since I am much more familiar with MetaTrader, I wanted to start with a broker that used it. I also wanted the ability to trade microlots. I also wanted a US based brokerage (makes it much easier for me to hunt them down if something goes terribly wrong, plus I like them to be under some form of US regulation - for what little good that might do).
After much research, the best (or, perhaps, least bad) broker I could find that met my requirements turned out to be Interbank FX. Please note that I am not endorsing them, but am going to try them out. I do promise to share how good or bad of an idea this turns out to be. As it is, I only plan to risk a few hundred dollars, and will be testing the ability to withdraw money shortly after getting the account fully set up and funded.
I already have an account funded with EFX, but want more time to play with their new software before pushing any buttons that can make money appear (and disappear) very quickly. Since I am much more familiar with MetaTrader, I wanted to start with a broker that used it. I also wanted the ability to trade microlots. I also wanted a US based brokerage (makes it much easier for me to hunt them down if something goes terribly wrong, plus I like them to be under some form of US regulation - for what little good that might do).
After much research, the best (or, perhaps, least bad) broker I could find that met my requirements turned out to be Interbank FX. Please note that I am not endorsing them, but am going to try them out. I do promise to share how good or bad of an idea this turns out to be. As it is, I only plan to risk a few hundred dollars, and will be testing the ability to withdraw money shortly after getting the account fully set up and funded.