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Is it wise getting a forex broker?

Discussion in 'General Forex Talk' started by shaunna75, Feb 6, 2011.

  1. shaunna75

    shaunna75 Private

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    When you are just starting in this kind of investment then it is wise to get a Forex broker because they provide traders with a trading platform or dealing station that allow them to buy and sell foreign currencies. They will also allow traders to use a practice demo account so that they can get a good understanding of what trading is all about. In choosing a broker, make sure that the broker has good reputation and someone you can trust because you would be working with them all the time.
     
  2. f-man

    f-man 4Xangels Representative

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    A retail trader has no other option to trade Forex than with a broker. You need the leverage, the low spread, the platform etc.
    If you have a few hundred thousand dollars on the other hand, you could deal directly with a bank.
     
  3. RahmanSL

    RahmanSL Major

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    "A retail trader has no other option to trade Forex than with a broker. You need the leverage, the low spread, the platform etc...."

    Sounds like you are describing my woman!

    Can't live without her, and can't do without her!
     
  4. forextofx

    forextofx Recruit

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    get a broker, but an honest one. I just read about cheating broker.. shame on them!
     

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