Hello FPAers,
I'm a new member and would like to introduce myself.
I've been actively trading equities and options on equities for several years. I got tired of trying to keep track of thousands of stocks so I switched to ETFs almost exclusively - and now there are thousands of those (at least it seems like it). I've been looking into Forex - and its small number of tradeable pairs, liquidity, trading hours, and other features appeal to me. I would describe myself as a longer-term (carry, trend, swing) trader.
HOWEVER... selecting a Forex dealer is scaring the bejeebers out of me. I've read the reviews here and on other sites and it seems the most highly rated dealers have very few reviews (mother, cousins, bookie?) and the ones with many reviews have a lower rating and several horror stories. I've read Pharaoh's post on choosing a dealer and, while very helpful, it didn't quite get me to the warm-fuzzy point. My current broker offers Forex trading, but they use a low-rated dealer as a clearing broker and their Forex platform is uh, er, less than optimal.
But, since "faint heart never won fair lady", I recently opened a demo account at one of the less objectionable dealers that offers the services I require and joined FPA for some hand-holding.
Thanks for "listening".
I'm a new member and would like to introduce myself.
I've been actively trading equities and options on equities for several years. I got tired of trying to keep track of thousands of stocks so I switched to ETFs almost exclusively - and now there are thousands of those (at least it seems like it). I've been looking into Forex - and its small number of tradeable pairs, liquidity, trading hours, and other features appeal to me. I would describe myself as a longer-term (carry, trend, swing) trader.
HOWEVER... selecting a Forex dealer is scaring the bejeebers out of me. I've read the reviews here and on other sites and it seems the most highly rated dealers have very few reviews (mother, cousins, bookie?) and the ones with many reviews have a lower rating and several horror stories. I've read Pharaoh's post on choosing a dealer and, while very helpful, it didn't quite get me to the warm-fuzzy point. My current broker offers Forex trading, but they use a low-rated dealer as a clearing broker and their Forex platform is uh, er, less than optimal.
But, since "faint heart never won fair lady", I recently opened a demo account at one of the less objectionable dealers that offers the services I require and joined FPA for some hand-holding.
Thanks for "listening".