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Stuck in the USA and looking for a broker (Need Scalping and Hedging) And your help

Discussion in 'Forex Company Comparisons' started by MrGone, Apr 12, 2010.

  1. MrGone

    MrGone Recruit

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    Its scary stuff when you start looking at broker reviews. Its hard not to feel like the deck is stacked against you. I am still really new to FX. But I got hooked up with a good single service rite off the bat. And I made good steady % for a six months. But being new I was not using much money. I was trading a micro account and just worrying about covering my fee's.

    And I am now looking to start with $5000-10000. But what worries is that it if it takes the same course it will start to add up fast. And I will not be able to get my money when I want it. From reading the reviews it seems like anytime someone starts to do well. The spreads start to move or there is a few second delay on there orders.

    There may be a much bigger picture then what I am seeing. Maybe the 5 guys pissed off in a forum only make up a small % of a large group of happy people trading. I am really not sure. This is why I am asking.

    And about not being able to get my money. I know this is putting the horse before the cart in a big way. But I just need to ask this way so I can try to put things in perspective.

    What if I got my account up to 50K and then took out 25K. And I keep taking the 25K out every time it hit 50K. Thats something that would have happed every few months going by my experience.

    Is that something that would get my account flagged? And I would start to see slow orders and slippage. And things like that.

    Or are the brokers so big that 25-50K does not show up on the raider?

    I have been doing a lot of reading and I have it down to three brokers. I am looking at ACM, Go-markets and Tadawull. Looking at there web sites I picked Tadawull. I set up an account but I am yet to fund it. And now I am thinking that Go-markets would be better.

    And insight on brokers and my questions would be great.

    Thanks
    Mr Gone
     
  2. MrGone

    MrGone Recruit

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    Really? 87 people have read this and not one of them has a anything to say.
     
  3. Stony

    Stony Sergeant

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    Hi MrGone,

    the problem is: nobody can take responsibility for the choice of your broker; no one can tell you "the broker XYZ is 100% honest and gives best performance". You´ll have to find out yourself which broker is honest and will suit your trading style. Look at Pharao´s posts of how to choose a decent broker. Sorry, but that´s all the community can do for you in this respect.
     
  4. MrGone

    MrGone Recruit

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    No one is looking for someone to take responsibility. All I am looking for is someone to share there experiences and knowledge. I dont think that is a lot to ask.
     
  5. MrGone

    MrGone Recruit

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    I must say Stony....... That is a really f-up way of looking at things. The fact that you would rather have someone go out and make the same mistakes to learn on there own. Rather to give a little insight on something everyone here has experience with.
     
  6. Stony

    Stony Sergeant

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    Look at the threads in this and other forums and you´ll find lots of experience and knowledge. If you are looking for private tutoring, that is a lot to ask. And I confirm: you won´t learn to trade by a textbook or lectures or signal services from outside or whatever. You´ll have to try yourself and learn from experience. There is no easy way. I´ve been trading for 4 years now and I´m still far from perfect.
     
  7. Eric Alyea

    Eric Alyea Master Sergeant

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    Because you asked

    Let me get this straight (correct understanding of thought)???
    #1. Stuck in the U.S. of A.(?? is that a bad thing where you came from ??)
    #2. Looking to take scalp’s (token/small body part/trophy of hair, hide, ear, horn, or antler leaving rest of the body killed to rot{I'll do it in Forex but not on the living}) and sell them.
    #3. Hedging... which to me means... standing in the bushes of a battle field center line, fighting (killing) “both way’s” and coming out of the bushes when you see “Who” is winning.
    #4. You have $5000-10000 to invest.
    #5. 5 guy’s pissed off in a forum. (who, what, where, why you)
    #6. You haven’t practiced getting money in & out of your broker, and you want to put in more money to see if you can get it out.
    #7. You figured out “Tadawull” then you flip-flop to Go-markets (are you “Telling us or asking us?)
    #8. Your mad that you got advise other than you wanted (everyone loves to be told what to do... they love even more to not do what they are told)

    Don’t take this the wrong way, I’m just reading what you wrote.
    Join date: 12-06-09 total posts 4 as of 04-13-10 all in this thread. Have a cup of decaf tea and breath in and out deep. We are not your enemy
    since you asked, Fxcm(uk)
    learn from my mistakes then, good luck:
    http://www.forexpeacearmy.com/forex...-duellatorus-review-eric-alyea.html#post28734
     
    #7 Eric Alyea, Apr 13, 2010
    Last edited: Apr 13, 2010
  8. cowmadagan

    cowmadagan Sergeant

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    Mr. Gone...if you're still here...

    If you look to find the list of members, you'll find that it's over 1000:1 recruits to privates here, so most people seem to be looking to get advice here and aren't in a position to give it. That means that 80 views and no advice is not surprising.

    What you should do is deposit a small amount, like $1000 (that is ten percent) into a brokerage account and try to make some profits, and withdraw them while leaving your initial deposit. Make sure your broker is regulated by the FSA or the SAC. If you're willing to invest into forex trading, you should be prepared to lose 10% of your total account from bad trading, so losing it from picking the wrong broker is no different.

    Also, keep in mind that many people feel like time is slowing down in emergencies, and also that trading involves loss and people will find any reason they can to avoid blaming themselves for losing, so reports of 'increasing spreads' or slow execution times because of winning too much should be taken with a few grains of salt.
     
  9. Barrel Head

    Barrel Head Private

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    Alpari US

    Highly recommend Alpari US. I'm not any big trader. Alpari US treated me well, fast withdrawals and good customer service. I've used FXDD and Iamfx, too. Alpari is the best one.
     

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