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-To choose a broker-

Discussion in 'General Forex Talk' started by Hardestone, Jan 11, 2008.

  1. Hardestone

    Hardestone Recruit

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    Hello,


    Be welcome


    I am trading for a short time yet and noticed that there is a lot wrong in the forex business.

    Now I try to find a profitable broker for newstrading.

    If you could recommend profitable brokers from your experience, please post.

    It would be nice to know how much profit (average percentage per month on your capital) you get and which strategy you persued.

    I hope we will collect a lot of information.


    Thanks!


    Hardestone
     
  2. Pip MY Ride

    Pip MY Ride Recruit

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    Are you looking for a spike broker or afterspike? The two are quite different.
     
  3. Tony Manpakdee

    Tony Manpakdee Recruit

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    I'm also trying to find a good broker for news spike trading. It baffles me how many people come on this board and say that spike trading is impossible to do profitably, when in fact that is essentially what Felix and crew are doing. They are telling us to watch the data to the second it is released, then place a trade immediately after determining the right direction. Trading on retracements is only meant to serve as a second chance strategy in case you miss out on the first "spike".

    So what I am wondering is, and this is for Felix and all the people that are trading profitably following his news trading stategy, which broker(s) are you using to trade these news spikes that have allowed you to avoid all the mishaps (slippage, stop hunting, spread widening etc.)so often associated with news spike trading?

    Pip My Ride, who would you recommend for spike trading. And for that matter, who would be good for afterspike trading. And how do they differ? Thank you! :)

    Tony
     
  4. wiseman70

    wiseman70 Recruit

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    Has anyone used MasterForex before? I learnt they are a good bucket shop.They trick traders to deposit with them and make withdrawal illegitimately impossible.
     
    #4 wiseman70, Jul 25, 2008
    Last edited: Jul 25, 2008
  5. Nurse

    Nurse Recruit

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    MasterForex is not bucket shop.People are depositing\withdraw money from their accounts constantly and i dont know the person who was complaining.If you have any doubts - go to the forum:
    Masterforex – Ð¤Ð¾Ñ€ÐµÐºÑ Ñ„Ð¾Ñ€ÑƒÐ¼ – Forex forum - Powered by vBulletin
     
  6. vans22

    vans22 Private, 1st Class

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    Good question Pip My Ride , I am on the process of self studying so I can also do forex trading. Can you differentiate spike broker and afterspike.Thank you very much , it will be a big help.More Power!:):D
     
  7. Pharaoh

    Pharaoh Colonel

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  8. trader545

    trader545 Recruit

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    How I choosed my broker

    When I choosed a broker, I looked it's background and also how many years it exists on the market. Everyone wants a reliable and..also the best broker that can provide online help and support and comfortable trading platform.

    Wish you luck to find your broker! :)
     

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