Trading with several brokers

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Recruit
Messages
8
Is it now risky trading with more than one broker. The capital invested would be high plus the loss also would high. Not to say that if its a profit it would be low, but its like your gambling with your money rather than doing actual trading.
 

Spellkiller

Private, 1st Class
Messages
61
How many brokers does it take? I think it's enough to find one normal one and just work on your achievements. Why spray your attention...?
 

momo3HC

Master Sergeant
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430
Is it now risky trading with more than one broker. The capital invested would be high plus the loss also would high. Not to say that if its a profit it would be low, but its like your gambling with your money rather than doing actual trading.
It`s risky more about spray of your attention.

How many brokers does it take? I think it's enough to find one normal one and just work on your achievements. Why spray your attention...?
Exactly as i`m thinking. ;)
 

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Recruit
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8
But why still some traders have more than one broker, is it possible to really earn profit quicker with more than one broker ?
 

holycow

Master Sergeant
Messages
294
Work out some good strategy and when you are sure that this will work because you already had back tested it on your demo account then you can put some pending orders in every account with the stop loss and take profits also mentioned and yes it is possible to trade with more than one broker. It is also good option to stay on safe side if one broker defaults you still have funds diversified to other brokers.
 

Albert Dcosta

Private, 1st Class
Messages
68
Broker cannot default you mate.

It is just you need to pick those who are regulated and do not put big money in brokers. Keep withdrawing the profits regularly and you will stay relax. Diversification is also a good option but you need to manage different accounts and that will be difficult.
 

Malaksen

Private, 1st Class
Messages
27
I suggest you start with one broker, and it'll be easier for you. Then you will most likely need to divide your capital by 2-3 brokers. The main thing is to correctly distribute the risks and determine the best broker for you, with whom you can trade in the future.
 

fxoday

Master Sergeant
Messages
298
One broker as long as good and reliable broker it's good if already profitable, but sometimes trader want to explore from service various broker, they can diversify account and capital for some broker, but maybe this also need more hard work to manage all account.
 
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