What Firm Is The Best Broker For The Forex Trader?
Posted by benny in Barebone PC on December 10th, 2009 | 10 responses
What program do you use to trade the Forex Market?
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10 Responses to “What Firm Is The Best Broker For The Forex Trader?”
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To find out how traders themselves rate their forex broker, go to elitetrader.com and check out the broker ratings thread. Here is the link: http://elitetrader.com/br/
The list of forex brokers are listed together with different brokers on the left hand column.
I used to trade with FXCM, but chose to move all the funds under my management to OANDA. You’ll find out why later when you check the ratings.
OANDA’s trading platform is java based. I find it easy to use, and you can enter your trades by clicking on that price level in the chart to enter either a limit order or a market order. All accounts are updated in real time, plus their spreads are one of the lowest in the industry today.
Another thing I like with OANDA is that you can open a trading account with any amount. There are no minimum lots to trade. You can open a live trading account with only $1 and trade that account as much as you want, with the same spreads that the big boys trade with. This works well with any risk management profile.
What I don’t like about OANDA’s trading platform is that I cannot enter notes on the chart. Unlike other trading platforms that I have used. But I guess it’s a small trade-off; they claim their developers are working on an upgrade for that.
Hope this helps.
Jim http://jsforex.blogspot.com
I feel the Best brokers is one which suits best in your investment perspectives. I have tried around 10 forex dealers from which i found FINEXO the best from me. In order to profit from the forex market, you will need strategies not the broker and also the will to mold these strategies against time. Traders who lack a well thought out trading plan are prone to panic and confusion, when unexpected swings in the forex market occur. Many traders will tell you that trade driven by emotion is the fastest way to deplete your funds. Whether or not you are using a technical or fundamental style, it is still essential that you have a proper view of the market.
Successful traders often have a unique style of trading and take up various strategies during a trading session. Only continuous practice will help you gain a feel for the movements of the forex market.
Broker comes second. But my friend the key in Forex is YOU and YOUR TIMINGS.
Visit this for learning strategies of forex : http://forextradingguru.blogspot.com/http://www.finexo.com/
you can check your options in this site. enables forex trading anywhere in the world as long as you can connect ot the internet. offers background information for the Forex market, Guided-Tour, seminars, one-on-one training, CHAT, telephone support, as well as other assistance tools, including technical support. enables users to start trading immediately and with no software required to download you may login to your account and trade anytime, from anywhere. allows you to fund your account with your credit card, so you can start trading immediately, regardless of banking work days or hours. And If you are a frequent trader dealing in larger volumes, they offer tailor-made account to suit your exact needs (spreads, leverage ratio, mobile-phone alerts, etc.). uses the latest highly sophisticated and advanced technologies in order to offer you up-to-the-second quotes. one unique feature of this site is whether you are a beginner or an experienced trader, they will provide an Account Service manager to be your personal consultant who will serve as your mentor and trading partner, will answer all your technical questions and with whom you can talk live over the phone, email, chat or any form of communication available. without any software to download you can start trading immediately. to top it all, they can even set your Take Profit and Stop Loss rates so that you are assured to earn unlimited gains but not lose more than your authorized amount. Register for a start and download a Free Ebook.
InstaForex offers the trading services for private and institutional traders on the Forex markets, NYSE(CFD) and Commodities (GOLD, SILVER).
The main principle of InstaForex is the Instant trading, i.e. momentary processing of all deals. InstaForex offers better conditions for the traders, which include:
- no minimum deposit
- trade micro lot
- leverage up to 1:500
- wide spectrum of trading instruments
- competitive swaps and spreads
- swap free account available
- trading without dealing desk
- customer support 24/5
- the best affiliate program – 2 pips from every trade
- free practice account
We are inviting all the traders to take part into the affiliate program by proclaiming revolutionary new conditions for the participants of the affiliate program:
- We are giving 2 pips from each deal processed by recruited client
- Momentary putting commissions on the account
- Withdraw agent commissions through e-Gold, WebMoney, Liberty Reserve, Bank transfer
InstaForex – new forex broker with better conditions for traders and partners.
http://instaforex.com/index.php?x=FT
I was a victim to many brokers, Till I found Forex Meta, It’s good company using meta trader 4.
But, I can give you some advice before getting an account with it, You can get Free $100 Bonus with them when purchasing the automated forex System “Forex Tracer”
So, you can get Very good automated forex system and $100 Bonus in one package.
But, before buying this system be sure they still have 60 day money back guarantee (to be risk free)
When I purchased this system they would have, I tried it and really I Like This automated system.
You can take a look to this system here:http://www.ForexTracers.com
Best wishes,
There is no good FX broker. They all are poor at best. The trick is finding the one that works for you the best.
Here’s a great link for reviews;http://www.forexpeacearmy.com/public/for…
Be very careful (especially with specific suggestions from Yahoo Answers)…………………………..…
BTW: I hope you understand how high the failure rate in FX is. The industry paints it as being a whole lot easier than it is. They generally leave out the importance of money management. 96% of new FX traders quit after 3 months. Most have lost almost their entire account balance.
The biggest problem is how many people move to FX trading without years of very successful trading experiance in another venue, like stocks.
try marketiva it give you 5 $ for free if you are a newbie
some infos about this broker here at forex forum
http://investirent.info/forum/index.php/topic,177.msg706.html#msg706
There are no best forex traders. People rate them according to the amount they make or lose. You can select a broker based on the requirements.
The platform with a simple GUI provides to trade in 4 deep currency pairs and with a perpetual virtual account to test/ practise strategies. You can do real trades with $250,- buck$.
Contact
http://www.forex-ratings.com/