Best ForEx trading site?
InterestedObserver аѕkеԁ:
Whаt іѕ a ɡοοԁ online ForEx broker whο executes trades quickly, hаѕ real-time charting аnԁ low (οr nο) commissions? I see myriads οf sites out thеrе. Arе аnу above аnԁ beyond thе others?
Whаt іѕ a ɡοοԁ online ForEx broker whο executes trades quickly, hаѕ real-time charting аnԁ low (οr nο) commissions? I see myriads οf sites out thеrе. Arе аnу above аnԁ beyond thе others?
Tags: General Trading
you might as well go and check this site. being one of the leaders in forex trading business they offer the best features available for forex traders. a few of these features are; personal service and live, one-on-one help, whereby every trader is provided an Account Service Manager (ASM) as consultant, mentor and trading partner and with whom you can talk via phone, email or chat to answer all your technical questions. your ASM will even trade with you as necessary to make sure you get familiar with their system; web-based platform and so with no software to download- simply log-in and you get to trade in real time giving you full control of your account from anywhere on the globe and from any computer connected to the internet, at anytime; use of credit card to fund your account which allows you to start trading, regardless of banking work days or hours and also change margins or withdraw profits anytime day or night; start trading by opening a mini account of only $100. other available accounts include gold, platinum, and vip. note that the higher account you will choose gives you more added benefits and privileges; uses the latest highly sophisticated and advanced technologies in order to offer you up-to-the-second quotes;
, they offer tailor-made account to suit your exact needs (spreads, leverage ratio, mobile-phone alerts, etc.) If you are a frequent trader dealing in larger volumes and they can even execute your stop loss and take profit rates which would enable you to make unlimited gains and minimize your losses to only your defined amount plus a lot more. the site is also full of learning materials and trade tools to help you in your trading activities.
Comment by Xelam — March 2, 2009 @ 10:56 pm
There are plenty of decent brokers. You should start by asking yourself a few questions and then use your answers to narrow down the broker.
1) How large of an account. If you plan on trading more than 100k you will want to use a broker with better liquidity. The larger your account the more important “broker financial stability” will be because if that broker goes out of business you risk losing some or all of your money held there.
2) What trading strategy are you planning on using? If plan to scalp you will need to choose a broker who does not restrict scalping or place minimum time limits on positions. If you plan on trading a carry trade system you will need to research the brokers swap(rollover) rate and find the most competitive broker.
3) What currency pairs do you expect to trade? Depending on a brokers liquidity sources the broker may have better or worse spreads on different pairs. (MB for instance usually always beats Dukascopy’s GBP pair spreads but Dukascopy usually has much better CHF pair spreads).
4) ECN/STP vs. Market Maker. I won’t get into much detail here because I don’t have that much time or room…. but both broker types have their advantages and disadvantages. You will want to decide which type of broker fits your situation best.
5) Fixed spread vs. Variable spread. Do you mainly stick to high-volume market times for your trading or do you get signals around the clock. A fixed spread broker may be better if you trade asia or off market times while a variable could save you money if you stick to London and early New York.
6) Metatrader or other platform. Metatrader is the most common but there are plenty of others. Open a few demo accounts with different brokers to get a feel for the different platforms. Choose the one that fits your style best.
Comment by sburtonhome — March 3, 2009 @ 10:30 am
To trade on the forex market, the largest financial market on the planet, one must use a forex broker. Choosing a forex broker may depend on your needs. If you are new to the field, there are houses, or online forex brokers, who may cater to your needs.
You should carefully consider which broker to choose. There are many forex brokers or providers, and unlike other types of trading, there is no one centralized market. Instead, there are thousands of forex brokers, or market makers, who set their own currency prices and spreads. But, because the market is competitive, there’s usually not a large enough difference in prices and spreads between different brokers. Forex brokers will provide you with an online trading platform, either downloaded to your computer and requiring you to log in with them when you trade, or as a totally online interface. The best way to see if a platform is adequate is to run their demo account to see if you can do all of your trading tasks on their platform. Is there a best one? The answer is that there are now many good options.
Comment by Gage — March 3, 2009 @ 2:08 pm