FAQer wrote:


What are the larger FOREX brokers and what are the most using the trading platform of Meta Quotes Language - MT4?

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samatefm wrote:


i trade at fxcm demo account and i find it very good but after hearing many people say that it is a bad broker ,i started to think that it is good now only because it is a demo account and when i open a real account ,it will be bad .but also i heared people say that it is good …..so i am so confused ,which should i believe

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ap wrote:


Im preferably looking for some that offer a micro account, low leverage (to get me started), UK-based, and web-based trading software. Being able to demo trade for a few months would be great also. Thanks in advance.

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TheScorpionKing wrote:


also, do you know what kind of brokers that don’t trade against you, I am currently using FXDD.
(I used to trade FXCM and I could tell they trade against the traders)

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yannikin wrote:


Hi everyone,

I’m new to forex trading and would like to see what your opinions are for someone looking for:
-Java based broker,
-Small spreads,
-Offers demo accounts.

Thanks very much!

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samuellys2007 wrote:


I saw GCI Trading Platform (gcitrading.com). It was quite impressive, but I would need at least look at 3 of its competitors to evaluate it. Please recommend them to me.

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loverofthemoney wrote:


Hello I am scalper.I love to trade GBP/JPY.But the large spread is always a big problem for me.I dont like to trade with broker which is a bucketshop.I like platform like currenex.However if anyone have any knowledge abount any platform that provides 2 to 4 pips spread for GBP/JPY then please answer me.I have 50k so minimum deposit is not a problem.

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progress wrote:


I want to start trading forex, but i’ve noticed there are several trading brokers/platforms. Can you please tell me which ones are the best to use and why? And more importantly, your experience with your choice.

Thanks
jackson

Bloom B wrote:


is the Citifxpro broker another forex scam ? i see they are new but i saw some good reviews on them at: http://www.forexscamcheck.com/citi-fx-pro-forex-broker-t1330.html i would like a second opinion about them. but i think im ready to fork over my money !

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blue_prince_of_dallas wrote:


Most Forex brokers have spreads of at least 2 pips on EUR/USD and many are 3 or 4 pip spreads. I’m currently using Interactive Brokers whose spread on EUR/USD runs about 1 to 2 pips plus a small commission. Are there any Forex brokers that are better?
Dre Dude. Thanks for the feedback. 56 points is horrible, but I did see that spike Friday afternoon in the charts. I guess that could happen in a volatile moment.

I’m not trading right now so I wasn’t affected. I’m trying to get my automated system running in paper trade mode first.

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nauticalpsycho wrote:


Does anyone have any suggestions on a leverage limit?

Many FOREX brokers allow up to 200:1 leverage. My trading strategy is to take just very small gains (3 or 4 pips at a time) and set the stop losses way out there just to avoid a total wipeout. I never trade on Fridays either and of course close out before the market closes.

Because of the giant stop losses, I am only comfortable with around 20:1 leverage or maybe 30:1.

In other words, with a $500 margin account balance, I would only consider buying 0.1 lots of EURUSD (10,000) at a time; 0.2 lots with $700; 0.3 lots with $1100 and so on…

Does anyone out there use the same strategy as me and feel comfortable with higher leverage like 40:1, 50:1 or even higher?

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ivan anich wrote:


I’ve heard that FXCM and Oanda is best two to use? and is day trading a good way of making a living? if any of you are day taders could you please give my your Email address so i can write to you and ask you a few questions?
please help me out people!

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