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  1. #11
    badthriller is offline Junior Member
    Join Date
    Oct 2007
    Posts
    5

    Default Don't waste time hunting for broker till you know this fact

    I have changed 3 brokers and none of them seemed to work for me.
    I came across an article by jordan knight titled 'why your trading is doomed'. After getting hold of his money management advise, almost all of my strategies had profits. My USD100 in oanda never went below 95 and now it is at 128 by using 3 different strategies for past 3 months that previously wiped off my account. Every trader must read that article!

    PS The article has nothing to do with brokers, nor it endorses any broker, just education/enlightenment

  2. #12
    BostonForex is offline Junior Member
    Join Date
    Dec 2007
    Posts
    1

    Default

    There are a few well capitalized, NFA registered brokers out there...it's a shame that it's so difficult for traders on the retail market to find them

    I personally like the MT4 platform, and I know that it's likely to be the industry standard in the next year or so. That being said, FXDD and GAIN capital are two that I am currently using and have no problems with whatsoever thus far.

    I also use an IB which gives me a trade rebate of about $4 per trade...any daytrader knows how much that adds up at the end of the month

  3. #13
    Pavlovich25 is offline Senior Member
    Join Date
    Aug 2007
    Posts
    157

    Default

    Quote Originally Posted by forexbabe View Post
    I always heard about this as well.. and often read in other forums most especially to those starters who just jump into forex without any proper education.. I just don't know if it fits to other traders..

    But very important thing is - do not trade with marketmakers.They are trading against you. And you will never win them.

  4. #14
    jackvdo is offline Junior Member
    Join Date
    Dec 2007
    Location
    Raleigh, NC, USA
    Posts
    4

    Default My Top Ten

    I agree with avlovich25, I would not recommend Easy Forex. You will see them ALL OVER the internet because they have a very profitable affiliate program, but as avlovich25 said, their spreads can be very high. DukasCopy I think is a very good choice if you have the money to meet their minimum for opening an account.

    I am working on a new web project in which the goal is to create the most comprehensive set of forex broker reviews on the web. It is a "work in progress" but we just finished our initial broker ratings (not yet posted on the web site) which were done by collecting individual broker ratings from several sites across the Internet and combining them. Here's the top ten right now of those that have at least 20 individual ratings based on a rating from 1 to 10.

    1. aleccohFx (9.33) www.aleccohfx.com
    2. Dukascopy Swiss FX (8.69) www.dukascopy.com
    3. EFX Group (8.52) www.efxgroup.com
    4. Delta Stock (8.49) www.deltastock.com
    5. HotSpot Fx (8.02) www.hotspotfx.com
    6. FINEX Group (8.01) www.finex.com
    7. Windsor Brokers, Ltd. (7.97) www.windsorbrokers.biz
    8. MB Trading (7.71) www.mbtrading.com
    9. Questrade Inc. (7.67) www.questrade.com
    10. Alpari IDC (7.66) www.alpari-idc.com

    I'd be interested to hear from anyone who disagrees with me that these are good online forex brokers. A link to the site is below. Like I said it is not yet complete.

  5. #15
    bazmanblue is offline Junior Member
    Join Date
    Jan 2008
    Posts
    3

    Default

    the bestt online brokers will monitor your positions for you and will keep you updated with market developments
    [url]http://www.cfd-to-cfd-trading.co.uk[/url]
    CFD information and advice.
    Find the best online brokers

  6. #16
    badthriller is offline Junior Member
    Join Date
    Oct 2007
    Posts
    5

    Default Learn to make your broker to like you profiting

    Simply said, you would need a strategy for all your strategies to make your trading work, and your broker would not disagree with you. Make any strategy work magic, even losing ones with this magic formula and never bother about your broker when it comes to stop loss hunting. it's all in the code...

  7. #17
    nummero1 is offline Junior Member
    Join Date
    Jan 2008
    Posts
    2

    Default

    From my experiences in the markets for 5 years now there is no such thing as "The best broker" They all want your money and they won't stop at anything to get it, but these are some of the things I look for in a broker

    *Low spreads especially during volatile news broadcasts
    *Transparency
    *Easy to use platform
    *Instant execution of trades

    Hope this helps
    [url="http://www.urlfreeze.com/forexforums/Forexforum.net"][COLOR="Orange"]How to lose in the forex scam...GUARANTEED![/COLOR][/url]

  8. #18
    white_tiger is offline Junior Member
    Join Date
    Feb 2008
    Posts
    3

    Default

    Why don't you try some real regulated entities?
    Try Saxobank, Man Financial, Currenex, Windsor Brokers, Hotspot, DBFX, these are highly regulated and rebuted firms.
    hi,
    Currenex is not a broker, but a platform used by most of institutional broker.
    and to trade with currenex, few 0k$ is needed, it is not for small trader who want to trade <1k$ capital.

    and if you're outside US or UK, transferring fund to that broker will costs 20-30$ which is big compared to your capital if you trade <1k.

  9. #19
    TrendPhonic Forex is offline Junior Member
    Join Date
    Feb 2008
    Location
    Chicago
    Posts
    2

    Default

    We offer a $1 USD credit per 100k of currency trades. We clear all trades through IKONGM and they have fixed spreads.

    We are a full service futures and forex broker at the Chicago Board of Trade. We are registered with the NFA and specialize in managed futures and forex trading.

  10. #20
    naira is offline Junior Member
    Join Date
    Jul 2007
    Posts
    2

    Default

    As all of you, over the years of trading forex with different brokers I went throw a lot of different problems connected to forex brokers behaviour, manipulations and stability.
    I was hit by Refco, when they went down, some of my friends lost their money when Swiss forex brokers have been closed by the SFBC. With one broker I had a long fight for my profit, when they told me that my trading style is not meeting their criteria, at the end they paid everything out, but it took a very long time and a lot of nerves for me to get my money. With another one I had an account just one week, because they were heavily manipulating the market and fishing my stop orders.
    After all these stories I was spending more and more time to find the right broker by searching forums, ranking lists and reviews because there is no better information than to know what customers say about their experiences. But the problems I found is
    1. When you check forums, you can find only complains (if something positive written, then it is 100% promotion)
    2. Most rankings and reviews list a commercial product and many of them write positive reviews and publish brokers who are paying for advertisements
    3. There are too many forums and to many ranking pages and every time it´s taking more and more time to find and analyze correct information.
    4. There are new brokers appearing on the market every month and to find them and to find information about them is quit complicated.
    This reason brought the idea to create a non-commercial open web-portal allforex.eu which I have made together with my friends for you and for ourself, we have made a deep research and collected the information on more then 150 brokers and created a comfortable search engine and comparing engine to make the process of finding the right broker which meets your needs easier. If you know brokers who are not in the list please suggest them on our page, also if you have a good or bad experience with some of the brokers who are listed there, please write comments. As I said this is a non-commercial project, so you don’t have to register and give your information about yourself. Lets us make it happen to know the truth about brokers.

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