broker for newbie
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Thread: broker for newbie

  1. #1
    I have resolved to get going, enough learning about the trade. . (forex), I have to start earning money I would really like to have recommandations of forex websites that are easy to use, and are capable and prepared to allow demo accounts, and later on, hopefully, accounts that capable low starting rates.
    I have not yet discovered a site that suits me...
    for begginers (as myself) who are reading my article be in touch and give me a hint or two, by a begginers standpoint!
    Thanks...I will love it!

  2. #2
    I am similar because I believed when I set out by now I would be live on the market, however as ordinary things in life require longer and also the ole denial reared its head and I've held off for at least a year today. That said I have been gleaning bits of info about ways to go, the very first being Saxobank, however I downloaded their presentation and the first good trade I wished to enter on a signal would not take it and my own entrance transferred from 8012 into 8020 before I could enter on MT4!! So I will need to discover why etc.. The other out of a thread yahoo I've been following for backtesting programming signals and is largely way over my head they seem to be utilizing interbank, not sure yet if that really is a broker but maybe someone could enlighten me and others with their testings live so my learning curve isn't so steep....as it has been

  3. #3
    See the profiles to the broker webpage, there is a link to every brokers demo account and it informs what the minimum account balance is...

  4. #4
    There's no broker to get newbie.not all brokers are genuine however a broker specifically for newbie doesnot work.

  5. #5
    Making sure that you see that the market will be different is. In any given day, Forex market on any trading instrument may live through the market cycle you see forming for years in stock markets. In any given day a Forex news event or a currency intervention by a Central bank may change the course of the market for months or days to come. Don't expect to comprehend the Forex market, because nobody can explain it. Fundamentals work for long-term investing in stocks and futures, but with foreign market, it's all about motion here and now. It's possible to profit from minute changes in currency prices, but do not expect to have the ability to clarify their nature.
    I think that these are both important because you don't want to believe that you'll have the ability to earn the cash which you do all the time. Just like everything in life does, things will change. Consequently, this month should you make a good amount of money, you might not the next month.

  6. #6
    Make sure you know and understand the basics of FX , such as how to operate the platform itself and to make profits on buy/sell. Then you might choose to train yourself in demo account (almost every broker has the accessibility to demo account). Train to analyze the market in order to construct your own trading egy. Take your time wondering about in this forum, you might find something useful.

  7. #7
    Newbies are the FX Broker's breakfast, lunch and dinner ...


  8. #8
    I used to be a FX broker before becoming a professional FX trader.

    Open a demo first, understand the broker i.e I mean their standing the sort of law and how you'll be protected (these are items I constantly tell my students in the course)

    Look out for the things that matter for you, most of us have our very own list before our trading.

    Start little 1000-5000. If it works out they withdraw on time and platform is fine invest and trade slowly building your portfolio.

    All brokers are similar, but the most important aspect is that the platform, charts and implementation suit your needs. The rest are extras.

    Most significant you need to learn and understand how the market works before going live.

    Good luck and Happy Pipping

  9. #9
    Quote Originally Posted by ;
    Newbies are the FX Broker's breakfast, lunch and dinner ... image
    play fine!

  10. #10
    Hi,

    I too want to know some good brokers as there's a lengthy list of Currency Market brokers, which has confused me. I have hunted a lot about the popular ones and the new ones, don't know which one to go with.Please provide some advice.

    Thanks in Advance.

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