Mb trading vs forex.com
Unfortunately, bad trades coupled with I have firsthand experience and I know they are a piss poor operation. But the hardest thing for a forex trader, besides trading strategy and consistent execution, is finding a good broker.
FXCM, Oanda and ywegyrayeku.web.fc2.com, Which is best? - Forex Brokers - ywegyrayeku.web.fc2.com Forex Trading Forum
A good broker is crucial for the success of all traders. I have had to do it 4 times in my 8 years trading forex. Knowing how hard it is, I decided to document my process the last time I switched brokers to help other traders find one that met their trading style criteria. In light of the eventual closing of some brokers due to the SNB surprise, I am reposting the article here in hopes of guiding traders to the decent forex brokers out there.
Follow the process and do the work. Please, also keep in mind that my decisions about a particular broker SHOULD NOT be your own. You need to have a clear idea of what YOU need from a broker in order to be successful. The list of brokers below is 4 years old and some of them are no longer in operation. Good riddance to them too.
I hate looking for a new broker. My word, it is exhausting. Elder stresses that traders must control costs one of the few factor we can control and to change brokers if necessary to do so. Spreads are not a huge deal for me.
Because trading with FXCM left me so scarred, I am very wary of the big bank market makers. Also, many smaller brokers are just introducing brokers to the market makers anyway so I may as well deal direct, if I must. My search started with a website that compares brokers. You always have to take rating and reviews with a grain of salt and try to determine between real traders and the whiners.
But it does help to have 2nd opinions as they certainly do help allay doubts and some uncertainties. Since Stocktwits partners with Zecco and they met my above criteria, I decided to give their platform a try. After crawling FPA and checking out different brokers for a day, there had to be a better way. And there is now! I finally turned to Twitter.
I did and got a slew of recommendations:. I traded with Forex. In my experience, they have a tendency to permanently widen your spreads once you are trading well. I have an account with InterbankFX already and not too crazy about MT4 sorry folks. So that left me to judge the remaining brokers based on my criteria. Most of the links are directly to the page that helped make my decision.
Having whittled away at this list, I tried out the platforms of those left standing via a demo account with each broker. I like things simple just like in my trading.
Gain/ywegyrayeku.web.fc2.com vs. MB trading? - NinjaTrader Support Forum
When it starts to get complicated, whether it was the platform or the fees schedule, I bail. Only time will tell if I made a good choice. If not, I will give Saxo and Advanced Markets another look. As a trader, neither should you.
Originally posted on faithmight. SNB Rocks The Whole World FaithMightFX. The information in this blog post represents my own opinions and does not contain a recommendation for any particular security or investment. I or my affiliates may hold positions or other interests in securities mentioned in the Blog, please see my Disclaimer page for my full disclaimer.
Her trading style is simple and short term. You can follow Lydia on Twitter and StockTwits This material is provided for informational purposes only, as of the date hereof, and is subject to change without notice. This material may not be suitable for all investors and is not intended to be an offer, or the solicitation of any offer, to buy or sell any securities. Home About Learn with Lydia Invest with Lydia Contact Disclaimer. Confessions of a Forex Trader — I HATE Changing Brokers Posted by faithmight on January 16th, ON AIR with FuturesRadio Is This The TOP?
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