Jump to content

Welcome to the new Traders Laboratory! Please bear with us as we finish the migration over the next few days. If you find any issues, want to leave feedback, get in touch with us, or offer suggestions please post to the Support forum here.

  • Welcome Guests

    Welcome. You are currently viewing the forum as a guest which does not give you access to all the great features at Traders Laboratory such as interacting with members, access to all forums, downloading attachments, and eligibility to win free giveaways. Registration is fast, simple and absolutely free. Create a FREE Traders Laboratory account here.

Xiaolei

Help! I Need a Broker :))

Recommended Posts

Hello Xiaolei,

 

let me answer from my experience (+5 years trading forex) when it comes to brokers, always go for the best of the best:

 

I trade with Dukascopy Bank SA (Swiss forex bank)

Advantages:

 

TRUE ECN (Electronic Comunication Network) you can put bid and ask in to the market AKA you are liquidity provider too, authentic 100%, you request or put liquidity in the market, like a market maker

 

INTERBANK SPREADS (Ultra Low Spreads, average 0,5 in EUR/USD in the London & NY session)

 

SECURITY, SPEED AND SAFE (As a swiss bank they are with all the licences, your deposits are secured till 100,000 euros or less)

 

Disadvantages:

 

Comission per volume (you pay X amount of dollar per million traded, every authentic 100% TRUE ECN will have this, but if you request the opening of the account throug me you will get monthly rebates to your account)

 

Minimum Deposit (is 5000 usd the minimum deposit, solution will be to open with their Latvia subsidiary, Dukascopy Europe, for retail traders, minimum deposit 100usd)

 

 

I really recommend you them, I dont work for them, but I'm an introducing agent, so can get you some comission back and some preference with them if you contact me.

 

Is not necessary to have a good broker to be profitable, but it helps

 

suppose:

 

100 trades in EU with 2 pips spread = 200 pips in costs (20 pips SL will be 22)

100 trades in EU with 0,5 pips spread = 50 pips in costs (20 pips SL will be 20,5)

 

ok you pay comission but with the rebates get better....

 

My two cents :2c:, if you or anybody is interested, contact me at carlos@zentraders.net or skype: korefx

 

Cheers and trade safe!! :cool:

Share this post


Link to post
Share on other sites
Hello everyone nice to meet you all

 

 

I need to ask you for some suggestion about brokers - in your opinion which one is good?

 

thank you

 

Broker suggestion will be based on what u wanna trade. U havent mentioned what u wanna trade and also whats your trading style.

Share this post


Link to post
Share on other sites

Hi everyone,

I have used a few Brokers and currently I am with x-DIRECT this broker is best according to my personal experience...because they are reliable and genuine and also they offer 45 pairs of international currency and maximum leverage of 1:400....I had a huge profit with this broker...you must have to try this one

Share this post


Link to post
Share on other sites

Broker selection is very important. I think we can trust broker if is in contact with you from very long time also he must be relevant and relocated i:e must have own license no. Initially you must invest less money with broker and check his loyalty if you will find him loyal you can invest more money in forex market with help of your broker

 

........................................................

Trading account

Share this post


Link to post
Share on other sites
Hello everyone nice to meet you all

 

 

I need to ask you for some suggestion about brokers - in your opinion which one is good?

 

thank you

 

Try Weltrade broker. They have fat execution, good support and without requotes trading. I trade with them for 2 years and have no problem.

Share this post


Link to post
Share on other sites

Yeah, broker is totally too much important because there is a huge size of SCAM.. Just things to remember! The google page rank, the customer's satisfaction review, instructions, community place, rules, comparing bonus (Without bonus broker is the best), and your own suggestions can choose of the best broker for you to trade!

 

Thanks

Share this post


Link to post
Share on other sites

Hi everyone... Need help!!!

Many of my friends are investing in forex recently and heard it is quite a good return. There r few brokers they recommend, ODFX, IRONFX, FXCM & GDMFX, wonder which is good. Can anyone share more info with me?

Share this post


Link to post
Share on other sites
Hello Xiaolei,

 

let me answer from my experience (+5 years trading forex) when it comes to brokers, always go for the best of the best:

 

I trade with Dukascopy Bank SA (Swiss forex bank)

Advantages:

 

TRUE ECN (Electronic Comunication Network) you can put bid and ask in to the market AKA you are liquidity provider too, authentic 100%, you request or put liquidity in the market, like a market maker

 

INTERBANK SPREADS (Ultra Low Spreads, average 0,5 in EUR/USD in the London & NY session)

 

SECURITY, SPEED AND SAFE (As a swiss bank they are with all the licences, your deposits are secured till 100,000 euros or less)

 

Disadvantages:

 

Comission per volume (you pay X amount of dollar per million traded, every authentic 100% TRUE ECN will have this, but if you request the opening of the account throug me you will get monthly rebates to your account)

 

Minimum Deposit (is 5000 usd the minimum deposit, solution will be to open with their Latvia subsidiary, Dukascopy Europe, for retail traders, minimum deposit 100usd)

 

 

I really recommend you them, I dont work for them, but I'm an introducing agent, so can get you some comission back and some preference with them if you contact me.

 

Is not necessary to have a good broker to be profitable, but it helps

 

suppose:

 

100 trades in EU with 2 pips spread = 200 pips in costs (20 pips SL will be 22)

100 trades in EU with 0,5 pips spread = 50 pips in costs (20 pips SL will be 20,5)

 

ok you pay comission but with the rebates get better....

 

My two cents :2c:, if you or anybody is interested, contact me at carlos@zentraders.net or skype: korefx

 

Cheers and trade safe!! :cool:

 

Thank you ...i will contact you

Share this post


Link to post
Share on other sites

Once you have grasped the basics of forex trading, First you ready find out the best Forex broker, using a demo account, smart Trading platforms, Spread type, Leverage, Minimum deposit, and Trading instruments- 60+ currency pairs, Metals, Energy, and Trade Bonus.

Share this post


Link to post
Share on other sites

Join the conversation

You can post now and register later. If you have an account, sign in now to post with your account.
Note: Your post will require moderator approval before it will be visible.

Guest
Reply to this topic...

×   Pasted as rich text.   Paste as plain text instead

  Only 75 emoji are allowed.

×   Your link has been automatically embedded.   Display as a link instead

×   Your previous content has been restored.   Clear editor

×   You cannot paste images directly. Upload or insert images from URL.


  • Topics

  • Posts

    • Date: 29th March 2024. GBPUSD Analysis: The Pound Trades Higher But For How Long? The global Stocks Markets are closed due to Easter Friday (Good Friday). The NASDAQ continued to follow the sideways trend while other indices again rose. The SNP500 reaches an all-time high, but the NASDAQ remains under pressure from Tesla, Meta and Apple. The Euro continues to trade lower against all major currencies including the US Dollar, Euro and Japanese Yen. The British Pound is the best performing currency during this morning’s Asian session. However, investors are largely fixing their attention on this afternoon’s Core PCE Price Index. GBPUSD – The Pound Trades Higher but For How Long? The GBPUSD is slightly higher than the day’s open and is primary due to the Pound’s strong performance. At the moment, the British Pound is increasing in value against all major currencies. However, the US Dollar Index is also trading 0.10% higher and for this reason there is a slight conflict here. If investors wish to avoid this conflict, the EURUSD is a better option. This is because, the Euro depreciating against the whole currency market avoiding the “tug-of-war” scenario. The GBPUSD is trading slightly lower than the 2-month’s average price and is trading at 49.10 on the RSI. For this reason, the price of the exchange is at a “neutral” level and is signalling neither a buy nor a sell. The day’s price action and future signals are possibly likely to be triggered by this afternoon’s Core PCE Price Index. Analysts expect the Core PCE Price Index to read 0.3% which is slightly lower than the previous month but will result in the annual figure remaining at 2.85%. The PCE rate is different to the inflation rate and the Fed aims for a rate between 1.5% to 2.00%. Therefore, even if the annual rate remains at 2.85%, as analysts expect, it would be too high for the Fed. If the rate increases, even if only slightly, the US Dollar can again renew bullish momentum and the stock market can come under pressure. This includes the SNP500. Investors are focused on the publication of data on the UK’s gross domestic product (GDP) for the last quarter of 2023: the quarterly figures decreased by 0.3%, and 0.2% over the past 12-months. This confirms the state of a shallow recession and the need for stimulation. The data, combined with a cooling labor market and a steady decline in inflation, increase the likelihood that the Bank of England will soon begin interest rate cuts. In the latest meeting the Bank of England representatives did not see any members vote for a hike. USA500 – The SNP500 Rises to New Highs, But Cannot Hold Onto Gains! The price of the SNP500 rises to an all-time high, before correcting 0.33% and ending the day slightly lower than the open price. Nonetheless, the index performs better than the NASDAQ which came under pressure from Tesla, Meta and Apple which hold a higher weight compared to the SNP500. For the SNP500, these 3 stocks hold a weight of 9.25%, whereas the 3 stocks make up 14.63% of the NASDAQ. The SNP500 is also supported by ExxonMobil’s gains due to higher energy prices. The market will remain closed on Friday due to Easter. However, the market will reopen on Monday for the US and investors can expect high volatility. Investors will also need to take into consideration how the PCE Price Index and the changed value of the US Dollar is likely to affect the stock market next week. Always trade with strict risk management. Your capital is the single most important aspect of your trading business. Please note that times displayed based on local time zone and are from time of writing this report. Click HERE to access the full HFM Economic calendar. Want to learn to trade and analyse the markets? Join our webinars and get analysis and trading ideas combined with better understanding on how markets work. Click HERE to register for FREE! Click HERE to READ more Market news. Michalis Efthymiou Market Analyst HFMarkets Disclaimer: This material is provided as a general marketing communication for information purposes only and does not constitute an independent investment research. Nothing in this communication contains, or should be considered as containing, an investment advice or an investment recommendation or a solicitation for the purpose of buying or selling of any financial instrument. All information provided is gathered from reputable sources and any information containing an indication of past performance is not a guarantee or reliable indicator of future performance. Users acknowledge that any investment in FX and CFDs products is characterized by a certain degree of uncertainty and that any investment of this nature involves a high level of risk for which the users are solely responsible and liable. We assume no liability for any loss arising from any investment made based on the information provided in this communication. This communication must not be reproduced or further distributed without our prior written permission.
    • MT4 is good and will be good until their parent company keep updating the software, later mt4 users will have to switch to mt5.
    • $SOUN SoundHound AI stock at 5.91 support area , see https://stockconsultant.com/?SOUN
    • $ELEV Elevation Oncology stock bull flag breakout watch , see https://stockconsultant.com/?ELEV
    • $AVDX AvidXchange stock narrow range breakout watch above 13.32 , see https://stockconsultant.com/?AVDX
×
×
  • Create New...

Important Information

By using this site, you agree to our Terms of Use.