Best Broker for a Newbie
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Thread: Best Broker for a Newbie

  1. #1
    Hi I am a Currency Market newbie, and am looking to begin a small account with $1000, I was first looking at forex.com to be my broker but watch many bad reviews for them. I am only hoping to get in with this upcoming volatile market and need some direction on where to go to be able to create a trade,and set a related limit offer to carry my profits(or hopefully not reductions ). Can anybody help me thanks?

  2. #2
    I next billflet. Use a demo for some time, preferably together with the broker you think you'll go live. And when you go live, do yourself a massive favor: begin using a micro account, don't move to a miniature before your account has $5K. As for brokers who suggest micro-sized contracts. There are quite a few, attempt to collect remarks. I am aware of alpari UK, oanda, efx, mwheadway, fxdd, pfgfxlite, gft, fxsol, forexyard, interbank fx. The first three represent three different broker kinds and I think they are among the best, each with its own pros and cons. Fantastic luck.

  3. #3
    Thanks guys keep the information coming. . I'm afraid to begin. .

  4. #4
    Just made this post in a different thread. Applies here too.
    Good trading to you.

    https://forexintuitive.com/forex-tra...l-gbp-usd.html

  5. #5
    Quote Originally Posted by ;
    Only made this article in a different thread. Applies.
    Good trading to you.

    Https://forexintuitive.com/brokers/5...t-account.html
    Is Oanda a Fantastic broker? Basically All I am looking to do is buy $1000 worth of Euro on levarge and take some profit from this FED cut

  6. #6
    Quote Originally Posted by ;
    Is Oanda a great broker? Basically All I am looking to do is buy $1000 worth of Euro on levarge and take some profit from the FED cut
    please do not presume it is that simple.

  7. #7
    Quote Originally Posted by ;
    please don't assume it is that easy.
    One thousand bucks might be a fair price to learn to not assume it.

  8. #8
    Quote Originally Posted by ;
    please don't presume it is that easy.
    I understand its not. But I really think it's goign to go to 1.5, I am seeking to buy today and just hold, alsmot liek a stock rather then be an activer trader, are you currently siggestign that is dumb and I am way out of my league?

  9. #9
    Quote Originally Posted by ;
    I know its not. But I really think it's goign to visit 1.5, I am looking to buy today and only hold, alsmot liek a inventory rather then be an activer trader, would be you currently siggestign that is dumb and I am way out of my league?
    I am not suggesting that whatsoever. What I am saying is if a rate cut is KNOWN most of the time it's priced into the current price. Becareful on leverage. A penny move could margin call your account.

  10. #10
    Quote Originally Posted by ;
    I am not suggesting that whatsoever. What I am saying is when a rate cut is KNOWN most of the time it's priced into the current price. Also, becareful on leverage. A full cent movement could margin call your account.
    Yea I guess I have alot to learn, and that is why I'm here, thanks...I only wish to begin somewhere and dont know where..Most of you men have already been there.

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