Brokers for long-term trading
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Thread: Brokers for long-term trading

  1. #1
    Although, MM brokers technically dislike trading, all brokers enjoy high amount of transactions, as they are making money from commissions or spreads.

    I would like to follow a long term egy to trade according to weekly/monthly chart, and maintain a place open for a few months. Do all broker despise this egy? Or they could make the most of my fund deposited in their accounts?

    Are there specific brokers who enjoy long-term trading?

  2. #2
    Quote Originally Posted by ;
    quote Hi Etrade, I can not talk for other brokers, but FXCM offers traders No Dealing Desk (NDD) forex execution. That means we make money. While a lot of quantity is ideal for us, a little volume is much better than none .
    Thanks for the informative things, Jason. As a matter of fact, I am already a satisfied customer of FXCM. I want to discover a broker as well as FXCM. Anyhow, it's nice to see that FXCM is not against long-term egy. Another 1 for FXCM

  3. #3
    I've one of my accounts open with DF Markets. FCA regulated. IMO very dependable and honest broker.
    Funds are protected by the FSCS as much as http://www.dfmarkets.co.uk/en/about/...protection.asp

  4. #4
    This is very useful article for all forex traders that I believe. We need a stable broker since earning in forex is little risky and we don't need much tension concerning brokers. I feel long-term brokers mean scam free brokers so much operating since long time.

  5. #5
    FXCM is very good broker. However chf turmoil trouble them a lot. But FXCM should consider accepting digital currency in future. This will allow massive customers to open account with them.

  6. #6
    Quote Originally Posted by ;
    FXCM is quite good broker. However chf turmoil trouble them a lot. But FXCM should consider accepting electronic currency at the future. This will enable huge customers to open account with them.
    NFA-regulated brokers can't accept electronic currencies readily. Even, they will quit accepting credit card according to the NFA requirement.

  7. #7
    Quote Originally Posted by ;
    quote NFA-regulated brokers can't accept digital currencies readily. Even, they will quit accepting credit card according to the NFA requirement.
    Ya that is the pity the majority of the Scam brokers are using digital currency. Russian and Cyprus brokers particularly

  8. #8
    I would start looking for a broker who got through the swiss crisis without too many difficulties, does not make much reduction per Q and is at least 5 years in the match. You will find several, who fulfill the criteria.

  9. #9
    Quote Originally Posted by ;
    Although, MM brokers technically dislike trading, all brokers like high number of trades, as they are earning money from commissions or commissions. I want to follow a long-term egy to exchange based on monthly chart, and keep a place open for a couple of months. Do all broker despise this egy? Or they could take advantage of my fund deposited into their accounts? Are there any specific brokers who like trading?
    Hello Etrade,

    I can not speak for different brokers, but FXCM provides traders No Dealing Desk (NDD) forex implementation. That means we make money. While a lot of quantity is best for us, a little volume is far better than none . Furthermore, we do not lose money if you make money, since we cancel every one your orders one-for-one together with our 10 competing liquidity suppliers. By comparison, a working desk broker may be accepting the market risk on the other side of your trades which would pose a conflict of interest in case your trades make money.

    Another factor to think about besides execution-type is your safety of your funds. In my experience, long-term traders tend to have trading account balances than short-term traders. This makes the safety of your funds of paramount importance. It is no secret that the brokerage industry has been in the middle of a price war for the last couple of decades. That combined with reduced trading volumes over the last couple of years have caused lots of brokers . Recently, we've seen brokers who've gone bankrupt http://www.bbc.co.uk/news/business-17426707, http://www.suntimes.com/business/144...ud-scheme.html and http://www.smh.com.au/business/forex...927-2ujo8.html.

    How do you know if the broker you choose is a safe place to keep your money? Are they really profitable, or are they barely staying afloat? Unfortunately, the huge majority of forex brokers are privately-held companies, so it's difficult to know the condition of their financing. That is why all traders need to ask brokers the following questions concerning their financial equilibrium.What are your revenues? How profitable is your company? Have you got a accounting firm auditing your financials?

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