Living a forex dream
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Thread: Living a forex dream

  1. #1
    So I started to get into Currency Market a month. I like this notion of becoming your own boss and earning all decisions by yourself and getting the profits, not working for anyone. I basicaly see Currency Market as a bussines which takes a lot of time to learn (10k hours to turn into good like I read here).
    Anyhow im very disapointed in one factor of Currency Market. It kills my Currency Market dream. And that's brokers. I did found that brokers aren't equal - some are currently cheating,being dishonest and so forth. But after long hunt for a broker I cant find any broker that wouldnt have a lot of poor reviews. Only ones with fantastic reviews are small and unpopular brokers. Anying recognizable have a major shade coming with it. There isnt a fantastic broker with this broker list which you cant read a bad reviews about. It makes me feel just like you cant earn a living or money with Currency Market.
    So is there some broker which can be trusted 100%. A broker that dont have poor reviews about him?

  2. #2
    Quote Originally Posted by ;
    A broker that dont have bad reviews about him?
    Brokers are like any other things in life ... As an instance, you may definitively find a bad review on your prefered smartphone ... Does that make it a bad call ?

    Don't get me wrong, there are plenty of bad brokers and you are perfectly appropriate to ask and do your due diligence ... But everything in this world has its own haters ... even the best things.

  3. #3
    Quote Originally Posted by ;
    quote But everything in this world has its own haters ... even the top items.
    So what would be your top five brokers to deal with and top five brokers to avoid?

  4. #4
    PC master , I have no idea where you Away from, because if you are from USA you could only open account in USA regulated broker,, but if you are from any other part of the Entire World I Must recommend you to start your Foreign Exchange life with any FCA, UK regulated broker, since They Are Little more Confidence able then Another brokers,
    Assess VALUTRADES,, I am working Together for the past Two years and I am quiet happy with them

  5. #5
    Quote Originally Posted by ;
    quote What are your top five brokers to address and top five brokers to avoid?
    I really don't have such list ... I trade with the same broker since a long time ... and want not to have the need to run to a dull due diligence to find another one!

  6. #6
    Quote Originally Posted by ;
    quote So what would be your top 5 brokers to deal with and top 5 brokers to prevent?
    I have only ever used Hotforex but have had no difficulties.
    XM have a lot of love @ aliens thread also. I think it is dependent upon your account size.... If its large up of 50K then check your bank....When people loose however they'll always seem to blame.... Just nail your own system, and trade small....Say $100 until you've doubled it....Perhaps then and only then if you think about depositing more....Its hard to take such advice as soon as your new to FX....So you likely wont require it....Instead you are going to learn from your own mistakes....But good luck on your enterprise...

  7. #7
    Quote Originally Posted by ;
    quote I don't have such listing ... I trade with the exact same broker since many years ... and wish not to have the need to run into a dull due diligence to find a different one!
    So who's your forex broker?
    faisalahmad #8203;Im from europe so will go for sure with FCA controlled broker. But even about these brokers been hearing things about slippage and implementation that is poor.

    Sparkoz I'll for sure commerce little. Plan is to begin with 100 dollars on activetrades. My plan is to trade what I know the best - Facebook stocks. I think thats where the money is cause stocks are predictable and like Warren Buffed said - bussines that is good will be worth more over time.

    Also I plan to withdraw whatever little amounds I can from my account once I begin earning and Im not likely to compunding but to set a strick amount of funds that I will trust myself with.

  8. #8
    All brokers are the same.

    They will give you slippage, reject orders , widening their spreads and cheat one to death with Publish quoting.

    Most have plug ins ....designed to milk your account dry.

    They will tell you that they do not trade against you since they're an ECN/non dealing desk broker. If that is really the fact they're going to openly advertise all the winning EA's that are running on their platforms to attract business. If they state they're ONLY making money from transaction costs ( spread) then why would they not make public the commercially accessible EA's that are operating on their platforms ( the profitable ones) and that could be purchased by any trader?? Why NOT?

    Most traders have been fooled by the ECN version which claims that they do not trade against their clientele.
    IT IS IN NO BROKERS INTEREST TO Get Rid of MONEY. THEY Are Here in Order to TAKE YOUR MONEY. PERIOD.

    The sole safeguard a trader has is security of his capital in the event of a broker heading from business for some reason.
    Therefore you have a choice of proper first world country regulation such as the FSCS in the united kingdom or you can trust all the bucket store brokers that are mostly controlled in vague offshore loions.

    As a retail trader you're ALONE against the big boys. You are not only competing from the broker , but against banks and institutions that have unlimited capital and that loves to prey on retail traders.

    Therefore:

    Proper Reguation is Key.
    Second to this comes your ability to outsmart your broker along with other roleplayers with your trading skills. Your edge has to be superior!

    G.

  9. #9
    Quote Originally Posted by ;
    quote So who's the Foreign Exchange broker?
    Dukascopy ...

  10. #10
    Quote Originally Posted by ;
    quote So who is the forex broker? Faisalahmad #8203;Im from europe so will opt for certain with FCA controlled broker. But even about these brokers been hearing things about implementation that is bad and slippage. I will for certain commerce little. Plan is to start using 100 bucks on activetrades. My egy is to exchange what I know the top - Facebook stocks. I believe thats where the cash is such as Warren Buffed said and trigger stocks are predictable - great bussines will probably be worth more over time. Also...
    My guie with brokers is that you want to do intensive research before you hand over your cash. 1 means is to compare charts . The cheating brokers run spread to widen near stop losses and price to carry stop losses out. Was an affirmation about this in aforexsoutheast.asiathread not long ago and countless traders had their ceases removed when the rbnz cut rates. With communities such asforexsoutheast.asiabrokers are getting caught outside. In this instance it was FXCM and was compared to a Pepperstone chart (who I use) and the spike difference was about 8 pips I have retained a screen shot for future reference . FXCM is a regulated broker in Australia and here in the united kingdom so if the controlled brokers are doing this who will you trust?

    FCXM is not a STP broker and go through a dealing desk, in comparison with pepper they are an ECN (stp) broker so they can't manipulate the price. I am currently setting up a blog where I will let the all the BS about forex trading.

    When all of us start our journey into FX trading it happens to all of us we all have our dre crushed but as time goes on and as you learn what is really about. If you dont love it is better to leave because at the start you will loose all of your money the 1st issue is your love for it. The saying goes that 95 percent of traders loose is more like 95 percent of losers because they quit and the sole reason is.

    If you would like the lifestyle you will get it. Forex Currency trading has completely shifted me from when I first set my eyes on a chart, you may discover thing that you never knew existed its like needing treatment.

    For me personally I like trading and will keep on doing so and have made it my entire life.

    Just like you said its a company and needs to be treated so.

    Anyhow here's your Pepperstone link https://pepperstone.com/en/

    My site http://www.forextradingforprofit.com.au Its in the very early stages atm just been live for a week nonetheless a lot of work to do but stay tuned

    The fx market was and never has been set up to take pocket change out of their retail trader they are not out to take your cash. Retail traders take up 4% of their market its a cup of water . Even the fx market is impossible to manipulate like stocks are. Current price is a reflection of the value of a currency at that time and supply and demand determines its value.

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