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What are the best FOREX brokers?
I want to start trading currency but I don’t know which forex broker I should pick. I live in the Netherlands so I prefer a broker that provides a euro account. I am leaning towards GFTforex, but they don’t support MT4. Can anyone give me some suggestions?
thanks,
Ashwin
If you are just starting, I would recommend Marketiva. It gives you $5 free to start. This is very good for beginners who want get some feel of trading without any investment.
you can join here:
http://www.marketiva.com/?gid=27259
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How many pips should I aim for when learning to trade Forex?
Whats a decent number of pips to earn on a trade? I’ve generally been pulling the plug at 15 which is around 10% of my $250 mini account.
What’s a respectable pip haul for a single trade? I have the self control to not get greedy, but I don’t know where the line is. I also realize I could do a trailing stop, but I feel more comfortable locking in my profit when I have it.
I like the strategy of having a MAP (Minimum Acceptable Profit) objective of 15 pips. You might try a slight modification of this by trading an even number of lots and sell half the lots when you hit your MAP of 15 pips and let the other half ride with a fairly tight trailing stop. This way if you are in an upturn you
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Click here to continue reading best forex brokers forumWhile trading forex, how do you know if your broker isn’t tracking or manipulating your positions? Like I read in one of the forums that when you trade forex your broker’s networks are the ones who create your data feed and the chart you see. So if he can ’see’ my trades, won’t he try to track and ‘manipulate’ them in some way? I’m really new to FX but curious to understand how the trading jungle functions. If you want to know if a forex broker is manipulating your trade, download two forex platforms and use them simultaneously. Their quotes must be approximately the same, if not, one is manipulating. I know and use a broker’s platform that doesn’t manipulate, visit http://easysolar.blogspot.com
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