I’m looking at forex.com, which I’ve seen advertised on TV, and dukascopy.com, which I found after reading a bunch of reviews. I’m new to Forex and don’t want to get screwed over…are either (or both) of these sites good to use? Are there others I should be looking at?
Thanks for the answers so far. Just to clarify, my biggest concern is the legitimacy of the broker. I’ve heard stories about sites that are scams…they don’t execute orders, they intentionally freeze the software when you’re trying to make a trade, etc. I’ve also heard that some are even reluctant to let you withdraw money when you ask for it. That’s what I want to avoid.
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June 4th, 2010 at 10:36 am
Get a broker through Forex Fap Turbo and the system in general is one of the more popular bundled automated forex systems in the market, you can get a broker easily through their service.
http://fapturbo.automatedforexplatform.info
June 4th, 2010 at 10:36 am
The important thing with forex brokers is that they provide good service and the platform (Software) that you can work with.
I recommend MetaTrader4 brokers. but some people like other systems.
Make sure that there are no fees or commissions. related to each trade, that the Spread is the only outlay you have to worry about.
June 4th, 2010 at 10:36 am
I use Forex.com and it works for me.
The word "best" is a relative term, to which you do not illude; best spreads, best trading platform, best executions? A lot of beginners consider lowest spreads to be "best."
Whether forex brokers are "non dealing desks," I do not know, but easy enough for you to check out.
Spreads are fairly equivalent throughout the legitimate industry. That is not the most important question.
Your trading platform is most important, with a good data feed. Executions are more important than the spread, because they can eat up your penny or two spread difference on just a few trades if they’re sneaky. The rules they apply are more important than any spread difference. I had one forex broker at FXDD that wouldn’t take market orders in a fast market around reports. Incredulous.
Anyway, the best way to take a look at forex is to download NinjaTrader for free, and use the simulator that comes with it. The futures and forex datafeeds are free also.
http://www.ampfutures.com/index.php
The futures and forex data feeds are free. I get better fills with forex futures, but have NinjaTrader with forex spot installed on a separate computer and trade both. Futures margins are less than anywhere I’ve found, at $500 for forex futures and emini S&P and Dow. AmpFutures uses Dorman for their futures broker, and the Forex spot account is through Forex.com and Gain Capital. The Ninjatrader people will set you up with all of it.
I’ve tried several forex brokers and trading platforms, but Ninjatrader rocks, and it’s free
I’m pretty sure Thinkorswim also allows trading of forex futures. In fact, most futures brokers will trade forex futures.
June 4th, 2010 at 10:36 am
get more details ; open the second & fourth link in: http://www.total-forex-trading.co.cc
June 4th, 2010 at 10:36 am
you may also check your options in this site. it will lead you to a legitimate, trusted, reliable and a very popular forex trading site these days where you can be sure you won’t get screwed else their reputation as one of the leading forex brokers will be at stake. one very good feature they have suited for newbies like you is their level of personal service. by opening any of their accounts- mini, gold, platinum or vip- a dedicated personal account service manager or asm will be assigned as your mentor/coach and or consultant. your asm will walk you through the basics and everything you need to know about forex trading. the site is also awashed with all the needed articles and tools for your perusal. further, they have developed innovative tools intended to assist their traders in predicting currency trends and assess deal directions and structures. all the best.