March 8, 2011

Does anyone find what is the best trading in forex?

By Planet Wealth

Hi Guys,
I want to start trading forex online (small amounts of money), but i was wondering what is the best online forex trading platform, or "broker" to get started with. I do not live in the United States, and i would want a simple, yet reliable one which i can access from my computer!

Thanks so much

Topics: trading tips | 3 Comments »

3 Responses to “Does anyone find what is the best trading in forex?”

  1. angelina paiz Says:
    March 8th, 2011 at 12:44 am

    If you are looking for the best forex software, use this software

    http://bestautoforexsoftware.info

    This software is the best software that can help increase your trading profit

  2. eToro Team Says:
    March 8th, 2011 at 12:44 am

    You can get started trading forex with eToroUSA. It offers a really simple practice platform which visualizes your trades so you can literally watch your trades make their way in the market.

    eToroUSA is the introducing broker for FX Solutions, an NFA licensed and regulated broker, that also offer you their professional GMT platforms and FX AccuCharts charting software. Plus you get to chat with other traders as you trade and access the revolutionary eToro OpenBook where you can follow other profitable traders and see how they trade.

    Go to http://www.etorousa.com to open a free demo account.

    We wish you pleased trading,
    The eToro Team

  3. alexi Says:
    March 8th, 2011 at 12:44 am

    I would suggest getting a broker with the lowest spreads you can find. If you’re only trading with a small amount of money some brokers have higher spreads for smaller accounts. Also read babypips.com, forexfactory.com, forexpeacearmy.com

    If you don’t know about zulutrade, I’d suggest certainly checking it out – zulutrade.com, it is a platform through which you follow signal providers. So you need an fx broker account to connect to zulutrade. Read more about zulutrade on this blog post http://bit.ly/dElrfe. For a broker to use with zulutrade I recommend AAAFX, you can still trade manually or follow signals through zulutrade.

    Something I recommend every new forex trader is to sign up for a forex rebate service – for AAAFX check out fxrebategurus.com you will earn 0.7 pips rebate regardless if you make profit or not.

    AAAFX has pretty low spreads, EUR/USD is variable between 2-3 pips(as low as 1.5) so getting the 0.7 pip rebate will lower your transaction costs dramatically.

    Alway look at the forex broker’s spreads, no matter how flashy their advertisements are if their spreads are high(EUR/USD higher than 2.5-3 pips) then they’re not worth it. Never get fooled by advertisements, some of the best brokers out there don’t need to advertise at all. I’ll give you an example – Oanda.com, one of the oldest online forex trading platforms, with relatively low spreads, similar to AAAFX, but their leverage is too low for my taste, just 50:1.

    Also consider how you will be funding your account. Wire transfers can be costly so I suggest credit/debit card or moneybookers.

    And a final advice I’d like to give you is don’t over-trade and don’t use leverage over 200:1, even if the broker is offering more you will do yourself a favor if you use less.

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