Can I trade Forex without a broker?

Maybe I will, but right now, this second demo account is allowing me to follow everything about the platform and what can go wrong at times with it. There are sometimes when it freezes and I have to reset it and things like that, including displaying false info, so this is all good things to know before going live.

but I think your 2nd account is now expiring right? is there an extension for a demo account for example you are happy with it and you want to have more time, :smiley:

They give me 14 days to play with the demo, so I have some time left with it still. I figure it will expire just before I hit the the jackpot with my strategy :smiley:

Iā€™m disappointed thought that I canā€™t adjust initial balance as I donā€™t have 100k to put in an account and thatā€™s what they start you off at, so I buy more lots and divide them by the scale that I would really be using to see how it all works.

what is your strategy by the way?

The same strategy I have used with the banks until they became so greedy with the spreads that I was forced to Forex!

My overall strategy would be to buy the USD with CAD when it hits around .99USD and just sit on it until it falls again which it usually does and then take profit. Iā€™m not like all the professionals here that can buy and sell so many different currencies so often as I donā€™t know the relationships between each currency very well, I just know how the USD/CAD swings and also how the USD/AUS swings.

I would be willing to make an educated guess that the AUS will fall like a brick soon too. CAD and AUS currencies are just not safe havens and wildly swing when things get testy. PS, donā€™t take my word for all this and gamble your money away :smiley: This has just been my observation over 30 years. My other strategy is ā€¦never gamble what you canā€™t afford to lose.

what if you will use pounds? is it more effective?

I just donā€™t know much about the pound and itā€™s relationship to other currencies.

You can actually exchange one foreign currency to another currency at the bank and even at money exchange house and shop. But take note that the value may not actually equivalent to the one as announced in the foreign exchange market as banks and money exchange may put on a margin. But if you are referring to do Forex trading, I think it would be very impossible to trade without a broker. You need one like Gdmfx. But there are also a lot of brokers out there to choose from.

As I know i t is not possible to trade without any broker. you need a bridge of broker that joins you to forex market. It is a connection for you they provide trading plate form and you trade what spread and other terms they allow to you .

Itā€™s impossible. We can trade in forex with broker. Broker will provide what we need for trading in forex. There is leverage that can be maximized to trade in forex with small amount. Even there are brokers which provide deposit bonus for their clients.

Hi Guys,

Dukascopy are one of the best ECN platform, we are froup of traders working for fxynot, we used before Dukascopy and we had really good experience with it, specially Execution and spreads, i can suggest for it.