Most brokers do not provide detailed information and the newbies do not take the time to review all the info that’s posted online or are willing to do the research…end result, accounts getting wiped out. But even with micro and mini accounts, if the trader is okay with the time lag issue, he would still need to stay informed rather than depend on the info that broker puts out.
Case in example: instantforex '[scamster], Etoro, Forex.com and a few others.
So often, the edu part is very vauge, does not provide requisite information and often, misleads the trader…
Hopefully, the newbies will take some time to review all the info that’s online and more…
Happy trading!
That is a good reason to get more than one price quote simultaneously, from different sources at the same time. None of those individual quotes should be trusted completely, but an aggregate of quotes could provide an “average” quote.
An “average” quote is quite useful for trading on a longer time scale, such as holding trades for a few hours or more, and works just fine for swing traders.
Position traders need only one price quote at a time, but few retail traders can afford to be position traders.
I know, think about being stuck on USD YEN and getting a requote just as you are going long…
Is there any single source that all retail traders can refer to for getting an aggregate quote rather than go by what their broker puts out?
In a word, NO.
Aggregate quotes matter to those traders having a short time frame, such as day traders.
For trades of days and weeks, as for swing traders, aggregate quotes matter quite less.
Position traders, for weeks and months at a time, do not rely on aggregate quotes.
Bigger money = longer time frames, and smaller money = shorter time frames.
And small money scalpers do not last long!
I’m sorry to tell you, but most of the discussion in this thread is in fact totally wrong, it’s based on some quite common assumptions, but have no factual basis, please don’t carry on along this train of thought, it will seriously hamper your trading career.
What is so “totally wrong” in this thread? What are the “common assumptions” which have no factual basis?
Maybe he meant comments on this threads are mostly from newbies which is not technical itself through post. Like anyone could post it.
All things are difficult before they are easy. 
Hmm? Maybe… But what was said did not specify what was meant.