what is your opinion & Why ?
Is forex market is safe for a new trader ?
what is the best broker you prefer me to deal with ?
what is your opinion & Why ?
Is forex market is safe for a new trader ?
what is the best broker you prefer me to deal with ?
I guess yes, If you’re not so sure about it then don’t join in then.
Nothing is safe, not even forex. I would sugest you use Oanda broker first because they let you start with a very small account and they let you trade the smallest possible lot size. So you don’t have much to loose.
I would say its somewhere between walking through a nest of rattle snakes and swimming in shark infested waters. There is always a chance that you can survive though.
Oanda would be a safe choice - good spreads and I haven’t heard anything bad about them.
Yeap. I’m currently using Oanda too! It’s pretty awesome. I’m using it with the MT4 platform.
it is safe on demo.
About oanda I noticed that its spreads are not what they used to , 1.1-1,2 on eu I think they may be losing customers. I also saw that the execution is not was it was to be too in volatile conditions they missed my stop by 5-7 pips and tp by 4-5 pips.
I’m a oanda customers but I think Alpari UK is a better choice, I have often checked their spreads and they have 0.5 on eu and they beat oanda by 0.5-1 pips on almost every pair, also oanda credit card deposit didn’t worked for me, I had to go through PayPal and pay a big fee.
Last alpari Uk has a promotion at this moment like 7.5% credit bonus under 5000$ deposit. I’m thinking at switching to Alpari but I’m not sure, this promotion smells to good to be true, sounds like a poker promotion and I saw that alpari has a lot of business with Russia which isn’t safe either even if their accounts seems to be guaranteed by bank.
Any alpari.uk customer?
Perhaps I’d suggest you demo training something like 2-3 months till u feel comfort with market moves and expect when the charts are moving up or down … looks like a long time but I’ve been 1 year demo trader before I risked with my real money … needs a lot of practicing girl … I know a broker which can offer you 3 months demo trading account so u don’t have to create a new account in a short while and practice on long-term operations … Wall Street Brokers does so …
Hope that helped.
Adam
Too early for a broker and you need to do your own research anyway.
Trust your own judgement.
It takes quite an education to become profitable and you’ll need to learn it on demo first.
Be realistic and have a demo account with what you’ll be starting with and build it slowly.