Recent content by varunk123

Why is it better to have a broker who does not take a counter-position in trades to their clients?

Thanks for the reply. I started trading, using hymarkets.com It has a fixed spread, which is really hard to profit off. Should I be using brokers with transaction costs instead? Is John J Murphy "Technical Analysis of the Financial Markets", a good book to read while I am starting out?

Hi, I am interested in starting to trade on the FX market. How much is the minimal amount of money I need, so that transaction costs won't eat up all the profits I could potentially make? Also, where do I go to start trading (i.e. which website)? Thanks.