Is it wise getting a Forex broker?

[shaunna75]

When you are just starting in this kind of investment then it is wise to get a Forex broker because they provide traders with a trading platform or dealing station that allow them to buy and sell foreign currencies. They will also allow traders to use a practice demo account so that they can get a good understanding of what trading is all about. In choosing a broker, make sure that the broker has good reputation and someone you can trust because you would be working with them all the time. Can you suggest any reliable Forex brokers?

 

[malaguti]

http://www.trade2win.com/boards/forex-brokers/175410-profiforex-scam.html

might want to check here first

 

[iBurger]

Forex is trap. I seriously would consider saving more and trade something different.

 

[amnonco]

You are wrong. Forex is a very good business and only those who have the guts succeed in it. When it comes to choosing a broker, people always want the reliable ones. Finding the reliable brokers seem to be the problem now, considering how many they are. The regulatory bodies have so far given license to the wrong brokers who keep soiling the name of regulation by scamming their traders. The best way to find a good broker is not based on regulation.

you are both wrong
Forex is not a trap
and you don't need guts to succeed in it.
it's a tradable asset, and one that requires learning. like any other type of asset.

regarding brokers - I agree - decent regulation is important, then withdrawal policies, then spreads.

the overwhelming majority of forex brokers offer mt4 as a platform so there's no difference there.

 

[Purple Brain]

This thread reads like a Borat script. (Malaguti excepted of course).

 

[jacksamson]

Forex trading is one of the riskiest form of trading (not investment). It is only for the professionals. If you are a newbie investor, better turn your focus towards stocks. Just my opinion.

 

[pboyles]

This thread reads like a Borat script. (Malaguti excepted of course).

Hello, thank you to speak me.

 

[George55]

Forex is a good business if you understand its essentials. But if you are a beginner try to read many tutorials, try your first steps on demo accounts, use different forums, try to give as much questions to professional traders as possible. Open real account only in case you feel confident.

 

[Purple Brain]

Trading Learnings of trade2win for Make Benefit Glorious Wallet of PurpleBrain.

 

[Pat494]

Practice on free forex account using say 0.01 stake. Better than demo imho

 

[rrayne20009]

What matters the most, is that you are able to get that broker that has suitable regulations, like low spreads, fast and fair execution. like my broker has good quality when it comes to regulation and trading conditions.

Agree.And check this article and it may help you find a good forex broker for you http://www.investopedia.com/articles/forex/11/how-to-choose-a-forex-broker.asp