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Thread: Brokers Tips

  1. #1
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    Brokers Tips

    All the traders we have a choice of the broker to be used , should the trader can choose a broker which is more appropriate to the concept of trading that will be used , if you love doing scalping should choose the broker that allows trading concept such as this. Otherwise it will be more difficult to survive, basically in spite of a profitable trading approach scalping don’t allow by and large regulated trading platforms in their trading brokers.


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    We all know that what kind of broker we need for our trading. So there is no difficulty to find the right one. We can find one according to our knowledge and skills.


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    Choosing a right broker depend on your trading understanding. If you love scalping should choose the broker that allows trading concept such as this. that’s why we the traders should choose the broker that is more appropriate to the concept of trading that will be used, I am a scalper and as a scalper I am with LQDFX now from where without any kinds of restrictions I am able to scalp at any major currency pair including lowest trading spreads as well as minimum margin requirements. so, my trading life is very much comfortable at the present.


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    What most new and intermediate traders need to understand is that the concept of making money in trading is the same regardless of account size. This is a business of a bank and just like in any business, there will be profits and there will be losses. The most important thing is to make more than you lose.
    None of my previous brokers has offered me education to support my aspiration to become a successful trader but IMMFX does. So I am definitely trading staying with them.


  5. #5
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    As a scalper I always have to depend on lowest trading spreads which is really supportive to scalp in a proper way. That’s why I have chosen LQDFX in my trading career which does not restrict any kinds of trading techniques with scalping and hedging and for all time ensures lowest trading spreads from 0 pips which always helps me to predict the real faction of this market with certainly when scalping . so, my trading life is very much comfortable. Basically by and large brokers don’t allow trading concept such as this in their trading platform.


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    I think regulated broker is a great choice and we should always trade with a regulated and reliable broker. We can choose a broker with a good reputation and we can read reviews about different broker on reviews sites before choosing a broker.

    forex broker list


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    In Europe and the US, the world of finance realized the inefficiency of such a system and developed a model that's called "prime brokerage". We will take a look at the UK as an example of how this works. Let's assume there's a bank which is considered a prime broker (generally only major banks, though some second echelon banks). Alpari goes to this bank to open a prime brokerage account. Before opening such an account, however, the bank will want to know if the company has a license to offer brokerage services. In our case, Alpari offices in the UK and US can show licenses from the FSA and NFA respectively. Needless to say, licenses from various island enclaves and other unrecognized authorities will not pass muster here. This is the first filter and not every company makes it through. Next the bank will be interested in the approximate trading volume the company can achieve; banks aren't interested in going through the trouble of opening an account if it won't be generating a steady flow of commissions from the company. Low-volume companies are either rejected immediately or have their accounts closed when it becomes apparent the company's actual trading volume falls well short of expectations. Trading volume, forex challenge, the second filter for prospective companies, implies a client base sufficiently large to reach the necessary volumes. Generally speaking, we're talking about volumes of billions of dollars a month.


  8. #8
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    When looking for a broker there are many important things that we the traders have to check. According to me, I will emphasis on the lowest trading spreads, because the trading spreads can affects the result of our trading with certainly. by using comfortable trading spreads we the traders can make profit with certainly by using any kinds of trading strategies . So, trading spreads is really important which an investor should consider when choosing a broker.


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