Welcome to the BizWarriors Forum!
Why not join our community?
Sign Up Today!

Best Forex Broker?

Discussion in 'Investments' started by Bobrichmore, Apr 17, 2015.

Share This Page

  1. Bobrichmore

    Bobrichmore Member

    I am looking for a forex broker. Any Suggestions?

  2. Investor

    Investor Member

    Hey Nick,

    That's a good question. As with anything in business, there is no one-size-fits-all broker out there.

    ForEx is an amazing opportunity, but there are so many strategies one can use, including margin trading. You need to identify what type of ForEx trader you are (or at least which resonated with you), and evaluate your goals. Once you have identified what type of trader you feel you will be, then it's important to figure out how much capital you have to start with, and what type of functionality you need from your brokerage to meet your goals.

    For example, there are folks out there who are you trading traditional pairings, such as USD/GBP, USD/JPY, USD/EUR, etc., and require simple strategies and less functionality.

    Then there are traders like me who like extremely volatile pairings that offer tremendous profitability potential (and of coure potentially devastating losses). These types of pairing can be difficult to even trade on the larger brokerages, and require specialty trading firms, with specific functionality. These types of pairings can include ZAR/THB, HUF/THB, etc.

    So first research and find your trading identity. Once you find that, then you can identify the right broker for you.

    On a side note, if you're not really serious about this, and it's more like you'd like to dabble in ForEx for amusement then you don't need a broker recommendation. Pull the trigger with any broker and get your feet wet.

  3. Dandelion

    Dandelion Member


Share This Page

Similar Threads - Best Forex Broker Forum Date
The best place to buy shared hosting packages? Buy, Sell, or Trade Wednesday at 6:00 AM
10 Best Free Online Marketing Courses (Infographic) Useful Resources Jan 14, 2017
Best property management and business management services. General Business and Entrepreneurship Sep 14, 2016
What is the BEST piece of advice you've been given? General Discussion Aug 20, 2016
BE THE BEST Introductions Jul 18, 2016