Forex Brokers
Consider this: 80% of you will lose all your money when you start trading within the first 3 months. Most brokers know this, and so, will watch your account when you start trading, and in some cases (if they have a dealing desk), they will actually take the opposite position from your trade.
Is this a bad thing? - well no, it's just a matter of fact. If you're new to trading, then you're more than likely only funding your account with the minimum deposit. This will only cause you pain, as you will be too undercapitalized, and as a consequence, loose all your money in double quick time.
What are some of the things you should look for in a broker?
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A true ECN broker
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Has no dealing desk execution (or doesn't deliberately trade against you)!
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Has VERY Low spreads during the Asian session
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Provides low (or no) slippage trading conditions
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Does not care if you make money, but wants to see you succeed.
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Has a huge liquidity pool
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Provides complete trade transparency
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Is well established and reputable
What Brokers Do I Use?
Latitude FX
Located in Auckland, New Zealand and only servicing the Australiasian customer. more
InterBank FX
Located in the UK. A well established broker with a reputible track record. Services worldwide. more
X-Forex
Innovative company that has it's own unique trading platform. more
Dukascopy
Located in Switzerland. One of the biggest, most liquid brokers in the world. more
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