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Member You - How To Avoid Forex Broker Traps - A Question and Answer Session
Use Hot Buttons to Drive Successful Joint Ventures.Let me ask you this: What do you really, really, really want? If you say, “Money”, what does that translate into for you? Control? Power? Security? Dignity? Freedom? How much money? If you say. “Health”, what does that exactly mean to you? How will you know when you’re healthy? What has to happen in
The pressure placed on UK law graduates to succeed in the marketplace is at a high point in this new century. Law graduates, after all, fill important positions in local, regional, and national offices that influence the lives of millions. The pressure that the public applies to judicial professionals, however, is no match to the pressures applied on graduates as the
Q. Where can I find an honest broker offering a 1 or 2 pip spread?
A. That depends. For a mini-account or a micro-account, you can't. The smallest spread I've ever seen (that was legitimate) was 1.5 pips offered by Interactive Brokers. However, they required that you have an account size of $25,000.00.
The only other broker that I know of that comes close is Oanda. They offer spreads that get very low during times of high liquidity for very small accounts. However, during other times of the day, the spread on the EUR/USD can get as high as 6 pips.
If a broker is willing to give you a fixed 2 pip spread and let you trade an account that is only $200 in size, that is a problem. I can almost guarantee you there is some shading of the price going on. In other words, you aren't getting the real price. You've getting a price that will be more favorable to the broker. That means you'll have more losing trades. The old phrase, buyer beware, has much meaning in the forex br
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A. That depends. For a mini-account or a micro-account, you can't. The smallest spread I've ever seen (that was legitimate) was 1.5 pips offered by Interactive Brokers. However, they required that you have an account size of $25,000.00.
The only other broker that I know of that comes close is Oanda. They offer spreads that get very low during times of high liquidity for very small accounts. However, during other times of the day, the spread on the EUR/USD can get as high as 6 pips.
If a broker is willing to give you a fixed 2 pip spread and let you trade an account that is only $200 in size, that is a problem. I can almost guarantee you there is some shading of the price going on. In other words, you aren't getting the real price. You've getting a price that will be more favorable to the broker. That means you'll have more losing trades. The old phrase, buyer beware, has much meaning in the forex b
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The only other broker that I know of that comes close is Oanda. They offer spreads that get very low during times of high liquidity for very small accounts. However, during other times of the day, the spread on the EUR/USD can get as high as 6 pips.
If a broker is willing to give you a fixed 2 pip spread and let you trade an account that is only $200 in size, that is a problem. I can almost guarantee you there is some shading of the price going on. In other words, you aren't getting the real price. You've getting a price that will be more favorable to the broker. That means you'll have more losing trades. The old phrase, buyer beware, has much meaning in the forex b
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If a broker is willing to give you a fixed 2 pip spread and let you trade an account that is only $200 in size, that is a problem. I can almost guarantee you there is some shading of the price going on. In other words, you aren't getting the real price. You've getting a price that will be more favorable to the broker. That means you'll have more losing trades. The old phrase, buyer beware, has much meaning in the forex b
Recent studies suggest that more than 80% of new visitors to any web site get there as a result of a search engine query. If this study is to believed, it certainly suggests that working to get high rankings in the search engines might be the most effective thing you can do to bring traffic to your site.The following 12 design tips will help you get started in
Q. Why shouldn't I use 400:1 leverage?
A. The higher the leverage you use, the harder it's going to be for you to make money. The more leverage you use the more value each pip has. Since the pips are worth more, you have to risk fewer pips per trade to avoid risking your account's wellbeing.
Here's the problem. When you risk fewer pips, you'll get stop too close to the market's current price. Then any market "hiccup" will take you out with a loss. If you had lower leverage, you would have had more room for the trade, and it may have very likely become a winner.
Many new forex traders are trying to trade with these really tight stops (10 to 15 pips). That's way too close. Decrease your leverage and give your trades some room to breathe. You'll probably find that you have more winning trades.
Q. When I'm shopping for a new broker, what should I look for one their website?
A. Actually, you shouldn
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