How Important to Have a Broker?

Discussion in 'Newbie Questions' started by Sweet Diane, Jul 10, 2016.

  1. Robian

    Robian Active Trader

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    Thank you very much for the explanations. Really, it's not very comfortable and profitable... Better I'll stay with my broker :D
     
  2. Daniel Richards

    Daniel Richards Trader

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    This is not a good idea! It's more expensive and less effective and risk is much more. Go with a broker, a good one of course!
     
  3. Robian

    Robian Active Trader

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    I analyzed what was said above and my own observations and decided that better I'll work with a broker... or with 2 brokers that's even better! As they say, don't put all your eggs in one basket. so I'm going to look for the second one in the nearest future when I have enough money. What do you think about this idea?
     
  4. Hafizmd

    Hafizmd Active Trader

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    Hello, Robian!
    I personally traded on two accounts with two different brokers, but after nearly a year and a half it became too hard.. I mean they needed more concentration, so I left only one acc. Maybe it has to be a habit of it must fit your temperament
     
  5. mai joe

    mai joe Newbie

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    Having a broker is of prime importance in trading. Trading without a broker can be troublesome and tedious. So choosing a broker is completely depends upon your trading requirements. I would recommend a pure ECN broker who offers pure ECN spreads with faster ping speed. While choosing a broker look for the one who fulfils all your trading requirements and keep your funds secure.
     
  6. Sweet Diane

    Sweet Diane Trader

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    Hi, everyone! I really appreciate your information on sharing about this business. Yes, I have chosen to work with a broker, yet it was not a successful one. I won't be telling the name on the one I acquired but I am very much disappointed 6 months after. I pulled my account last January. I have been studying about brokerage for a while now and I am also looking for another broker.

    My working colleague suggested [URL deleted] JAFX since I wasn't able to work with them. I heard about them when I started as many of whom I asked got them a good review yet I am not fully convinced. Now I am 90% wanting them to try but yet I need more suggestions or any feedbacks from you.
    Would you think [URL deleted] JAFX and John Anthony can keep up the game? I heard they were good in the market.

    Any suggestion guys?
     
  7. BigMikey

    BigMikey Newbie

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    It can be difficult to find a good honey broker. I like IMFX and IC markets. But there are others. I would also be cautious and don't deposit too much with any individual broker
     
  8. Abdul Fani

    Abdul Fani Trader

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    It is not a good idea to trade without broker, if you are a beginner. You need at least 10 million dollars to do it. Do you have it? Are you sure, you are ready to risk such a great ammount of money, especially if you are not a professional?
    Broker is an intermediary, who helps you to start trading on Forex with much smaller sums. Most of traders work with brokers and it is OK. But you should choose a broker responsibly, not to become a victim of scammers.
     
  9. Hafid

    Hafid Trader

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    It is also surprise for me that it is possible to trade without broker! Now I'll know it))
     
  10. Hafizmd

    Hafizmd Active Trader

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    Well, it seems to me that a non-professional or a person who doesn't know anything about finance would have another $10 million to invest somewhere :)
    Inherited money.... maybe, but unlikely. People who would like to lose the money, spent them on luxury things and parties. Those millionaires who are willing to invest, are unlikely to be newbies :D
    The other question is that even professionals trade with brokers. It's just comfortable for traders
     
  11. ema watts

    ema watts Trader

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    True that! Role of a Broker is to give assistance in your trading. They provide advance trading platforms and all online trading services, thus making your trading experience convenient and hassle free. Also it gives a feeling of safety to the traders. But yes it is very important to associate with a right broker chosen thoughtfully.
     
  12. Hafizmd

    Hafizmd Active Trader

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    It's like your working place with everything you need :)
     
  13. DFM8

    DFM8 Newbie

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    Pretty important, if you want things like margin/leverage and general convience.
     
  14. Lesiro

    Lesiro Trader

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    You seem to be an accomplished trader. J So, you can certainly try ditching your broker. You can, of course, come back to one later if you don’t feel leaving wasn’t much good.
     

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