Decub Posted April 28, 2014 Share Posted April 28, 2014 Well, there are reasons some do it and one of such reasons is because they want to have different type of account which the broker offers. It is still fine for them provided they can take a good control of it and handle it well. Where it wouldn't make any sense is if at the end of the day, they blow it up all. Quote Link to comment Share on other sites More sharing options...
budado Posted May 14, 2014 Share Posted May 14, 2014 dear it is not possible that we can open maney acount in a single broker that is not right we have to select different broker in forex so that we can get huge profit in forex broker play an important role if we follow the rule of the broker then we can get profit in forex. I have 10 trading accounts in one broker site alone. So its totally possible. The good thing about having a lot of account is that you can divide your trading account to many different strategy and if one is going to loss at least you have many other accounts that going to make you earn good profit. So far my accounts are supporting each other and this is the main reason why I do earn in forex. Quote Link to comment Share on other sites More sharing options...
abdelmadjid Posted May 16, 2014 Share Posted May 16, 2014 If the trader likes to trade in multiple account with one type of broker, he or she can open more than one account and be trading in themm. Quote Link to comment Share on other sites More sharing options...
gaban Posted September 3, 2014 Share Posted September 3, 2014 Â it's up to you, whether you want to trade in a brokerage account with one or the other. but I prefer to trade at Instaforex broker with multiple accounts. because then we could try to trade with leverage. and advantages that we can get the greater Quote Link to comment Share on other sites More sharing options...
CahCuncun Posted September 3, 2014 Share Posted September 3, 2014 I think we can trade in more than one broker, But make sure that we also must improve our trading skills to get more amximal result. We must choose the right broker to trade in forex.If we have good skill, i think we should open PAMM account Open a PAMM account with TenkoFX for the chance to manage up to $100,000 Quote Link to comment Share on other sites More sharing options...
budado Posted September 3, 2014 Share Posted September 3, 2014 I have 10 trading accounts in instaforex and in other forex broker sites I have also multiple trading accounts. My main goal and objective is to make sure that I can sustain and maintain my trading account without any worries. This is the main reason why I love to focus on doing forex trading. Since having multiple trading accounts means more earning possibilities. Quote Link to comment Share on other sites More sharing options...
my name Posted September 10, 2014 Share Posted September 10, 2014 dear if we are new in forex field then we have to use one broker .because forex is not a easy work for every beginner.there is a hidg risk of loss .so we have to use one acount only after gaing skilll of different kind mean strategy.then we got profit in each acount Quote Link to comment Share on other sites More sharing options...
standart Posted September 10, 2014 Share Posted September 10, 2014 better if we are centralize our capital on one account. if we are willing to open different account, better we are join on different brokers. no use to open different account on same brokers. if we are want to spread the fund, make sure that we are put it on different brokers. if a broker going down, all capital won't be lose. Quote Link to comment Share on other sites More sharing options...
budado Posted September 16, 2014 Share Posted September 16, 2014 The big question before we going to do this is why do we need to have more trading accounts? I do have 10 trading accounts in instaforex and three trading accounts in oanda and I have a reason why. So its best that we actually understand the reason why we want to have multiple trading accounts. In my case for example I got stop out in four out of 20 trading accounts that I have right now. Quote Link to comment Share on other sites More sharing options...
gaban Posted September 24, 2014 Share Posted September 24, 2014 newbie would be better for one account, because forex is a business that has a very high risk, with a trading account will help us to be able to trade with a maximum. That way we will be able to trade well and we could while learning Quote Link to comment Share on other sites More sharing options...
Andy Posted September 26, 2014 Share Posted September 26, 2014 Just as a normal trader i don't think it is good to have multiple accounts since we would never be able to concentrate much so i would recommend to have just one unless there is a very valid and strong reason behind the multi stuff and then we go to the other problem with having this double accounts which is brokerage company as mostly they are very strict so we have to choose one who allow us the freedom like OctaFX as apart from them giving us the freedom they are also regulated and well reputed so we don't have to worry if we open multiple accounts with them. Quote Link to comment Share on other sites More sharing options...
CahCuncun Posted October 9, 2014 Share Posted October 9, 2014 newbie would be better for one account, because forex is a business that has a very high risk, with a trading account will help us to be able to trade with a maximum. That way we will be able to trade well and we could while learning  I think so, we should try to maximize our account. Make it survive in forex is not easy. There is risk which we should minimize to get more maximal result in forex. And as a trader, we must try to more improve our trading skills to get more maximal resultin forex. If we have good skills in managing money, we will be able to get maximal result in forex.  "Invite your friend, get $10 and win $5,000" Quote Link to comment Share on other sites More sharing options...
gaban Posted October 10, 2014 Share Posted October 10, 2014 course, forex is a business that is not easy, we need to learn and practice many trading well so we will be able to trade with the maximum and we need to trade well. account if we are able to survive in forex then we can try to trade with many brokers. Instafoerex often hold seminars are very helpful for traders and partners. Quote Link to comment Share on other sites More sharing options...
Bilal Jafar Posted October 12, 2014 Share Posted October 12, 2014 I don't remember that brokers put a limit on a person making multiple accounts.. it's ok you can go ahead with many as you need. It's usually adviseable not to do it however there's no harm in such stuff. Quote Link to comment Share on other sites More sharing options...
myregister Posted October 14, 2014 Share Posted October 14, 2014 I don't think so, spend your time in only one broker won't make you become such a good traders. One account already enough so you can focus on one account only, this could give better result compared to more than one account that you must handle in different or same time. Quote Link to comment Share on other sites More sharing options...
gaban Posted October 15, 2014 Share Posted October 15, 2014 I think if for a beginner would be better if we are trading with a forex account because the risk is very high. the risk that we need to have a lot of skill and a good trading knowledge so that we will be able to trade with the maximum. and trading with a one account have smaller risk Quote Link to comment Share on other sites More sharing options...
skyrock Posted October 15, 2014 Share Posted October 15, 2014 Having more than one account with a particular broker is always waste of time for me except that I open such account with another broker the reason is simple my broker can just allow you to open subaccount so creating new onece is always like a dream to me Quote Link to comment Share on other sites More sharing options...
Milo Beck Posted November 5, 2014 Share Posted November 5, 2014 Mostly it is highly risky to have multiple accounts in Forex that too with the same broker, as many brokers search for reasons to eat up a traders profits or earning and if we have multiple accounts than it could give them an excuse to do just that, therefore trade with a quality broker that has written permission for it or just ignore it. Â I am lucky in this case as my broker OctaFX has given me complete freedom, so we can open as many account as want and the best part is we will receive 50% bonus every time we deposit money on any of these accounts while also there with their cTrader platform we can also manage them at the same time, as it is a rare platform which allow us to handle multiple accounts at the same time. Quote Link to comment Share on other sites More sharing options...
myregister Posted November 8, 2014 Share Posted November 8, 2014 Some traders did double or even more accounts for the sake of diversification but it contains high risk too, traders does not able to concentrate clearly with their trading. I think for newbie this way is not advisable but for experts i think they will keep thinking twice here, because i am sure most of experts will prefer one controllable account Quote Link to comment Share on other sites More sharing options...
budado Posted November 12, 2014 Share Posted November 12, 2014 I have 20 trading accounts right now and I am hoping that I will become a successful trader some day. I am sure that money is really hard in forex trading. We just need to make sure that we can sustain and maintain our trading account for a long time and I am sure money will be great in here if we do know how to handle our trading account properly. Quote Link to comment Share on other sites More sharing options...
adil007 Posted November 19, 2014 Share Posted November 19, 2014 I think that one person should mainly focus on one account which he has and his skills and knowledge, a trader should not focus on the quantity of his trading accounts but the quality of his trades which he is making because this is what would really matter, having multiple accounts is only when we are trading in a group as well in the same broker. Quote Link to comment Share on other sites More sharing options...
myregister Posted November 20, 2014 Share Posted November 20, 2014 I think if for a beginner would be better if we are trading with a forex account because the risk is very high. the risk that we need to have a lot of skill and a good trading knowledge so that we will be able to trade with the maximum. and trading with a one account have smaller risk For newbie just like what you said, i suggest for one account for whole time until they have enough experience and better equipment, like good and stable internet connection to handle more than one account together. Quote Link to comment Share on other sites More sharing options...
uncle gober Posted November 21, 2014 Share Posted November 21, 2014 have multiple accounts at the broker would make us a lot of choice in determining the best brokers that we will use, I also use several brokers before this. The latter uses a broker Armada Markets. This broker is very suitable for the type of trading me where I can use scalping system performance without requotes Quote Link to comment Share on other sites More sharing options...
myregister Posted November 25, 2014 Share Posted November 25, 2014 Preferably with one broker only, and make sure the broker is a broker in select good and recognized by many trader, but if forced to have more than one account can be an advantage because we already share the risk of trading in various brokers. Quote Link to comment Share on other sites More sharing options...
adil007 Posted November 26, 2014 Share Posted November 26, 2014 Well on other side this thing might also depend on more than one factor, like that we want to stop our account from washing fully so we keep some reserve capital in other trading account to use in another trade which goes along as well, also when traders cannot open more trades before amount is withdrew multiple accounts can be a choice. Quote Link to comment Share on other sites More sharing options...
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