flybiz08 Posted March 27, 2012 Posted March 27, 2012 Some trader believe that when they are trading with different brokers, there's some form of security of funds. They also believe that different trading conditions are also another advantage. Do you think that it is advisable to trade with ,more than one broker? Quote
charlly007 Posted April 26, 2012 Posted April 26, 2012 Some trader believe that when they are trading with different brokers, there's some form of security of funds. They also believe that different trading conditions are also another advantage. Do you think that it is advisable to trade with ,more than one broker? Well,if you feel safe doing that,why don't you get on with it.In my own case,i love using only one broker unless there is a situation where i will be needing more than one broker.Like the case of working on forex discussion sites,that may require more than one broker. Quote
indieover Posted April 27, 2012 Posted April 27, 2012 i don't see any wrong with trading with more than one broker as long as they are good and reputable broker. although i think that it will be more easy if you just stay on one so you can have better focus and concentrate more on your trades. Quote
Sixteen Posted May 3, 2012 Posted May 3, 2012 Nothing is wrong if we want to trade different brokers as long as we are satisfied with them and the way they do calculates their pips and all that. I can trade with different brokers in the future who knows? So it really safe to do that as long as we have invested with them. Quote
brokenblade Posted May 8, 2012 Posted May 8, 2012 I trade with only one broker. I did think about trading with other brokers as well. I don't think that it is a particularly bad idea to have more than one broker. In the case that something goes wrong with one account, you will have another to fall back on. It is the type of Forex broker that you sign up with. If you have a trustworthy broker, then you will have a better time as a Forex trader. Quote
riddick09 Posted May 14, 2012 Posted May 14, 2012 Well, it is just fine and its really great for some good traders that they have different brokers to trade with as we know it is also means that we will able to find the best or appropriate broker for us it also means that those brokers can give us the best benefits we can have as a trader that's its good to have other forex brokers as there's no restrictions to just have one broker. Quote
budado Posted June 3, 2012 Posted June 3, 2012 I'm trading six broker sites right now and the advantage is simple. If one broker site does not work well at least you still have other broker site that going to earn you money. I'm happy that while other one is losing I'm earning in the other one so each month I really do earn simple because one out if six broker site that I have earned. Also don't use the same strategy. I use hedging in one account, scalping in another and so on. Quote
rexway Posted June 24, 2012 Posted June 24, 2012 This is a good idea I dont see anything bad in trading with more than one broker because this actually give us a chance for comparism of the kind of services which this broker offer with that of the other one,so the right thing to do before using a multiple broker is to first evalute each and evryone one of them to see what they really hold for us. Quote
Tariq777 Posted July 8, 2012 Posted July 8, 2012 Yes there's no problem in trading with more than one broker but its better you stick to just one Quote
indieover Posted July 11, 2012 Posted July 11, 2012 i don't see a problem if you trade with more than one broker. maybe you want to do this so that you can compare each broker which is not bad. but if you choose to stay with more than one broker it is okay but it is hard ot have running trades in different broker . Quote
budado Posted July 25, 2012 Posted July 25, 2012 Right now my only problem is strategy. Since each account that I have I have planned different strategy but since I maintain many accounts I realize that I'm just doing the same thing from one account to another. In short instead of doing scalping in other account and hedging in other account and so on I trade almost similar position. Like I open at this price range in different other account. But I guess that's normal. Quote
indieover Posted August 7, 2012 Posted August 7, 2012 i think all of us are struggling to learn a good strategy to use in trading. that is what i want to learn also to develop a very good strategy so that i would be able to earn well in forex trading .but it takes some time to master the strategy. Quote
tirus Posted August 11, 2012 Posted August 11, 2012 Its unfortunate that learning a strategy is not something that comes easily because then it would really matter how many brokers you would be using but if you could have a good strategy then you could be sure of increased success. Managing a lot of accounts while you are still beginning can become confusing though so maybe it would be better if a newbie sticks to one account until they feel comfortable. Quote
indieover Posted August 12, 2012 Posted August 12, 2012 I don't think that you would need to trade under different traders. As the broker you are in is good enough then I don't see those need to have lots of brokers so y can earn more in forex as well. Quote
tirus Posted August 15, 2012 Posted August 15, 2012 If you consider though that different forex forums are sponsored by different forex brokers and that also adds to traders working with more than one broker. We are working on these forums to try and get some funds to trade with and if you are working on different forums supported by different brokers because you dont have to use your own money then it works in your favour. Quote
hardworks Posted August 29, 2012 Posted August 29, 2012 I always trade with a broker which is reputed and best broker too. I don't know how to divide the funds to invest in different brokers. I hope, it should be safe if we invest in a single broker and our concentration will not be distracted. If a broker gives huge offers, then what will you do? Quote
kaito kid Posted August 30, 2012 Posted August 30, 2012 I always trade with a broker which is reputed and best broker too. I don't know how to divide the funds to invest in different brokers. I hope, it should be safe if we invest in a single broker and our concentration will not be distracted. If a broker gives huge offers, then what will you do? I agree with you. If we have using a good broker, why we have to using others? Quote
nullahfx Posted August 30, 2012 Posted August 30, 2012 I agree with you. If we have using a good broker, why we have to using others? That's right sir. I never think about it, because i've got the comfortable broker to trading. My broker is FBS, and my broker give me what i need to trading. how about you? Quote
Hunter Posted August 31, 2012 Posted August 31, 2012 I have seen some experienced traders use more then one broker most of the time. They use one broker for long term trades and another one for short term trades, you it can be done with two accounts in one broker but they use two different brokers for that. One of the reason would be that some brokers offer decent spread for long term trades and some won't, so it helps to lower the cost to take and maintain a trade. Quote
riddick09 Posted September 2, 2012 Posted September 2, 2012 Its really recommended to that because traders are not going to just be contented in one broker, especially, if we are aiming for free trading capital or bonuses from different brokers that offering in the forex forums or in their trading contests. That's why its good also to try other forex brokers which seems to be reliable and we know that they are regulated broker. Quote
profitfx Posted September 4, 2012 Posted September 4, 2012 Some trader believe that when they are trading with different brokers, there's some form of security of funds. They also believe that different trading conditions are also another advantage. Do you think that it is advisable to trade with ,more than one broker? yes, I also think so .the different brokers have the different services. Especial when having the changes of one broker, e.g like technical error .... other broker can help us ken and avoid it. It is really an advantage Quote
kaito kid Posted September 4, 2012 Posted September 4, 2012 If you have using the best forex broker, why you have to trust another broker? Quote
profitfx Posted September 5, 2012 Posted September 5, 2012 yes any one also choose a best forex broker to use. But the best broker is not meaning perfect broker. Especial , there is not broker concern to their profit of traders. Most brokers only concern to deposit money of traders. So i can't perfectly believe any broker. Quote
fari Posted September 8, 2012 Posted September 8, 2012 i think if you go with one broker it would be comfortable and easy for you. you must choose one broker to work with otherwise you yourself get confuse. always choose a reliable broker. Quote
budado Posted September 14, 2012 Posted September 14, 2012 I have four active broker sites right now. Although I just close one and its now only three left I'm still planning to add two more. Right now I prefer to have more and more broker sites and account as each sites has its own functions and capital and strategy and also if one broker site turn out to be a scam one I still have other broker site to make me earn good amount of money. Quote
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