Lechosław Król Posted June 30, 2021 Posted June 30, 2021 Forex trading requires a good broker. If the broker is not correct, it will be very difficult to make a profit. I have not been able to make a profit by trading for a long time. Because I made a mistake in recognizing the right broker. As a trader, I think successful trading is not possible without choosing the right broker. Quote
gds221 Posted June 30, 2021 Posted June 30, 2021 In my opinion, the age of a broker is far from an indicator. For example, I work with a broker from Amarkets. This is far from the oldest broker, but I was able to make really good money. Quote
Hudson Posted June 30, 2021 Posted June 30, 2021 Yes, older brokers are much reliable because they have been present in the market for a long time without being banned and still hold on to their regulation. For example, I trade with an ASIC broker FP Markets that has been active since 2005 and also have regulation from cysec and St.Vincent. Quote
gds221 Posted July 1, 2021 Posted July 1, 2021 It is more important that the broker is reliable and the trader does not doubt the possibility of withdrawing his funds. For example, I chose a broker from Amarkets for work, and I quite like this option. Quote
Upoctin Posted July 2, 2021 Posted July 2, 2021 Historically, traders in various countries took long and short positions with their local currency at the bottom (the currency of appreciation), but that changed as the popularity of Forex skyrocketed earlier this decade. Now, most participants worldwide trade the currency pair with the highest volume. The more popular version is likely to have a narrower supply / demand spread, reducing trading costs. Quote
gds221 Posted July 2, 2021 Posted July 2, 2021 I think this is far from the most important aspect. It is more important that the broker is reliable and not old. Quote
Vaabum Posted July 3, 2021 Posted July 3, 2021 Honestly, I do not consider this aspect important. It is more important that the broker be reliable. Quote
gds221 Posted July 4, 2021 Posted July 4, 2021 It is more important for me to choose a reliable and profitable broker for work. It was this broker for me who turned out to be a broker from Amarkets, and I was able to get a pretty good result. Quote
Vaabum Posted July 4, 2021 Posted July 4, 2021 In my opinion, the more important aspect in choosing a broker is reliability. This is what should be given more attention. Quote
FXOpen Trader Posted August 30, 2021 Posted August 30, 2021 On 7/4/2021 at 3:28 PM, Vaabum said: In my opinion, the more important aspect in choosing a broker is reliability. This is what should be given more attention. I am using the International and Reputed Forex Broker FXOpen Markets Quote
Harvey Posted August 30, 2021 Posted August 30, 2021 I prefer trading with an old forex broker because they have good reputations and proper government regulations. I use FP Markets, an older broker active from 2005 with regulation from ASIC, cysec and has a St.Vincent licence for traders who want to trade with higher leverage. Quote
Günter Posted September 7, 2021 Posted September 7, 2021 Using an older broker is safer because they are reliable, and brokers like FP Markets and ICM have been in business for over 15 years with regulations from ASIC. I prefer FP markets mainly because of their trading conditions and customer service, which is consistent in solving clients queries. Quote
Lechosław Król Posted September 8, 2021 Posted September 8, 2021 I think a trader’s career is built on the fidelity of the broker. But it doesn't matter if the broker is old or new. The issue is how reliable the broker's service is. Many brokers fall into the trap of cheating and deprive the trader. These brokers should be avoided. I have been trading in Eurotrader brokers for a long time. The services of this broker are very reliable and honest. Quote
uncle gober Posted September 10, 2021 Posted September 10, 2021 The selection of the existing broker must be able to be considered carefully, this is done so that traders can get more leverage in getting the security and comfort of trading while on a real Tickmill account. Quote
Vaabum Posted September 10, 2021 Posted September 10, 2021 I chose a broker from ExpertOption to start my career. As for me, for work this is a very good option, which allows you to get a rather good result. Quote
AndrewJ Posted February 24, 2022 Posted February 24, 2022 An older broker is reliable to trade with because they have been in the forex business for a long time, which means it is safer to trade even with higher capital. I also trade with an older broker known as FP Markets. They have been active in forex for over 20 years, with regulations from ASIC and CYSEC. Quote
Vaabum Posted February 25, 2022 Posted February 25, 2022 More correctly - first start working with a demo account. It is much safer and will bring results. Quote
FXOpen Trader Posted February 28, 2022 Posted February 28, 2022 On 2/25/2022 at 5:08 PM, Vaabum said: More correctly - first start working with a demo account. It is much safer and will bring results. We can start learning about the Forex market trends and how it will work using the Demo Trading accounts of the FXOpen Quote
Vaabum Posted March 12, 2022 Posted March 12, 2022 In my opinion, this aspect is not so important. For example, when I started working with a broker from ExpertOption, I didn’t pay much attention to the broker’s age. Quote
FXOpen Trader Posted March 14, 2022 Posted March 14, 2022 On 3/12/2022 at 4:18 PM, Vaabum said: In my opinion, this aspect is not so important. For example, when I started working with a broker from ExpertOption, I didn’t pay much attention to the broker’s age. I have been doing my Forex Trading from the last 10 Years with FXOpen Markets and they have very secure and fast Trading MT4 Terminal Quote
Vaabum Posted March 17, 2022 Posted March 17, 2022 It seems to me that this does not play a critical role. For example, when I started working with a broker from ExpertOption, I did not pay attention to how old this broker is. Quote
FXOpen Trader Posted March 22, 2022 Posted March 22, 2022 On 3/17/2022 at 5:15 PM, Vaabum said: It seems to me that this does not play a critical role. For example, when I started working with a broker from ExpertOption, I did not pay attention to how old this broker is. We will need to make use of such kind of a Forex Broker which is Regulated and that is Truly International like FXOpen Quote
John22 Posted March 23, 2022 Posted March 23, 2022 This thread is so timely, the longevity of any firm in business spells credibility, trust and breeds confidence. You always have this calm feeling when working with them because you know they've been in the business for long, same applies to brokers. One should definitely add this to factors they consider before choosing a broker. In my case, even after making sure of every other thing, I checked how long Forexchief have been in business before I opened an account and it turned out they've been around since 2014. Quote
uncle gober Posted March 24, 2022 Posted March 24, 2022 The selection of the existing broker must be able to be considered carefully, this is done so that traders can be more leverage in getting maximum trading security and comfort like what I got from Tickmill. Quote
Vaabum Posted March 25, 2022 Posted March 25, 2022 I think it's more important to start with training. This aspect is more important and worth paying attention to. Quote
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