Forex Broker Reviews and Comparisons
January 27, 2008
Hello there everyone, found a few sites that will help you find a Forex Broker that’s right for you. Even if you have a broker already, you can use these sites to review your current one or find a better one. Personally, I think I might try out a couple of MT4 (MetaTrader4) compatable brokers from these lists by opening up mini accounts for $250 or less and test out some indicators that I want to try live, but don’t have the nerve (or stomach) to try with big lots. I don’t see anything too risky about this new approach, the initial investments I can easily part with if the markets don’t go my way. Let me know if this is too foolhearty, even if I trade mini lots. just know testing out these expert advisers out, they will be 3:1 win to loss, and losses always smaller than gains, historically. I’m interested in seeing what the spreads will be like, alot of these brokers keep that under wraps unless you ask.
FOREX BROKER COMPARISONS
ForexBrokerComparisons.com is a nifty new site that takes some of the major characteristics of today’s leading Forex Brokers. I’ll backpeddle and say “leading brokers” is a very subjective term and I’m using their terminology. One thing missing from this list that I might have been interested in seeing is minimum deal size, which can make a difference depending what type of trader you are. Other than that, I think it’s a great list, it’s sortable by any of the columns to help you out. In a nutshell, you are able to search for Brokers based on whether or not they are MetaTrader4 compatable, whether or not they take E-Gold/Paypal, whether or not they are an ECN Broker or a Market Maker
FOREX BROKER REVIEWS
Best Online Forex Brokers is a site that I came across in a comment on the blog here. Even though there’s an entire introduction about Forex Killer, the site goes on to provide a comprehensive list of almost every single online Forex Broker on earth, 150 to be exact.
http://www.BestOnlineForexBrokers.com
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some really good sites about Forex Brokers there, thanks for sharing
bookmarked, thanks!
thanks for the honest forex broker reviews
forex broker reviews, thanks, i needed it, haha
thanks for the heads up, these are some good forex broker review and forex broker list for everyone!
yes, thanks for the addition about brokers
A broker is any person or firm that charges a fee in exchange for executing trades for a trader. A Forex broker does not charge a commission for placing a buy or a sell order the way a real estate broker would charge a percentage fee of the total price of a sale. A Forex broker is paid according to the spread – or the difference between the trader’s bid for a currency, and the seller’s asking price for that currency. Usually this spread is less than 0.1% or ten pips. (Pips are the smallest movement a currency can make on the Forex. Pips are commonly called referred to as points.) The lower the spread, the less a trader pays a Forex broker for a trade.
roker Reviews and Comparisons thanks for this post! Andy