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Author Topic: Forex Broker  (Read 169 times)
Macy Jones (OP)
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May 08, 2020, 07:39:51 AM
 #1

Hello Everyone

Please suggest me a good forex broker. How much money do I need to start trading.
liemfrans
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May 08, 2020, 08:24:58 AM
 #2

Hello,,
I think this thread is specifically for trading bitcoin,
if you talk forex maybe you can go in another thread like Marketplace.
Thank you buddy and welcome  Wink
carter34
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May 08, 2020, 02:57:37 PM
 #3

Hello Everyone

Please suggest me a good forex broker. How much money do I need to start trading.

Well since you are here , I think you can have one option as Alpari. It has local unit maybe to different countries for easy access. They have been in the business for a long time and registered ut make your research anyway.
enhu
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May 08, 2020, 07:00:50 PM
 #4



Any broker I guess would be good. I have tried depositing $100 to Oanda and it was fine. You're limited to leverage though $200 would be fine for x50. There are brokers which their minimum has to be higher and it's better that way so you can practise more with your trading account than your demo. You feel no pressure with demo and in the end, you may not learn at all.

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stomachgrowls
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May 08, 2020, 07:54:21 PM
 #5

Hello Everyone

Please suggest me a good forex broker. How much money do I need to start trading.
Forex broker? I would suggest to those brokers which i do have experience on using them;

XM.com
Tradersway.com
FXCM
https://www.ig.com/

But if you do look for brokers that do have BTC trade on it then you can check out this thread: https://bitcointalk.org/index.php?topic=716530.0

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timmmers
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May 08, 2020, 08:57:11 PM
 #6

You can support this crypto broker: LHCrypto. They offer margin trading up to 1:500, but be careful such high leverage is a gamble, for example if you trade with 100x leverage, 1% move against your trade could completely delete your account.  Wink

Also LHCrypto has a nice promotion. To attract new traders they giveaway Lamborghini Huracan!

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Gozie51
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May 09, 2020, 02:49:55 PM
 #7

You can support this crypto broker: LHCrypto. They offer margin trading up to 1:500, but be careful such high leverage is a gamble, for example if you trade with 100x leverage, 1% move against your trade could completely delete your account.  Wink

Also LHCrypto has a nice promotion. To attract new traders they giveaway Lamborghini Huracan!

High level margin trade is a no for me, it is risky just as you have mentioned. A trader need to understand the market and have a high trading skill to succeed with such bonus. If your conscience don't remind you that you are trading with some borrowed money which can be pulled off at anytime you are low, then you will always be in trouble.

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May 09, 2020, 09:00:52 PM
 #8

Currently i am not trading forex but few years ago i was actively trading forex and i was using hotforex as broker which is good, they have low deposit requirements and offers different accounts type that you can select according to your needs. Other than that Exness is also reputable broker and has been in business from long ago.

Arcas
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May 10, 2020, 04:38:34 AM
 #9

Only trade with bitcoin and altcoin, never joined with forex trading and I don't know which one recommended broker fro trader on forex, you must careful choosing which one broker do you want to trade because when success or not after you make withdrawing.
adaseb
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May 10, 2020, 04:42:43 AM
 #10

Whether you trade forex, crypto, futures, stocks or options. Its all pretty much the same. They are all insanely difficult to generate a profit in. Especially on lower timeframes rather than using a "set it and forget it investment approach".

Forex has its benefits and its cons. Most exchanges give you high leverage because forex has small moves and it would be very difficult to make a profit without leverage. The markets have great liquidity, so you won't get a 20% day with forex like you do with crypto.

I think the cons is that it takes decades of experience to master it. There are tons of main pairs and exotics and they can be hectic at times. Especially during news event or employment numbers.

So open a demo account, try it out and see if its for you. Most likely you will make money on demo, but with a real account you will find it more difficult than imagined.
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