Forex traders: Can you recommend a good firm for trading the minis?
Question:
Answer:
www.fxcm.com
www.gftforex.com
www.forex.com
I am running a blog which you visit to get more info -
http://the-forex-trading.blogspot.com...
Most people who trade Forex lose money. See this website:
Wouldn't it be great to find a direct online broker that does it all, and really is "Direct", and has the most technologically advanced software on the market, and doesn't cost an arm and a leg like TradeStation?
I finally found one. I use TerraNova and the RealTick platform. They are a subsidiary of Townsend Electronics, whom just recently digitized and electronified the Nasdaq exchange. I've been using them about one year, and I'm very pleased. Still haven't learned how to use all of the bells and whistles, and I really am an engineer.
Anyway, check 'em out.
I just checked "http://terranovaonline.com/" they only show one rate on their site (USD/CAD) with an 8 PIP spread. Most other FX companies are either 4 or 5 PIPS (on this currency). In other words very expensive.
I'm currently using FXCM. They're not the cheapest (or maybe not the best). Right now I like them because they're great for the new trader. There are many other firms out there also. I may switch once I've learned what I need.
Feel free to email me.
I'd recommend trading the spot market. FXCM is the best company I've come across for that.
More Related Questions & Answers...