Even if he claims to offer fixed spreads and a certainty that they won’t be changed even if the market liquidity fluctuates?
Usually the spreads offered by such brokers is much higher as compared to the ones who offer variable spreads. That’s why opt for a broker that offers lowest spreads that’s actually great for scalpers.
True @gleycoom. Usually traders rely on the reviews published online for the brokers. That alone wouldn’t suffice. There are many other aspects that one can judge about the brokers like the charting patterns, what tools and instruments they use, and what time frames they support the most. Now all these and more can be judged only if one works with them on their platforms. I, for instance, started working with fxview, oanda, and etrade and realized that the last doesn’t fit my trading style. A genuinely good broker no doubt, but not meant for me.
And me too. All thanks to the economic updates that provide regular opportunity for sharp price movement which can be easily anticipated.
@rihana but with the ease comes dedication to constantly sit and monitor the developments and other kinds of data. Who has that much time and patience unless you’re a couch potato?
And just in case you’re one and spend time in great deal of research, there’s no guarantee you’ll achieve high returns.
Really Peter? That’s the first time I’m hearing something like this! How can you undermine the benefits of tight research which will basically lead you to know when to trade, what pairs, which platforms. Like it took me many months to zone in on oanda and fxview to start trading through them. And I am still not settled, started demo trading on Degiro and CMC Markets for exotic currency trading. And although RSI works most of the time for me, I am still very much open to learning the use of new indicators.