What i can say there are still a risk there even on the most reliable broker. You can't predict when the broker will be bankrupt, what you can do is choose the most reliable broker and you don't assume will be reliable at all, lehman brother is an example.

which broker do u use?

theoritically, broker shouldnt bankrupt in the first place. coz they are supposed to make profits from the spread. they go bankrupt because its a scam?

note: i have read reviews from forexpeacearmy.com and http://www.forex-ratings.com/, it kinda shocked me, as the whole forex for retailer is just like the american bucket shops (if u read jesse livermore book, u know bout it)....

even the oanda which supposed to be the regulated forex still receive very distrubing reviews....

This post has been edited by john123x: May 26 2009, 01:51 AM

i just do some deep research and more shocking facts....

forex with a dealing desk doesnt involved any currency buying, its like betting against the broker!!!! those retail forex player WILL definitely lose most of the time due to high leverage and dishonesty of broker.
http://nondealingdesk.blogspot.com/
http://www.fxcomparison.com/No_Dealing_Desk.html/

i guess the future of forex is with ECN....

This post has been edited by john123x: May 26 2009, 02:58 AM

U trade purely based on chart pattern/SR line? or u use indicator? Sorry newbie here. I hope u can share with me coz I noticed that all expert in this forum trade longer term chart and based on FA.

1st setup of this day...


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I'm with IBFX Broker. Normally if i compare or choosing a broker, i'll take a look to http://www.fxstreet.com/brokers/criteria/#regulation this website provide more relevant details of the brokers & comparison.

ur right, demo account, only 10 min to make 15 pips....

I triple my demo account in just 10 days....hahahaha

it is different, live and demo acc......

demo account is easier coz with higher capital , and bigger free margin and of course, can stand high pip drop....

people keep telling me , learn forex first before finding broker. if u ask me, i say find a great good honest broker then learn forex.... good honest broker is really RARE....

really that hard to find?

hm...i wonder if Deutsche Bank will go bust...cause they also provide FX trading...

if you know how the market works, you can even use your mobile phone to trade, or even ask your friends to make an entry for you.

KLCI 1060-1070 tomorrow?

Wrong, u base on both TA, and FA. and yes, longing @ support, shorting @ Resistant give easy pips. Just take a took on how Eur/Usd did to 1.4020 in the past few days. U will know having 20pips a day is not hard.

oic, you aim small pips everytime? 20pips?

Anyone here open live account with Oanda Asia (Spore )? Do they really need those high income requirement as stated in thier website?

Thks,

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Added on May 28, 2009, 9:18 amDemo no need to think long long one, just taruh saje. Live account need think long long b4 take action la.

This post has been edited by 266K: May 28 2009, 09:18 AM

dropping now this week -ve

adam, something i want to ask u since u r quite expert in investment field...
i want to start trade forex... where can i start 1st? which broker? thanks...

i guess u need to get urself familiar with forex b4 u get a hand on it.. babypips is a good site for beginner to kick off..

any here with fxcm?

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Reading since page 1.brb

This post has been edited by ChingChong: May 28 2009, 02:36 PM

i'm using fxcm too! and using interbank's charts+indicators.

is fxcm ok?

InterbankFX had the most stable spread. Going to test Alpari UK, heard that offer not bad, but too bad no livechat.