My little opinion to choose forex broker for small investor with the condition of lower risk. Currently i saw the most suitable broker is IBFX. Leverage up to 1:400. And i found that other broker for example using 1:200 leverage, open 1lot margin will charge $500, while IBFX in the same case will charge only $50. In this situation, i can minimize my risk. Anyone know got any other broker better than or same like IBFX?

This post has been edited by rstusa: Feb 11 2009, 02:13 PM

But i tried before, for example using 1:400 open for 1lot EUR/USD, margin charged $0.25. If i using 1:200, margin charged $0.50. If i going to open more trades, for example 10 trades, 1:400 margin went up to $2.50, 1:200 margin went up to $5.00, so the chance of margin call 1:200 is the highest compared to 1:400. Correct me if i'm wrong. Thank you!

Why somebody said wrong?

Actually i know how the leverage works but how you going to explain my example i had shown above?

Did you mean they attract me using 1:400 to open more trades so that if i loss, i can loss much?

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Added on February 11, 2009, 10:27 pmSo if percentage more like 1:200 with 0.5% mean the risk more high right? If my answer still wrong again, i'm not quite understand what you explain on the above, can you give me a more simple example? Sorry!

This post has been edited by rstusa: Feb 11 2009, 10:27 PM

I really scare to invest in those forex broker that are not under USA CFTC & NFA. Currently i saw CROWNFOREX with the lowest spread & FXPRO provide the highest leverage but they still got the biggest probability to become fraud. Who know in one day it will happen, just like so many ppl believe in SWISSCASH really protected by SWISS MUTUAL FUND over near 100 yrs, and now we can see what had happened to SWISSCASH. However, USA still under a stable government to control all the community that let me have a big confidence to put funds in forex broker within USA.

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Added on February 12, 2009, 10:40 amBased on what you said it looks "cheap", i think i understood what you telling. The answer is 1:400 very atrractive, then if the person can't control his/her emotion or greedy, then he will open a lot of trades with bigger positions because the leverage offer high, if leverage offer low, then the person will control properly and won't open too much of trades with big positions because he know that he is using low leverage that charge the high margin. This is all based on emotion. Correct me again if i still wrong, haha! Anyway, thanx for the explanation.

This post has been edited by rstusa: Feb 12 2009, 10:40 AM

Oic, i heard Oanda got the lowest spread but it is not all the times right? I heard most of the times it back to normal 3 spread and seldom on 0.7 spread.

Oanda using java platform, sometimes lagging due to screamyx.

You change leverage need to ask your broker the permission.

He count a mistake, count from decimal 5.

Strategy really need to develop yourself, coz different ppl different emotion. Although you got the strategy but sometimes you'll greedy & all about your emotion. My advice for trading, open as small as position like 0.01lot position if your capital small or else it is very easy to burned all, that's my experience. If your capital got USD10k above then can consider for 1lot position.

If your capital $1k, i recommend you use leverage 1:400 & position volume with 0.01lot if you really a newbie, if you use 0.1lot still risky for that, 0.02lot can be consider. 1:400 will charge a less margin than 1:200, this will minimize your risk.

For stop loss status, you should refer to your chart analysis, i can't give you any comments.

Trading your real all method & volume of opening should same with your demo trading, so that you really can improve, don't trade nonsense 10lot, 100lot, unless you dump a million inside.

I'm planning to get a HTC Touch HD. Can it do open & close trade just like what we did in the pc version MT4? Or just looking at the chart?

www.babypips.com/school is the best for begineer.

I can download & open it using winrar.

Last time i told that www.babypips.com/school for the begineer to learn. If you're really a very very newbie about forex trading, you can take a look to http://www.itradefx.com/iKnowfx/demo/ this is very easy understanding presentation with voice. After you go through this, you should refer back to babypips as well.

This post has been edited by rstusa: Feb 19 2009, 02:13 PM

Is it showing a head & shoulder? If yes, will go bearish.

Wow, today open mt4 saw EU bull like hell.

Advertisement is like that, they only show how much they profit but they never tell you how much they had loss.