Hello everyone,
I was looking at Forex broker reviews the other day and I noticed that hardly any of the brokers that had been around for any length of time had an overall positive ranking.
And I am fed up with it!!!
My question for you is what are you looking for in a Forex Broker? Beyond just good execution. I think we all expect that. But what are some of the issues that you have encountered in the past that you would like to not have to deal with.
I would love to get your feedback on this. People have suggested I start a Forex broker for years and to date I still have no desire to deal with the regulations etc. however I have some close business acquaintances that came to me and asked what it would take to be successful as a broker so I said “let me just ask”.
So here goes…
How you would like your broker to conduct themselves as well as what features you would like to see in a broker. i.e. more education, cash back bonuses, Trade Rooms etc.
To join the conversation just post your comments in the comment section. I would love your feedback and just maybe for once we can have a broker that we have a say in the way its ran. If you do not see a comment section below this post then click the comments tab at the top of the post.
To Your Trading Success…
Dustin Pass
P.S. If you have friends or Forex user groups that you are a part of it would be good to get them involved as well. The more ideas and feedback we can get the better off we are. So feel free to share this page using the social share links or just emailing it to a friend etc.
Posting comments was down yesterday.
Sorry for the inconvenience!
Hi Dustin
To the point:
1. Spread; I hate it when the spread is higher at night then over the day time and on the news. It has to be solid, or fixed 24/5 days a week.
2. Requote; Fast execution is very importend when you scalp, get in and get out fast.
3. Commission and swap; this also what I don’t like when you doing a long term trade those swap can be very big, and the Commissions you have to pay is not cool also.
4. Delay; allot of brokers have between 2 or 3 seconds delay on price action.
Just to keep it short all I want to say is why dont have the brokers some options to chose from so people can check everything day like and make there trading account they way the want to..
Example: check what you like
Leverage: 1.25,50.100,200,300,400,500
Spread: Fixed or not Fixed
Account: Nano, Micro,Mini,Standard
Swap: Yes, No
Commission: Yes , No
Delay: Yes , No
Requotes: Yes, No
ETC. ECT. I hope you see what I want to say and that people have enough information to get some idea what and where to look for to get a perfect broker.
you wrote:
i.e. more education, cash back bonuses, Trade Rooms etc.
This has to be standard.
Have a great weekend Dustin and good trading mate.
JohanL66
Hi Dustin
For beginners who have little money, bonuses are a very important thing,
good speed would have to be the standard…
For me an ideal broker is one that releases funds on time, provides a vps to host your trading platform and possibly provides trade recommendations that will yield a return 80pct of the time. If I can get that then I’m sorted.
For me bonuses are’nt an issue but good spreads, fast execution and no delay on price action. Also no stop hunting, various accounts, micro, mini, standard and nano if available.
Spreads, when the market turns volitile you can not exit a trade.
SL hunting, I can not count the times I have been stopped out at the pip and then turned around for a 20 or more pip move. I don’t think this is co-incidence.
The other thing is weekend trades, I had a trade open that was more or less even when the market closed. (I got back to the computer too late to close it) anyway when the market opened back up again it closed out my order 20 pips past my SL.
I agree with thos3e comments and suggestions and one more ..an honest broker that will not takes to reverse position just to wipe out transaction b/4 it materializes.
Fx broker must have flwg features:-
1) MT4.
2) VPS.
3) Hedging.
4) Leverage > 1:100.
5) Separate clients account from broker’s a/c.
Low Fixed Spreads
Fast Execution
Broker that does not take the other side of the trade. Therefore having a vested interest in me losing and him winning. Also stop loss hunting will be less likely.
Good trading and charting platform where everything can be done on screen like placing stop loss and profit target on screen and moveable thereon. Not sure if this is possible with some of the regs being instituted.
Spread and an internet connection that is stable and at least have a real time alternative if something goes wrong with their system. Also fast execution is imperative.
Spreads, when the market turns volitile you can not exit a trade.
Fast execution is very importend when you scalp, get in and get out fast
Commission and swap; this also what I don’t like when you doing a long term trade those swap can be very big
hunting
1. orders are pass-through & placed with the banks or an ECN (no dealing desks & no bucket shops)
2. low spreads that are constant; low fees & commisions; volume trading & high acct balance discounts; offer low minimun balance accts
3. no requotes (or extremely few)
4. fast executions
5. fast & easy withdrawl of my money
6. hedging allowed
7. ability to place stops close to current price (some brokers don’t allow this)
8.ability to place trailing stops & OCO orders
9. ability to trade during news announcements w/o question or delay or requotes
10. offer trading in exotic currencies also
11. they have sufficient equity of their own in the brokerage (the ratio of their equity to total client deposits is high)
12. well regulated by a responsible country
13. broker computer servers have sufficient & extra capacity for high volume trading times; & broker servers have at least 99% uptime history
14. good customer service; good technical help staff easily reachible; good history of support
15. reputation for honesty & good history of honesty
16. keep great records of my account & have programs for downloading & creating tax documents I may need
If we can get all these from a broker, it would be Nirvana. I’d be willing to give them 100% of my trading business.
No deposit bonuses and performance bonuses in addition to everything that has already been posted.
What are you looking for in a Forex Broker?
Do not trade forex because is unregulated and run by outside US firms that have questionable integrity.But here is an example of what not to do as a Broker.I had an account for more than six years in a Futures Broker using a platform by a third party.The clearing firm was an established comapny , well known in the industry.Many times my stop loss would not get filled in slow market action and the paltform had many technical issues that were never resolved by the IB Broker.I got so bad that one day the cleairng firm had a Server change and never notified em the client, and it coused frequent disconnections and no one took responsibilty or gave notice.Had to close the account.The service was therefore very unreliable and the paltform was also very bad.The Broker : Global Futures,CA. Platform : Strategy Runner, Clearing Firm: RCG. Stay away from these firms, they do not care about your money.
5:00pm EST close and open of a new day of price bars. Offer MT4 trading platform. Fixed spreads on open of Sunday trading, especially with no time delayed opening. Accept 3rd party IRA accounts. USA based or don’t waste your time because its the law for US citizens. (Rob Booker, trader and lawyer….look it up). Stop the back office computer price slippage. Hang with 4 digit price as 5 is just another way for broker slippage. Don’t trade against the customer either by dealing desk or hidden back office computer. In fact, let your creation criteria pass the test” Does this serve the customer or line the broker ‘s pockets” You best serve the customer and the $ will take care of itself. Joe Black, the movie, Sir Anthony Hopkin’s part portrays this point. Just as in trading….. “KISS. Start there. BTW, I think your trying………
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Minimum spread
All I want is lightening fast direct no dealing desk liquid execution, reliable servers with reliable backups, MT4 platform only, tiniest spreads to still keep your doors open, no commissions, no hedging or scalping restrictions. I DO NOT need training, forums, community, support, bonuses, trade rooms, trade calls blah blah blah. Just give me RELIABLE MT4 and tiny spreads without restrictions and I’ll be a customer for life. There are plenty of forums and training rooms online for people to get an education, I don’t want my broker in that business because the truth is most brokers suck at it. And enough with the “cash back” already! Just give me the best deal on the front end so I don’t have to mess with that nonsense.
Should Provide.
1. Low Spread
2. Fixed Spread
3. Low rollover charges. The difference between long/short rollover(overnight) charges sohould be minimum.
4. Micro account holders should be allowed to trade without any upper lot quantity restriction.
*I need a broker with an excellent execution
*1 pip spread on major currencies
*no slippage
*allow news trading and instant execution
*allow nigerians
*I need a broker with all forms of deposit
*1 pip spread on major currencies
*no slippage
*allow news trading and instant execution
*allow nigerians
Well, at the risk of alienating myself from the rest of the group, I’d like to offer my opinion. I don’t care about rebates, commissions, or spreads as long as they are below about 15 pips or so on the majors worst case. I am looking for a bottom-feeder that always takes the other side of the trade, assuming I am an idiot that will eventually lose all my money. Limiting me to about 5 standard lots or so per account per trade is perfectly acceptable. I want you to remain in business for as long as possible and if trading small helps to that end, that’s OK with me. I have nothing but your interests at heart!
I don’t care about leverage, though 100:1 is nice. I don’t care how much swap you charge or what kind of games you play over the weekend, because the longest I will be in a trade is … oh …. maybe 90 seconds at the outside.
I don’t even mind if I get a call once in awhile from a deep-voiced guy with a thick New York accent named Vinnie or Guido, telling me there was a “false tick” and that I didn’t really make 20 grand on the last trade, and offering me the opportunity to brib … uh … extend a small donation of some of my profits to incent them to leave my account alone.
Aahhh …. a nostalgic new broker that transports us back to the good old days. Great idea!
FYI … if you are hiring, and the price is right, I’d be glad to take the Vinnie job as long as I don’t have to live in some distant land.
FCXM all the way for me. No dealing desk (no requotes or broker taking the other side of the trade), micro and 10k + accounts, loads of education materials and live interactive trading room webinars.
I agree with most of the points that have been made so far espcially the technical ones so will not repeat them. I am not that interested in their education, forums, commissions, etc.
I would also add to that list that as I live in Australia and don’t like the idea of sending money overseas to fund an account I would like the broker to set up their presence in Australia too. We are regulated here by ASIC (Australian Securities and Investments Commission). There have been quite a few US based brokers set up offices here in Australia so it would not be something new for them to do.
Hi Dustin,
The only problem with the brokers I am dealing with comes up when trading the news which you are well aware of , none of them like news trading even with very small volumes,
Thanks ,Regards
I would like faster feed-back on Tickets sent in.
I’ve stopped trading the news because of the spread, and I paid a bag full for the system.
Brokers outside the USA seem to be just that little bit easier to open an account with,especially if you are not living in the USA.
Withdrawal of funds from Brokers is a total nightmare.It would seem that YOUR funds actually belong to them, and that they are doing you a favour by releasing YOUR, money on request.
Is there a way to withdraw funds without having to change it to egold, etc, etc.
VPS. is a must! For us living in 3rd world countries, with the internet being on kerosine, or candles or plain hope, it is imperative that we get VPS as a free,or very low cost service by the Broker,but your servers will have to be massive to handle the traffic.
Yes for bonusses, instant execution, one pip spreads,etc.
My broker is great. Great in the sense that I am simply satisfied with my trading. I don’t trade the news, I trade when the market is resting and intentionally moving in a particular direction.
1. fair spread for any per
2.transparency
3.education
4.low rollover
5.freindly user platform
6.rewards depend on trades amount
To have EUR account as well !
Low fixed spreads.
No action on the broker side that you can’t see, but after you are taken out of a trade they send you screen shots to prove. We should see exactly what the broker is seeing.
Bonuses would be nice.
The ability to hedge would be great.
Ability to change leverage on the fly.
Ability to create, add, make trading systems in some form of very easy click and build it type platform, so any one using the system could try out their own ideas.
No requotes.
No dealing desk.
No swap, no commision.
No slippage.
Instant execution on news trades (again, no requotes and no spread increases around news trading.
Easy options to get money in and out of account more quickly. Paypal, moneybooker, anything as long as I have made the payment, and you see it 10 seconds later post on your screen, it should be able to be in my acount 30 seconds after that.
Nano, Mico, Mini, Standard account sizes.
Simple user interface that allows you to see everyhting goin on both at your side and the brokers side.
Broker has enough funds on hand to be stable on not go under.
Awesome customer service.
On the techncical (computer) side, redundant systems that are capable of handling twice the expected peak loads and redundancy in firewalls to help preven DDoS attacks.
Ability to place trailing stops.
Standard as awell as exotic currencies. maybe even precious metals.
Ability to quickly and easily withdraw funds.
Ability to have subaccounts under your main acount.
Great recordkeeping.
Compliant with all rules of whichever countries governong laws they are under.
Allow traders from the US.
i know a problem with mt4, that is huge!! and i believe it
is the biggest secret all brokers do not want you to know.
and most traders do not even know this happens. one of the biggest cheating thing they do is this. Time intervals for
a new week or day do not match up correctly right side, result (caos) also at interval lines open and closed candles
are not drawn correctly result (caos) after arguing with several administrators at fxdd one fairly new person their
said their was problem with the data being fed from mt4.
and he said he needed to investigate it. yet nothing was done. most people there got defensive and argued with me. when pointed out it is obvious. compare mt4 to bloom-berg candle at times they will not match. this
misleads traders. also right side time intervals are not
spaced correctly until after the new interval is open. making future t.l. and any analysis off just enough to
keep traders off balance. this is by far the larger then
any spread cheating tactic or any tactic they create.
the sad part is most traders until they advance there
trading into expert status will never realize the significance of this tactic and how devastating it is!!
Dustin,
I feel that what we all want has been covered in the previous comments. However, since your would be the only honest broker out there there has to be something in it for you. So, if its not a commision fee I would even pay a membership fee to have this “true” broker available to use. I am a scalper so keep the spread tight or even fixed, and charge a monthly fee for this brokerage.
How would you deal with the making the Banks accountable for news trading ?
So you don’t get the Hit list @ the end of the day and have to pay ?
banks would have to be accountable for the spend difference..maybe they would if you did volume or did excance traded funds for the bank and news traded for them ?
be like taking the other side of thge trade for them ..instead you’d take the traded with us ! and pay back.. you must have some kinda deal set-up like this..
doubt you’d tell us.. good luck ,
love to use ypor service if u opened one ! , john
be real on the price, okay I know it is my fault to not to have stop loss
it was happen
I was out and as my target price did reached but broker does not closed my position. so I have to closed by a big loss, that is due to 3x spread at early Monday market.
okay the broker is Mark*****
HONESTY, INTEGRITY & DEPENDABLE!
Good operating system so no stoppages or brown-outs to slow or delay information w/ FAST EXECUTION.
Obviously low spreads
minimal to no re-quotes
MT4 platforms and maybe some others where it’s easy to place/move S/L & TP directly from the charts!
Good reporting capabilities including accumulative pips.
I agree with most things above read, Capital Gain MT4 from time to time has pop-ups asking if this is what you want to do, stalling your time getting in or out of a trade and I think that is crap. I will soon be leaving them if they don’t stop those tacktics. What you do know from their pop ups is they show up when you are more right with a trade entering or exiting one, then they want you to be.
have not done any real trading yet. Most of the comments seem to cover all the problems existing. I wonder if the GMT times of the broker could be visible to the trader and if that could be part of the problem which could help the trader close out correctly and how to prevent some of the problems.
How can a trader be sure that his system matches the Brokers GMT times? Thanks for the request for info and good luck.
Box options, period! Forget the mambo-jumbo.
In addition to other features, already pointed by other posters, for me it is also important the maximum transparency of broker actions. Especially I mean that if there is changing spread, these spread widening info would be available also later, ie. I mean spread history … at least couple of day or even better for every preceeding time when the broker has its historical price data available. Currently there are no strict rules, when the broker can widen spread and how much – f.ex. if you have quite tight stop, broker can just wide spread from promoted 1 pips temporarily to 10 or 30 pips … and you are stopped out even if price moves without any corrections only to your direction … and they even don’t have to explain the reason why they increased the spread.
And it might be actual not only for brokers taking positions against you, but also brokers providing pass-throw orders to interbank – so far when you dont have any chances to check exact reasons of your stopped out order or that the money you get from closed order is the same it should be, then in reality there is no way you can protect yourself from be robbed by broker, if it wants.
I also agree with most of the above
My niggle is trailing stop limitations. There should be no limit on how close a trailing stop or for that matter a normal stop can be placed on a trade. When trading indices and such this is an important issue as it is in scalping. also abracket trading utility could be provided ala IB’s product
hello dustinn!
I do not know what to say
I am a beginner in forex and I will follow the continued development of various strategies that I learned
thanks
Hi Dustin:
It is hard to add any thing that has not been said. In the previous posts. Having a broker that is open, honest that does not pull any back room moves togo against the trader would be zoo refreshing.
Some things that. I would like to see are:
1. A platform that will allow the trader to have multiple stop strategies incorporated into one trade..
2. Develop a platform that will work on the apple mac OSX operating system.
3. Have a platform that allows a trader to trade all markets without having to have different brokers or platforms.
4. Make it easy for the little guy to get started with little capital.
5. Have a platform that will allow a trader to have multiple tradinG strategies ( metatrader profiles) running at the same time under one account .
6. Make the platform open and accessible so that the trader can import trading systems, robots, etc from other environmental.
7. A. Robust IT environment that is extr emely fast, reliable and secure.
8. VPS THAT ALLOWS TRADER TO RUN MULTIPLE STRATEGIES, EAs,, systems. Note:the perfect solution would be to house the VPS infrastructure in the same data center as the trading infrastructure so that response times would be cut to the minimal
That is itq for now! Good luck, and where to I apply for a job. And to get my account set up,
I agree with the above.
The answer is a good ECN Broker with low spreads.
Any time you trade with a dealing desk Broker you are headed for trouble.
For me the most important things are a broker who gives automatic trading with no dealing desk, who will take news trades and not give requotes, who gives instant execution, and who makes the depositing and withdrawal of funds simple and quick. I’m not in the slightest interested in gimmicky cash back schemes, as that would only mean the spreads would have to be correspondingly higher, to generate the funds to pay them. I don’t even mind paying higher spreads to give the consistency and reliability needed to trade news reports.
I would also like the platform to be simple and easy to use, and which offers the ability to set up two orders of the same currency pairs at the same time for the purposes of safe and risky trades. Also the ability to be able to take partial profits on open trades.
I only trade news reports, so most of the suggestions above are not relevant to me, but maybe a dedicated news trading service would be in order.
Must be able to trade forex 24 hours a day 7 days a week. Tight spreads. Account held in Canadian funds or the funds of my choice. Good stable fast bug-free trading platform available on internet and mobile phone, with more features and api than MT4 and NinjaTrader. Simple way to deposit and withdraw from my account.
Transparency is the word! There are costs to let the brooker function: be clear how to feed these costs. when the broker makes profits: make a refund to the members for that profits. Stop making money with spreads and twigging the deals. Simply ask a fee, and refund the profits. Give graphs and tools to see level II and level III information, that would be a tremendous kind of info, to set stops an take profits at the market facts and figures. I would love to help building this thing!
I agree with most the comments posted earlier. Lots of fair and good idea out there.Plus I would add, Stable platform, especially when the market is getting busy, for example, when the news hit out, the trading platform MUST, I repeat, MUST BE able to retain the stable condition as it were before the news hit out. Trader lost their pips or trading opportunities because of dealing desk manipulations or incapable trading platform. The server MUST built up well and big enough to coupe with the traders all around the world if the broker is going worldwide. May be it is too of an asking at the moment?
Hi Dustin, beside other things like tight spreads, fast execution, great support I would like a swap free broker because (as a MUSLIM) I don’t want to indulge in INTEREST RATES.
Thanks
I want to see a broker that allow trades during news and easy funding and withdrawal methods.
My requirements:
– Low spreads on majors and exotic.
– Allows news trading (no freezes, no spread widening, min slippage, no requotes, no removal of profits).
– No commission, no requotes, no slippage (minimum slippage during news).
– Leverage up to 500:1
– Min deposit $500 (as low as $1 is fine).
– Regulated (but not by the NFA and their stupid laws to protect traders from their profits)
– Fast withdrawal and deposits.
– EA’s allowed.
– Scalping allowed.
– Must offer Mt4 platform.
– ECN prefered but just a STP is fine.
– Accepts USA clients.
– Polite and Knowledgeable customer service.
– Monthly statement emailed to you.
– At least 100 standard lots permitted per trade.
– Minimum platform disconnects.
– Market order execution.
– Allow stop loss as close to market as the trader wants.
– 20%-30% account bonus would be nice but not really a requirement for me.
– Basically no trading restrictions!!!!
Sounds like a dream I know but that would be my dream broker.
The Brokers function and top priority is excelent execution of the trade,
everything dosen’t matter. so, this means all the thinks that help the excecution (not decision making) but assiting in the trade are critical. examples are below no priority, do them all, and for all size accounts. (the little mini guys are taking it in the shorts)
ECN connectivity, low spreads, oco orders, trade platform, entry from the screen on all trade types, no requotes, dom order panel showing vol 5 deep. speedy communications, do this and we’ll be lined up at your door and make you #1 in your field. I’m sure we’ll think of other stuff. Best Regards, Denny Thiel
Lower the spreads as much as possible. Also I use MetaTrader 4. Why aren’t they adding new tools such as a drawing tool and others that I might not be aware of.
pending orders in MT4 should have alterable position size as it is done in trading station. Multiple closure of winning tradings or lossing trades option should be included. The profit target pips and stop loss pips required for any trade order should be provided instead of calculating manually which is time consuming. All featues in trading station should be included.
Spreads should be locked (to the spread it was when you make the trade). I made a trade in a.m. with a 3.5 and later that night when I should have been up, I could not get out, the spread went to 20.6 causing a loss if I got out. I trade in the US and am looking for another broker but in the US, that’s very hard to do.
I would love to use Go Markets (I like their spreads and 0 pip stops) but they don’t accept U.S. clients.
– Fast Straight Through Execution = minimal slippage
– No requotes
– Dump the IB referral program and just pass the savings on to the individuals that assume the risk. Too many marketeers are recommending traders to try out this broker or that broker…not because the broker is any good but because the marketeers get $$$$.
I agree with all the commentators in their views about brokers. But I think it’s ALMOST IMPOSSIBLE, literally speaking, to find an HONEST BROKER out there in the jungle. So it’s not only knowledge and experience in trading that counts for a broker to be a good broker. I’ll continue this comment soon, I am at work….
Broker:
I prefer straight commission not spreads as all brokers to date rack up the pips when the trade is going well (for me!)
I want to deposit and withdraw money easily and quickly, TT’s are too slow and old hat, PAYPAL / credit card something fast
I want to have my world wide markets – Options – stocks and FOREX in one account so i don’t have to move money
If we could link this to a members only broker combined with the alert services currently available and use mac and ipad technology for trading possibly with the option to have orders stored on your server so as not to loose the trade if the internet goes down.
A tall order probably – but you did ask.
p.s. I like straddle trader and Frey’s TAP
I agree with all the above, especially Gerard. In particular, to help the aspiring trader that has few funds, a no deposit and/or low deposit bonus would be very helpful. Include the free use of quality software/training to help the beginning trader trade profitably while learning. When the trader becomes profitable, the broker will make money in exchange for helping the trader up front, and at the same time, build brand loyalty.
Add to that leverage ranging from 1:100 to 1:500. To do this, would have to be offshore, and the ability to do business with U. S. traders must be unimpeded.
Regulation is an option. If the broker is regulated by the desire to do things right, and realizes that they are held accountable to a Higher Authority than any government regulations, it becomes a moot point.
Swap-Free trading, REGARDLESS OF RELIGION should be allowed. If a person, for whatever reason, religious or otherwise, does not wish to pay or earn interest, there should be provision, without calling it an “Islamic Account” catering to those that, in my opinion, are responsible to much of the world’s terrorism and persecute our Christian brothers and sisters. (Go to Saudi Arabia and see if they have religious freedom there.)
The best answer for me is a broker who makes most money if I stay in the game and raise my trade size, and I figure that currently means a ‘real’ ECN account (ie multiple named big banks providing liquidity) with tight spreads, which charges commission, and shows me the liquidity available (or at least, the first 5 levels). I prefer the ‘old’ 4 decimal place pricing, but pricing in 0.5 pip is bearable.
Far less of this type of broker offer MT4 than do market maker type brokers who build their take into the spread – why? Word on the forums for last couple of years has been that some market maker brokers can and do manipulate your MT4 orders (with specialist software) way beyond fiddling with the spread. I hear there are also good market maker brokers who use MT4, but personally, I’d rather avoid the risk by not using MT4 or market maker brokers.
Bonuses, commission rebates, etc,. from market maker brokers are all stuff you pay for sooner or later, so I’d rather my broker didn’t supply those. And why would you take trading education from the guy you’re (at least some of the time) trading against? You just handed him your cards to mark. So, I don’t want any of that stuff. I don’t care what software they supply so long as I can use Ninja Trader with their servers.
The broker I currenly use only targets active traders and professionals. They don’t advertise much (another thing I don’t have to pay for), their admin and account management is complicated, their non urgent support response is slow, their education is so-so, they don’t automatically reconvert non base currency in your account back to base, and their account minimum is $10K. None of that matters much to me. But, the commission is OK, spread is tight and pretty stable, the liquidity is good, and I can see the inside levels, I can use a wide choice of popular trading platforms, I can convert non base currencies to base when it’s advantageous, and they’re one of the oldest online brokers, so very well established. All that is important to me.
Max
hi Dustin
i think that broker is depend on our requirements if we trade casual trading i think OANDA is best from all sides ,
why :
1) Tight spreads (not in news tradings)
2) +Interest on balance (without trading)
3) From last 1 years i see reports i saw that his profitable acc are more then other famous brokers
4) Very good risk management we can trade even 1 unit
But for news trading
Searching …………………………
in process
please wait
It has taken three trades thus far. One small loss of 2 Euros and 2 small wins putting me 5 Euros in the positive.The jury is out at the moment as it is too early to judge.