Forex is a highly liquid type of making money. I prefer not to wait for benefit long. I open one position with the whole volume of deposit as long as margin allows. As a consequence you take all or nothing. It is lovely for such strategy when broker gives bonuses. But I heard that many brokers do lots of dirty manipulations with these bonuses. I'd like to find a fair-dealing broker. Please somebody tell me where to find such information.
Asking for advice
- Thread starter Coleen
- Start date
- Watchers 10
Hi Coleen.
First off, your strategy sounds very risky. I think most seasoned Forex traders with advise you to have some money management and risk strategy in your trading..
Regarding good brokers, the easiest way is probably to read reviews on independent sites and search in this and other forex forums. Narrow the list to a handfull of brokers you would like to use and do some research on them.
First off, your strategy sounds very risky. I think most seasoned Forex traders with advise you to have some money management and risk strategy in your trading..
Regarding good brokers, the easiest way is probably to read reviews on independent sites and search in this and other forex forums. Narrow the list to a handfull of brokers you would like to use and do some research on them.
Sounds like you are more into gambling then trading. It really does not matter which broker you will end up with, your strategy is going to cause you to lose your entire portfolio before you make any bonus cash-out requirements anyway. In your case any broker would be a good choice.
You can try forexbrokerguide, they are fairly allright. You can review all the brokers listed there, and should get the info you need. So that's one site you can check out right away. And as regards the brokers list, you can sort it out as per your requirements.
This is Forex and you will see some of dirty manipulations not only during Bonuses but also during Live trading. I had this issue before with one reputed broker, they can only give you explanation like, server error, disconnections of the platform bla bla but they can not refund your money.
All the best
That really depends on the broker to be honest. Mine offered me a 100% first deposit bonus and I did not have problems withdrawing it once the conditions were met. Serious brokers do not mess around with their traders.
Okay, the part that most new traders miss out on lies in the small print. Before you fall for the "whoa, that's one heck of a bonus" make a point to review all the conditions as they apply, you'll find that the broker would have listed the "no withdrawal clause" somewhere in the small print..
A lot of brokers do that, I am glad I am with one who does not have that idiotic restriction. A bonus that you are not able to withdraw is worthless.
Could you say what broker to you trade with? I'm searching now convenient broker and wanna to get most clarifying picture.
It really depends on what you are looking for, there are so many. Just run a google search and you will find plenty of websites who list forex brokers.
I use Trader's Way, Alpari and FXCM - others may use a few other brokers but at the end of the day, you need to select a broker that suits your trading requirements. Basically, you can check out all the brokers we list here but you will need to make the call, good luck!
US DOLLAR TECHNICAL ANALYSIS – Prices put in a Spinning Top candlestick below resistance at 10760. Range support is at 10646, with a break below that targeting the bottom of a falling channel set from early July (now at 10581). A reversal above 10760 aims for the channel top at 10804.
