Broker for Beginners?

B

blueman

Hello everybody,

i am totally new to the forex business but i think it is a good posibillity to earn a lot of money. A friend a me told me about that (at work) because 6 Weeks ago i moved form germany to the us.

in germany the people are very straight and not forex trading but want to take the chance.

My friend told me about https://www.varengoldbankfx.com/en/ is this a good broker for beginners? Did you have any expirience with them?

Would be great to here from you.
 
Not to sound harsh, but if you are new to trading forex (or any type of trading), then no, there is not a good possibility that you make money. It is the most competitive business that there is.

If you just moved to the US, I am not even sure you can use that broker (a German broker) or any broker while you are in the US. I think that might depend on if you have Citizenship (or a Green Card) or are here on some type of US Visa.
 
I am not going to waste my time or yours preaching the pro's and con's of trading.

Simply put.

sim first > small account > larger acct

Oanda is just fine for learning. IF you develop a profitable strategy, etc... then worry about broker.

IB is a good all around broker, but isn't geared towards beginners or those who require their hand held. No offense, just a lot to learn and may as well get the growing pains out of the way before you invest any serious capital.

Some useful links:

http://www.oanda.com/
http://www.babypips.com/
http://www.investopedia.com/
 
elt4x said:
Why do i feel like TS is trying to promote the broker? Hmm...
More...

its the same pattern,

"hi im new, i heard about this broker blah blah blah"

but who knows they might be legit. but anyway never heard of the broker and yeah there are better options out there
 
If a real trader want to ask about a broker, they will provide less information and how they hesitate to go ahead with it while fake trader often say "I heard about xxx, have you tried xxx? it offer abc, abc. I am very interested in. Can you advise?" And after many posts, he said "thanks for your ideas, I will open an account with it" :D
 
Exactly. And take your time: whatever good opportunity you think you missed today by trading in a simulated account, remember there will be more tomorrow and every day.

NoBias said:
I am not going to waste my time or yours preaching the pro's and con's of trading.

Simply put.

sim first > small account > larger acct

Oanda is just fine for learning. IF you develop a profitable strategy, etc... then worry about broker.

IB is a good all around broker, but isn't geared towards beginners or those who require their hand held. No offense, just a lot to learn and may as well get the growing pains out of the way before you invest any serious capital.

Some useful links:

http://www.oanda.com/
http://www.babypips.com/
http://www.investopedia.com/
More...
 
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