I had an emergency and couldn't trade for several months. When I got back the money was gone and the account was closed. I called customer service and they told me I had to apply again to open a new account even though IB had all my personal information and needed documents already. Of course, I didn't want to apply again and switched to a different broker.
Help for the Canadian Guy!
- Thread starter BIG T Trader
- Start date
I had an emergency and couldn't trade for several months. When I got back the money was gone and the account was closed. I called customer service and they told me I had to apply again to open a new account even though IB had all my personal information and needed documents already. Of course, I didn't want to apply again and switched to a different broker.
Why is it someone needs to say they're "successful" in their 1st post? And 85% successful to boot, on a part-time basis! Man, that's impressive!
Going to Forex? No problemo! It's a walk in the park. Hugs and kisses from all those other forex traders welcoming you.
Going to Forex? No problemo! It's a walk in the park. Hugs and kisses from all those other forex traders welcoming you.
Quote from BIG T Trader:
First post - doing my due diligence here.
I am a successful Stock Trader who is looking to get into FOREX trading. My day job has recently prevented me from Trading during the day so I am looking to trade FOREX at night to complete my exodus from employment.
So far based on my testing - it appears my 85% success rate in Stocks could just as easily be carried into FOREX.
However, the Broker is everything. The best trading system will fail if execution and shady practices prevail.
My trading strategy requires the ability to place stop losses as well as Contingent orders- One Cancels Other orders. Execution on these two types of orders is the most important thing to me. I am not concerned about PIP spread or commission based Brokers.
Here is Canada I found 2 Brokers during my search - Refco Canada (not enthused about going with them) and Questrade (which actually uses Forex.com's platform - Gain Capital).
2 QUESTIONS:
- Can anyone list me all the Brokers who are not also the Market Makers of the orders you enter? I am trying to avoid my broker triggering my own stops.
- Anyone who has/have had a Forex.com (Gain Capital) account - what has been your experience on execution, stop losses, max trade amount, etc?
All feeback welcome!
Most people walk right by homeless beggars. I had a friend whose brother became a jobless homeless drug addict. He developed a scam for begging, which was much more successful than straightforward begging. He came from a middle-class home, and so he did have a reasonably OK suit of clothing with a tie. He would wear it, begging in the NY financial district, pretending to be a wealthy individual who left his wallet in a taxicab, so that he has no resources by which to get home to New Jersey. He was able to collect a lot more money, using this pretense, than he could be representing himself honestly. He approached one of his own relatives with this scam, at first not realizing who it was, and then, only realized who it was after he delivered his sales pitch seeking money. He looked surprised and embarassed, and immediately turned around and rapidly walked away.
This is because people tend to identify with people who appear to be like themselves, and to shun those who appear to be different.
People who say they are successful traders perhaps feel this increases their chances of getting something from others.
If my 85% success comment offended some of you...I am sorry.
My point was that I am successful in the stock market but unfortunately I cannot continue trading there due to my day job - the irony is that I work for a Bank. If I could keep trading during the 9 to 5 EST time - I would because obviously there is a lot of deceit in the FOREX market.
I am trying to get as much info as I can about the Forex brokers, so that I do not lose my hard earned profits from Stocks. Obviously I will have to start out with 10 to 1 margin instead of 50 to 100 or 200 to 1, just in case I get hosed by fraud - but I am trying to find out now before I learn the hard way later.
My point was that I am successful in the stock market but unfortunately I cannot continue trading there due to my day job - the irony is that I work for a Bank. If I could keep trading during the 9 to 5 EST time - I would because obviously there is a lot of deceit in the FOREX market.
I am trying to get as much info as I can about the Forex brokers, so that I do not lose my hard earned profits from Stocks. Obviously I will have to start out with 10 to 1 margin instead of 50 to 100 or 200 to 1, just in case I get hosed by fraud - but I am trying to find out now before I learn the hard way later.
I don't think anybody was offended.
Getting off topic...
I am sorry I even mentioned it.
My 85% success rate is over 2 years and over many trades. I take a loss about 3 to 4 trades every 20 trades - or 1 or 2 every 10. It is no worse than 80%.
NOW BACK TO THE TOPIC AT HAND....please.
- Which Broker do you recommend and why?
- Which Brokers do you not recommend and why?
I am sorry I even mentioned it.
My 85% success rate is over 2 years and over many trades. I take a loss about 3 to 4 trades every 20 trades - or 1 or 2 every 10. It is no worse than 80%.
NOW BACK TO THE TOPIC AT HAND....please.
- Which Broker do you recommend and why?
- Which Brokers do you not recommend and why?
I found this Forex Broker rating site.
http://www.goforex.net/forex-broker-ratings.htm
Your comments are welcome!
http://www.goforex.net/forex-broker-ratings.htm
Your comments are welcome!