How to avoid being ripped off by forex brokers | Forex
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http://forextradingseminar.com Is your broker your business partner or your enemy in financial warfare How to avoid being ripped off by forex brokers http://www.youtube.com/watch?v=frlIQ4MXZPo
Comments
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Whats a good forex account, this is a business of fear, so its hard to determine what,s a good broker
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thanks for this information, it's good to know about Brokers that are ethical and do business with integrity.
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This is a really interested video. Just shows that a bit of research can benefit traders when they look for brokers.
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dukascopy is by far the best broker in this business ecn broker, swiss regulated, long time around, aims for institutional investors, great trading platform
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it's not the broker,it's the banks...they may stop already,but they give the job to the LPs
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Thanks for the insight.
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This is great video and tips ..
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Excellent video. I learned a lot today. Thanks for sharing this. :)
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whats your opinion on IG index
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@anonymouse27 Our list of recommended brokers has not been updated in a long time and we are still researching since the new changes have taken place in the U.S. It is still unclear whether U.S. citizens can trade through overseas brokers, using offshore trusts, corporations, etc. The list will be different for U.S. vs. overseas brokers. Hopefully we will have something updated soon
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@tradeartist I have signed up on the website and gained access to videos. However, I cannot find the one to do with current broker recommendations. Would you please give me the link to that? Thanks!
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@irrah77 The ECN myth is not such an issue to me. That was a marketing propaganda. I don't know what brokers to recommend until it is confirmed whether or not there are any overseas brokers that U.S. citezens can still use. Meanwhile, I recommend becoming a citizen of another country.
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@gizmobozz Chances are the problem was the trading decision did not work out but if the problem is that your charts have unique prices different from the rest of the world you should use a different broker. Right now there are many students in our community uisng FXCM and multiplying their capital without broker problems.
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@gizmobozz check to see the entry price that you entered. Then check to see the price you exited. If brokers are cheating have they caused the market to move in the wrong direction only on your charts alone? Price is documented as historical fact on all charts throughout the world. It is not possible for one broker to have a completely different price at any given time than all other brokers and banks.
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@blackberryjuice1 FX Solutions seems to be a solid company from what I hear. They are good for beginners because of their high leverage and low minimum accounts. But their interest rates are over twice as high on the negative side as the positive. I think they are not bad but prefer brokers outside U.S. FX Solutions is opening in UK I hear
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@georgemargaris Regarding Oanda, there is nothing specific about that broker. It is just personal preference and seems that they are the epitome of a mainstream retail "video game" type of broker. but many people seem to like them
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Wow. someone honest with straightforward advice in this industry. Thank you for the video and keep them coming.
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Generally if you have to ask if anyone has every heard of a company it is a good sign that they might not be the best choice for investing your capital. How many Forex brokers have gone out of business in the last 2 years? Why are people attracted to brokers that no one has ever heard of?