I propose http://www.interbankfx.com
It has micro lots, and you can begin with a low deposit.
Plus it is over the 5m capital required by the NFA.
It's platform is Metatrader 4, which I think is superb.
I propose http://www.interbankfx.com
It has micro lots, and you can begin with a low deposit.
Plus it is over the 5m capital required by the NFA.
It's platform is Metatrader 4, which I think is superb.
OANDA is the top to new traders (strong broker and let any lot dimensions )Originally Posted by ;
second choice IBFX
MT4 and OANDA graphics nice combo!
Do not know what lot size you're considering, but remember that to remain in a position you've got to have the ability to weather price swings in either way. In case the price goes against you on your euro position, that $1000 could get eaten up pretty quickly unless you're using a small lot size (which I highly recommend).Originally Posted by ;
It may very well reach 1.50, however you need to have the ability to stay in the position until it does, or get stopped out at your max loss amount (that you need to determine until you put in the transaction ).
Also, try to be unemotional if trading, or don't let your emotions dictate how you trade. Difficult to do, but if you're scared or any other intense emotion while trading, you're asking for trouble. . .just attempt to keep your cool.
Best wishes!
I've had good service from forex.com, but.... If you're starting with $1000 you may be better off with a broker that provides micro-lots.
If you're new you ought to take the free Forex course at babypips and start a demo account for some time. This will end up saving you time and money.