View Full Version : What forex broker has the lowest spread, no or little fees, and won't scam you by trading against you?


forextrade19702336
05-13-2005, 06:38 PM
What forex broker has the lowest spread, no or little fees, and won't scam you by trading against you?

SandyQ7770
05-21-2005, 05:34 AM
I have been trading for over 2 years now and questions like these crop up time and again on forums and sites like these.Most brokers give spreads between 1-3pips on most majors. No one deliberately tries to get your money by trading against you though there might be few odd cases now and then.From your question it is very apparent that you are a newbie and you dont even know which are the forex brokers of good calibre available in the markets. And a newbie has no business day trading. If you cannot make money trading longer time frame, there is no doubt in my mind that you wont make it in daytrading.Hence if you are planning to trade a higher time frame, the spreads of 1-3pips is inconsequential. There are so many other ways you lose money due to bad trading habits that the spread hardly makes any difference.You need to go back to the books and get better information on how to trade better.To be a good trader, you need to change your perspective from this mentality of trying to find reasons for your failure like brokers services or the spread. The reason you will fail in trading is simply you.I hope this helps. Hope that helps

Euge
05-28-2005, 04:30 PM
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Yahoocustomercare
06-05-2005, 03:27 AM
Such a general question...ForexBastards.com has a lot of reviews submitted by traders. Recommend checking them out. Another thing to check out...FxRebates (www.FxRebates.com). They offer rebates on the spread you pay with just about every broker out there and they're partnered with about 10 brokers now. Best of luck to you...