LandOfCash Forex expert advisors, Trailing EA, Indicators.

Forex Trading Expert Advisors (EA or automated trading system) and Custom Indicators (CI) for MetaTrader Platform.

LOCTrailing With Partial Close Expert Advisor protect your orders profit. Trail stop level for manual and automatic orders with different algorithms, move stop loss into breakeven.

LOCInfo Custom Indicator follow the simple rules and make the right decision when to buy or sell. View Moving Average, Stochastic indicators from multiple time frames in one place.

danielsmith
  • Posts: 12
  • Joined: 09/02/2016
Trading in the forex market sounds easy and attractive as it can give you more money in less time, but it is not as simple as it seems. There is no short cut to earn some money. You need to be strategic and experienced to execute the trade. If you are novice and want to trade in the forex, then you must follow some rules and guidelines in order to execute trades. And you need a forex broker who can execute trades on behalf of you.

The forex broker is the mediator between the foreign exchange market and the trader. They trade on behalf of the trader and get an amount from the profit of the trader. Before choosing a broker, one must look for some qualities in them. Some of the qualities of a good forex broker are discussed by easymarkets.com  in this article.

1. You can check the spreads of the broker against other brokers. If s/he is offering you a lower spread, it is better for you, as it costs less to trade.
2. Check if the broker you want to choose is registered with regulating authorities or not. If the broker is based in the US, they should be registered members of the National Future Association (NFA), and if they are based in the UK, they must be registered with the FSA or Financial Service Authority. If you see that your broker is registered with any of these or any other association, then go ahead. Otherwise, just move on.
3. Check the minimum lot size of the broker. There are some brokers who don’t let you trade under one lot. Just stay away from those brokers. You need to have a complete control over your money management.
4. Check if their trading platform is easy to use. This is a vital fact that you should check. A trading platform is the platform where you execute trades, check your account balance, change trades, get reports of the trades and get in or out of the positions. So make sure that the platform you are offered is user-friendly. A good broker with a poor trading platform or a good trading platform with a poor broker can lead your money towards a great loss. Hence, ask your broker if s/he is offering you a platform that is client-friendly or not. A client-friendly account also includes spreads and leverages.
5. If a forex broker has a good financial backup, you can be assured that he will not be a fraud, and the brokerage firm will not be insolvent all of a sudden. Financial backup actually gives you the proof that the firm is authentic.
Mick Maloney
  • Posts: 16
  • Joined: 16/01/2016
Yeah, it’s no doubt that we got to be very wise when it comes to selection of broker since that’s where we gain extra yard of comfort and is what will help us go long way as far achieving success goes. I am quite lucky to be with broker like OctaFX, as they are special by all means and that’s especially through mighty conditions amongst which is my favorite their spread which starts from just 0.1 pips while there are no hidden charges or commission to trouble me.
Mick Maloney
  • Posts: 16
  • Joined: 16/01/2016
Yes, it’s absolutely vital that we go with right selection of broker since it makes obvious difference and helps with working. I am currently trading with OctaFX broker where I get complete support using their high class features with small spread starting from lowest point at 0.1 pips while there is also cTrader platform, it’s especially develop for ECN trading and there are no issues over slippage, re quote or any sort of manipulation, so that really helps me with working.
Elijah Sebastian
  • Posts: 32
  • Joined: 25/10/2016
Absolutely, it’s must to be clever with selection of broker since every broker say they are the best, but reality is really different and worst part is that reality is really ugly too! So, it’s vital we use our brains instead of going blindly with any broker just for sake of some features. I trade with world’s number one broker, at present and that’s OctaFX. I feel extra special been with such a highly recognized and reputed company servicing in over 170 countries, so trading with them is absolutely pleasure and they have gem of an offer having 50% bonus on deposit which is use able, so that’s why I am able to work with real ease and comfort in every situation.
ethanolmos
  • Posts: 2
  • Joined: 24/08/2017
I just can't pass by the conversation about best broker without recommending AMAZING platform. It has all the stuff to enjoy trading(all of those are mentioned above) and the thing which attracted me the most namely Brokers with low spread . Check this out if you also interested in it.
queenaurora
  • Posts: 203
  • Joined: 23/01/2021
Agree, because if we choose the wrong broker, our money will be difficult to withdraw when it becomes a scam broker.
queenaurora
  • Posts: 203
  • Joined: 23/01/2021
Absolutely, choosing the right foreign exchange broker is crucial. It's essential to do your research, consider your trading goals and preferences, and look for a broker with a solid reputation, competitive spreads, a user-friendly platform, and excellent customer support. Being wise in your choice can make a significant difference in your trading experience and outcomes. FreshForex is my preferred broker.
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