What are the best Forex brokers for trade the news ?

Friday, November 15, 2013 , Posted by Ryanita at 5:00 PM

forex brokers
 on How to chose a Forex Broker | Make Money in Forex & Other Investments
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Franz


I've opened an account on GFT, but when trading the news there is a huge slippage between the stop buy price I wanted & the execution price. GFT has a dealing desk.
So, what are the best forex brokers for trading the news ?
Thank you !



Answer
For accurate and reliable market tips and daily updates Finexo is the best. Many of my friends suggested me this when i was a newbie in Forex trading. Since then my dealer is providing me with the most accurate tips, market updates and charts so that i can make optimum use of these. It has fetched me 99% of returns on my investment.

Many other qualities like user friendly platform, easy forex glossary, well managed accounts, charts and economic calender have made Finexo unique.

Why do forex brokers give away money when opening an account?




aerofreak


Hi Guys,

I just opened a micro account with an online forex broker, and they give away 100% of your initial deposit when opening a micro account. I just found this suspicious and wanted to know if this is normal, and why brokers would do this?

Thanks in advance!
Would this mean that i have to pay back these US$300, or are they "mine" and i pay them back through the spreads by trading?



Answer
Because they know they're going to get it back. Same reason why casinos give away free hotel rooms, flights, etc.

When I say get it back, I don't necessarily mean you're going to lose all your money. Forex is high frequency trading, and even if you're successful in your trading they'll make their money back on the spreads.




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