Jan

What is the best place to trade the forex?

Posted by admin under Investing

Gavin C asked:

I am curious that with the spread and all incentives, what platform/site/company is the best bet for investing your money in the forex?

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3 Responses to “What is the best place to trade the forex?”

Onceuponatime Says:
January 25th, 2008 at 12:46 am
There are so many, try and
vika Says:
January 25th, 2008 at 9:52 am
i like this one. EUR\USD only 3 points spread
turbomitsu97m Says:
January 25th, 2008 at 4:15 pm
After trying about 4 different trading platforms, I think OANDA.COM is the best. The leverage is low (50:1) but their spreads change and follow closely what the true market is doing better than anyone. You can also trade as little as one dollar or
up to 10 million dollars.

Here is a statement from the OANDA web site that I find interesting:

Except for residual amounts, we fully hedge our clients’ positions. All the time. So there is no conflict of interest. We benefit most when our clients are profitable and we have nothing to gain when they are unprofitable.

Through various chat rooms and message boards I have found that OANDA has a widely known reputation for being fair and honest and no, I dont work for them or have any ties to them other than using them for trading.