which fx brokers have the tightest spread?

Question

i am looking at this oanda site they have 1.5 pip spread for eur/usd which is great but i dont recognize them, and their margin is limited to 2%... is this a good broker? and who else compares (tight spreads)?

Answer 1

"Tight spreads" are certainly a consideration, but not the primary one. It's like "stock" brokers, they're all pretty much the same.

What you should be concentrating on are the resources that will make you money. You want the best trading platform, best executions, best help money can buy. If you can make money trading, the spreads aren't going to matter. I would gladly pay double the spread if I can make twice as much money.

Don't do this on the cheap. If you can't afford the spread, don't trade. This is typical of a novice; asking all the wrong questions.

Like any vocation, it takes hard work, lots of study, and the testing of your theories, learning what makes you tick, learning your own particular time and stress levels, and fighting the emotions of fear, greed, and loss of hope.

Most traders spend their entire time looking for the Holy Grail of indicators. Your success or failure lies within you, not some indicator, or how tight the spreads are or how cheaply it can be done.

If you have $3,000 for the trading software, PremiereTrade is a great place to start because of all of the training sessions, Message Board, Live Trader Commentary, chat rooms and the ability to actually talk to their traders. I've never seen these kinds of resources elsewhere.

You want to give yourself the best chance of success, not hog tie yourself to some cheap, limited, and disadvantaged setup. Do yourself a favor and put the odds in your favor.

http://www.premieretradeai.com/

http://www.forextv.com/FT/Video.jsp?channel=41

http://umgarticles.atspace.com/forex-trading.htm

http://www.fxstreet.com/rates-charts/usdollar-index/

http://forex.tradingcharts.com/

http://www.dailyfx.com

http://www.forexbastards.com

http://www.forex-options.com/

http://4xcampus.com/

Answer 2

Try Virgins Limited for the tightest spreds.

Answer 3

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