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I Resigned From A Forex Brokerage Firm; Falsehood Of Some Brokers - Business (3) - Nairaland

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Re: I Resigned From A Forex Brokerage Firm; Falsehood Of Some Brokers by cdoffx(m): 7:08pm On Jan 25, 2012
hi edujoy
please i want to know how one can get a job with a forex broker especially now that some have offices in Nigeria
Re: I Resigned From A Forex Brokerage Firm; Falsehood Of Some Brokers by edujoy(m): 10:57am On Feb 05, 2012
;d
Re: I Resigned From A Forex Brokerage Firm; Falsehood Of Some Brokers by edujoy(m): 10:59am On Feb 05, 2012
cdoffx:

hi edujoy
please i want to know how one can get a job with a forex broker especially now that some have offices in Nigeria

They advertise when they need staff, just like other companies in various other sectors.

goodluck
Re: I Resigned From A Forex Brokerage Firm; Falsehood Of Some Brokers by nolly042(m): 10:17am On Feb 07, 2012
edujoy:

They advertise when they need staff, just like other companies in various other sectors.

goodluck
edujoy pls i need ur help. ur trailer machine pls can i have it? pls if yes this is my id ndwalkins@gmail.com
Re: I Resigned From A Forex Brokerage Firm; Falsehood Of Some Brokers by edujoy(m): 8:16pm On Feb 07, 2012
Choosing Your Forex Broker… Important Facts


The best advice I can give to you is to conduct yourself like a boss interviewing a potential employee. This employee will be making major decision on your financial future (or lack there of) and therefore it is of most importance that you ask the right questions. This decision cannot be taken lightly as must be well thought out. I would interview (more like grill) at least 5 potential Brokers before picking the final two. When choosing a forex broker there are many factors to take into account. — Trust — Experience — References from past clients — Level of success — Amount of advice to be given — Convenience — Amount of margin offered — Speed All of the above are of course important. In any financial transaction it is important to trust the broker you work with. This trust is garnered by the experience level the broker has. Of course there are some new brokers starting out who are quite trustworthy, but most people would rather work with an experienced broker. For that reason most new brokers attach themselves to a firm where they can be mentored and gain experience. References from past clients are important. If your broker has helped someone else is successful in the past and that person is willing to speak up for him that says a lot. You can gage the level of success your broker has had by speaking with past clients and seeing how well they did working with this broker. Next, take a look at the amount of advice your broker is willing to give you. Of course, you make your own decisions and will never take another person’s word for everything, but it is good to have knowledge to work with, and advice from an experienced broker is key information to factor in. Convenience is also impotent. If you live in California then an Ohio broker might not be the best choice. But in the age of the internet that factor has become less relevant. With fax and email where you and your broker live has become less important. The amount of margin offered is important. Margin is used to leverage your money. A broker who gives you a 50 to one margin is more valuable than one who gives you 20 to one. And of course speed. Is your broker quick? Does he return phone calls and emails promptly? If so, perhaps you can work with him. Your broker will b a trusted advisor and someone that you may be working with for years to come so choose the relationship carefully. Ask friends and acquaintances who are active in forex trading what broker they use and how they met. It is quite possible that you can get a referral from a friend or acquaintance you trust and acquire a good forex broker that way. Another good way to find a forex broker is to go online. There are message forums, chat rooms, and email groups through portals like Yahoo, Google and MSN that contain a wealth of information. Getting onto one of these online communities and asking other people for advice is the way that many people found their broker. If a broker has several clients in an online community who are happy with what he has accomplished for them, then that is a good indication that you might be happy with him as well. Take advantage of the number of people who are on the internet and join some of these online communities. Ask question and you’ll probably learn a great deal from the experiences that other people have had. Also find trade journals, magazines and ezines to subscribe to. Read as much as you can about the subject of forex trading before going into it. Become a smart shopper and smarter trader. Finding a good forex broker is a job in itself. When you visit with a forex broker you are in essence conducting an employment interview to determine if this is the broker you wish to handle your financial affairs, so be thorough. Ask plenty of questions. Ask for references. Don’t be shy. Also check with other people in the office of the broker and see if you would trust them to fill in for your broker if he were not available. And, see if the broker is willing to offer you a demo account to use to get in some practice before you actually make an investment. If the broker is able to do so and encourages you then it means that the broker wants educated clients and is not just out for the quick buck. See what kind of training and tutoring the broker is willing to offer. A good broker will offer to answer your questions and help you through the learning process.

by

David Mclauchlan
Re: I Resigned From A Forex Brokerage Firm; Falsehood Of Some Brokers by edujoy(m): 8:19pm On Feb 07, 2012
nolly042:

edujoy pls i need ur help. ur trailer machine pls can i have it? pls if yes this is my id ndwalkins@gmail.com

Which trailer machine? pls clearify
Re: I Resigned From A Forex Brokerage Firm; Falsehood Of Some Brokers by edujoy(m): 11:55am On Feb 08, 2012
grin grin

Today is a great day
Re: I Resigned From A Forex Brokerage Firm; Falsehood Of Some Brokers by edujoy(m): 4:25pm On Feb 09, 2012
A few more pips up and EU will come down crashing
Re: I Resigned From A Forex Brokerage Firm; Falsehood Of Some Brokers by Satama(m): 6:13pm On Feb 10, 2012
Edujoy,
There is no better way to learn than to teach. No man is so learned but he may be taught; neither is any one so illiterate but he may teach. If you have forgotten how to be a child you cannot teach children. First let a man teach himself, and then he will be taught by others. The beginning of knowledge is the discovery of something we do not understand. If you have knowledge, let others light their candles in it. Please, i would like you to train me on our to trade on forex market. Your kind support is highly appreciated.
Re: I Resigned From A Forex Brokerage Firm; Falsehood Of Some Brokers by rozayx5(m): 1:02pm On Apr 17, 2012
hello i have been trying to post charts from my system on nairaland
can u tell me how u did this becos whenever i try to upload it jsut cleans the file away
\
edujoy: I first heard about forex trading in 2005, but I started learning the forex market in 2006. In 2007 I lost $1000 in 3 minutes. I made my first profit withdrawal in 2009; that was the year I believed that forex trading is real.

I joined a forex broker that established an office in Nigeria (name withheld) in 2010; my experience with the firm will shock you. I resigned in March 2011.

My advise to traders, "PLEASE LOOK BEFORE YOU LEAP". Choose your broker wisely.

Some FOREX brokerage tricks -

I will share with you some of the tricks greedy brokers use-
1. Enlargement of spread during high impact economic news
2. Enlargement/removal of trailing stops during high economic release
3. Fake/non-transparent data feed
4. Internal trading / witch hunting

I have a very long list. The truth is that a lot of brokers out there are scam, make sure you do your background  checks properly before you trust them with your hard earned CASH.

Wish you well in your trading. 

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