Sign up ×
Personal Finance & Money Stack Exchange is a question and answer site for people who want to be financially literate. It's 100% free, no registration required.

I'm quite experienced with stock markets (mostly NYSE and NASDAQ in fact), over 85% of my wealth comes from it. In 2012 I would like to try the foreign exchange market, can you suggest any reliable forex broker?

share|improve this question

closed as primarily opinion-based by JoeTaxpayer Dec 25 '14 at 13:42

Many good questions generate some degree of opinion based on expert experience, but answers to this question will tend to be almost entirely based on opinions, rather than facts, references, or specific expertise.If this question can be reworded to fit the rules in the help center, please edit the question.

have you considered sticking to currency ETFs and ETF options? its a very similar amount of leverage this way, just without the 24/5.5 trading capabilities –  CQM Dec 25 '11 at 23:17
That's a good idea. I will look after what my current brokerage can offer. –  David123 Dec 26 '11 at 12:03
Remember that a million isn't what it used to be. I'm assuming I'm going to want $1.8M, not including the house, before I even consider retiring. –  keshlam Dec 25 '14 at 5:46

2 Answers 2 is a very respectable broker. They don't offer ridiculous leverage options of 200 to 1 that prove the downfall of people starting out in Forex. When I used them a few years back, they had good customer service and some nice charting tools.

share|improve this answer

With your experience, I think you'd agree that trading over a standardized, regulated exchange is much more practical with the amount of capital you plan to trade with. That said, I'd highly advise you to consider FX futures at CME, cause spot forex at the bucket shops will give you a ton of avoidable operational risks.

share|improve this answer

Not the answer you're looking for? Browse other questions tagged or ask your own question.