And now it's more easier than ever to find out about a broker, so we can't say we were being misled by any. Just make sure of what you are going for before you choose. Also Forexchief is a good choice since you mentioned it.
I want to ask this question; is it okay to use two brokers? I want to open an account with another broker and fully fund it and try a different strategy. I read about Forexchief here and all reviews seems good. So am thinking of funding an account with them.
You never overemphasis the importance of choosing a broker anymore than you can with being deceived in the process of doing so. We should not allow make the decision for us, we should do it ourselves and we'll be sure we chosen well.
I wanted to ask quickly, would it be proper to switch brokers when the first is not doing well? What do you guys think?
Am sure can switch brokers, there is no law binding one broker to a trader. If you know things ain't going right make the switch without delay.
But most times, it's just a misunderstanding that can easily be resolved that's causing the problem many traders have with their broker. So switching brokers might not really do much or change a thing.
It's not bad to switch if the problem persist and it's unattended to. But I feel we can avoid most of these problems from the beginning if we take the time to go thorough the terms and conditions of the broker(s) we have in mind.
Don't you think there might still be more to come that we will not see on their terms, I mean they won't be so dumb to put everything there, would they?
I don't think so, everything is spelled out there. Unless they want to go against the rule of the market, anyways we should be careful from the beginning while choosing a broker.
Brokers tend to go through periods when they outperform and underperform the market - they cant get it right all of the time. As long as those swings above and below the general market are not too huge then there may still be long term potential to make some money. Its all down to how much risk they are prepared to take when advising clients. If you go for a high risk/high reward strategy then you have to accept greater volatility in my mind.
