Re: Honje's collection of indicators, strategies and trading journals

526
honje19960321 wrote: Wed Oct 05, 2022 12:10 pm I am now looking for the right forex broker. Low starting deposit, low spread, no fees, high leverage. Hope to find. I will open an account now

If you don't feel comfortable answering you don't have to, but what country are you in?

A lot of brokers have very specific restrictions that forbid traders within select countries from trading with them. Most notably USA, Canada, Iran, and North Korea come to mind as the four most "banned" countries.

I could list off other factors that matter, such as what instruments you do/don't want to trade, but your current residence would be a good start.
These users thanked the author TransparentTrader for the post (total 2):
Chickenspicy, Jedidiah

Re: Honje's collection of indicators, strategies and trading journals

527
TransparentTrader wrote: Wed Oct 05, 2022 12:38 pm If you don't feel comfortable answering you don't have to, but what country are you in?

A lot of brokers have very specific restrictions that forbid traders within select countries from trading with them. Most notably USA, Canada, Iran, and North Korea come to mind as the four most "banned" countries.

I could list off other factors that matter, such as what instruments you do/don't want to trade, but your current residence would be a good start.
I live in Japan, if you know anything and have any good advice please let me know
glad to hear from you
sincere regards
honje
Do not show pity: life for life, eye for eye, tooth for tooth, hand for hand, and foot for foot.
Deuteronomy 19:21

Re: Honje's collection of indicators, strategies and trading journals

528
honje19960321 wrote: Wed Oct 05, 2022 2:08 pm I live in Japan, if you know anything and have any good advice please let me know
glad to hear from you
sincere regards
honje

Ok, Japan is a good country. I think the overwhelming majority of offshore brokers will accept traders from your residence.

I guess the next questions I would ask are the following:

  • What exactly do you mean by "high leverage"? Is 1:100 acceptable to you, or will you refuse to take anything less than 1:200?
  • What's the minimum starting deposit you're looking for? Keep in mind that within the same broker, some of the trading accounts with better conditions require a higher minimum deposit
  • What instruments are you specifically looking to trade? While some MT4 brokers are great all-around for every instrument, some are better for non-forex instruments than forex instruments and vice-versa.
  • Do you care about how you deposit money? Do you prefer a wire transfer or credit card deposit over using cryptocurrencies?

Not the world's most comprehensive list but it will be more than enough for me to make some recommendations.
These users thanked the author TransparentTrader for the post (total 2):
Jedidiah, Chickenspicy

Re: Honje's collection of indicators, strategies and trading journals

530
TransparentTrader wrote: Wed Oct 05, 2022 2:24 pm Ok, Japan is a good country. I think the overwhelming majority of offshore brokers will accept traders from your residence.

I guess the next questions I would ask are the following:

  • What exactly do you mean by "high leverage"? Is 1:100 acceptable to you, or will you refuse to take anything less than 1:200?
  • What's the minimum starting deposit you're looking for? Keep in mind that within the same broker, some of the trading accounts with better conditions require a higher minimum deposit
  • What instruments are you specifically looking to trade? While some MT4 brokers are great all-around for every instrument, some are better for non-forex instruments than forex instruments and vice-versa.
  • Do you care about how you deposit money? Do you prefer a wire transfer or credit card deposit over using cryptocurrencies?

Not the world's most comprehensive list but it will be more than enough for me to make some recommendations.
I need to find a leverage of 1:500 with a spread as close as possible to 0 to 0.3. I'm still comparing the pros and cons of brokers
These users thanked the author Jedidiah for the post (total 2):
TransparentTrader, Chickenspicy
Do not show pity: life for life, eye for eye, tooth for tooth, hand for hand, and foot for foot.
Deuteronomy 19:21