eToro

Let's start with our first Broker, eToro.

So... what's the hype about eToro???

1. Social Trading
2. Referral Fees 

Do you agree that most retail traders will look at the spread offered?

Next, we will look at how convenient to deposit funds into our trading account.

 
How easy/difficult is it to withdraw funds when we need them?

Order execution is also important. I can safely say that the Order execution policy seem fair enough.

Just so that we know, if there are technology glitches, we can't really do anything.

All in all, I personally would give this broker a miss because of the unnecessary withdrawal fees and the slow withdrawal process. There are several methods to deposit funds, but very inconvenient to withdraw funds. Reminds me of Online Poker sites. In fact, the spread isn't very competitive given that it is not an ECN broker. Nothing to shout about, really.
 

Dynamic Spread at Oanda!

Oanda is offering Dynamic spread! 

Guess what it means? 

Congratulations! You got it right!

It simply means WIDENING of spreads!  

Today I opened EUR/USD trades with 1.8 - 2 pips spread, up from it's typical spread of 1 - 1.1 pips.

Im gonna close my account with Oanda very soon.
 

innerFX (How I Trade)

innerFX is one of the leading authority on FX Trading. He is an independent trader, and has been trading currencies for the past 8 years. To my delight, he has written an article on how he trades the forex market. Well, that guy has been doing it full time for 8 years. He has to be good, right? 

So spend some time to read through this article at innerFX!

Good Forex Blogs Resources

With so much information on the internet these days, you don't have to pay thousands of dollars to learn about FX Trading. You will be surprised how much you can learn just reading other traders' blog. I came across a good forex blogs website a few days ago. It contains several links to Forex Blogs.

Take a look when you have the time :)

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