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anyone no anything about ->http://www.forex-day-trading.com?

http://www.forex-day-trading.com are they an ok company to go with? aka a legitimate broker for forex trading? Any recommendations on brokers and why ?

There is enough risk inherent in forex trading without having to worry whether your broker is going to rip you off. The first step to take when choosing a broker is to check whether they are regulated. In the US this should be with both the NFA and CFTC. In the UK the FSA. Second is whether your money is protected. Fortunately, the regulations concerning this have recently changed. As from 21st December 2007 the NFA (National Futures Association) requirements concerning minimum capital came into effect and already four brokers have failed to meet the new criteria.

Briefly the new rules stipulate that brokers must have a minimum capitalization of $5m plus a percentage to cover client funds.

If your broker meets these two requirements the next question is whether your broker is an ECN or FCM dealing broker – ie will his dealing desk be playing against you? This will matter if you want to include scalping as part of your trading strategy.

This is just the beginning of your quest to find a broker which best suits you and the resource list below should help you find the answers you will need.

Good luck.

Day Trading Forex – Intraday Candlestick Patterns

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