Newbie
- Thread starter 58tiger
- Start date
Hey, we dont have any preference, Galileo works with all kinds of broker. However, here are some tips for you:
- select a broker that provides you less spread you can make more profit that way
- select a broker that meets your commission budgets
- select a broker that provides low latency in your region
I hope this helps, Thanks.
Happy Trading with Galileo!
- select a broker that provides you less spread you can make more profit that way
- select a broker that meets your commission budgets
- select a broker that provides low latency in your region
I hope this helps, Thanks.
Happy Trading with Galileo!
The Common Sense Investor
Member
Good advice I guess. But, I would add one thing to consider when choosing a broker. If you are beginning with a small account (less than $2000), then you should consider a spread only account.
In a spread only account, the spread is the commission which is PENNIES. Whereas with a commission account you can pay up to $7 per trade!
I watched one person on YouTube test Galileo out for 30 days and concluded it wasn't worth the money. Galileo was making consistent wins but she kept making losses instead of profits. Her problem was easy to spot. She would make $5 on the trade but paid $7 commission. So she was loosing $2 every trade rather she won or not.
So my advice would be, consider your beginning balance when considering rather to go with a spread only account or commissions account.
In a spread only account, the spread is the commission which is PENNIES. Whereas with a commission account you can pay up to $7 per trade!
I watched one person on YouTube test Galileo out for 30 days and concluded it wasn't worth the money. Galileo was making consistent wins but she kept making losses instead of profits. Her problem was easy to spot. She would make $5 on the trade but paid $7 commission. So she was loosing $2 every trade rather she won or not.
So my advice would be, consider your beginning balance when considering rather to go with a spread only account or commissions account.
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