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Trading Forex and stocks

  • 28-10-2012 9:55am
    #1
    sephir0th
    Registered Users, Registered Users 2 Posts: 390 ✭✭


    Hi, I'm looking to get started in financial trading. I'm trying to find a Forex broker that supports the Metatrader 4/5 platform, but also would like the option to invest in stocks across US and Australian exchanges.

    1. Are there any broker out there, US or otherwise that could offer me both?
    2. Do stock brokers tend to offer trades across multiple exchanges?


Comments

  • #2
    MrMatisse
    Closed Accounts Posts: 1,743 ✭✭✭MrMatisse


    sephir0th wrote: »
    2. Do stock brokers tend to offer trades across multiple exchanges?

    If you dont know the answer to this, keep well away from Forex trading for a while. You will loose money.


  • #3
    martyoo
    Closed Accounts Posts: 872 ✭✭✭martyoo


    Hi, I'm looking to get started in financial trading. I'm trying to find a Forex broker that supports the Metatrader 4/5 platform, but also would like the option to invest in stocks across US and Australian exchanges.

    FXCM or Oanda are two.

    Don't even think about going to a live account until you are consistently profitable on a demo account

    DEMO TRADE DEMO TRADE DEMO TRADE :D


  • #4
    sephir0th
    Registered Users, Registered Users 2 Posts: 390 ✭✭sephir0th


    I agree, I'll be demo trading. I just wanted to understand my options (no pun intended). Am I correct in assuming that the majority of brokers only offer either stock OR forex? And limited to native exchanges?


  • #5
    MrMatisse
    Closed Accounts Posts: 1,743 ✭✭✭MrMatisse


    sephir0th wrote: »
    I agree, I'll be demo trading. I just wanted to understand my options (no pun intended). Am I correct in assuming that the majority of brokers only offer either stock OR forex? And limited to native exchanges?

    Irish brokers yes although you can trade stocks across exchanges.

    Sounds like Interactive brokers are who your looking for once you trade for a while.


  • #6
    sephir0th
    Registered Users, Registered Users 2 Posts: 390 ✭✭sephir0th


    MrMatisse wrote: »
    Irish brokers yes although you can trade stocks across exchanges.

    Sounds like Interactive brokers are who your looking for once you trade for a while.

    Thanks, did a bit of research there and found Interactive Brokers offer access to many exchanges.

    I think I'm going to have to use separate brokers for stocks and Forex (if I get beyond my demo).


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  • #7
    MrMatisse
    Closed Accounts Posts: 1,743 ✭✭✭MrMatisse


    sephir0th wrote: »
    Thanks, did a bit of research there and found Interactive Brokers offer access to many exchanges.

    I think I'm going to have to use separate brokers for stocks and Forex (if I get beyond my demo).

    Take it handy, use the demo for a good few months then start to get into trading.

    You seem to be taking the right approach.


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