The right broker (part II)

People who know betfair (world's largest Internet betting exchange) might have heard of tradefair as well. But  tradefair  will very likely never ever reach the popularity of betfair and that for different reasons.


Tradefair offers a very generous bonus: 100 EUR respectively GBP depending of your country of origin. The bonus is really easy to get, the costumer service is fast and usually in different languages, the spreads are really fair and the rollover does not hurt that much. 


But the trading software... You are not able to trade with less than a standard lot (100'000), which means that you will need a great capital stock. If you start with 1'000 EUR seed money opening just one position with stop-loss of 100 pips, that will  put on risk 10% of your funds. 10% - there is no strategy with 10% value at risk for one position.

Besides that, the software of tradefair reminds me very much of a roulette table in a online casion. The software seems to be made for gambling: all these colours (a pink button for going "short" and a violet button for going "long") makes me feel not being taken seriously. Trading is much about making precise analysis and not pressing a button A or B like a monkey. But somehow that is exactly what this software wants me to do: to gamble. In deed, the software has it's indicators and trading tools, but that what it offers is not enough for professional or semi-professional traders as well as for people who have that entitlement.


to be continued...


see also The right forex broker part I