bluemac

Demo accounts comes with their own benefits starting from testing any brokers processes without depositing money with them to back test any strategy before implementing it to the live account.

There are many brokers like hfm contributing good webinars designed by the industry experts just for the sake of traders' education, i think these webinars might be good read too.

Taking up to 2% risk of the total capital is the industry standard however we should risk less than that and use a trade journal to review periodically and improvements. 

Essential part of the risk management and churning with the possible probabilities to lose less and win more. This is yet another skill which is required for consistently profitable forex trading.

I guess better going through some of your own research shortlisting a few brokers like hfm, xm, exness, lmfx etc and comparing them together to find out which one suits to our needs.

I see the gold and bitcoin, to my surprise they both been touching the all time highs and not sure when they get dumped making a reasonable correction.

It is good actually to wait for the market volatility to settle down initially and then looking for the setups or staying on the sidelines just watching the markets.

On 5/3/2025 at 7:27 AM, ampf said:

Anyone has this https://www.tradingtransformations.com/tradingtransformations ?

 

Thank you

We would like you to enlighten us more about what this link is intended for..? For trading transformation, i believe there are many resources out there on every google search and then there are many brokers like hfm etc which provides online webinars for free to educate the traders.

Forex is a very professional market which does not allow any trader's mistake so it is better to go and back test the strategy on a demo before implementing live.

On 5/9/2025 at 4:22 AM, usok said:

my basics remain pipsology at babypips.com, thats the best basics and its free. a good starting place for anyone that want to do forex. 

No doubt, the babypips remains a good resource for quite some time however there are many brokers like hfm etc offering free educational webinars for free.

On 5/9/2025 at 4:35 AM, usok said:

binance has been on and off here in the PH, regulations and what not, mostly political pressure, but its a good thing broker like lmfx offer crypto exchage and recently integrating their own token into the mix, they have this traderspot going on starting at 100k lmgx which is a first of its kind. im excited to see how it goes. 

This traderpot is increasing in value, i don't know how long will this promotion last! Good for the forex traders in my opinion.

Depends on how much risk we can take, scalpers and news traders usually have high risk averse and also experienced to hedge against the market therefore, new traders should instead try to avoid trading during news or high volatile market conditions. 

The real profitable traders have two things in common, one is they have focus and the second is discipline which means sticking to their plan.

There are also some digital tokens like $lmgx which can be collected at cheaper prices and can hold for future to sell it on higher prices. The point is simple that the earning money is not limited to mining only. We can trade assets on forex brokers, buy or sell the spot cypto and can buy some digital assets directly from their ico phase beside the mining operations. 

We can expect anything in this trading world especially when it comes to digital assets since the new era being revolutionized by the digital currencies and everyone now is able to transfer millions of funds from one place to another within minutes using the digital currencies in a simple manner without involving banks of other intermediaries. So in short, i guess that this might change or replace the gold too in future.

It is actually better than trading a simple demo account because it at least give you an option to win prize money beside back testing or trading the real market conditions using a demo.

Miners consume electricity and other resources too while i guess this may inefficient now however trading is more lucrative these days to make more money within no time. I also noticed that many brokers like hfm now allowing btc cfd trading.

Monetary prizes are also boost morale and helps trading with more confidence in my opinion.

Scalpers only wait for the right time to make their profits as the market moves sharply including volatility on news release. This broker allows trading during the news release.

I think it might become a rare element like diamond or gold however it is just my assumption but maybe it comes true.

The newcommers lose money because they come with a mindset of becoming rich right over the night after joining this industry. They do not cater trading as a business and treat it like casino to push buttons to make money.

I guess the forex trading is better than the binary option trading in my opinion.

I see with binance and coinbase evolution, there are many brokers like lmfx who started offering spot digital currency trading and some like hfm also offer bitcoin cfd trading too.

We need to check the broker which is regulated and also have some positive reputation in the market besides other factors.

We can buy bitcoin on the sites like binance, crypto.lmfx etc however we can trade them on many forex brokers like hfm, xm, exness, lmfx etc.