bluemac

On 5/2/2024 at 9:20 AM, Caoln said:

Forex brokers are almost all market makers

I can't say that every broker is a market maker which trade against us however they provide us with all the required technology needed for initiating trades and make money so it is up to us to verify the broker and test them before depositing any money with them. This can be easily done downloading their demo account for testing the processes since demo accounts are given for free by the brokers.

I believe there are many regulated and reputed brokers like hfm, xm, exness, lmfx, octa etc which can be shortlisted to find out which broker is best suited to our trading needs. The only thing is doing some research on your part before choosing the right broker in my opinion.

I don't know what was the past for this coin in later years but now we can see this coin trading above the 100k mark and maybe reach to anothe all time high in my opinion. 

On 1/7/2018 at 11:36 AM, binaryowner said:

I would like to know if anybody tried to play in Hotforex demo trading race? Tell me about your experience please

Which contests they have been running so far.. As far as i know was the demo to virtual contest.

Almost they or any other broker in the market have competitive spreads these days because of the high competition and the brokers also have to manage their repute.

On 2/8/2022 at 9:23 AM, hhduy said:

 

I am trading on Binance, do you?

This broker has also started offering spot crypto trading likewise which is a good start in my opinion.

I mean that the forex brokers can add our trading success since they provides access to initiate trading however there are some other factors like risk management, how and when to exit the trades also count in earning profits from forex trading. The traders should take time learning the required skills which helps them make money and sustain the wealth earned from trading. This takes time to develop these skills in my opinion.

I have been trading for a long while and i can say that it is really becoming hard to recommend a broker these days since many joining the industry and some leaving also. It is better to shortlist some brokers which are reputed and then do some thorough research before finalizing any broker which suits our needs. 

On 4/10/2020 at 9:46 AM, usok said:

the 2% rule of thumb has been around for like forever, and best applicable for large accounts, but if u have a decent small or mid sized one, i guess streching it to 5% is not a bad idea but only if the success probability is higher than usual if that makes any sense, 

I think that the new traders should not risk more than 1% of their capital in start. Even the experienced traders doesn't risk more than 2 or 2.5% which is the industry standard in my opinion.

Its depend on our preference if we need to take direct entry in the market at the current market price then we can use market executions and if we wait for the price to drop at certain price level then we can add limit orders.

Brokers alone does not contribute toward trader earnings since the traders have to learn the necessary skills too in order to make money out of the marketplace. Some new traders join the industry with no prior knowledge and ends up losing money blaming their broker.  

It is really difficult to come up with a proper trade management plan and then stick to it.

When we want to make profits from forex trading then we have to learn the necessary skills required for earning money.

In my opinion regulations matters but most importantly we should prefer trading with those broker which have some repute in the market.

We should not take risks to that extent which we can't afford to lose so cut the loses earlier before they become too big.

The more efforts we put in learning the more experience we gain and manage our risks more effectively.

There are some other reputed brokers like hotforex, exness, octa, xm, lmfx etc which are also among those who are serving for around 10 years in service.

The new traders should stick with the demo first and learn how the market works before investing their live funds.

Learning is the first step for any new startup so first learn and do not rush into making money as you will make more money after learning.

Higher leverages always claim high damages too if you aren't aware of the market conditions so keep the leverage low in start and adjust over time provided you learn how to use it.

There are many brokers like hotforex, xm, exness, octa, lmfx etc which allows news trading as well as other modes of trading in my opinion.

The major pairs like EURUSD or GBPUSD comes up with competitive spreads in my opinion.

Brokers like hotforex offers leverage up to 1:1000 on their micro accounts and 1:400 on the regular ones. New traders being unaware of the market conditions should keep the leverage low in start as higher leverage can claim higher damages too.

The brokers have to offer competitive services in order to stay in the market in my opinion like tight spreads, quick deposits/withdrawal etc.

Few reputed brokers like hotforex, octa, xm, lmfx etc even allow trading with small funds as low as 50usd in my opinion however do some research before chosing your broker.