bluemac

Anyone visited this broker's website, its seem like they have rebranded it with more option to trade and perks to avail by us in future.

Amount of risk can only be reduced if we use proper risk management in our trading.

Each trader should figure out his own trading style and then focus on building skills on such personality. For instance if scalping or short term trading suits your personality then go for it otherwise stay on long term trading strategy.

There are other factors beside forex brokers in my opinion which affect traders profitability what if we connect with one of reputed brokers but does not knew anything about trading.

On 8/7/2019 at 1:58 AM, L Moore said:

Basically we the traders in particularly the newcomers try to make money very rapidly by using high leverage and practically fall a great loss due to non-sense planning and zero risk management policy, nothing to do with high leverage at all. So, before trading with high leverage we have to know how to manage risk.    

 

We can adjust the leverage any time and some brokers like hotforex offers up to 1:400 on regular and 1:1000 on micro accounts while there are some crazy offers like 1:3000 too in the market from other brokers which seems pretty unrealistic. New traders should keep the leverage low in start coz of unawareness with the market conditions.

On 12/13/2017 at 8:12 AM, CarlosR said:

It is very important to verify that your broker is regulated and that we can dispose of our money all the time and 24/7 attention

Regulated plus reputed in my opinion because there are many bad examples in the past where even regulated brokers turned into scam and took away traders money. So better to get started with those brokers which have at least some repute in the market.

There are many other reputed brokers like hotforex, xm, exness, octa, lmfx etc which allows trading on news and scalping etc in my opinion.

We need to become that much professional so that we can manage our associated risk and make money by risking our own money, remember forex trading is not easy and inherits too many risks.

On 12/2/2017 at 6:06 PM, Natural Mess said:

Yeah, Forex is the biggest market, and it is a good place to make some good money online. But proper amount of knowledge and experience and skills to obtain success in the Forex Market.

Forex in my opinion is a very professional market which does not spare any trader's mistake so it is necessary to learn all the basic skills needed in order to earn money from forex trading.

The indicators can only help us identify the market oversold or overbought conditions however it is usually recommended to use one or two indicators to get confirmation of the market behavior. Putting too many indicators on the chart can confuse new traders in my opinion.

On 1/26/2018 at 3:31 PM, ron.kotka said:

1. Gold was once used to back up fiat currencies.

2. Gold is used to hedge against inflation.

3. The price of gold affects countries that import and export it.

4. Gold purchases tend to reduce the value of the currency used to purchase it.

5. Gold prices are often used to measure the value of a local currency, but there are exceptions.

 

I usually trade EUR or GBP and sometime look into oil as well but i think gold trading is bit riskier because it is affected by news just as the case of the situation these days.

Not sure i have heard this brokers name for the first time although this post is from long time ago so better to go with reputed brokers like hotforex, octa, xm, exness, lmfx etc rather than choosing those with no credibilty.

We should also go for a reputed broker beside being regulated because you never know when even a regulated broker turned into scam like some bad examples of the past. Not sure if those traders got their money back yet.

They can be learned with the passage of time and we can easily learn the basics using a demo account easily than any other learning resources available in my opinion.

The first part is to save money and then invest those savings into those avenues which promises good returns. Never invest to that extent which you can't afford to lose and diversify your portfolio. Moreover learn about those avenues where you want to invest.

Scalping can be usually done when the markets are in volatile conditions so better the new traders should avoid entering and exiting market for shorter time frames as it could hurt their balance if anything go against them.

I believe you can either find it in your login area by clicking on open a demo account and then select contest account.

Its really very hard recommending any broker these days however some of the reputed brokers like hotforex, octa, xm, exness, lmfx can be shortlisted for further finalizing the right broker in my opinion. Yet the traders looking for broker do some of their own proper research.

I guess almost every broker is allowing scalping however the trader should keep in mind they should not over trade or over leverage themselves as it can put them in a losing situation.

Signals can be good but they are always hard nuts to crack so can double your trouble too in the middle. Better concluding your own decisions by learning the necessary skills and by the way before posting any further comment have you checked the date of this thread..! You are bumping two years old thread right now.

I guess if you want to hold it then you can withdraw your profits into bitcoin and hold it for as long as you want.

On 5/5/2020 at 10:28 PM, L Moore said:

Actually choosing a broker is very much difficult task from all , because there are lots of trading brokers in this retail market place and most of them are found to be scams. We the traders have to choose the broker which for all time make sure secure environment for trading , actually In FX trading only real regulated trading platform for all time ensures security of funds at any deposits with a wide range of trading technologies.  

Broker selection is really becoming hard these days coz every new broker coming in each day while many winding up their operations as well. So better to do some proper research before finalizing the right broker to start.

First i think short listing a few reputed brokers and checking their reviews across the internet to further shortlist the top one in my opinion. FPA and other sites can be helpful in looking for traders insights regarding these shortlisted brokers. After that we should check the broker processes by testing them through their demo accounts. Once the right broker is finalized even then it is good to start with small deposits to further test their processes like withdrawals etc which we can't usually test through their demo accounts.

We can also use this bitcoin to fund our account as well as it can be used for processing withdrawals.

They do have a contest which is more or less similar to the contests offered by other brokers.