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How to choose a regulated forex broker?
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AdrianG001

Member Since Apr 02, 2018  5 posts AdrianG001 Mar 27 at 06:31
sgtmarkets posted:
Best 7 Easy Peasy Online Trading Tips:

1. Pick a currency pair
 
Choose which currency pair you wish to trade. With more than 65 currency pairs to browse, picking a trading opportunity to believe it or not for you is essential.
 
We prescribe that you set aside your opportunity to comprehend the measure of price instability related to the currency pair to help deal with your risk.

2. Settle on the sort of FX trade
 
In spread wagering, you trade pounds per point development
 
In CFD trading you trade various CFDs in the unit of the construct (currency in light of the left). For instance, on the off chance that you trade GBP/USD your stake would be in Pounds, while in USD/JPY your stake would be in US Dollars
 
In Forex trading you purchase parts, in the unit of the construct (currency in light of the left)
 
For instance, on the off chance that you trade GBP/USD your stake would be in Pounds, while in USD/JPY your stake would be in US Dollars (the base stake size is 1000)

3. Choose to purchase or offer
 
When you have picked a market, you have to know the present price it is trading at, which you can do by raising a request ticket in the stage. All forex is cited as far as one currency versus another. Every currency pair has a 'base' currency and a 'quote' currency. The construct currency is the currency in light of the left of the currency pair and the statement currency is on the right. Put just, when trading foreign monetary standards, you would:
 
Purchase a currency pair in the event that you trusted that the base currency will fortify against the statement currency, or the statement currency will debilitate against the base currency.


4. Including orders
 
A request is a guidance to naturally trade at a point later on when prices achieve a particular level foreordained by you. You can use stop and confine requests to help guarantee that you secure any profits and limit your risk when your individual profit or loss risk targets are come to.
 
While not necessary, given the unpredictability in FX markets utilizing and understanding risk administration instruments, for example, stop-loss orders are basic.
 
A stop-loss arrange is a guidance to finish off a trade at a price more terrible than the present market level and, as the name recommends, is utilized to help limit losses. There are two kinds of stop-loss orders - standard and ensured.


5. Screen and close your trade
 
When open, your trade's profit and loss will now vary with each move in the market price.
 
You can track market prices, see your undiscovered profit/loss refresh progressively, join requests to open positions and include new trades or close existing trades from your PC or application on your cell phone and tablet.

6. Shutting your trade
 
When you are prepared to close your trade, you basically need to do the inverse to the opening trade. Assuming you purchased 3 CFDs to open, you would offer 3 CFDs to close. By shutting the trade, your net open profit and loss will be acknowledged and promptly reflected in your record money balance.
 
7. Forex trading precedents
 
Deliberately glance through the Forex trading precedents here to guarantee you see how Forex trading functions.



So far i have tried TD Ameritrade FX and IG. I`m not sure about FOREX.com if anyone has experience with it i would like to know.

Regards,
Adrian Gates

JesusSaves

Member Since Mar 14, 2019  8 posts JesusSaves Mar 27 at 11:47
I have used Forex.com ,I thought they were perfectly fine. Spreads a little high sometimes but other than that they were a standard broker. I did not have any problems

edisoho

Member Since Nov 11, 2018  9 posts edisoho Mar 28 at 07:41
I am using pepperstone and gomarket, good support, recommended

AniLorak

Member Since Apr 18, 2017  698 posts AniLorak Mar 28 at 12:19
edisoho posted:
I am using pepperstone and gomarket, good support, recommended


How many years you have been using this Forex broker? In addition, are you a scalper?

Treeny

Member Since Feb 08, 2019  80 posts Treeny Apr 14 at 08:44
Not so sure about Pepperstone these days....

Korich

Member Since Apr 01, 2019  10 posts Korich Apr 15 at 10:34
Treeny posted:
Not so sure about Pepperstone these days....


Why are you not so sure about pepperstone these days? I use to use them and thought that they were very good. Are they not so good anymore?

failuresfx

Member Since Oct 09, 2018  16 posts failuresfx Apr 16 at 05:11
I use pepperstone and they are fine.

darisa

Member Since Mar 13, 2019  20 posts Darisa (darisa) Apr 17 at 05:44
Brokers from AU offer good conditions for trading and leverage 1:500grin

Skowlessar

Member Since Dec 28, 2018  1 posts Skowlessar Apr 17 at 06:27
To be honest with you I don't use a broker I use a AI robot that trades for me and I average around 15 to 20% per month profit I've been training since January 16th and has not lost yet

Adribaasmet

Member Since Aug 27, 2017  645 posts Adribaasmet Apr 17 at 09:51
Skowlessar posted:
To be honest with you I don't use a broker I use a AI robot that trades for me and I average around 15 to 20% per month profit I've been training since January 16th and has not lost yet


Where do you use your trading EA? I don’t think, it’s an available option to the retail traders (trading without FX brokers).

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HIGH RISK WARNING: Foreign exchange trading carries a high level of risk that may not be suitable for all investors. Leverage creates additional risk and loss exposure. Before you decide to trade foreign exchange, carefully consider your investment objectives, experience level, and risk tolerance. You could lose some or all of your initial investment; do not invest money that you cannot afford to lose. Educate yourself on the risks associated with foreign exchange trading, and seek advice from an independent financial or tax advisor if you have any questions. Any data and information is provided 'as is' solely for informational purposes, and is not intended for trading purposes or advice. Past performance is not indicative of future results.