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Read This Before Investing.
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Kazile

Member Since Apr 25, 2020  76 posts Kazile May 19 at 07:43
The information is really very interesting for a general understanding of the situation.

GeorgeBischof

Member Since Jul 19, 2020  225 posts GeorgeBischof Sep 02 at 13:53
Very useful information for the new traders who want to do investment in the forex market. Thank you for giving this.

ElliotCooke

Member Since Jul 20, 2020  221 posts ElliotCooke Oct 29 at 17:51
Thank you for sharing this. It will help the new traders to make their decisions easily.

AliaDare

Member Since Jul 19, 2020  154 posts AliaDare Oct 30 at 00:45
Thank you so much for presenting these important parts to us. Every trader should know about this subject first.

Gracewilson1995

Member Since Jan 11, 2019  73 posts Gracewilson1995 Oct 30 at 04:12
almfx posted:
Here I am going to give a good explanation of Investing.



1- Always check that Track Record Verified and Trading Privileges Verified. Those must have been ticked.
2- account must be real.
3- Checking the Broker:
3-1 Go to the Broker's website and first check its regulation, There must be their Regulation ID, Below you can see some of most reliable regulatory agencies links to check.

FCA - Financial Conduct Authority (United Kingdom) https://register.fca.org.uk/
NFA - The National Futures Association ( United states) https://www.nfa.futures.org/basicnet/
ASIC - Australian Securities and Investments Commission https://asic.gov.au/online-services/search-asics-registers/companies-and-organisations

BaFIN - The Bundesanstalt für Finanzdienstleistungsaufsicht (Germany) https://www.bafin.de/EN/
FINMA - Swiss Financial Market Supervisory Authority https://www.finma.ch/en/


* Deny any broker without regulation or one that has unreliable regulation . and never trust any result from them.

4- The account age must be older than 6 Months.
5- The account Must be updated.
* Maximum 12 hours not updated is normal according to myfxbook server refresh times.
* Sometimes The owner must update it manually Because of server traffics.
6- The account must be traded in the past month.
7 - Checking Martingale or Grid, as this kind of systems puts you at risk
7-1 First check its trading history , try to identify its pattern.
* This is the most important identification tool.
7-2 If trading history is not public simply ask the owner to make it public to check.
7-3 Check Win ratio . as Most of martingale and Grid systems have low win ratio,
* But they can cheat it by opening several small lots and close em in profit to increase the win ratio.
7-4 Check summary, Negative pips and earnings means probably its a martingale .
* you must check at least three pairs.
8 - Risk Management , always check its Maximum Drawdown and choose what risk level is appropriate for you.

thank you for sharing the amazing information that too in detail. It will help a thousand of traders including the new and the old.

Robert647373

Member Since Feb 25, 2020  64 posts Robert (Robert647373) Oct 30 at 09:28
Good advice. But with brokers, this is not the case. A regulated broker means that this broker pays a lot of money to be considered regulated and attract more clients. An important condition for a broker is the timely withdrawal of your funds, at your first request. It is very important.

Josuvaphilip

Member Since Oct 09, 2020  20 posts Josuvaphilip Nov 23 at 06:57
For anyone who is at the beginner or intermediate level, this information is a must-read.

EbonyJones

Member Since Jul 20, 2020  161 posts EbonyJones Nov 23 at 20:58
Very informative post. It will help a lot of new traders to make their decisions easily and calmly.

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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.