I like money management and risk management very much. It plays a vital role in my success.
the leverage always works as a killer. Because the traders we have always fall a great loss by using leverage especially when high ration. But sometimes it brings profit very rapidly when there is real trading plan with great risk management approach. Actually forex market is too much risky and volatile. Risk is everywhere and from all trading elements leverage always contains more risk. so before trading with leverage we have to make sure how to manage risk in Fx.
We always advised by the senior traders and experts just for learning. but I think we the newcomers have to practice trading besides learning process. Demo account is more appropriate for them and as a learning Process newcomers can depend on Pips School.
beginners have to choose the right broker which does not restrict at any kind of trading techniques with scalping and scalping.
Imamul posted:
beginners have to choose the right broker which does not restrict at any kind of trading techniques with scalping and scalping.
Yes, that's a major part to check. Also, checking on the broker's regulation is a must, what do you think?
If you want to avoid undesirable consequences, you always need to study and check everything.
Feb 16 at 10:43
Imamul posted:
beginners have to choose the right broker which does not restrict at any kind of trading techniques with scalping and scalping.
You’re right and I guess the brokers that support scalping offer ECN accounts. The scalpers this way can be able to view the statistics on positive and negative slippage on their platform’s statistics page.
Feb 16 at 13:00
Why exactly are the brokers using ECN platforms better or different than the regular brokers for scalping?
Feb 17 at 10:39
jimmyneeesham posted:
Why exactly are the brokers using ECN platforms better or different than the regular brokers for scalping?
Usually the brokers who are allowing scalping have ECN platforms for the traders. What makes them different from the STP brokerages is that they are quite fast. If I’m not mistaken, these brokerages like Pepperstone, FXTM, Fxview and IG offer the lowest spreads.
Feb 18 at 04:04
Maitlandniles posted:jimmyneeesham posted:
Why exactly are the brokers using ECN platforms better or different than the regular brokers for scalping?
Usually the brokers who are allowing scalping have ECN platforms for the traders. What makes them different from the STP brokerages is that they are quite fast. If I’m not mistaken, these brokerages like Pepperstone, FXTM, Fxview and IG offer the lowest spreads.
I also think that the brokers using ECN offer very low fees and an additional trading time to the traders. This is actually great for the ones who prefer to have the flexibility over the usual market timings.
