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Need an advice
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balticrain

Member Since Aug 01, 2018  11 posts balticrain Aug 16 2018 at 10:03
If it isn't regulated in EU, US, or Australia then I am not interested. Otherwise you are just transferring money without any security that you will get it back

Mohammadi

Member Since Aug 11, 2017  630 posts Mohammadi Aug 18 2018 at 08:00
There is nothing which is able to reduce your frustration until make sure a trading discipline as well controlling emotions. We traders feel frustrated when we lose, and only due to lacking trading discipline and because of emotions we always fall a great loss.

BaldoN

Member Since Feb 12, 2016  522 posts Baldo (BaldoN) Sep 04 2018 at 08:00
CarlosMZ posted:
HappyDog1 posted:
The guy who wrote that post has only written 1 post before so they may work for the broker and are trying to dum up business.

I agree.
That 'broker' is a company registered in Dominica but is not regulated anywhere (as seen on their website and legal documents).
Also, they claim to be an NDD but offer signup and deposit bonuses which is the trademark sign for a bucket shop/market maker.

I would not trust them with a demo account, not to mention depositing any money...

Good points Carlos. Providing NDD execution + singup bonuses is not good idea :D Everyone will know that this is scam or Market Maker... Additionally, you are right- if the broker is not regulated from big and trusted authority- stay away :)

Mohammadi

Member Since Aug 11, 2017  630 posts Mohammadi Sep 04 2018 at 08:39
I have seen according to my trading experience by and large traders especially the newcomers for all time emphasis on regulation when it is time to choose a broker. because we basically think from all trading platforms in Forex market place only the broker which is regulated by the high authorize can make sure security of funds with a wide range of trading technologies. But practically this happens or not? Please share your valuable experience.

balticrain

Member Since Aug 01, 2018  11 posts balticrain Sep 04 2018 at 11:21
Yes regulation is essential. A bad broker may not pay up if you start making money.

Mohammadi

Member Since Aug 11, 2017  630 posts Mohammadi Sep 17 2018 at 08:16
Its hard to make sure the good broker as a newcomer but if we would make some research then we would be able to find out. But I think it is very important to join different brokers and observe like how to deposit and withdraw the money and what is the spreads and what is the kinds of account allowed.

Imamul

Member Since Aug 09, 2017  400 posts Imamul May 03 at 08:18
The beginner should use demo account minimum for three months, sometimes many brokers organize demo contest with real money prizing. Newcomers can join here. It could be great to acquire real trading exeprince.

ScottyCarsonMVP

Member Since Feb 10, 2019  54 posts ScottyCarsonMVP May 04 at 18:31
TeddyBrendon posted:
I'm not so sure. I would go with a more well known broker if you are newbie


Agreed

Roberto21

Member Since May 02, 2019  153 posts Roberto21 May 06 at 07:34
I have seen so many traders who are particularly beginners always try to make money without learning. as a result they become loser when trading practically. Actually success is a long time process in Forex trading that’s why we the traders first of all have to be prepared to pass a long time in this volatile trading place, otherwise there is nobody who could achieve success from here.

Mohammadi

Member Since Aug 11, 2017  630 posts Mohammadi May 17 at 10:45
In Fx trading , by and large traders in particularly the newcomers fall a great loss by taking high leverage due to non sense planning and zero risk management policy, nothing to do with high leverage at all. so, I think, before trading with high leverage we have to know how to manage risk.

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