I am very new in myfxbook so I am going to ask a few question in a few post. If it is ridiculous please be kind and answer detailed.
I see systems which is holder and broker is same. Not only their name is same here but it is look like people send them money. It is look like system holder and broker are same if these post owners are not saying lie.
SO MT4 platform is just a platform for spread betting, there is no exchange and if company is not regulated; In this sample company registered in offshore island so noway it can be regulated, can do whatever want to do with MT4 platform. People look at this BS MT4 result they see verified etc and thing that 'woow, what a genius! he is going to make me rich' send money and disappointing.
Is this normal? am I missing something here? What myfxbook are saying about it?
Broker is the most important thing in trading. If you want to make a good trading career you need to choose a good and reliable broker for you. Your broker should be regulated. Otherwise, you can face a huge loss in this risky market.
Look it’s always better and highly recommended to go for the MT4 trading platform offered by a reliable broker. The simple reason behind this is that the advanced trading system offered helps you implement strategies no matter how complex they seem to be. This is where brokers are gonna help. For instance, fxtm is the brokers among many offering MT4 platform for trading making it flexible and convenient. Apart from forex, you get to trade commodities, cryptos, and indices on variable spreads that start from 0.0 pips.
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.