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How to choose a regulated forex broker?

Nov 06, 2018 at 07:50
4,189 zobrazení
121 Replies
Členem od Oct 05, 2020   65 příspěvků
Nov 09, 2020 at 12:45
Your broker is the most important part of your forex journey. You cannot think of trading without a suitable broker.
lovefortrading (perryjohn765)
Členem od Sep 12, 2017   238 příspěvků
Nov 12, 2020 at 06:10
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.

Thank you for the amazing tips. Very helpful to me :)
Členem od Oct 12, 2020   38 příspěvků
Nov 12, 2020 at 06:30
Forex media is helpful. So are the broker review sites.
Členem od Aug 03, 2019   38 příspěvků
Nov 12, 2020 at 07:08
shaunmarsh posted:
Your broker is the most important part of your forex journey. You cannot think of trading without a suitable broker.

True, A trader's performance is affected by the choice of broker he makes.
Členem od Nov 07, 2020   15 příspěvků
Nov 27, 2020 at 05:09
Trading is not the same for every trader. Different traders take it differently and that’s what their trading strategies also depend on.
Členem od Oct 22, 2019   41 příspěvků
Nov 30, 2020 at 12:34
Davidtaylorr posted:
Make sure the broker you choose caters to your trading needs and has low transaction fees. The spreads it offers should be tight.
Agree with you on this. It is not a child’s play to find a broker that can match with your trading style and exactly offers what you want. I chose fxview who turned out to be reliable and trading conditions seemed decent to me. Similarly some other might be good for you. Do proper research before choosing.
Členem od Mar 23, 2020   63 příspěvků
Dec 03, 2020 at 11:09
I know choosing a broker is tough. What I suggest is checking all brokers, their spreads, trading conditions, test them through demo and then decide. Also, no harm in diversifying funds over multiple brokers. Fxview, Fxpro, HYCM are some good ones to check.
Členem od Jul 20, 2020   232 příspěvků
Dec 03, 2020 at 14:08
A broker is the main thing in the forex market. If you want to choose a regulated broker from this market, you can visit those websites that provide broker reviews on their sites.
Členem od Oct 30, 2020   15 příspěvků
Dec 04, 2020 at 10:26
The procedure seems very simple but is fraught with delusions ain’t it?! And I agree with others, choosing a broker is an important step for completing this process. For me it's the timely withdrawals that matter. That is 1 reason why I transferred all my funds to turnkeyforex and roboforex after a bittersweet experience in this regard with my previous broker. Another thing I would say, always split your investments into different broker accounts.
Členem od Jul 20, 2020   341 příspěvků
Dec 04, 2020 at 18:56
A broker is the most important element in the forex market. If you want to make money from this market you have to choose a regulated broker from this market.
Členem od Jul 23, 2020   869 příspěvků
May 07, 2021 at 22:44
Choose a broker which is regulated by a reputed entity like FCA, SEC, etc.
Elena Triston (ele020)
Členem od Apr 15, 2020   219 příspěvků
May 10, 2021 at 07:16
LyudmilLukanov posted:
Choose a broker which is regulated by a reputed entity like FCA, SEC, etc.
Yes, a regulated broker is always better than a non regulated broker, there are plenty of regulations like CySec, FCA, ASIC, FSCA etc...
The more your practice, the more you learn.
Členem od Mar 28, 2021   617 příspěvků
May 10, 2021 at 11:05
Before choosing a broker everyone should check its regulations. It is the most important thing because you are putting your hard earned money with them. The broker should be regulated by reputed regulation bodies.
James Con (realprofitea)
Členem od Jun 02, 2020   7 příspěvků
Oct 08, 2021 at 04:36
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.

Hello,
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Real Profit Expert Advisor
Členem od Jun 16, 2021   111 příspěvků
Oct 11, 2021 at 10:46
Trading with the help and mentorship of a forex expert is a very good way to make money from the forex market. He will give you confidence and will teach you everything about forex trading, how to do it, what the bank is doing, why they're doing it, etc.
Členem od Dec 20, 2019   20 příspěvků
Oct 26, 2021 at 14:35
It's pretty simple. You should just read the whole information about your broker and be convinced that its regulators are trustworthy and well-known. In my opinion, regulations and certifications aren't the only things which can point on reliability of a broker. Also, you should heck customer support and system and conditions on depositing and withdrawing money. In this case, after thorough checking you can consider this broker as realiable or not. I guess that traders always should check their brokers because you can't even notice that it cheats on you until you want to withdraw money for example.
Členem od May 13, 2019   26 příspěvků
Oct 29, 2021 at 09:41
There is nothing difficult to choose a regulated broker. As a rule, brokers always publish this information and they don't try to conceal it actually. In my opinion, if you faced a broker which conceal this information, then you can make conclusions, that you have faced a scamming broker, but not a reliable one. If you faced a brokr which doesnt have any regulations, then don't hurry to make conclusions. There are some brokers which have no regulations, but they're considered to be reliable. Here you should check the work of a customer support and the mechanism of withdrawing/depositing money.
Členem od Mar 28, 2021   617 příspěvků
Nov 03, 2021 at 11:22
Yes it is not that difficult to choose a broker but for that one needs to do research to find out a regulated broker. Broker website mentions the regulatory authorities name and you have to check their website to recheck.
Suradi (FXOday)
Členem od Apr 03, 2021   470 příspěvků
Nov 03, 2021 at 23:06
A regulated broker is an important matter for the trader, especially them as professional traders will surely use a regulated broker because has higher standard security and more comfortable to use the service, I am also of course use regulated broker by ASIC, FCA, and Cysec, I have good experience with this broker so far and no intention to looking another broker at this time.
Členem od Oct 13, 2022   2 příspěvků
Oct 13, 2022 at 08:24
Forex helped me create my first savings, but trading is too risky now. Now it is better to spend money only on what is necessary.
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