Jan 13 at 04:19
Adribaasmet posted:
honestly speaking without using practically its really difficult to recommend
at any broker, because so many brokers in online and most of them are found to be scam.
I agree that it is essential to test a broker before you risk your money with it. For that purpose, demo accounts are of great help as you get to practice as many strategies as you want without having to put your money to risk. And the best part is that nearly all brokers offer demo accounts. You just have to select a broker, create your demo account with it, and you are good to go.
Jan 13 at 05:03
it is very imp to test a broker before depositing or adding money into it. not just the tarading condition but there have been a lot of scams where brokers run away with the people's money
Jan 13 at 08:22
inspirenez posted:Adribaasmet posted:
honestly speaking without using practically its really difficult to recommend
at any broker, because so many brokers in online and most of them are found to be scam.
I agree that it is essential to test a broker before you risk your money with it. For that purpose, demo accounts are of great help as you get to practice as many strategies as you want without having to put your money to risk. And the best part is that nearly all brokers offer demo accounts. You just have to select a broker, create your demo account with it, and you are good to go.
The most important aspect of trading in my opinion is a solid trading plan. A trader must be sure of the moves and then only trade. Understanding the proper use of stop loss and take profit is also very important. No doubt using a regulated broker with a user-friendly trading platform is important but mastering your trading strategy is even more.
Jan 14 at 04:37
philipsimmions posted:inspirenez posted:Adribaasmet posted:
honestly speaking without using practically its really difficult to recommend
at any broker, because so many brokers in online and most of them are found to be scam.
I agree that it is essential to test a broker before you risk your money with it. For that purpose, demo accounts are of great help as you get to practice as many strategies as you want without having to put your money to risk. And the best part is that nearly all brokers offer demo accounts. You just have to select a broker, create your demo account with it, and you are good to go.
The most important aspect of trading in my opinion is a solid trading plan. A trader must be sure of the moves and then only trade. Understanding the proper use of stop loss and take profit is also very important. No doubt using a regulated broker with a user-friendly trading platform is important but mastering your trading strategy is even more.
I agree! And what better way to finetune your strategy than to practice on demo. I did the same when I started trading GBPUSD on xm’s demo account. After practicing for a while I traded $500 each on ECN accounts of xm and fxview. Although both require very minimal deposit for trading but I think anything less than the amount I started with will be too less to understand proper risk and money management.
Jan 14 at 07:27
Making sure that a forex broker suits your requirements is the most important thing that can make your trading journey easier and better. So first determine the currency pair you want to trade, the trading style you want to adopt, and then only choose a broker accordingly.
Jan 14 at 09:32
Before choosing a broker always test the broker and should check trading conditions and how they have a response to the customers.
Jan 14 at 11:22
Different brokers offer different trading conditions. It is up to you to decide what you want in your broker. For me, hotforex and fxview work really well because of their tight spreads and low trading costs. I hardly trade more than 15 pips on hourly timeframes and for that it is absolutely important for me to use brokers that provide lower spreads, at least on the most liquid currencies.
Jan 15 at 09:47
Forex scams have become quite common these days. I try my best to research about a broker and read their previous customer reviews so that I make a good choice. Talking to other traders helps a lot in knowing first hand about the experiences of traders in terms of broker’s interface, orders, fills, compatibility with different EAs etc.
Jan 29 at 12:02
Mikehussey posted:
Making sure that a forex broker suits your requirements is the most important thing that can make your trading journey easier and better. So first determine the currency pair you want to trade, the trading style you want to adopt, and then only choose a broker accordingly.
Yes, it is very important to know about your goals, practice on demo, determine your trading style. Then you go for choosing the broker.
Feb 03 at 08:09
davidkew posted:
Different brokers offer different trading conditions. It is up to you to decide what you want in your broker. For me, fxview work really well because of their tight spreads and low trading costs.
Can vouch fxview for their spreads. Their commission is quite cheaper - $2/lot RT
