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Experiences with regulated firms

Bladiminmunro
Dec 07 2020 at 09:53
posts 59
CanoeMussy posted:
Thank you for this thread. I am so glad that I gave in to my friend’s pushes and opened a forex trading account. It has been precisely 5 months of trading in total for me, including 20 days of demo, and I have made more money than I did in a year of doing stupid jobs. I was spending more to keep myself entertained earlier than I was saving. And now all the money I earn while trading currencies on Fxview just go into savings. I know about the risks involved but if you are careful with your trades and have a well defined plan, there's only going to be gain.
Good on you mate! I am rather surprised that you started on such a high note!
Scarymaniak
Dec 07 2020 at 13:13
posts 28
Wait for some more time and you’ll hear a different side of the story!
CanoeMussy
Dec 08 2020 at 10:18
posts 37
@Bladiminmunro @Scarymaniak I am not saying that I have only been profiting. There have been losses also but overall there is a gain. And I am comparing this to the measly wage I was drawing with my job is all folks. Take a break!
colininghrams
Dec 08 2020 at 12:42
posts 29
Regulations does matter, but there's another crucial thing. I mean how hard can it be to get a piece of stamped paper! I think it’s also important to look into the history of the broker. See the number of transactions undertaken, the founders history, things like that.
Scarymaniak
Dec 08 2020 at 13:34
posts 28
colininghrams posted:
Regulations does matter, but there's another crucial thing. I mean how hard can it be to get a piece of stamped paper! I think it’s also important to look into the history of the broker. See the number of transactions undertaken, the founders history, things like that.
Both are necessary! History and regulations! Otherwise how much can a history also tell. Who knows future intentions!
Russel Gutierrez (russellgutierrez)
Dec 09 2020 at 09:35
posts 56
Just stick to regulated brokers, play safe. As it is trading is so risky, markets are an unknown sphere. Some peace of mind with regulated ones won’t do any harm if no good. I have dealt in the past with scams so I can tell you from experience that brokers that have a record to show are better. Now I am using XTB and Fxview but in the past brewed a lot of trouble for myself with names known only to me.
Pointingmark
Dec 09 2020 at 12:20
posts 28
Frankly, I don’t know the name Fxview, should I be scared for you?
Harshalgibbs
Dec 10 2020 at 03:45
posts 54
Pointingmark posted:
Frankly, I don’t know the name Fxview, should I be scared for you?

I have used Fxview dude, they are legit. Easy on their clients and fast with withdrawals. Not much to be frightened of lmao
GeorgeBischof
Dec 10 2020 at 07:46
posts 318
A broker can be your friend in this journey. But for that you have to chose a regulated and reliable firm. Otherwise, you can face a great loss.
Russel Gutierrez (russellgutierrez)
Dec 10 2020 at 08:15
posts 56
Pointingmark posted:
Frankly, I don’t know the name Fxview, should I be scared for you?

Thanks for your concern but I am good. I have been using them for over a year now almost completing 2 years with them, and if there was any reason to be scared of, I suppose by now it would have revealed itself to me. I am absolutely satisfied with both.
Tyronemings654
Dec 18 2020 at 05:24
posts 15
It doesn’t matter to me if my broker is regulated or not. I make good profits on my trades and I’m happy about it. No more, no less.
Miralas
Dec 30 2020 at 08:54
posts 19
It will be interesting. After all, each of us has so different preferences and views that we will certainly be able to gain new experiences through this. Each trader is a big personality and now you can see it!
Shelby10
Dec 31 2020 at 09:39
posts 140
Trading is not a casino. Here it is possible to set stop loss and profit level. If you want to earn 2% per month, then trading is possible. If you work according to the plan, the chances of loss are less. If a trader works according to the rules, then one day he will get success from trading. But money management and risk management have to be maintained.
BrantleyC
Jan 06 2021 at 06:36
posts 16
Tyronemings654 posted:
It doesn’t matter to me if my broker is regulated or not. I make good profits on my trades and I’m happy about it. No more, no less.
Well that's fine but I do feel regulated brokers are much better since one need to worry much about the safety of funds with them.
asidefellow
Jan 07 2021 at 08:59
posts 37
I won’t say it is entirely safe but regulation at least provides some sort of safety. I think it is just about peace of mind.
SteveHanks
Apr 01 2021 at 13:32
posts 536
Shelby10 posted:
Trading is not a casino. Here it is possible to set stop loss and profit level. If you want to earn 2% per month, then trading is possible. If you work according to the plan, the chances of loss are less. If a trader works according to the rules, then one day he will get success from trading. But money management and risk management have to be maintained.
I completely agree with you. You need to be very careful in this risky market.
ricardostewart
Apr 21 2021 at 05:26
posts 9
Regulated brokers are okay to trade with and it totally depends on the trader. Some even prefer offshore and unregulated ones too.
WaltonCharles
Apr 21 2021 at 19:49
posts 144
ricardostewart posted:
Regulated brokers are okay to trade with and it totally depends on the trader. Some even prefer offshore and unregulated ones too.
It is very important to choose a regulated broker to trade in the forex market.
LyudmilLukanov
May 09 2021 at 17:44
posts 809
It is good to trade with a regulated broker. Because there are a lot of scammers in the market.
RobSchiz
May 15 2021 at 08:53
posts 567
LyudmilLukanov posted:
It is good to trade with a regulated broker. Because there are a lot of scammers in the market.
Fake brokers are very dangerous. be aware of them.
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