Here I am going to give a good explanation of Investing.
1- Always check that Track Record Verified and Trading Privileges Verified. Those must have been ticked.
2- account must be real.
3- Checking the Broker:
3-1 Go to the Broker's website and first check its regulation, There must be their Regulation ID, Below you can see some of most reliable regulatory agencies links to check.
FCA - Financial Conduct Authority (United Kingdom) https://register.fca.org.uk/
NFA - The National Futures Association ( United states) https://www.nfa.futures.org/basicnet/
ASIC - Australian Securities and Investments Commission https://asic.gov.au/online-services/search-asics-registers/companies-and-organisations
BaFIN - The Bundesanstalt für Finanzdienstleistungsaufsicht (Germany) https://www.bafin.de/EN/
FINMA - Swiss Financial Market Supervisory Authority https://www.finma.ch/en/
* Deny any broker without regulation or one that has unreliable regulation . and never trust any result from them.
4- The account age must be older than 6 Months.
5- The account Must be updated.
* Maximum 12 hours not updated is normal according to myfxbook server refresh times.
* Sometimes The owner must update it manually Because of server traffics.
6- The account must be traded in the past month.
7 - Checking Martingale or Grid, as this kind of systems puts you at risk
7-1 First check its trading history , try to identify its pattern.
* This is the most important identification tool.
7-2 If trading history is not public simply ask the owner to make it public to check.
7-3 Check Win ratio . as Most of martingale and Grid systems have low win ratio,
* But they can cheat it by opening several small lots and close em in profit to increase the win ratio.
7-4 Check summary, Negative pips and earnings means probably its a martingale .
* you must check at least three pairs.
8 - Risk Management , always check its Maximum Drawdown and choose what risk level is appropriate for you.
1- Always check that Track Record Verified and Trading Privileges Verified. Those must have been ticked.
2- account must be real.
3- Checking the Broker:
3-1 Go to the Broker's website and first check its regulation, There must be their Regulation ID, Below you can see some of most reliable regulatory agencies links to check.
FCA - Financial Conduct Authority (United Kingdom) https://register.fca.org.uk/
NFA - The National Futures Association ( United states) https://www.nfa.futures.org/basicnet/
ASIC - Australian Securities and Investments Commission https://asic.gov.au/online-services/search-asics-registers/companies-and-organisations
BaFIN - The Bundesanstalt für Finanzdienstleistungsaufsicht (Germany) https://www.bafin.de/EN/
FINMA - Swiss Financial Market Supervisory Authority https://www.finma.ch/en/
* Deny any broker without regulation or one that has unreliable regulation . and never trust any result from them.
4- The account age must be older than 6 Months.
5- The account Must be updated.
* Maximum 12 hours not updated is normal according to myfxbook server refresh times.
* Sometimes The owner must update it manually Because of server traffics.
6- The account must be traded in the past month.
7 - Checking Martingale or Grid, as this kind of systems puts you at risk
7-1 First check its trading history , try to identify its pattern.
* This is the most important identification tool.
7-2 If trading history is not public simply ask the owner to make it public to check.
7-3 Check Win ratio . as Most of martingale and Grid systems have low win ratio,
* But they can cheat it by opening several small lots and close em in profit to increase the win ratio.
7-4 Check summary, Negative pips and earnings means probably its a martingale .
* you must check at least three pairs.
8 - Risk Management , always check its Maximum Drawdown and choose what risk level is appropriate for you.
How to identify an arbitrage or a Hyper scalper, Arbitrage trading is illegal and negative slippage will never allow you to run hyper scalpers.
Easiest way is checking trading history and check earning pips for all trades, if most of them were executed with less than 5 pips . Probably you are seeing an arbitrager or a hyper scalper.
You can check average win in pips.
Easiest way is checking trading history and check earning pips for all trades, if most of them were executed with less than 5 pips . Probably you are seeing an arbitrager or a hyper scalper.
You can check average win in pips.
Good and important points to keep in mind just before trading, thanks.
I never knew so many things could happen thanks for the points, will remember them and come back if there are any more questions.
Apr 04 2020 at 16:35
Very important points and links to the important sources many people still forget to loose entirely and I really do not get it absolutely and possibly, it's very important to remember them and follow them absolutely, thanks for letting me know this!
This is actually important, good thing i read this, though i decided to start trading and kept certain thing in head and was aware of the risk but this is some more information that has not crossed my mind.
Apr 08 2020 at 19:12
Thanks for the info. I know that some people never look innto these things before they get into trades which is just a big mistake. What matters most to me is the reputation of my broker. I always do a thorough check of any broker that I want to choose or engange with. This line of business requires keenness. If you do not pay attention or take things into detail then things will work against you. There are a lot of people than end up choosing the wrong broker because they did not take time to find out whether they are the best or not.
This line of business requires a lot of knowledge. You have to know all of the things mentioned above if you want to count yourself as being in a good position to trade. If you have not been doing those things then you have been going at this the wrong way.
Dagdakelv
Well well well. I partially agree with this thread. Because:
1. Any regulation is bought and in any case it will protect the broker.
2. As far as I remember the FCA, NFA, etc. don't allow investments at all. Therefore, if any broker has any investment program, it's not under the regulation of the above lol. 😂 😂
Agree with the first two paragraphs:
1- Always check that Track Record Verified and Trading Privileges Verified. Those must have been ticked.
2- account must be real.
1. Any regulation is bought and in any case it will protect the broker.
2. As far as I remember the FCA, NFA, etc. don't allow investments at all. Therefore, if any broker has any investment program, it's not under the regulation of the above lol. 😂 😂
Agree with the first two paragraphs:
1- Always check that Track Record Verified and Trading Privileges Verified. Those must have been ticked.
2- account must be real.
almfx posted:
Here I am going to give a good explanation of Investing.
1- Always check that Track Record Verified and Trading Privileges Verified. Those must have been ticked.
2- account must be real.
3- Checking the Broker:
3-1 Go to the Broker's website and first check its regulation, There must be their Regulation ID, Below you can see some of most reliable regulatory agencies links to check.
FCA - Financial Conduct Authority (United Kingdom) https://register.fca.org.uk/
NFA - The National Futures Association ( United states) https://www.nfa.futures.org/basicnet/
ASIC - Australian Securities and Investments Commission https://asic.gov.au/online-services/search-asics-registers/companies-and-organisations
BaFIN - The Bundesanstalt für Finanzdienstleistungsaufsicht (Germany) https://www.bafin.de/EN/
FINMA - Swiss Financial Market Supervisory Authority https://www.finma.ch/en/
* Deny any broker without regulation or one that has unreliable regulation . and never trust any result from them.
4- The account age must be older than 6 Months.
5- The account Must be updated.
* Maximum 12 hours not updated is normal according to myfxbook server refresh times.
* Sometimes The owner must update it manually Because of server traffics.
6- The account must be traded in the past month.
7 - Checking Martingale or Grid, as this kind of systems puts you at risk
7-1 First check its trading history , try to identify its pattern.
* This is the most important identification tool.
7-2 If trading history is not public simply ask the owner to make it public to check.
7-3 Check Win ratio . as Most of martingale and Grid systems have low win ratio,
* But they can cheat it by opening several small lots and close em in profit to increase the win ratio.
7-4 Check summary, Negative pips and earnings means probably its a martingale .
* you must check at least three pairs.
8 - Risk Management , always check its Maximum Drawdown and choose what risk level is appropriate for you.
Great tips it really is a good list to go though. Problem is that for all criteria to be met there are no traders left to invest with!!
