The information is really very interesting for a general understanding of the situation.
Sep 02 2020 at 13:53
Very useful information for the new traders who want to do investment in the forex market. Thank you for giving this.
Oct 29 2020 at 17:51
Thank you for sharing this. It will help the new traders to make their decisions easily.
Thank you so much for presenting these important parts to us. Every trader should know about this subject first.
Oct 30 2020 at 04:12
almfx posted:thank you for sharing the amazing information that too in detail. It will help a thousand of traders including the new and the old.
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.
Good advice. But with brokers, this is not the case. A regulated broker means that this broker pays a lot of money to be considered regulated and attract more clients. An important condition for a broker is the timely withdrawal of your funds, at your first request. It is very important.
Nov 23 2020 at 06:57
For anyone who is at the beginner or intermediate level, this information is a must-read.
Nov 23 2020 at 20:58
Very informative post. It will help a lot of new traders to make their decisions easily and calmly.
Jan 14 at 12:40
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.
Really nice post, thank you
