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Social Trading Broker for a Newbie
신규 트레이더
에서
Nov 22, 2016 at 15:52
The biggest risk for me with these social trading platforms is the anonymity of the people you are copying. You never know who stays behind - is it a fake account run by unscrupulous broker or someone else who got lucky for a while. After all ask yourself a question - will these tools help you be profitable and make informed reasonable decisions.
Please help
신규 트레이더
에서
Nov 22, 2016 at 15:45
Hi guys, I'm afraid there is no best strategy that fits everyone's needs. Trading microlots is a wise approach if you are new to trading. But you will need to be very patient as you won't be earning a lot per trade. What is your style - intraday or swing?
What just happened?
일반
에서
Nov 22, 2016 at 15:37
Good advice, a classic one and always applicable, except of flash crashes.
Do you prefer fixed spreads or dynamic spreads?
신규 트레이더
에서
Nov 15, 2016 at 07:21
I am trading FX with dynamic spreads since the very beginning. I guess this is what I am used to. I agree with Carlos about the mark-up in the spread. This is important for the costs and performance.
Is our account info safe with Myfxbook?
일반
에서
Nov 15, 2016 at 07:12
I also think this website is safe and I can trust it.
DEMO ACCOUNT vs LIVE ACCOUNT
신규 트레이더
에서
Nov 15, 2016 at 07:11
Demo is helpful to get a good grip of all the techniques in trading as well as experiment with indicators and the signals they can give. Also the effect of lot size, leverage, spread and commissions are quite well demonstrated. If someone is starting from zero, demo is the important addition to reading guidebooks how to trade. Dealing with the psychology of things is more advanced and only live account can help here.
EUR/USD
신규 트레이더
에서
Nov 14, 2016 at 16:06
Yes, it bounced up a bit and I can see a slight upward momentum getting away from the oversold area. Still bearish but we may well see a reverse in this trend. I will wait until I have stronger signal before placing the next trades.
Social Trading Broker for a Newbie
신규 트레이더
에서
Nov 14, 2016 at 16:05
If you are unsure about a broker, always check their regulation licence on the regulator website. There you can see if they are market makers or not and do your research as well. Social trading is a very good option but you have to carefully select who to copy 😄 I agree with Livingrock about the positions size. But also define your preferred instruments. With some brokers you have more FX pairs and with some also CFDs. I could advise you not to use high leverage for FX at the beginning - not more than 1:100. This will enable you to start by opening just a few minilots. Have a successfu...
I AM PLANNING TO DIE IN FOREX
신규 트레이더
에서
Oct 27, 2016 at 06:59
I enjoy reading the comments on this topic. Very useful tips and I am a strong believer in auto trading as well! 😄 of course backed up by solid testing first.
Whats the Best Education Around??
일반
에서
Oct 27, 2016 at 06:57
I see you are a passionate trader and I wish you success in long-term!
How to build a good trading strategy?
일반
에서
Oct 27, 2016 at 06:56
If all strategies will fail at any time, why not changing the strategy then to remain successful? How can we address the complexity of the forex market with simplicity?
How to build a good trading strategy?
일반
에서
Oct 27, 2016 at 06:56
what do you mean by the best? can you share a bit more what it is exactly?
How to build a good trading strategy?
일반
에서
Aug 07, 2016 at 12:26
For me the best way to build a good trading strategy is true practicing and learning from your mistakes. No matter how much books you read the knowledge will never be full without real actual trading, simply because market is kind-a hard to predict. For this purpose I prefer to use demo account to test different ideas/ strategies ect.
Whats the Best Education Around??
일반
에서
Aug 05, 2016 at 16:53
If you already have a lot of knowledge, but you still feel insecure, maybe you should try to improve yourself with a Demo account. This way you will not lose any real money, but you can create the perfect strategy to make you feel comfortable. I hope this helps you out.
JFD
브로커
에서
Nov 14, 2015 at 09:13
I have been trying several Brokers in the Past (Pepperstone, IG and FXCM). Currently i trade all my FX via JFD and the CFDs via IG. All withdrawals fast (2-3 days). Downside is that JFD is missing a web-portal for withdrawals but beside of this never had any issues. FX execution super good. By far better than Pepperstone. The CFDs are more expensive then IG, this is why i stick trading CFDs via IG. For FX i can recommend JFD 100% without any doubts. RegardsAlexandre Gauthier
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