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Posts by bennieriley

How true is High leverage = High risk? In New Traders Dec 10 2020 at 12:21
[quote]russellgutierrez posted: I’m using Oanda right now. I don’t really use high leverage so that works for me. Any other recommendations? [/quote] I’ve been around so long that I like to say I’ve used them all. Jokes apart, I have traded with quite good and bad ones. Oanda, IG, LCG, Fxview, Pepperstone are surely the good ones around. Healthy tip- stay away from scammers and research before investing.
What safety measure I need to take before choosing any forex broker? In Experienced Traders Dec 10 2020 at 10:36
People also know that third parties sometimes cause the delay, like your concerned bank. From broker’s end processing happens very fast. But why is this such a big issue. If you are using a regulated licensed broker, like the one in question here pepperstone or fxview, you can be rest assured.
What safety measure I need to take before choosing any forex broker? In Experienced Traders Dec 04 2020 at 12:25
[quote]Marshalsam877 posted: Easy deposits and withdrawals are an important part of my trading. I feel so restless when I can withdraw my money quickly.[/quote] It is quite justified to feel restless when withdrawals are not on time. I did somersaults when my first withdrawal took 4 days when the broker had clearly said it wouldn't take more than 2.
Online source of income In General Nov 26 2020 at 11:59
I doubt if many brokers even have a physical presence anymore. Trading for sure is strictly limited to online I guess. But no matter what, trading should always be done via regulated brokers. Precisely why I’m using Pepperstone and Fxview. Both are regulated by FCA besides a host of other authorities.
How can we find a reliable platform? In New Traders Oct 29 2020 at 11:25
I think online reviews are a big give away. And so are the testimonials of existing users. Found recommendations of using Fxview, Pepperstoner and AvaTrade on babypips (again a reliable source of getting right suggestions) and created demo accounts of all 3. Found FXview more compatible to my needs and have been trading with them since about a year now. So I believe social trading sites and communities are good resources for validation and recommendations.
Type of Traders In New Traders Oct 14 2020 at 11:40
Do be wary of high leverage. Use only when profits are estimated to be 3 times the investment.
High Leverage In General Oct 14 2020 at 11:28
High leverage is what makes millionaires out of traders, provided risks are calculated beforehand.
Do I need to be registered if I am looking an investor? In General Oct 14 2020 at 11:15
Yes, only then you will be deemed safe.
Bitcoin future? In General Oct 14 2020 at 11:06
Bitcoin is so volatile that I can never consider it safe.
What can you learn from a fisherman as a trader In New Traders Oct 13 2020 at 06:25
PATIENCE! A good catch (big win) can take a long time.
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HIGH RISK WARNING: Foreign exchange trading carries a high level of risk that may not be suitable for all investors. Leverage creates additional risk and loss exposure. Before you decide to trade foreign exchange, carefully consider your investment objectives, experience level, and risk tolerance. You could lose some or all of your initial investment. Do not invest money that you cannot afford to lose. Educate yourself on the risks associated with foreign exchange trading, and seek advice from an independent financial or tax advisor if you have any questions. Any data and information is provided 'as is' solely for informational purposes, and is not intended for trading purposes or advice. Past performance is not indicative of future results.