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Money Management Tips
på
Allmänt
Feb 15 at 08:10
For trading, sound money management is crucial. You should follow a few guiding ideas. Your money management guidelines should be used to determine the trade size. Don't risk more than 2% of your capital in a trade, which is the most common rule. You still might not be able to open many deals, though. Your overall risk should not be greater than 2% of your capital.
Looking for the best broker
på
Allmänt
Feb 15 at 08:06
I previously traded with ICM, and from my experience, I can say they are good but not better than Pepperstone and FP Markets, because ICM spreads are not the same as they were in the beginning, but the spreads provided by FP Markets are still the same, averaging around 0.1-0.2 pips.The customer service barely answers my queries in ICM, but in FP Markets and Pepperstone, the customer service is quick to answer and solve client queries.
What's your recommendations on brokers for scalping? Based on experience
på
Erfaren Traders
Feb 03 at 08:18
After blowing numerous accounts with other brokers like ICM and XM, I decided to trade with FP Markets because they have lower commissions and tighter spreads.The commission fee is $6 per turn lot, the spreads in FP Markets begin as low as 0.0 pips and remain steady even during extremely violent market movements.
DEMO ACCOUNT vs LIVE ACCOUNT
på
Nya Handlare
Feb 03 at 08:16
The goal of the demo is to become acquainted with the trading mechanism. Another goal of the demo is to put your strategy to the test. Continue to demo until you find a proven method.On demo, define your entry, exit, risk, reward, and risk management policies. You can begin live trading once you are convinced.
Best Broker
på
Allmänt
Dec 02, 2022 at 12:10
A wise pick is FP Markets. My RAW (ECN) account has been trading for a while, and its spreads are among the narrowest available (at least in the major pairs; the averages are zero for the most part of the day in EURUSD).The commission fee for their raw spreads account is $6 per round lot, which is a little less expensive than that of other ECN brokers offering comparable services.
I'm new to Forex trading and looking for some advice
på
Nya Handlare
Dec 02, 2022 at 12:07
Newbies in forex trading should start off with a demo account to learn about live markets and the broker's trading platform.Using certain brokers like Avatrade and FP Markets is better since their demo accounts provide educational materials such as webtrade, e-books, video tutorials, etc.
Good broker is needed
på
Allmänt
Nov 14, 2022 at 12:52
I recommend CMC or FP Markets, these two brokers provide some of the tightest spreads, averaging around 0.1–0.3 pips with regulations from ASIC, and their trading conditions are robust.
Broker Suggestion
på
Nya Handlare
Nov 14, 2022 at 12:47
I agree with the above post as well, it is better to trade with brokers such as ICM or FP Markets that are older and have been in forex for over a decade with regulation from ASIC.The spreads are comparable, starting at 0.1 pips, with commissions of $8 at ICM and $6 at FP Markets, which is lower than most ecn brokers.
New traders love scalping
på
Allmänt
Oct 14, 2022 at 13:24
Scalping appears to be a simple trading strategy that can result in quick profits. However, I believe that being a scalper necessitates professional-level skills. However, this does not preclude a beginner from scalping. However, before they begin trading for real as scalpers in the forex market, they should focus more on learning and becoming skilled.
Forex Broker Recommendations?
på
Nya Handlare
Oct 14, 2022 at 13:23
I can recommend my current broker, FP Markets. I mostly use it for scalping since their spreads are tighter for certain major pairs like EURUSD, where it drops lower at 0 pips and averages around 0.1-0.3 pips for other currency pairs.
Leverage is useful or not ?
på
Allmänt
Sep 02, 2022 at 11:09
Leverage itself is neither good nor bad. Leverage amplifies the income and productivity positive or negative effects of the assets we invest in. Be aware of the potential effects (both positive and negative) of leverage inherent in your investments and the volatility that comes with it.
Is FP Markets suitable for scalping ?
på
Allmänt
Sep 02, 2022 at 11:09
Yes, I have been scalping with it for 2 years and its trading conditions have been remarkable without any issues. The spreads average around 0.0-0.2 pips in EURUSD and other major pairs.The commission cost per round lot is only $6, which is lower when compared to most famous brokers such as ICM and Pepperstone.
MetaTrader4 (MT4) vs MetaTrader5 (MT5) for beginners
på
Allmänt
Aug 05, 2022 at 12:26
The MT4 is best suited for beginner traders who prefer exposure in the forex market because it focuses more on currency trading, but if you are a beginner who prefers trading on other markets, the MT5 is best suited because it supports all other markets.
Bonus and broker
på
Nya Handlare
Aug 05, 2022 at 12:24
I mostly avoid trading with brokers that offer bonuses since they are mostly scammers, I prefer trading with regulated brokers such as Avatrade, CMC or FP Markets.I trade with FP Markets for now, and they provide free VPS if maintained a certain criteria, and the execution speed is 1 ms due to their VPS.
Bonus and broker
på
Nya Handlare
Jul 08, 2022 at 11:49
I prefer trading with brokers that do not provide any bonuses, especially deposit bonuses, because they are likely to be scammers or lead to withdrawal issues.It is better to trade with low commission costs or minimum deposit brokers like XM, Skilling, and FP Markets.
MetaTrader4 (MT4) vs MetaTrader5 (MT5) for beginners
på
Allmänt
Jul 08, 2022 at 11:48
Even though the MT5 is an advanced version of the MT4, I suggest beginners use the MT4 because it is comparatively simpler and easier to use, whereas the MT5 is more complex as it consists of more trading features and markets.
Are there brokers with no withdrawal fees?
på
Nya Handlare
Jun 24, 2022 at 06:43
I have been trading for over a year now and have never come across any broker that does not charge withdrawal fees, except for brokers like FP Markets that I use who do not charge any extra fees during withdrawals or deposits.
Demo Trading Advantages
på
Allmänt
Jun 24, 2022 at 06:39
Demo trading is an advantage for both experienced and beginner traders because it is a risk-free environment without real capital involved in it.
Which broker is better
på
Nya Handlare
Apr 29, 2022 at 06:58
Hey Jamerson, If you are still looking for a suitable broker, I suggest FP Markets over the other two, not because they are bad.It is because FP Markets provides better trading conditions with a lower commission cost of $3 per lot and has over 10,000 different instruments to trade global stocks and commodities.
Best currency pair for trading
på
Nya Handlare
Apr 29, 2022 at 06:45
Every trader has their own suitable currency pair for trading depending on their trading methods, strategy, or skill. I prefer trading with most major pairs.
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