Mathewshayden posted:Very good but they will complain the moment their funds are being stolen
There are many who don’t actually care about regulations, and that’s why unregulated broker firms exist.
I completely agree with you, this result is really possible.
Jan 29 2021 at 21:15
Aurisida posted:it seems to me very advertisement smelling comments...who the heck is Amarkets hahahah
At the moment, with the broker Amarkets, I park on ECN with a leverage of 1: 200 and a depot from $ 200
Feb 01 2021 at 04:13
It is not that difficult to find an ECN broker that offers low spreads. Just make sure the broker has 0.1 to 3 pips and the spreads are flexible. I use XM and Fxview and I really like the spreads. The ECN account has a deep liquidity pool and competitive spreads.Even the leverage is high. Works very well for me so I stick to these.
Feb 01 2021 at 06:28
jimmyneeesham posted:I agree with you. There is no point of paying such high commissions for the sake of low spreads. There are so many options available where the spreads are low with a lower commission so it is better to go for that instead.
I don’t really have recommendations but all I can say is that no one should ever compromise on trading conditions or pay higher than what’s needed.
Feb 01 2021 at 11:35
robindude posted:Yea, that’s what I just said. People just want a reason to place blame on, never look at things they overlooked or deemed unimportant.Mathewshayden posted:Very good but they will complain the moment their funds are being stolen
There are many who don’t actually care about regulations, and that’s why unregulated broker firms exist.
Feb 03 2021 at 04:47
Harshalgibbs posted:I have used these brokers too. I think there are some things that you cannot avoid at any cost when you’re trading with a broker like the transaction cost, leverage, services, conditions etc. I’m not complaining but I haven’t had a good experience with a whole lot of brokers. I was scammed in the beginning and then there was some transaction issue with a few others. Fxview has really tight spreads and the competitive trading environment keeps me motivated. XM, Etoro and Forex.com go well for micro accounts.
It is not that difficult to find an ECN broker that offers low spreads. Just make sure the broker has 0.1 to 3 pips and the spreads are flexible. I use XM and Fxview and I really like the spreads. The ECN account has a deep liquidity pool and competitive spreads.Even the leverage is high. Works very well for me so I stick to these.
Feb 04 2021 at 06:17
I just started trading live and I have such similar questions. As of now I’m confused about whether it is important to trade with a domestic broker or offshore regulated brokers are good too? Any suggestion will do.
Feb 04 2021 at 07:51
Ericdier752 posted:Be it STP or any account type, just go with brokers that are trustworthy and look after your trading needs. At first I fell for a fixed spread broker that was charging high commissions. That caused quite an imbalance to my money management and the profits were also bad. I started reading and then realised it is better to look for a variable spread broker. I switched right after.
I just started trading live and I have such similar questions. As of now I’m confused about whether it is important to trade with a domestic broker or offshore regulated brokers are good too? Any suggestion will do.
Feb 06 2021 at 05:57
Hi. you can simply check if your broker is regulated or not. IC markets, Plus500, Fxview are some regulated brokers and there are multiple benefits of using such brokers. I will list them for your understanding and you should use them because there is:
Safety of investment
Availability of compensation
Safety from getting scammed
Timely risk warning by the broker
Margin calls
Transparent trading operations
Safety of investment
Availability of compensation
Safety from getting scammed
Timely risk warning by the broker
Margin calls
Transparent trading operations
Feb 06 2021 at 06:21
Chrismorris657 posted:Wow that is some good insight. Thanks.
Hi. you can simply check if your broker is regulated or not. IC markets, Plus500, Fxview are some regulated brokers and there are multiple benefits of using such brokers. I will list them for your understanding and you should use them because there is:
Safety of investment
Availability of compensation
Safety from getting scammed
Timely risk warning by the broker
Margin calls
Transparent trading operations
Feb 06 2021 at 06:22
Garrychris554 posted:I tried doing that but couldn’t figure it out like that. I think working on demos is a better way. There is no possibility of losing and the worst case scenario is blowing up an account which I think is a part of the learning process. I have little experience with trading but I keep trying so...
@Eric Make a list of brokers you want to trade with and compare their spreads. Whatever suits you, go with it. Simple as that.
Feb 06 2021 at 11:54
Chrismorris657 posted:Why would you recommend plus500?
Hi. you can simply check if your broker is regulated or not. IC markets, Plus500, Fxview are some regulated brokers and there are multiple benefits of using such brokers. I will list them for your understanding and you should use them because there is:
Safety of investment
Availability of compensation
Safety from getting scammed
Timely risk warning by the broker
Margin calls
Transparent trading operations
Feb 08 2021 at 04:03
Ericdier752 posted:I agree that demo trading is a good way of testing your skills without having to worry about blowing your account. You can apply different strategies on your demo account and find out whether they are worth applying on your live account or not.Garrychris554 posted:I tried doing that but couldn’t figure it out like that. I think working on demos is a better way. There is no possibility of losing and the worst case scenario is blowing up an account which I think is a part of the learning process. I have little experience with trading but I keep trying so...
@Eric Make a list of brokers you want to trade with and compare their spreads. Whatever suits you, go with it. Simple as that.
Feb 08 2021 at 06:08
Ericdier752 posted:Trade with the broker who is registered/regulated under your jurisdiction. For example if you reside in UK, trade with a broker who is registered/regulated with FCA.
I just started trading live and I have such similar questions. As of now I’m confused about whether it is important to trade with a domestic broker or offshore regulated brokers are good too? Any suggestion will do.
Thats how i choose a broker. It gives better security to your account.
The more your practice, the more you learn.
Harshalgibbs posted:I am not much sure about demo trading because it fills you with confidence and when you go live, nothing seems to be working. For me, demo trading is nothing more than wasting time.Ericdier752 posted:I agree that demo trading is a good way of testing your skills without having to worry about blowing your account. You can apply different strategies on your demo account and find out whether they are worth applying on your live account or not.Garrychris554 posted:I tried doing that but couldn’t figure it out like that. I think working on demos is a better way. There is no possibility of losing and the worst case scenario is blowing up an account which I think is a part of the learning process. I have little experience with trading but I keep trying so...
@Eric Make a list of brokers you want to trade with and compare their spreads. Whatever suits you, go with it. Simple as that.
Feb 08 2021 at 10:00
Garry, I agree that you won’t lose anything when you demo trade. But if a strategy works well on your demo account and fails when you go live?
Feb 09 2021 at 04:30
Mathewshayden posted:It is meant to happen because of the unpredictable nature of the market. That’s why it is said that there are no guarantees in the forex market and you have to be prepared for anything and everything.
Garry, I agree that you won’t lose anything when you demo trade. But if a strategy works well on your demo account and fails when you go live?
Feb 10 2021 at 06:36
The markets can churn the real traders out if they do not get on the track. If the strategy which they are using is not working then definitely we should change the strategy. Brokerage is only one part of the trade.
