Recent content by Didymous

Good info here, do these brokers offer bonuses?

Picking up one broker can be tedious job as there are so many good brokers with competitive trading costs. Traders should analyse their trading style and strategy. Accordingly, pick a broker whose trading conditions when combine with your trading strategy gives a productive results.

If you are a beginners choose a broker that has low minimum deposit to avoid risking unnecessary. But also consider their overall trading costs and not just minimum deposits.

It’s great that you are looking for tight spreads but for this, you will have to take the risk of trading in high volatility. Just because a broker is advertising tight spreads doesn’t mean you will get them in all situations. If you are using variable spreads, be ready for the surprises.

I have been meaning to trade a few cross pairs like GBP/JPY, AUD/CAD, and EUR/CHF, but the wide spreads with my current broker prevented me from doing so. Does anybody else currently trading these pairs? How are the spreads with your broker? If they’re good, then could you share the broker’s...

For some, it is and for others, it isn’t. It is all about how well you use your money when you are trading in the forex market. Keep the losses low by keeping your risks low.

Might sound silly to some, but is there a way I can practice copy trading to identify the best traders and trades to copy?

Because of the rising market volatility, undercapitalized brokers have been vanishing without warnings. You ought to be careful about whom you choose to partner with.

Consider asking about traders’ experiences with a particular broker on forums. You will get to know all that you should know before using a broker.

Thanks for the in-depth post on forex trading! New traders are more vulnerable to forex scams than experienced traders since they have no idea what it could be. Having a clear understanding of the market can help them decide which way to go.

Forex trading becomes a lot easier when a trader knows how to read charts. Although there are many things to check in a trading chart, the least a trader can do is identify the trend line along with support and resistance lines.

A margin call occurs when a trader is liquidated or closed out of his/her trades. The purpose is two-fold, as it could be because the trader doesn't have any money in his/her account to keep the trade open despite having a losing position or the broker is also bearing the risk for the trader's...

Exactly, there are so many people who think forex trading is not real, and they make a lot of noise, while these successful forex traders are making profits (with occasional losses I'm sure) by keeping calm.

These are all nice courses that I'm sure would help budding traders get the hang of forex trading, but studying alone won't make anyone good at forex trading. The next step after studying is practicing, which can be done through a demo account. Or, a trader can trade a micro account, as it takes...

I don't think it matters whether anyone else has heard about the broker you are planning to use. All that matters is whether the broker satisfies your trading needs or not. So, just consider that and move ahead.