Recent content by Gorm

I don't use price action. There are many other trading techniques that do not involve trading without indicators

I think it's unlikely the company will give such a bonus on good terms. I would recommend using a cent account or small no deposit bonuses.

I'm going to disappoint you. Brokers who have the licences you have identified tend to have offshore subsidiaries. Most traders trade with these very companies. The licence is more of a marketing thing.

You forgot to mention cent accounts. I spent most of my training time in a ForexChief cent account. Prolonged training on demo trading can be detrimental to the trader in the future. In this case, trading on cent account is more preferable.

In fact, only a small number of traders are profitable. Most traders unfortunately lose money on forex.

I don't think it's 100% possible to avoid cheats during training. It is important to learn from your mistakes and not repeat them in the future.

The market is influenced by many factors. It is therefore very difficult to account for and list all the factors. So there is no need to dwell on it. It is important to keep an eye on the chart and make the right decisions.

It is dangerous when traders use high leverage. For example, ForexChief gives 1:1000 leverage, but I use a maximum of 1:100 in order to reduce risks. In this case, I significantly reduce my risks.

You have to be critical about everything. In this way there is minimal risk of being deceived

Yeah. I started out on the forex forums myself once upon a time. There's a lot of really useful information on forums. Sometimes it's hard to find, but it's there.

In fact, you will probably be trading with a company that is not ASIC-licensed but registered offshore. Many companies do this.

I would recommend moving to a cent account over time. ForexChief, for example, has good cent accounts. Because long trading on a demo account is relaxing. One ceases to take trading and deposit seriously. Because it's not real money there and it's not afraid to lose it. It is a bad habit.

Personally, so far I am happy with ForexChief's terms and conditions. So I don't intend to change forex broker. I think choosing a broker is the easiest problem in forex ))))

I think it is the traders, not the broker, who come up with the trading methods

I recommend abandoning the indicators altogether. Try to do away with all indicators and trade on the chart. Take a demo account and just try it.