@Thaumatology 100% correct. There is no point in signing up with a broker which has a poor customer support as you might face some technical queries that need to be addressed immediately So, this is one factor that you can't ignore.
These are great points! Beginners need to know what they’re getting into, knowledge and skills have to be picked up and applied efficiently if they want to survive the tricks of the game.
The broker I’m trading with (aaafx) is an ECN broker, but their commission is just $0.99/lot, leverage 500x and no requotes. I’m a day trader so haven’t paid any rollover fee, but yes there might be some fee for keeping the positions open overnight.
When trading, most people neglect to control their emotions. When they examine their trades after losing a particular amount, they are astonished to see that they made silly errors simply because of their emotions at the time.
Your plan of action will depend on a variety of factors, including your personality, your level of education, and the amount of money you are willing to risk. Probably the first thing you should do is spend time learning it and developing your plan.
A good forum is a great way new traders get to interact and share their concerns with fellow individuals like themselves. It is an amazing technique to get to know the market from a different angle and once experiences get shared, room for improvement gets created. Newbies need to let out their...
Thank you for explaining breakout strategy so well. It is a very profitable strategy in forex. Support and resistance levels must be identified for executing the strategy perfectly.
Gambling does not involve risk management or strategy. But professional traders always follow a strategy and manage the risk well for earning profits. Forex trading is not a gambling game. Trading is a skill that needs to be developed with learning and practice unlike gambling which is all about...
The rising frauds are a result of the traders being so unrealistic about the market and profit-making. They need to understand that forex trading doesn’t give them a key to a fortune. They have to work hard to become capable of earning a fortune.
Scalping requires more hard work than any other strategy in the market. When you are scalping, you can’t take your eyes off the market even for a second because a wrong trade may ruin all the wins you would have made over time.
This site uses cookies to help personalise content, tailor your experience and to keep you logged in if you register.
By continuing to use this site, you are consenting to our use of cookies.