So, being regulated does not = safety when it comes to choosing a broker. There are some really good unregulated brokers out there and there is a stigma surrounding them that needs to be debunked. At the same time, claiming to be regulated when you aren't is a red flag.
I think that focusing on yourself and your skills is much more important that chasing goals surrounding making certain dollar amounts. Self-improvement leads to more money down the road.
There have been several times where I got stressed out trading. Taking a break to get some fresh air usually does the trick. Sometimes I even just take the rest of the day off to sort of reset.
You could always choose a broker like Hugosway or Trade245 that offers no/low minimum deposit (around $10). No need to deposit thousands or even hundreds of dollars if you don't want to.
It's super important to look at costs when researching brokers, as this directly affects how much of your profits actually wind up in your pockets. Being able to open a trading account with a low deposit around $10 - $100 is also a huge benefit to beginners that may be hesitant to deposit more...
I think all beginners should journal from the time they start on demo. It's definitely worth it when it comes to reviewing your progress and improving or fixing mistakes.
Always do your research online to avoid these type of scams...I so so many scam reports where the name is changed or website shuts down after the scam is completed.
1.) Check for transparency about costs and information on the broker's website. If they don't list these things, they're hiding something.
2.) Check online for feedback. If it's bad or there is none, move on.
3.) Read their terms & conditions to look for anything that stands out - also, check...
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