Recent content by jacko

As I've mentioned in another thread, I wouldn't trust a broker which offers bonuses.

You don't really need to ask these questions as all the information is freely available on the brokers' websites already. Even CFD comparison websites have this information freely available like here. But it's true that traders should keep an eye on regulations and charges.

People shouldn't really trade with brokers which offer bonuses.

Most of the brokers in 2023 offer a fantastic support and low variable spreads. It's still worth comparing forex brokers though.

Just to add... I wouldn't trade with a forex broker which offers sign-up bonus. for example, you can see a list of top forex brokers here and none of them offer any bonuses because UK & EU regulated forex brokers cannot offer bonuses to gain traders and push them for more deposits.

Yes, I would only trade with a regulated broker and then choose the features and spreads I need.

For beginners, I don't think broker type is important as at first you need a reliable and trustworthy broker and don't need to worry how your order is executed.

Not much we can do with emotions, we're all humans after all and that's why it's important to have a trading plan so your trading plan actually controls your emotions.

Having stop-loss is imperative for those who trade news.

Make sure your broker is regulated and reputable, read some reviews online.

I think it's always a good idea to check real customers' reviews on sites like trustpilot and review centre. It's normal for a broker to have mixed reviews though.

I understand forex involves luck, just like any other endeavor. And it's true that forex attracts many gamblers especially after binary options were banned in Europe. But it doesn't mean you have to gamble if you want to be a successful forex trader.

Scalping is not suitable for many traders as it requires staring at the screen, for some it's too time consuming.

The post is good as you explained the most commonly used strategies in Layman's terms. Prefer range trading as it's so simple and efficient.

Yeah, I could never understand it... people think the most complicated strategies are the most profitable ones. What is the point of a strategy nobody can understand?