Recent content by jeanpatterson

Go through the trading costs being charged by the broker. Pick a broker with low commissions and tight spreads.

Hello all! I am thinking of getting started with copy trading. I want your opinion on where I can find traders to copy and what steps to follow to identify the right trader.

Commissions, spreads, leverage, or execution speed are the most common factors that are considered while choosing a broker which is great. But I’d also suggest going check the online customer's reviews on some genuine reviews before you start live trading.

Besides low spreads and commission, when looking for brokers, I also check that it gives quick checkouts and have fast trading execution speed.

Hi, are there any good forex brokers that allow CFD trading in the US? I’ve been searching for them but apparently, not many brokers accept US traders. But, I’m sure there are some that do, so if anyone can suggest good CFD brokers, it’ll be great, thanks!

Don’t just look at the spreads because other features like withdrawals and executions are important too. Your focus must not just be on saving money but also on hassle-free trading.

Very well explained. Of course every trader needs a proper strategic trading plan to carry out trades and this is the first step of beneficial trading. Those who start trading without any prior knowledge face nothing but losses.

Build an exit strategy even before you build an entry strategy. Stick to your trading plan and never let any distraction make you make changes in your plan.

Will look into them. How quickly do they process the withdrawals? I hate waiting for days for my funds to arrive.

Hi Mercor, I do have good knowledge of technical analysis, and moreover, I have tried scalping on a few occasions in the past.

I have been a swing trader since the start of my trading journey, but now, I’ve decided to try scalping. Identified a few good pairs as well, EUR/USD, GBP/USD, and AUD/USD. But, I won’t be scalping with my current broker because it doesn’t offer good leverage and has a high commission fee as...

For many new traders, copy trading seems to be a good opportunity to learn directly from established traders. But as it may make you too dependent on other traders, you must find your own strategy to trade once you have learnt enough.

No, it is not expensive at all. in fact, it is one of the most affordable financial activities. When I am just testing the market, I trade with $5 or $10 and there are not restrictions.

I am a fan of price action strategy. I think it’s better than using technical indicators that often complicate trading.

A broker might be good for other traders. But it’s useless for you if it doesn’t fit your trading needs. Consider your affordability while making a choice.