Recent content by Mercor

Low cost brokers are helpful for beginners, it is possible for anybody to enter the market because of low min deposit requirements.

Tight spreads are very important while trading forex. They reduce the overall trading costs. And even at high volatility the trading cost remains comparatively low.

All the traders have different set of requirements when it comes to broker. Charges imposed by the broker remain a unceasing factor. Lesser the trading charges better it is for traders.

I hope you have good knowledge about technical analysis because that’s what is needed in scalping. Regarding brokers, you can choose any that offers narrow spreads.

Not all brokers offer exactly what they advertise. Sometimes, it’s just a matter of winning more customers and taking trading fees from them. You have to be careful about your choice because not all of them are worth your money, trust, and time.

Just like normal trading, copy trading also requires a solid strategy. Copying trades without a strategy will not bring as good results as you would have expected.

Firstly, thanks for sharing this valuable information. This is one of the basic information that each one involved in trading must know. Calculating pips helps to understand the market trend.

Don’t commit to a broker until you are comfortable trading with them. Make use of their demo account or micro account to be sure about your choice. Forex trading is already so stressful. You don’t want to be worrying about your deposited money all the time

Lower spreads translate to lower overall trading costs and it is especially very important for scalpers who dip in and out of positions continuously to make small profits. If spreads are higher, traders are only left with a small portion to take home and sometimes not even that if the number of...

Spreads are one of the most important criteria for selecting a broker especially for beginners, who trade with low capital and can't afford high trading costs. Found these 2 good reads on spreads https://www.forum.forex/threads/why-low-spread-brokers-are-important-in-forex-trading.1085/...

Instead of looking for a broker with low deposits, look for a broker that has low trading costs and high leverage if you want to make good profits.

You have to set your own criteria to be sure that you are making the right choice. A broker might seem to be good when you are reading about them but might not necessarily be the same when you actually start using them. Be careful about the choice you make.

Look for aspects like high leverage, reduced slippage, and low commissions in your broker.

I think the following tips can help you in trading forex, Do not start live trading without enough practice on your demo account. Always control your greed and avoid impulsive trading. Do not plan your profits, rather plan your strategies. Always be prepared to digest a loss in trade. Always...

Using your risk management tools can reduce the chances of incurring a hefty loss in forex trading. Though it is impossible to avoid losses in forex trading, you must have that mental set-up to digest your losses. Otherwise, you won’t be able to sustain yourself in the market.