Recent content by smithanderson

Initial capital needs to be low, I deposited just 100 usd with my broker avatrade because I wanted to check the trading environment before going big.

Before you choose the broker for trading commodities, check their trading costs like, commissions, spreads and other charges. Prefer trading with broker that have low trading costs and transparent trading pricing.

The right broker for scalping would be the one that offers tight spreads, high leverage, and a low commission fee. Fortunately, there is no shortage of such brokers, and one could easily find such a broker with little research online.

I don’t prefer copy trading, nor do I suggest it to anyone because it doesn’t let you grow as a trader and you also have to share your profits with other trader

Look for broker’s trading costs and the quality of customer support service. A broker with low minimum deposit requirements works fine for new traders.

Great article! Along with these features, also check what measures your broker takes to keep your money and transactions secure. I am quite sure that you don’t want to put your money with just any broker.

Not all brokers are worth your money. No matter what they say, you have to find whether they are reliable or not on your own. And never trade with just one broker. You may find different features in different brokers.

There are some very good courses online like The complete forex trading course for beginners on Udemy and another course by Forexsignals.com. Before choosing any course, it's best to consider time, cost, content and style of the course. Some courses have pre recorded classes and give you access...

All these success stories are really motivating. Infact I'm a big fan of Bill Lipschtz and love listening to his interviews and reading his books. I hope these success stories don't set any unrealistic goals in new traders's mind and they understand that there goes a lot of hard work behind what...

What's the minimum deposit requirement with them, and withdrawal time?

Copy trading can really be a good opportunity for beginners without sufficient trading skills as they can earn profits with the help of someone else’s ability with barely any effort. It is also helpful for those who lack time to trade on their own but still want to participate in the market and...

I’ve never heard of any trader following grid strategy without automated stop orders. I'm really amazed and curious at the same time about how you are managing it but if you are making profits, that’s all that matters.

Fear is very common in new traders as we don't have the required experience at that time, so we naturally feel less confident.

Is your strategy viable during volatile hours or do you only trade when the market is relatively quiet?

That’s interesting! Although I would never dare to enter a trade without any stop loss. Knowing how much I can lose on a trade allows me to plan my trades better.