Recent content by Venencia

Do automated signals work similar to copy trading on platforms like Zulutrade or eToro? What’s the major difference between both?

Better trade commodities on the demo account of the shortlisted brokers before actually signing up to trade live.

Spread is defined as the difference between the price offered by buyer and the price at which seller wants to sell. Tight spreads indicate that the orders are placed fast, increasing the execution speed which is really important when it comes to scalp trading strategy or day trading strategy...

Go for a broker with thin spreads. Thin spreads will lower your overall trading costs.

I have traded with several brokers that offer deposit bonuses and trust me; they work great. You do have to fulfill certain criteria but once you have received your bonus, you get to enjoy trading at your own terms.

Every trader has his/her own set of requirements when it comes to brokers, but I guess the feature that remains constant is the charges levied by the broker. The lesser the charges the better it is for traders, and thankfully, it is not that hard to find such brokers these days.

While taking care of all these things, traders must also check how the broker’s customer support team is. You need an active and supportive team while you are trading.

You can only know whether a broker is genuine or not through online reviews. But whether they fit your trading requirements or not can only be determined on the basis of your personal experience.

Forex is a great way to generate money, but it shouldn't be your major focus as a novice. Getting to a situation where you can earn consistently, requires time, patience, and a lot of study..

Applying opposite trades with equal lot sizes is a form of risk management called hedging. However, while reducing risks, hedging also reduces the overall profits. If your loss in one trade is more than the profits in another trade, your overall profit will be negative, meaning the outcome of...

Hi! I hope you are doing well in these harsh times.

This post is a good guide for beginners. Keeping your drawdown in control is very crucial to get successful in trading. The formula is explained well in an easy manner. Thank you for your time and efforts. Appreciating your willingness to share your knowledge to help beginners.

I would say the forex market is a place full of opportunities if you have the patience to learn and grow. The risk is definitely a part of the forex market but once a new trader gains knowledge and skills that allows them to surpass the risk; they will get rewarded with profits based on their...

A good traders forum helps newbies and even experts to interact with different people which helps them grow their network and exchange thoughts, views and ideas. Newbies get to increase their knowledge by clearing any doubts to make decisions better. Traders can backtest different strategies...

People only get scammed if they lack basic knowledge. To avoid this, before you believe everything you see, take some time to research those websites and check legitimacy. The wider the market grows, so will scammers. Be aware and alert, always.