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Forex is really challenging to the neophyte traders because they don’t have enough knowledge about how to treat Forex. They even don’t know how to select a regulated trading broker. As a result of this traders are being cheated in a huge number. FXDirects is a broker allowing traders with 50% deposit bonus and other facilities moderately.
Day traders shouldn't risk more than 1% of their forex account on a solitary exchange. You should make that a firm rule. That implies, on the off chance that your account contains $1,000, at that point the most you'll need to risk on an exchange is $10. On the off chance that your account contains $10,000, you shouldn't risk more than $100 per exchange. Indeed, even great traders have series of losses; in the event that you keep the risk on each exchange little, a losing streak can't fundamentally drain your capital. Risk is determined by the difference between your entry price and the price at which your stop-loss order becomes effective, increased by the position size and the pip esteem.
Without learning about Forex trading it is very dangerous for the traders to learn Forex trading. Trading in Forex is one of the most difficult tasks to the traders, but if one gets proper education and guideline about trading he or she can achieve his success. Forex4you is one of the transparent and reliable brokers in the market and they always provide active customer service by 24/7 for all types of Forex traders.
The newcomers always try to earn money quickly. It is quite impossible in forex. The newcomers should know the rules of forex market first. They should learn the basics of forex trading. To know the basic knowledge of forex practically they can create a demo account in TP Global FX. It will help them to trade in forex with lower spreads starts from 0.01 pips. It also give them high leverage which is 1:500 maximum. It can also be with them like a shadow in their forex trading. The trading system is very easy. For me, it is the best option to know about forex for the newcomers.
For earning good money in Forex business to the Forex traders the bonus offer is very much helpful. But there are some fake brokers who offer attractive bonus which you can’t use in live trading due to mane restrictions. ForexOne trading broker is one of the top rated and regulated brokers who allow wide range of deposit bonus, cash rebates and welcome bonus. Al these help me to earn extra money.