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Forex has become more popular nowadays. People often search for good trading platforms to trade. MT4 and MT5 are the most trusted trading platform on the market. Many brokers like Eurotrader offer both platforms in the market. In trading platforms, traders can choose from multiple order types and execution modes, and have a rich collection of technical indicators and analysis tools.
Forex is a difficult Money making business. You have to acquire specific knowledge and skills. Without skills you will lose money continuously. And for skills you have to spend time. If you think forex is easy, don't come to here. You will lose your hard earned money. If you can give time and efforts to learn, you can give a try. Remember fir trading you need a very good broker. For this I use Forex4you, a fully licensed and regulated broker with customer oriented facilities.
Beginners should trade demo account minimum for 3 months for acquiring real trading experience which is very supportive to continue a live trading in a proper way. but they don’t believe the importance of this trading place at all. so it would be better if they start minim live account instead of demo trading.
Education is must for forex trading. without any knowledge it is very risky to invest in forex market. besides traders have faced a lot obstacles during trade. trader can get education by opening a demo account, where he can trade without any risk. I am also using a demo account of TP Global FX to know about the forex market. It helps me to gain knowledge about forex.
Several brokers fall in the classification of ECN, STP and Market maker. Whenever you need to select a good trading broker, you should go for ECN broker. The facilities of Eurotrader broker are risk management-friendly. They charge low spread in majority of the trading pairs.
Forex isn’t like stock trading as there are too many differences. For both type of trading, we need a broker. For trading in both markets, you need to go for a broker, which acts as an intermediary. There are three types of trading brokers including ECN, STP and Market maker. FXOpulence provides two types of trading accounts including ECN and Classic.