Everything has to be tested. A broker can write anything on the website. But it does not mean that the information given will be true.
Type: Posts; User: Forexx
Everything has to be tested. A broker can write anything on the website. But it does not mean that the information given will be true.
You have to be prepared for it to take a long time to learn. In some cases, years. I studied for more than one year.
Has anyone tested this on a real account?
Some brokers also provide cent accounts. I think this is also an important factor for a beginner to learn successfully. I myself started trading with a ForexChief cent account. Many of my...
After a demo account, it is best to test strategies on cent accounts. Only after that can you test on a standard account.
Almost all brokers now offer ECN accounts. I trade at ForexChief and they also have an ECN account. I think these days it is harder to find a broker that does not have an ECN than one that has an ECN.
Learning to trade from textbooks alone is impossible. It takes practice.
The problem is that many regulated brokers are not really regulated. For example, a company has a branch office which has an FCA licence, but we trade in a company with the same name but a different...
It all depends on the trading strategy. Making a profit every day is very difficult. Sometimes you have to be prepared for losses too. It is important that losses are limited and do not affect your...
Trading conditions are an important success factor for many traders, but not all. It all depends on which trading strategy the trader is using.
That's why everything should be tested in practice. I...
A trader's success depends mainly on the trader, not the broker.
Trading for a long time in a demo account is not good either. I would recommend that beginners gradually move to cent accounts. Especially since Roboforex, ForexChief and other companies provide cent...
I still prefer to trade currency pairs. The trading conditions are most attractive there.
It is important to remember that in the forex market you can not only make money, but you can also lose all your money.
At the initial stage, it is important to understand how the market works and you need to gain experience in real trading.
For a forex trader, long-term factors that affect the market are not very important.
What is Nadex? I trade at ForexChief and trust this broker, but I have never heard of Nadex.
I'm against trading signals too. It is better to learn to trade on your own. ForexChief broker where I trade does not have an education centre, but there is a good cent account for learning and...
I think the peak of popularity of forex has already been passed. In recent years, many have switched to trading cryptocurrency on cryptocurrency exchanges. Maybe soon the whole cryptocurrency story...
We traders, first and foremost, should focus on learning how to trade and improving our skills, not on choosing a broker.
It should be understood that this is a very risky tool and it should be handled very carefully. For example, ForexChief, where I trade, offers 1:1000 leverage, but I never take leverage higher than...
It is possible to switch to a cent account earlier. I only traded on a demo account for 1 month, mastering the trading terminal. After that I took no deposit bonus on cent account in ForexChief and...
If the forex market is not so complicated, then why it earns no more than 5%?
First of all, you should pay attention to learning how to trade, and only then focus on choosing a brokerage company.
In fact, your success as a trader does not depend very much on your broker. The end result depends first and foremost on the individual.