Major pairs like EURUSD or GBPUSD have good liquidity for trade and they have less spreads as compared to the exotic trading pairs in my opinion.
Every business has a boom like the case in crypto as you are saying however in my opinion, currency pairs market is among the evergreen markets i...
Remember forex trading is a very professional market which does not spare any traders mistake so learning knowledge is very important before...
Forex news and other stuffs are available on all major platforms however in stock trading it seems like we need an insider to trade that specific...
Major pairs are more liquid, less volatile and comes up with tight spreads as compared with the exotic currency pairs.
At least a demo can be traded for a minimum of six month before jumping to the live trading in my opinion.
Yeah, many putting buys and others putting sells at the same time thinking they all are clever.
I also suggest we can start with a demo and then after learning proper skills move to a micro account to further test our skills plus broker with...
Yes it is very professional market which does not actually spare even a single trader's mistake in my opinion.
MIcro can also be a good pick to test those processes what we actually can't test on the demo account like the withdrawal etc.
Yet we have to manage between this unpredictable market because nothing is predictable in the forex trading industry.
Exotics comes up with low liquidity and high spreads in my opinion. However those who wish to trade should trade at their own risk.
I would say first start with a demo account and once traded it for as little as six months we should move forward to other live trading account...
Agreed because major pairs are highly liquid and less volatile as compared to the exotic pairs in my opinion.
There are a lot of hurdles which we have to clear in order to become successful and once anyone is successful no body actually see his dark failures.
Only demo account is the beginners' place where they should stick to at least a minimum of six months before jumping to real trading account.
Always wait for confirmations and then enter the market otherwise stay on the side lines protecting your capital.
I think if we are in learning phase then better sticking with a demo account which comes up with virtual funds so even if we lose we actually...
New traders lose money in forex and some also losses more money while chasing their lost money however those who let go off these losses...
Using stop loss and cutting off the losses earlier can help us reducing the risks of loss because bad day can also occur to professional traders...
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