Asides from the usual regulation and trading conditions. i would also suggest checking their forex account types and what strategy do they allow...
Aximtrade also has a commission cost of $3/lot with min deposit of just $1. They are regulated by ASIC and also offer cent account if you want to...
EUR/USD and USD/JYP as 2 main pairs for trading cause they are 2 most popular and has highest liquidity with right amount of volatility.
the trading mentality is definitely a big part of a successful trader. Worrying about losses and having anxiety slow you down will just cost you...
take a forex course to learn and open a demo account
It's a good idea to check out several brokers and make comparisons between them. Besides from regular license, spread is also important to check...
Pick a regulated broker with license from ASIC/FCA/Cysec so you know your money is save and use only for your trading. Anyone that offer guarantee...
i dont think there's a definitive best broker out there cause there is broker that might be suitable to this trader's trading style and not other....
a demo account is very important for beginners to practise their trading. When you feel confident then i would advise to switch to a live trading...
each person has a different trading style so they will have a strategy that works best for them but may not be necessary for others.
yes you should always diversify your investment so you arent putting all your egg in 1 basket.
it either forums or online forex course that will help you will learn so you can begin to practise on a demo account.
exotic pairs are not something beginner trader should touch, it requires much more knowledge and risk management to trade them.
major pairs are go to for all traders i think like EUR/USD or USD/JYP
taking break is definitely the best way to deal with trading losses cause continue to trade while you are frustrated will just lead to more mistakes
emotions can be dangerous for traders as revenge trade is one of the worst things that they can do as trading mistake.
Newcomers lack experience and the feel for the forex market, they are also prone to making more mistakes compares to other traders as well.
yeah, it depends on others so if you are experienced and confident then yeah maybe copy trade isn't for you but if you are a beginner then copy...
yeah keeping a trading journey is a nice way to review mistakes and your daily performance.
that is a good trading mentality. Resilient is the key to making profit in forex trading.
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