Avoid brokers that offer signals or guarantee returns when trading with them. They are definitely a scam broker as they will bait you in with some...
Knowing how to choose the right leverage is definitely important. Leverage is always a double edge sword and I find newbies tend to overuse their...
There are multiple trading strategies but each trader will have a different preferred trading style and method. Therefore i believe the best...
Forex market changes all the time and there are many factors that can influence the price. Traders that can constantly learn and adapt to the...
If you are a new trader without much experience then yes, it's better to avoid exotic pairs as you lack the knowledge and discipline to handle...
You can open a demo account to practice alongside your learning progress. IMO you will learn faster when you open a position for your strategy or...
I think it's still important to set up stop loss in case the market goes again and you may not always look at the price chart, it may not protect...
I hard agree that learning is absolutely important in the trading cause without the knowledge to trade then you are essentially just gambling your...
part-time trading works just fine imo. It's less stressful as your income isnt entirely rely on your trading. It takes time to build a consistent...
it's not illegal but non-registered fore brokers is often just a scam so you are better to find a trusted broker to trade with so your money is...
a demo account is nice but i would argue a micro/cent account would be better for beginners as they only need to commit a small amount of capital....
i agree, finding a trading style that suits you and then choosing a broker that is best for that trading style would be a preferred way. If you...
The forex market still has the highest liquidity and low commission cost. Volatility can be considered both risky but also more opportunities for...
Forex is a long-term gain and definitely a get-rich-quick scheme. A new trader should focus on getting proper education on trading and understand...
TikTok can be a trap for beginners as said above cause of the unrealistic gains being show on tiktok that make it looks so easy. So yeah they can...
First step to proper money management is set a risk/reward ratio and stick to it so you can ensure you arent risking more than you should per...
If you have experience and wanna go for something riskier, then exotic pairs are worth having a look over. The higher volatility and higher swing...
Scalping is risky cause it requires a lot of experience and proper analysis to identify a good entry point to start. You also need to have a...
you can also just check for yourself as there are a few key things to look for. What regulation do they have? Are they ECN or DD brokers? What are...
i'm using AximTrade which is an ECN broker that is regulated by ASIC, they have quite tight spreads and fast deposit/withdrawal so it has been...
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