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...
We can reduce the chances of loss by taking calculated risk as well as using stop loss.
Bonuses come with certain terms and conditions so we need to go through their terms and conditions before availing them.
There are a few brokers which started offering swap free accounts to muslim majority regions.
I havent used both ctrader and mt5 because i am trading through the mt4 but in future i guess i will be shifting to the mt5 if mt4 get...
Everytime i make money on my good trades give me motivation to let go off the losses i incur during bad days.
They should learn first but they only see forex as easy money , it is easy money no doubt but the way to earn this easy money is really hard.
Then they will be charging commission to cover up their profits IMO!
Exactly, fxfactory calendar is a good source moreover most of the brokers also share economic calendars on their website.
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