Copy trading can be quite lucrative. But keep in mind that there are risks involved and that not all traders will be profitable. However, copy...
There are several good brokers out there, and after long research, I found FP Markets suitable for me. I recommend trying them because their...
I keep track of my losses. Sometimes it's due to psychological issues, and other times it's due to my strategies. Before taking any action,...
I suggest beginners trade with properly regulated brokers that also provide educational materials to develop knowledge and strategies. You can...
I prefer trading with a micro-lots broker since the profit earned is higher and, compared to micro lots, the invested capital is a bit similar. I...
For beginners looking for live trading experience, I suggest using a lower leverage broker and trading EUR/USD since they are more volatile when...
The main distinction between trading stocks and trading foreign exchange is the instrument you are using. While stocks (shares of companies) are...
It is important to learn about your broker before trading live with them, as well as whether their trading conditions are advantageous. For...
Rather than using indicators, traders use the price action approach to make decisions based on price changes. Essentially, traders observe price...
A demo account is essential for beginners to practise their trading. When you are confident, I recommend that you switch to a live trading account.
You can use offshore licences from certain brokers like ICM and FP Markets. They do provide a max leverage of 500:1 when choosing their offshore...
In my opinion, FP Markets is a better broker than others because their trading conditions are among the best, with tighter spreads and faster...
It is best to avoid trading with high deposit brokers because they are either scammers or come with T&C to obtain the deposit, which makes you...
EURUSD or GBPUSD are good options for beginner traders, and for me, USD/JPY works the best.
You can try my current broker, FP Markets. The spreads are some of the lowest with commission cost at $3 per lot, and they have a minimum opening...
My trading pair has always been the EURUSD because of its volatility, and the EURUSD spreads are tighter than most major currency pairs.
My advice would be to compare several brokers and find the one that is suitable and that can be profitable during live trading.
I prefer trading only forex since it is the largest market in the world, even though I sometimes try my hand on other markets since forex is much...
It is not illegal, but it is not safe to use a non-regulated broker because they can be scammers. So it is better to trade with brokers that are...
It is good to keep monitoring and tracking your trading performance as it can lead to improving your trading strategy and avoiding previous mistakes.
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