Yes this is good idea and more safe than we compound profit, first as goal is withdraw money from account trading until reached break even point, with making withdrawn regularly also making minds become fresh and we can start with calmly
We can not say any thing about the future of anyone not even for broker so we have to find one which is more reliable right now. And trust them as we dont know about future of any one in market.
As long as I am using service from broker and still smoothly, I am still comfortable and will using these broker, but usually will withdraw profit if I can increasing my money from initial investment and left amount capital to start again
I m I must say that's a very long term, but have tried discussing with them any other possibility of an alternative. Am saying this because it is not very nice to switch broker all the time, there is no consistency there. But the decision is yours, I strongly feel a mutual discussion between you and your broker would go a long way!
Yes decision will eventually will back to trader, might trader can trying to diversify account on several broker to diversify money not only on one basket, so if one get problem still there are another hope will getting success
Radex, I would agree, but this should be a decision from the start that you would want to have many brokers so you can invest in different place. What if you had all your funds in that broker and there was no way withdrawal to open another account with another broker?
Good to hear that you are happy with your broker and having great experience with him. Not every newbie has the same experience as he dont know within which broker he should invest.
there are many good brokers, personally i trade hotforex for a couple of years now, thats the safeest i can recommend based on my experience though i do trade other brokers as well, but keeping my def up just incase.. do some comparison and research that should help a lot.
In my opinion we need to withdraw our profits regularly from our broker to keep a check on them, so if any broker defaults we can able to recover maximum of our ROI.
Yes I think this is good idea, withdraw profit everytime when able making profit, might if trade with dealing desk broker if making too big profit hence will worried if not paid