radex78

Risk in trading becomes part of forex trading, we can't fully eliminate the risk in trading, however, we have the minds to control these risks based on our preference. Forex risk management is also important to keep our trading on the plan to reach the final goal, however, the golden rule for investing money in a high-risk business including forex is just to spend money that affords to lose.

Forex trading could become a long-term investment, and choosing a reliable broker is very important, because there are so many so many scam brokers in the forex world, to minimize these risks faced by scam brokers, choosing a regulated broker is safer than an unregulated one. I use FXOpen broker regulated on ASIC, FCA, and CySec

Professional traders most of them working trading forex with big capital in account trading, in addition, bank traders, will use the big fund and deep analysis in forex trading. Not all traders enter qualified as bank traders. Retail traders invest money based on their capability, it is various number for each trader investing money, trading with FXOpen, we can start even using only $10. And still available good opportunity to get free capital trade in the real account by the free contest in the forum.

No risk no gain in forex trading, if traders want to get profit from trading, they must take the risk, and in the forex market basically, the price is dynamic and sometimes unpredictable, we may face mistake analysis despite already tries make the best analysis. It is impossible to eliminate the risk fully. Loss is part in trading sometimes inevitable. But with patience waiting for good momentum, the risk could be minimized.

I see, there are so many traders who like manual trading, using robots or manual trading has its own pros and cons, manual trading is cheaper than trading using a robot, and the risk itself depends on the how trading performance of the trader itself or the robot itself.

I like scalping trading choose pair EURUSD, this pair has good average movement and also in FXOpen could get negative spread using TickTrader platform, often I only use pending order by setting up stop loss and target profit.

Security could become the main priority when choosing a broker, no anyone trader wants to enter into a scam or cheating broker, the regulated broker is safer because they work under regulation, and the regulation agency work to protect investors. Regulated brokers have proven the company safer than unregulated for investors this is important, one proof that regulated broker safer than unregulated is FXOpen already worked in the financial market for more than 16 years, this company is regulated in ASIC, FCA, and CySec as top tier regulation agency.

Thousands of brokers in the forex world, beginners are probably confused about how to choose the broker, how to choose the broker should have criteria including. Regulated broker, trading conditions, transaction fee, customer support, payment processor, platform trading, type account, and traders review. I trade with FXOpen ECN broker, regulated by ASIC, FCA, and Cysec, Good trading conditions in the ECN environment, the transaction fee is low, even get a negative spread on the TickTrader platform, and Customer support 24/5 a week. payment processors available in many ways including Bitcoin, platform trading support MT4, MT5 PC and mobile, and TIckTrader platform support PC and mobile too. Type account, micro, STP, ECN also crypto. Traders' review is good on Trustpilot

Each trader has own story in the journey trading career, personally, I trade with FXOpen for more than ten years and the company has a good track record in the financial market, get awarded the best ECN broker in 2021 by IAFT and as an Innovative broker 2022 by traders Union, in the near future the company sponsored free contest trading demo account on TickTrader terminal, with the title 'TickTrader challenge'. Join the free competition and has an opportunity to win up to $120.

Scalping is short-term trading with small target pips of roughly 5-10 or a maximum of 20 in a single trade. However scalping traders could open and close orders many times a day, and active scalpers could make 100 trades a day trading. Some traders maybe use scalping robots to replace their hands to work in trading.

Trading with big capital compare to using small capital indeed will different results, logically use bigger capital will make a bigger return, however using bigger capital does not guarantee will getting good profit if traders are still reckless to use their margin. Greedy is the big enemy that comes from own selves, despite trader use big capital if greedy become habit hence will only leading to margin call.

In day trading does not always use indicators, sometimes like trade-based price action and candlestick patterns with an emphasis on risk management plan tightly. But I like the indicator Bollinger band and RSI and MA line. It is simple and easy to use.

The demo account is free to use, working in a demo account we can develop a trading strategy without the worry of the risk of losing money because only ise virtual money, sometimes I also use demo ECN FXOpen to learn new trading strategies.

Yes, we can learn forex for free because there are so many resources available for free like as reading articles and watching videos. But out there, there are some people who open forex class education and get earnings from teaching their students.

The latest technology help make forex grow nowadays, traders easily access the forex platform to start trading with a PC or smartphone. One advantage of forex including we can start with small capital even less than $100, depending on the broker too, in FXOpen minimum deposit of $10.

As long as the broker we used gives good trading services and we can trade comfortably hence we will enjoy using the broker's services, sometimes the problem is not about the broker, but the trader himself who still has difficulty to making consistent profit.

They offer Islamic accounts, you can contact support to get further detail, basically swap apply when opening a regular account, when let order is opened overnight will charge by swap fee. FXOpen is a true ECN broker, as long as fast connection internet speed is fast, no requotes. However, need to know, FXOpen uses a variable spread starting from 0 like EURUSD, it is possible the spread could vary depending on the liquidity market, but often I trade EURUSD with a spread around 0 pips to 2 pips on EURUSD.

There are free forex contest competition at forex.game now, with title "TickTrader challenge" the winner could get a price up to $120, at present registration already open and the contest will start at May 22 until June 02. How to join the contest can learn at Forex.game TickTrader challenge

FXOpen also offers a PAMM system, usually in a monthly update the company shows the best PAMM manager in a company blog, an investor can join in the PAMM FXOpen with an open investment account and then choose the good manager PAMM to invest.

Choosing the broker is important for long term business, reputable broker has long time experience in the financial market and get good feedback from their clients. One point to choose the broker is make sure the company regulated, top tier regulation agency like FCA, ASIC is considered a good regulation body with strict rules to protect investors.I trade using FXOpen and this included a good broker with many positive reviews

In manual trading we can measure the risk level properly in the plan trading, trading using robot need additional costs like hiring VPS and some robot designed for big capital. Trading with FXOpen, I often work manual trading too.

Each broker has its own pros and cons, but as long as trading with the broker feel comfortable and has no problem, we will stick to trading using these companies, I traded with FXOpen already more than nine or tens years and feel comfortable, and no intention to looking another broker.

The broker has an important role for traders, because traders need the broker, and the broker also needs traders, choosing a good broker will make you comfortable in trading and when able to make money from forex trading, withdrawing profit will become the most fun time for traders, Withdraw money from FXOpen cabinet is always smoothly processed.

Learning from the theory is good to broaden insight about forex trading, however the most important is learning by doing, practice in the demo ECN FXOpen broker is free without any risk, and you can find suitable and profitable trading strategy through a demo account, despite demo account cannot develop good psychology, however, remain useful for beginners.

In the forex world, there are broker Dealing desk and no dealing desk, in the broker dealing desk or bucket shop broker, if the trader loses hence the broker win, likewise, if the traders win hence the broker loses, so there are suspected about stop loss hunter, requote, inappropriate trading strategy become reason from the broker to blocked account traders. But trading in no dealing desk broker, the trading condition is good, and all trades are instantly executed without any problem, except if you have slow connection internet. No dealing desk broker is more honest than a dealing desk broker, FXOpen ECN broker included no dealing desk broker.