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Beginners must carefully start trading and choose the broker, because there are thousands more brokers in forex world, but not all of these companies are trusted. Make deep research like regulations, trading fee, rating brokers, and reviews traders to minimize entering scam companies.

There are so many mistakes could happen in trading tha can be valuable lesson if we can learning from it. Greedy, over confident, fears, fear of missing out. including  a mistakes that appear from own selves and we can learn from it to improve skills.

Money management has important role in forex trading, how the money management work is this is like a umbrela to protect us from the rain and hot sun lighting. Good trading strategy withut a good money management, failed eventually.

We can make money from scalping trading when this trading strategy suits us, because not all traders like scalping due leads them in high emotional pressure when face mistakes

Forex money management is a crucial thing to constantly making good trading plan, Although traders has good trading strategy, but reckless in trading without proper and disciplined money management, and one failure could make missing all profit. 

I already trading with FXOpen for more than nine years, and so far still become a good broker, low spread, platform support MT4, MT5, and TIckTrader, and withdrawing profit still smoothly processed. If you lose money it does not means the broker is bad, but skill is still not yet a profitable.

Trading using bots has pros and cons, including robots can handle multiple orders in one time, and this can't be human do, and robot can work all day long to stay active full 24 hours a day which humans can't do. If you face a problem with your robot you can ask to fix it in the FXOpen forum

Demo account is useful for beginners and even experienced trader to test trading strategy without any risk because only use virtual money, however The market demo and real is the same, which demo market reflects real market conditions but only use virtual money, The one point difference working demo and real is about emotion.

FXOpen still becomes my broker and already using their service more than 9 years and still becomes trusted broker. The broker also have a high rating in the crowd. In 2022 the company awarded as the most innovative broker by Traderunion

Trading in forex market need a broker as broker, there are so many broker in forex world, however I choose FXOpen because this broker is good and trusted also transparent broker. Offer low spread from 0.0 pip even negative spread on TIckTrader terminal. The company also regulated in three jurisdiction in UK, AU and EU

If still beginners they can choose micro account, this type account designed for newbie trader who want to learn trading with small budget trading and lower risk because only use cent balance, if deposit $10 hence in account balance will available amount 1000, in FXOpen micro account now can start with smallest position size 0.01 micro lot. However if already intermediate trader, choosing STP account will get better trading conditions, the spread is low, no requote problem.

On 8/8/2023 at 1:25 PM, Namu said:

Forex is indeed a very global business, so everyone pays attention. Especially when you have an EA. And does the FXOpen broker provide it too? Is it safe for traders?

FXOpen has included a broker that gives a good service, included help clients with services  Automated Expert Advisors and Indicator Script Fixes for FXOpen International Clients!,

Working manual trading or using robot all have a goal to make a profit in trading, however if using ea, it is need additional cost because to running ea all day long need VPS and it is need cost to hire VPS, even not all ea need low initial capital, there are ea designed with minimum deposit $1000

For scalping trader, choosing a broker is a matter for better trading conditions, there are types of dealing desks and no dealing desk broker, for a scalping trader choosing no dealing desk broker has better trading conditions for scalping because the spread is tight and no requote problems. Traders can open and closed orders in minutes. FXOpen is ECN broker that included no dealing desk broker.

Scalping trader are also called as snipers because they shoot the trade in near term, sometimes only needing less than five minutes to open and close order. This needs high precision time to enter and exit, maybe not all traders like this way because misleading trades could make emotions and this is dangerous when traders can't control emotions.

Using high leverage is like as double edge of swords, on one edge could boost profit, and on the other edge like a sharp knife that could make the hand bleed. Traders need always to be wise in using leverage and keep proper money management in trading. 

I choose FXOpen broker as the best broker, because trading with this company for more than nine years still comfortable with their services, the company is also regulated in three jurisdictions, UK, AU, and EU, with account micro, STP and ECN, trading platform support MT4, MT5, and TickTrader platform
 

I now only trade with one broker FXOpen. I think as long as the broker gives good services to make the clients make money by providing market analysis, education, etc, and withdrawal process is smoothly processed, using one broker is enough 

Demo account is a good place for beginners to learn trading in real market conditions, choose demo ECN FXOpen will get experience trading in the ECN network with a tight spread and can learn to explore trading instruments to find one profitable.

Development of forex trading use automatic trading will remain to grow in the future, in addition at present AI already becomes hot topic in the world, it and many robots using AI to attract users. However, we need to carefully when choosing ea, because not all ea can work like in the promotion..

Only trading in demo account will free without any risk losing real money. However forex trading is risky business, profit and loss is like as two edge in one coin that reverse each other. However if we gets bigger profit than loss hence still good performance.

If you want to learn trading and gets feel trading in ECN network, choose demo ECN FXOpen, trading in ECN network gives several benefits like as tight spread, ultra fast execution, no requote problem. Professional traders like trading in ECN broker.

If we can master scalping trading strategy, it could becomes profitable trading strategy to make money through forex trading, choosing pair low spread good average movement daily like EURUSD is suitable for scalping. In FXOpen the spread of EURUSD sometimes get negative spread in ECN account.

Trading in demo ECN FXOpen, if want to gets feel trading in the ECN network, trading in an ECN account gets more benefits including tight spread, no requote problem so the best choice for scalping, however, need to become concerns trading in an ECN account is when the news release high impact, the spread could be wider because the market in low liquidity and highly volatile. It is too risky to trade in news high impact.

Forex is worldwide business, in the big pool with full money it is common thing will there are some people entering the pool sometimes violating rules with scam other people to get money. If likely you find any offer profitable EA with guarantee profit or money back guarantee, check first deeply, because there are some traders experience stated money-back guarantee is only like a lump of sugar to make fruit, when they claim it the seller doesn't respond it.