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radex78

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Everything posted by radex78

  1. Forex is a legit business, however not all brokers are trusted, so choosing a trusted and reliable broker needs digging more to select a good broker for the long term, personally, I already chose FXOpen and have traded with this broker for more than ten years, grateful this is true ECN broker and included trusted broker.
  2. Introduction to unified payments across Europe Almost 20 years have passed since the wish to become members of the European Union was at the very top of national priorities for many formerly independent European countries, which had until then had their own national currency. The formation of the European Union was a natural progression from what had emerged during the 1970s as the European Economic Community (EEC), taking European countries from completely independent status, bound only by a common economic market, to a fully-fledged union of nations which would eventually have a centralized parliament and one issuer of a common currency - the European Central Bank. Since the Euro, now recognized globally as one of the major sovereign currencies, was introduced in January 1999, it has become a de facto currency for global business and a common unit for many European citizens, and worrying about transferring from one unit to another with the associated costs just for going shopping a few kilometres away just because it happens to be across a national border, is a thing of the past. Read more https://monevium.com/blog/what-is-sepa-and-how-does-it-work/
  3. Sovereign currencies, which are national currencies that are held either at the central bank or at payment institutions where deposits are 100% backed by central bank reserves, are as diverse in their value and purpose as the nations which issue them. Perhaps over the past few years, the differential in value between the most commonly used currencies in the world has been in the public spotlight more than usual, largely because, like any financial instrument, the most used and most commonly traded currencies are often the least volatile. For almost three decades, the currency markets have been considered to be very stagnant, giving rise to an overall notion that the 'major' currencies – those in which most of the world's foreign transactions are denominated – had not varied in value that much against each other. Read more https://monevium.com/blog/the-worlds-top-10-currencies/
  4. Trading without money management is like swimming in the sea without safety, it is dangerous despite the skill swimming is good, however hard waves on the sea maybe could make the sink.
  5. Security fund is very important, if you log in to cabinet trader make sure typed the correct address on the browser bar, and don't trapped on a phishing website. despite the page display is the same, if typed correct address it can secure the account. And if possible enable the 2FA authenticator to secure login
  6. Actually, bonus promotion is not always attracting traders, because there is certain rules behind the bonus, professional traders they not anymore think about bonus but will upgrade their skills to keep their investment secure and grow. So choosing a reliable broker is a must for them despite the broker not offering a bonus.
  7. The role of the broker is like a bridge, if we choose a strong bridge hence will be no worry about traveling, however, the security or not also depends on each trader, just like driving a car, despite the bridge being strong but the driver is reckless, it possible falling to the river
  8. I suggest for beginners traders learn by reading and practicing, reading from various resources to understand forex and how to work trading. While using a demo account to shape skills before starting a real trading account, I suggest using demo ECN FXOpen to find a profitable trading strategy
  9. I only trading with FXOpen right now, the company has a strong track record in the financial market with an experience of more than 16 years while I trade with this company for more than 10 years.. So far so good and the reliable company is more transparent.
  10. Money management and risk management is very important in forex trading activity, money management already counted the calculation before investing money in an account with pay attention to the amount saving money for family, don't invest all saving in a forex account because risky. Diversify capital to looking another type of investment to balance the portfolio.
  11. The scalping traders must choose trading pair that low spreads because different pair it possible to get different spreads, the most traded pair of major currency takes a low spread on FXOpen from 0,0 pips. Why scalping must choose low spreads pair because they made many times orders daily, which will reduce transaction costs.
  12. The usages of the TickTrader platform now grow in FXOpen, TickTrader platform is designed for ECN brokers, and with open one account already allows to access multiple CFD markets, forex, crypto, indexes, commodity, ETF, there are more than 600 instrument trading available
  13. Investing forex is indeed better with big funds at least $1000, however, forex is a flexible business, traders can spend small capital to start learning to trade, even use $100 if their skills are good, very possible to grow money to the bigger number
  14. It is not all traders suitable with scalping if likely emotion often stressing because scalping, better using intraday trading or swing trading more convenient
  15. Trading plans help us to manage the risk level in everyday trading, if trading blindly without a trading plan, could make over trading and the risk could higher.
  16. Trading in the financial market need passion to work out, when we have a passion to work it, it can be more comfortable in the business, let say if you like to create a video, you can becomes youtuber or something else, if like writing becomes a content writer, if like forex trading becomes trader, if we enjoy in the business, earning come easily.
  17. Forex trading included high-risk high-gain businesses, and nothing instant success in this field, how to become a profitable trader is a process, and need times to learn better, built a good professional mindset if want to treat forex as a long-term business.
  18. Maybe there are big company like a bank that uses super computer to run a sophisticated robot, sometimes I see on the chart seem weird, the price move and draws up down rapidly in second and landed in the same price, I think this is a robot trading work
  19. There are thousands of brokers in the forex world, I already choose FXOpen and trade with this broker for more than ten years, and so far this broker is a good company, all withdrawal processes run smoothly, and usually less than 24 hours have already done.
  20. Bonus no deposit attract many newbies to start using the platform trading, however, they need to learn the term and condition to be eligible to withdraw a bonus, often a number of bonus is just tricky because need to make a certain deposit and fulfill certain position size to be eligible withdraw profit bonus.
  21. All brokers usually provided demo account for simulating trading for free without any risk, you can tries demo ECN FXOpen to learning trading ECN account before start trading in real account, dnot involved emotion, it is useful to backtesting
  22. Forex is the biggest market in the world, forex is not a scam, however many people try to scam investors forex on their behalf with use forex as a way, forex scams could the scam broker, scam ea, scam fund managers, etc, so investing in forex should carefully to do. Grateful FXOpen is a good broker, this company was awarded as best ECN broker in 2021 by IAFT, and as an innovative broker by Traders Union in 2022
  23. Sometimes trading in the real account you find a hard time making a profit, back to a demo account is a good way to continue learning the market, because not all market conditions are easy to catch a profit, looking momentum trading is a way to increase profitability trading, and we can learn from demo ECN FXOpen
  24. Recently in the TickTrader challenge contest announced the winner of the contest result and the winner gets a prize to the TickTrader account, there is 6 winner contest in the final result, and were able to fulfill all the conditions of the competition, TickTrader platform FXOpen designed for ECN broker where traders can trading multiple markets through one account.
  25. The key success in forex trading is has profitable trading strategy, how to becomes profitable trader is not easy at all, it depends to the skill of traders, I see in the contest FTC 2023 forexcup.com the first rank accumulated profit more than 500%, meanwhile he ever god 600%, it is means result from trading is unstable, sometimes up and down like the chart itself.
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