radex78

On 5/28/2023 at 8:23 PM, nanamage said:

Choosing an ECN broker is very wise. It is better to choose a broker who has been established for a long time because unscrupulous brokers make you worry about funds being taken, withdrawals being difficult, and scams, such as Prime4x from Cyprus.

ECN broker gives a better trading environment because we can trade with low spreads and low commissions, in FXOpen the spread starts from 0.0 pips and there is free commission in CFD Index, trading is ECN network the broker will throw order clients to the interbank market directly, so the spread is variable but no requote problem.

Forex trading business still becomes popular business and the latest technology makes forex more expanded to grow, because recently so many device already support forex trading platform, like in FXOpen that already support trading platform MT4 or MT5 for mobile and desktop, also TickTrader platform support mobile and desktop, gives free to select trading platform suits with our device.

A demo account is useful for beginners even experienced traders sometimes need to use a demo account to make backtest trading strategies or software trading like an indicator or robot trading. However, it will good if in the demo using the amount of funds the same as money that will investing later in real account, if making a consistent profit will make more confidence to start trading real account.

if possible use the robot first you need to backtest the robot as first research and observation, if in backtest robot provide good result hence can be forward to use a demo account or a real account, however not all robot are the same, should understand robot suits with small capital or only work for big capital. Besides it also brokers should allow traders to work using robot. 

The broker has role as bridge among traders to the market, broker take advantages from spreads or commissions of their services, choosing the broker for traders is very important for long term business, reliable and trusted broker is very important, so trader feel secure and comfortable in trading.

There are so many trading platform in forex world, the most popular is Metatrader 4 and Metatrader 5 from Metaquotes, there are so many broker using this platform, then Ninjatrader, cTrader, TickTrader, etc. TickTrader is trading platform designed for ECN broker, with one account traders can trading in multiple market included CFD forex, crypto, stocks, indices, commodity etc. One broker that use TickTrader is FXOpen.

Trading in the uncertain market we should work based on plan trading. Plan trading will help us to manage money, and risk too. With a trading plan, we can learn profitable setups like how to enter and exit.

15 hours ago, Namu said:

For those who don't understand, it's best not to jump straight into a real account, study regularly and be understood clearly and choose a broker who can help us learn more about forex. Therefore, does this FXOpen broker provide education for traders?

FXOpen provided valuable education through the blog and also you can ask any question in FXOpenforum, if likely face a problem, however success in forex trading is not only depends on education, despite you having good understanding the market but in habit always greedy it will only face margin call eventually

Maybe MT4 is still widely used among traders despite Metaquotes already releasing MT5 trading platform and also widely used by many brokers. FXOpen broker, offer several trading platforms, MT4, MT5, and TickTrader platform. With these options clients are free to choose the suitable one.

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.

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/
 

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/
 

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.

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

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.

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 

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

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.

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.

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.

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

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

On 4/6/2023 at 7:37 AM, bigxy said:

New traders being unaware of the market conditions should keep away from scalping instead they should try learning on higher time frame trades rather than getting in and out quickly and hurting themselves by paying commissions to the broker or either blowing up their accounts.

It is not all traders suitable with scalping if likely emotion often stressing because scalping, better using intraday trading or swing trading more convenient

On 4/6/2023 at 7:45 AM, bigxy said:

Trades plans does not ensure any earning because we must learn the skills required to make money in the forex markets.

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. 

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.

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.