bigxy

On 1/24/2024 at 4:19 AM, radex78 said:

Choosing a regulated broker provides comfort in long-term forex trading, choosing a broker with a good reputation and reviews is safer because the company gives a good services

I guess brokers like hfm, ocat, xm, lmfx, etc can be good for shortlisting while searching for a reputed and regulated broker.

Whoever knows when even a good broker stop paying out and scam traders so i guess its better to keep withdrawing the profits by leaving necessary capital behind.

New traders should also look higher time frames for making their trade decisions instead of trying to scalp markets because they will only loose money during getting in and out on shorter time frames.

I am still trading with MT4 and learning MT5 since it will be the new version from meta traders and used when they stop providing updates for the MT4. 

Personal opinions are usually not investment advise especially when they are free in my opinion.

On 3/30/2024 at 1:33 AM, pandabox said:

if you can access hfm.com 

I checked this domain and it was working fine and hfeu.com and grouphf also working fine here.

On 3/6/2024 at 7:46 PM, Günter said:

It's important to select ASIC and CYSEC-regulated brokers with at least 10 years of experience. It's true that you need to analyze your essential aspects for instance, if you want spreads as low as 0.0 pips in major pairs like EURUSD, look for brokers who offer that.

I believe that the HFM broker has been serving for more than 14 years and is regulated plus reputed as well.

Demo trading builds traders' skills without investing any money since these demo accounts comes with virtual money and live environment so even if a trader loses money in the event they didn't actually lose anything but have a chance for learning from these mistakes which yield loss. 

When we have trust in our own trading capabilities then we can go with our own funds rather than claiming bonuses from any broker.

I have checked and can access this domain without any restrictions or issues. Its working fine so far.

On 1/21/2021 at 6:08 PM, gds221 said:

Any market is always dynamic. Forex is no exception in this regard.

That is why the forex market allows traders to either take a long or short depending on such dynamics.

We can check the broker processes by trading their demo before investing any money with them and after finalizing the right broker we should start with small amounts in order to test those processes which we cant test on demo like withdrawals etc.

Traders having small amounts can start with the micro accounts offered by brokers like hfm etc. They also offer good earning if you are a trained trader.

If the fundamentals are strong then we wait looking for the technicals to be in line with the fundamentals as a confluence for either buying or selling any underlying asset.

The JPY hits 34 years record low, lets see if it creates any profitable opportunity buying or selling it against other currencies.

Each account type has different properties similar to the traders who have unique style and characteristics from each other, so i guess its upto us to compare the account types and choosing the right one to carry out our trades in the long run.

If you have a profitable trading strategy you can get it coded into an EA and go automated.

Just check out the google for more.. is it the only one you found? i guess there might be many as well to make a comparison for choosing the right one for sure!

Everyone should start forex trading as a hobby for free time while keeping their primary jobs in-tact. Moreover, the broker usually keeps whatever amount you have to deposit with them even if it is 50 or 100 bucks.

I noticed this broker have introduced crypto wallet for deposits & withdrawals and they also started offering crypto trading.

On 7/19/2023 at 3:06 PM, instantorder said:

I am looking forward if any forex broker can provide Crypto trading. Why MT4/MT5 doesn't support crypto trading? 

I guess they are in the trading business for more than ten years now and it takes more challenges to operate for such a long period of time in my opinion.

In my opinion USD is always a safe heaven currency when it comes to forex trading so we have to keep check on USD index while trading any forex trading pair.

Reputation plus regulations matters in my opinion, i however pay more attention to the reputation of any broker since there were many cases in past where even regulated brokers turned into scam and not sure if the traders got their money back.

Every trader has their own unique trading model while some are shorting and at the same time others are taking long, both parties think they are smart and mostly both of them makes money on their calls. Some however make losses as well and this is the forex trading business, money from un experienced traders flow towards the experienced and patience traders.  

I guess its depend on your risk tolerance, always start with the amount that you can afford to lose. Some noobs think it will make them rich and they put their entire life savings and eventually loose money which is hard to digest. So start with small amounts and the brokers like hotforex, octa, exness, lmfx etc have micro accounts as well which can be beneficial for low balance traders.