bigxy

I believe that the best broker selection is really becoming harder each day because we have a long list of brokers out there however doing some research at your own may help in reducing risks. We should go with the reputed brokers like hotforex, xm, exness, lmfx etc. Yet the past performance does not guarantee any future results so better to go and work out before finalizing any best broker for yourself.

Leverage is one of the most powerful tool in the financial world yet the new traders being unaware of the market conditions keep the leverage low in start because high leverages can bring high risks as well.

The industry standards of risking your capital is 2% and it is for advanced users/institutions, so we the retailers should not risk more than one percent and use stop loss in order to remain on the safe side otherwise one single bad trade can wipe out our entire account.

Binary options trading might be a good idea but still there are a lot of negative brokers reviews and the reason might be that this binary options trading is still in its in fancy requiring more time to gain maturity. However why not taking chance and looking at the mature market i.e., forex trading with a daily volume of more than five trillion US Dollars.

Forex trading seems easier however we need to learn how it works before finding some promising opportunities in this lucrative market.

When we make mistakes it usually allows us to learn something new which is good if we review our mistakes, learning from them and not repeating such mistakes in future.

Yet we can use a trading plan and stick with it in order to refrain from extra emotions coming into our mind. Emotions can be controlled when we use to learn about them and set them aside while trading.

I see there are two many new posters here yet trying to convince us about the losses, yet i believe that we can also use stop loss to cut our losses earlier. What do you guys suggest here..? Please enlighten us more!

Yeah you are right, might be a source of gathering information either through paid or free signals, yet my opinion is to stick with learning and feeding your brain with good suplements knowing what is happening around us and what is impacting the prices to move from one range to another.

Instead of going towards signal services i believe why not taking time and doing some reading at sites like economies.com, investing, bloomberg etc to get some idea about what is going on in the surrounding. This will give us a clue about some fundamentals to conclude our ideas for trading.

Small amounts can be a good way to test a new broker which you are going to trade, through such small amounts you can further retest their processes like withdrawal etc which we cannot usually check over their demo accounts.

Yes i guess bitcoin moves really that fast however be careful with your trades and good luck!

USd in my opinion is a safe asset class where every investor try to get in during high risks period, however i use to trade EUR and GBP with USD to earn some pips daily.

Why not checking with their support, by the way are you talking about the copy / social trading services..? I haven't tried these terms so far.

Forex is a very professional market which does not spare any traders mistake so they loose at their own while try blaming others like brokers for their own faults. It would be much better if we should start learning about what we like the most to be done, for forex trading if we are interested in it then at least we should learn about how the money can be traded in order to make more money. A demo account can be helpful in this regard which can be used to trade real markets without depositing any real money as they comes up with virtual funds.

Every new trader should start with small amount with any broker just to test their further processes like withdrawal etc which cannot be checked through demo account.

I have seen this and can witness that brokers like hotforex etc offer free webinars to anyone keen of learning forex trading however on the contrary the new traders usually hassles and jump into trading without any prior knowledge which resulted in loosing money.

I see these are some good hand picked ideas however every idea requires to be properly planned with a road map and this plan should be followed thoroughly with proper dedication and passion in order to succeed.

Leverage should be kept low in start because the new traders being unaware of the market conditions may end up blowing their balances as high leverage means high risks as well.

That is a good pick, why not check their support by just giving them a try and getting experience right on one click..

Yeah better to ask their support to save your time rather than assuming self created answers which may not make sense.

I believe that all of the accounts are automatically covered under the FCA regulations IMO..!

According to warren buffet's money management rules are very simple, the first one states.. never loose your money and second never forget rule number one.

Better following the trends rather than going against them, all this comes up with experience however..

USD is one of the reserve currency of the entire globe in my opinion, and every currency becomes popular when it is combined with the USD.