bigxy

I have heard that this 2024 will be another bull run for the crypto currency since the btc have already made another ATH again.

Yes i guess you are right everyone need to go through the terms and conditions before availing any bonus.

Higher leverages can claim higher risks as well so always better to start with low leverage and increase it if needed in future.

They are actually free so that we can check the broker processes without depositing any money with them.

Manual trading is always preferred by the trading veterans however we can get our trading strategy coded into any EA to automate our trading experience.

Low spread as well as lesser commissions in my opinion otherwise these scalpers will only profit the broker by paying spreads or commissions on every trade rather than bringing any money themselves.

We might require a trading journal for reviewing periodically and improving our mistakes so we can manage our trades more efficiently in future.

I think the cysec, asic and fca regulated brokers can be a good choice to be shortlisted for further testing and finalizing the right broker. I guess there are a lot of reputed brokers like hotforex, exness, octa, xm, lmfx etc and many others operating these days so we can shortlist them doing some of research at our own.

There is no harm of trading through an EA if you know a profitable trading strategy however these EAs do require monitoring as well during the high volatile markets.

Technology has evolved too quickly and we all have to accept the fact that we now have every thing on our trading desk with one google search.

If you have any bad experience with any broker you can go to the review sites like FPA etc and write your insights about that particular broker. Either the broker will clarify the mistake or otherwise traders get alerted about that said broker. BTW what exactly happend to you, did you try trading with that particular broker..?

They usually make profits charging commissions or spread or maybe both in my opinion however in return they provide us with all the necessary tools and technology including leverage / liquidity to initiate our trades and make profit.

Not sure about it however these demo accounts are offered by the brokers to test the real time trading environment without taking risks of investing any money with them. Once you have tested how these brokers' trading platforms work you can fund the live trading account to make trades.

I have used the myfxbook and it is good in my opinion however many professional traders keep their trading performance to their own self and not showcasing them.

There are many signal services out there in the market however these most of the times such signals can proved to be hard nuts to crack. I also look for sites like investing.com, economies.com, bloomberg, forex factory economic calendar to find out what is happening in the markets and conclude accordingly.

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

PAMM accounts services offered by few brokers like hotforex etc can be a good option for new traders to invest their money while learning the trading skills.

We can only minimize the associated risks in forex trading by doing proper risk management and using of stop lose feature. Also participate in those market conditions where the winning probability is high as compared to other markets. Examples can be major pairs over the exotic ones.

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.

Yes robots can be helpful yet these EAs are coded to follow technicals in my opinion so they might require monitoring during the high volatile markets.

Yet if a new trader lose then he actually loses nothing but gained experience in return without losing any money.

Newbie traders should only trade a demo for at least a minimum of six months before going to fund their live trading account.

If you have a profitable strategy then you can even get it coded in an EA to automate your trading experience.

Scalpers, in my opinion, only have been trading on smaller timeframes getting in and out of the market however they can make more during the volatility of markets.

I have checked out the mt5 since one of my broker hotforex added it and it is almost much or less very similar to the mt4.