Guerrero

REPUTATION!

The major reason I favour licensed brokers is that they offer traders the assurance that their money is safe and that they are not market manipulators or fraudsters.

You may utilize the demo account to access the trading platform and practice in the actual market. Demo trading is quite useful for a newbie. I began working with broker FP Markets, and I can say that the demo training procedure became a reference point for me.

I suggest trying Fxview because it is similar to FP Markets spreads, which start lower at 0.0 pip in EURUSD and 0.2 for major pairs. The only difference between FxView and FP Markets is their execution speed, which is a bit faster in FP Markets, but the commission cost is lower in FxView.

I can recommend a couple of reliable brokers, like ICM and FP Markets, because they are some of the oldest brokers with regulation from ASIC and provide robust trading conditions like lower spreads and faster execution speeds.

I agree with a few comments that EA trading is way more expensive than manual trading. Choosing a broker that is suitable can be advantageous. For example, I use FP Markets because the spreads start at 0.0 pips in EURUSD with the lowest commission cost of $6 per round lot.

@Harvey Same you even I trade with FP Markets, but I prefer using their MT5 for scalping because the MT5 provides much more tools and analysis.

I have traded with various brokers in the past four years, and after burning several accounts, I currently stick with FP Markets. I've been trading with them for over two years using their raw ECN account. Spreads are tight as promised; they move around from 0.1 to 0.3 pips for most major currency pairs with regulations from govt bodies such as ASIC and CYSEC.

No, you cannot avoid risks in trading, it is based on taking risks to obtain higher profits. But you can avoid certain risks in trading by using reliable brokers. For example, I trade with FP Markets to avoid being scammed since they have regulation from ASIC and their trading conditions are robust.

There are a few good brokers in Australia like FP Markets, Etoro and CMC Markets that are regulated by ASIC with good trading conditions.

You will be able to focus more on the trading technique and spend less time looking for fresh possibilities if you have faith in the indications you are receiving.

I trade using an ASIC broker, FP Markets, that provides over 60+ currency pairs that are divided into minor, major, and exotic currency pairs.

For lower spreads, you can check out Skilling or FP Markets since they provide some of the lowest spreads in my opinion when compared to most ECN brokers. The spreads in major currency pairs average around 0.1-0.3 pips for most parts of the day, and in EURUSD it goes as low as 0.0 pips.

I trade with FP markets using their offshore licence, which provides a leverage of 500:1. I mainly use them because of their tight spreads, which start from 0.0 pips and with their fast execution speed, which is 1ms since I use their free VPS.

It is better to trade with a regulated broker because using an unregulated broker can be risky and they are mostly scammers, regulated broker are restricted due to certain activities by regulations.

Yes, it is best suitable for scalping since the spreads start at 0.0 pips in major pairs with faster execution speed and the commission cost per lot is $3.

If you are still looking for a broker, I recommend trading with Skilling or FP markets. The opening is lower with $200 in Skilling and $100 AUD in FP Markets. Even the commission costs are lower than most ECN brokers. Skilling has a commission cost of $7 per round lot and FP markets has a cost of $6.

Currency trading is one of the most used methods in forex. The forex market is open 24 hours a day. So, you can start any time you want. I use a suitable broker, FP Markets for currency trading because the spreads and commission costs are lower than other brokers, which is an advantage when trading with currency pairs.

Before entering into live trading, I used both platforms with a demo account and, from my experience, I prefer the MT4 since it is suitable for currency trading. The platform's user interface and other tools are simpler to understand and use when compared to the MT5, the MT4 is even suitable for beginner traders.

It is better to keep track of your trading performance because it helps in avoiding future losses, risks and also helps in developing new skills.

Traders should not get greedy when it comes to forex. Profits are good, but with greed, your profits might plumit down. Greed does not lead to good results in any area.

I mostly prefer trading with ECN account brokers because they seem much more reliable to trade with their regulations. As of now, I trade with FP Markets using their raw ECN account. The experience has been good and the spreads average at 0 pips with faster execution speed.

Yes, scalping is profitable, but it comes with risks and not every trader is profitable in scalping. Some even give up on trading when their loss is more than their profit. Using a proper broker is also important when scalping. Brokers like Avatrade, xtb, or FP Markets are suitable because of their tight spreads, fast execution speed, and low commission costs.

Choose a broker that is regulated and it is also better to do research on the chosen broker before investing in it. For example, I prefer FP Markets because they are an older broker active for over 15 years and are regulated by ASIC & CYSEC, so they adhere to strict capital requirements with the proper level of protection of our assets.

Using low spreads is essential for scalper traders. I trade with FP Markets since their spreads are lower than other brokers and the spreads are stable even during high volatile market events.