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Liam

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  1. I trade with FP Markets because of their robust trading conditions; the spreads offered are lower at 0.1–0.3 pips and stable even during highly volatile market movements.
  2. EA can be an advantage, but it is also way expensive, and if not set properly, it cannot provide higher profits, whereas in manual trading, it depends on the trader's knowledge and skill.
  3. Using an experienced broker is the same as selecting a regulated broker because experienced brokers are mostly older brokers who have been in the forex business for several years. For example, ICM and FP markets are older brokers that have been active for over 10 years, and experienced brokers are not scammers, as per my experience.
  4. Though scalping is risky and can blow up your entire account, it is also profitable if you trade with proper knowledge, strategy, and a reliable broker.
  5. The main reason most traders prefer older brokers is because they have been active in forex for a longer time, which makes them reliable. It is also important to read reviews before trading them, because not all are good. If you are looking for an older broker, I can suggest FP Markets, an older broker that has been active since 2005.
  6. I trade with FP Markets using their St.Vincent licence, which offers me a higher leverage of 500:1 with a minimum opening balance of 100 AUD and a commission cost of $3 per lot.
  7. If this is your first time in forex, I recommend opening a demo account with FP Markets. They have an informative education center and a separate blog which will help beginners venturing into forex.
  8. I started trading with FP Markets with their Raw ECN account. The experience has been good so far. The spreads are lower starting from 0.0pip and commission costs are lower as well. They have a maximum leverage of as high as 500:1. I have been trading for nearly a year now and I have not had any issues like server freezing or spread widening.
  9. Traders prefer regulated brokers to ensure their funds are safe in the broker's account, and they are bound by law to make transparent trades by offering complete transparency to their clients.
  10. You should try FP Markets because their spreads are tight, especially in EURUSD, it starts from 0.0 pips and stays stable even during volatile market conditions.
  11. It is better to stick with one proper broker that has no issues, because switching from one broker to another is a waste of time and money.
  12. Yes, I scalp using FP Markets because the spreads are lower, starting at 0.0 pips in most major currency pairs like EURUSD, JPYUSD, and more. The commission cost is $3 per lot with lower slippages and faster execution speed than previous brokers, with no additional charge during deposits or withdrawals.
  13. What are the techniques used by experienced traders when hedging and do they involve high risk and money?
  14. It is important to trade with a right broker of your style, I consider trading with FP Markets as my right choice of a broker. As a scalper the spreads and execution are important for my trades. They offer lower spreads and faster execution.
  15. My advice to beginners entering into forex is to keep your current job till you are familiarized with live trading and have grown enough experience that you are confident of winning on most high trades and also able retrieve if there is a loss.
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