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RolexFX

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Everything posted by RolexFX

  1. For me, it is CMC and FP markets because their trading conditions are better when compared to other brokers. I prefer using FP Markets mainly because in EURUSD, the spreads drop as low as 0.0 and 0.2 in other major pairs.
  2. I am trading with FP Markets, an ASIC-regulated broker that provides leverage of 500:1 with their offshore license. There are no issues like spreads widening or servers freezing.
  3. FP Markets is still my solid broker, with reasonable trading conditions and a wide range of payment alternatives for trading forex, CFD crypto, indices, stocks, ETFs, and commodities. I've been trading with FP Markets for over 5 years and appreciate their customer service, which is quick in responding to clients.
  4. No, I prefer using manual trading because it costs less compared to EA, and since I trade with FP Markets, the commission cost and minimum balance are lower and more affordable, with spreads starting at 0.0 pips and execution being the fastest at 26 milliseconds.
  5. As far as I know, scalpers open a large number of positions in a single day and always employ the shortest time period. And since I trade with FP Markets, it is an advantage because of their faster execution and lower spreads.
  6. Even though I trade with FP Markets, from my personal experience, their trading conditions are reliable, with some of the fastest execution speeds at 30 milliseconds. The spreads start at 0.0 pips in EURUSD, and in other major currency pairs, the spreads average from 0.1 to 0.3 pips for most parts of the day.
  7. The majority of successful traders keep trading diaries. One of the most crucial things that most novice traders overlook and how it may help them improve their trading setups is keeping track of your trades. Monitoring your trading performance involves more than just looking at your profit or loss.
  8. Quick profit is possible, and I believe it is referred to as "scalping," in which you trade for a few minutes and then close, as opposed to a daily trader who trades for a day and then closes. There are already many scalper traders, but I suggest learning about forex trading properly before scalping since there are many risks involved in it.
  9. I scalp with FP Markets under ASIC regulation for higher leverage, and I must say the spreads on their raw (ECN) account are low, averaging 0.1–0.3 pips. It's been over two years trading with them, without any issues like spreads widening or no response from customer service; the overall experience has been good so far.
  10. Robotic trading is adaptable yet emotionless and moves positions more quickly. A trader can execute with larger earnings while trading manually, but it also takes solid plan and ability.
  11. I am not aware of any popular brokers, but I can suggest a few good brokers like Etoro, CMC, and FP Markets that are reliable. Personally, I trade with FP Markets because they have a $100 AUD minimum opening balance and a $3 commission cost, which is lower than most ecn brokers.
  12. If you are going to trade with their demo accounts, attempting several brokers is a good idea so that you can find the most suitable broker depending on the broker's spreads and conditions.
  13. Using an older broker makes the trader feel more secure due to its experience. I trade with an ASIC broker that has been active since 2005.
  14. I recommend trading with FP Markets because their spreads are among the lowest I've seen to date. It starts at 0.1 pips at some point during the day, specifically in the EURUSD. The slippage and fee fees are lower, and that's wonderful due to the fact that it's far more exceptional and appropriate for scalping.
  15. Demo accounts can be useful for new traders because they allow them to become acquainted with trading software and gain an understanding of how the market operates. Since there is no real capital involved in it, they can trade without any risk and develop trading skills or strategies.
  16. As a scalper, for me, the trading conditions with a broker should be tight spreads and faster execution speed. I trade with FP Markets. Their spreads drop as low as 0.0 pips in EURUSD with an execution speed of 40 ms.
  17. The most crucial part of trading is choosing the right broker, because there are many brokers that lure in new traders and scam them. It is better to do a good amount of research and review of multiple brokers before trading live with them. I trade with FP Markets, an ASIC regulated broker, since I scalp the main criteria were spreads and execution, and FP Markets spreads start at 0 pips with an execution speed of 35 ms, which is faster when compared to other similar brokers.
  18. As far as I am aware, all brokers do provide free demo accounts so that traders can trade with them and understand the broker's trading conditions and other features.
  19. I trade with a 15 minute time frame and since it is EURUSD, the New York and London time zones are the best. But sometimes I switch the time frame based on how the market flows.
  20. Using an experienced broker is good since they have been in the forex market for a long time and can be relied upon to trade. For example, I trade with FP Markets, an ASIC broker that has been in the forex business for over 13 years. They also have regulations from CYSEC and an offshore licence with St. Vincent.
  21. I agree with most of the comments here about regulated brokers being better than non-regulated brokers, because I have traded once with an unregulated broker and was scammed big time. I was not able to recover the funds due to it not being under any regulation act.
  22. I recommend trading with older brokers like ICM or FP Markets that have been in the forex business for over 10 years with regulations from ASIC and CYSEC. I have been trading with FP Market for over a year and have not faced any major issues like servers freezing or withdrawals being held.
  23. I currently trade with FP Markets and I personally rate them 4.5 out of 5 because of their lower commission cost, which is $6 per turn lot, and have over +10,000 trading instruments in stocks and commodities. The only drawback is that they do not accept US and Canadian clients.
  24. Most beginner traders prefer scalping because it is one of the quickest methods to earn profits, and many beginner traders have blown their accounts by rushing into scalping without a proper strategy or live trading experience.
  25. I recommend choosing FP Markets, they are active for more than 10 years and hold on to a good reputation, there are other brokers as well that are good but if your scalper and looking for some low spreads, commission and minimum balance FP market is suitable.
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