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RolexFX

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Posts posted by RolexFX

  1. 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.

  2. 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.

  3. 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.

  4. 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.

  5. 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.

     
  6. 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.

  7. 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.

  8. 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.

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