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ThomasFernandez

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Posts posted by ThomasFernandez

  1. Scalping is a basic approach that allows traders to initiate and finish transactions quickly, as well as profit swiftly.

    But it also comes with a lot of risk, and using a suitable broker is very important. Brokers such as Skilling and FP Markets are better, in my opinion.

  2. You should understand that trading is a long-term endeavour and that you will not become wealthy overnight. Also, it is important to choose the broker you choose to trade with.

    Using an older broker like FP Markets that has been in the market for over a decade is good since the invested money is safe because they also have regulation from government bodies such as ASIC.

  3. Although MT4 offers four different types of pending orders, MT5 adds two more. They enable conditional orders to have constraints imposed on them.

    You now have more control over stop-loss orders. MT5 has 21 different timeframes, compared to MT4's 9 timeframes.

  4. A seasoned broker is my preferred choice because they are far more dependable and having been in the forex business for a long time also makes them reliable.

    I use FP Markets for this purpose because it is one of the oldest brokers, having been active for over 15 years, with good reviews from other traders and robust trading conditions.

  5. Yes, I agree that keeping track of your trading activity is beneficial and aids in identifying previous errors. I trade with FP Markets, which provides me with a journal in case I need to check my activities in the future; I recommend that other traders do the same, as all brokers provide it, so that you can make changes to your strategies and avoid making the same mistake. 

  6. I've been a scalper for almost a year, and I've tried ICM, Pepperstone, and FXM in the past. I've been trading with FP Markets for about two months.

    The spreads and commission costs are lower than with my previous brokers, and the customer service dedicated manager was also helpful in resolving issues.

  7. An older broker is much more reliable because they have been active for several years and have not been off the forex market for scams or any major issues, which is why many traders use older brokers.

    For older brokers, I suggest ICM or FP Markets, because ICM has been active since 2007 and FP Markets since 2005, with regulations from ASIC and CYSEC.

  8. I do not know about the best forex brokers, but brokers that are regulated and have good trading conditions are suitable for many traders.

    For example, I trade with an ASIC broker, FP Markets, that has a robust trading condition with average spreads starting at 0.0 pips for most parts of the day and faster execution speed than most ECN brokers.

  9. I do not know about the best forex brokers, but brokers that are regulated and have good trading conditions are suitable for many traders.

    For example, I trade with an ASIC broker, FP Markets, that has a robust trading condition with average spreads starting at 0.0 pips for most parts of the day and faster execution speed than most ECN brokers.

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