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AndrewJ

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Everything posted by AndrewJ

  1. In my opinion, it is Skilling and FP Markets because they both are regulated by ASIC and the customer service has been disappointing, even though the reviews give positive feedback about their customer service. The only main reason I use FP Market is because the spreads are tighter, starting at 0.0 pips, and the execution speed is faster at 28 ms.
  2. I trade with FP Markets using both their live and demo accounts; the demo account is used to monitor and build my abilities. This is now, in my opinion, a viable choice for such a work.
  3. Most brokers mentioned in this thread are good and reliable for trading. Even I prefer FP Markets for its robust trading conditions with the lowest spreads and commission costs of any ECN broker I have come across.
  4. If you can't manage your emotions, don't trade with large leverage since it will lead to greed. Low leverage is safe leverage. Many PAMM managers in FP markets use leverage of 1:100; however, we may use leverage of 1:500.
  5. In my opinion, the most trustworthy broker is FP Markets, which is regulated by ASIC, CYSEC, and has an offshore licence from St. Vincent. The customer service is quick in answering and solving most of my queries, even when I reach them via email or live chat.
  6. If you want to trade US dollar-related currency pairings such as EURUSD, USDJPY, GBPUSD, and so on, the optimum forex trading time in India is between 17:30 IST to 20:30 IST. The EU trading session and the US market trading session will overlap at this time.
  7. The best condition for scalping for me will be tight spreads and faster execution speed, which is why I trade with FP markets their spreads average from 0.1-0.3 pips with an execution speed of 30 Ms.
  8. The brokers that I find reliable are Etoro and FP markets, they provide some of the best trading conditions with good customer service. FP Markets is also an older broker that has been active since 2005 with regulation from ASIC, CYSEC and from an offshore license St. Vincent.
  9. Low-spread brokers are mostly ECN. I advise traders to trade with ICM, CMC, or FP markets since they provide spreads as low as 0.1 pips.
  10. To my knowledge, most brokers provide free demo accounts, but there are a few brokers like Avatrade and FP Markets that also provide educational materials for newbies venturing into forex for the first time.
  11. I rate my broker 4.5/5 based on their reliability, trading conditions, and cost. I mostly scalp with it and the commission costs with spreads are lower than most ECN brokers. It is one of the oldest brokers active for over 12 years with regulation from ASIC, and I have never come across any major issues with them for the past year.
  12. No, I use manual trading because I personally find manual trading has much better profits when compared to EA trading, even though there is a minimum risk and time is involved in it.
  13. The most important thing that we have to know is that our psychology when trading with a demo account and a real account is different. Using a demo account when trading has no risk, so traders do let emotions and pressure get to them. When trading live with real money, however, there is risk involved, and traders feel the pressure and allow emotions to take over, which can lead to mistakes.
  14. The most important thing that we have to know is that our psychology when trading with a demo account and a real account is different. Using a demo account when trading has no risk, so traders do let emotions and pressure get to them. When trading live with real money, however, there is risk involved, and traders feel the pressure and allow emotions to take over, which can lead to mistakes.
  15. There are a few brokers that I have come across in my trading experience. CMC Markets, Vantage and FP Markets are reliable brokers to trade with that have good trading conditions, especially FP Markets' customer service is quick in responding to queries, even through emails.
  16. I am currently looking at the cryptocurrency market, which is on the downside and crashing, so I think traders are skeptical about it.
  17. There is no guide on choosing a broker, the best way to choose your broker is to do research and try several brokers' demo accounts and invest in a few to find the suitable broker. For example, I was previously trading with XM and due to certain conditions, I moved to FP markets because the commission costs are lower and the trading conditions are more robust, which is suitable for a scalper like me.
  18. When trying different brokers to find the best one, it is best to trade with demo accounts rather than live accounts to avoid losing money. Using multiple broker can give you a clear view on which broker is best suitable for your trading style.
  19. It is good that many traders prefer regulated and experienced brokers because there are many new brokers in the market that are either unregulated or offer bonuses with a catch that traders are unaware of before investing. I recommend trading with ICM it is regulated by ASIC, CYSEC and has been active in forex since 2007. Or you can trade with FP Markets, which is also regulated by ASIC, CYSEC and has been active for over 15 years.
  20. I've been scalping with FP Markets for close to a year and I still find it suitable because the spreads average around 0.3 pips with lower slippage in most major currency pairs. The execution speed is pretty fast and the commission costs are lower than with my previous broker. It costs only $6 per round lot, whereas I used to pay around $7-$8 with my previous broker.
  21. Check out FP markets. It is an ASIC-regulated broker that offers some of the lowest spreads and commissions. I've been trading with them from Austria and did not face any major issues like server freezing and withdrawals.
  22. Short term trading is basically scalping in my opinion and beginner traders without any proper live trading experience or forex knowledge should avoid short term since it is has higher chances of major loss in money.
  23. They are quite similar, but forex can be predicted by trading strategies and experience. There are also measures that traders take to avoid higher losses and risks.
  24. Choose a broker suitable for your trading methods and with an advantage when live trading. For example, I trade with FP Markets since I find it suitable for scalping because of their tight spreads, faster execution, and lower commission costs, are an advantage while scalping.
  25. Trade with Etoro or FP Markets they are an ASIC regulated broker, especially FP Markets has been active for over 15 years with forex business experience, and the customer service is also prompt in answering client queries.
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