AndrewJ

Most inexperienced traders who lack education prefer scalping because it provides quick profits without requiring proper strategy; instead, they gamble with their account and end up losing it. This is why traders need to keep gaining forex knowledge and keep track of new trades and news to develop new skills or strategies.

An older broker is reliable to trade with because they have been in the forex business for a long time, which means it is safer to trade even with higher capital. I also trade with an older broker known as FP Markets. They have been active in forex for over 20 years, with regulations from ASIC and CYSEC.

When choosing your broker it is better to do a few research on them before going live, check reviews and comments on the broker from other traders that have used them to know if it can be reliable.

In my opinion, ECN accounts are better for currency trading because most ECN brokers, like ICM, CMC, and FP Markets, provide some of the lowest spreads. I use FP Markets raw ECN account that has spreads of 0 pips, mostly in EURUSD, and these brokers have a secured account with regulations from ASIC and CYSEC.

Should newbies trade long-term? Is it profitable or a huge loss when trading long-term?

Is price action safer to trade even for beginners? Though it represents the balance between the demand and supply for a particular currency pair is it profitable?

I suggest choosing a broker with proper security, support, fees, and regulations because many scammers and market makers are present in the trading markets.

Scalping is profitable, but it has a higher risk involved when a trader trades without a good strategy or trading experience. It is possible to earn short-term profits if you understand the scalping strategy and trade with good money management skills.

Low spreads are essential, especially if you are a scalper like me, so I trade with FP Markets who offers lower spreads, and it is an advantage when trading during the major forex sessions.

Many traders prefer the MT4 over other platforms because of its user-friendly interface and simple trading tools that are suitable for both experienced and beginner traders.

I currently use FP Markets, better spreads, and low commission cost, the opening balance isn't that expensive either. It's regulated with ASIC, Cysec and also with an offshore licence from St.vincent.

As a newbie, trading on all currency pairs is a good choice for finding a suitable pair and familiarising yourself with the market's time frame. I suggest trying those pairs in a demo account to avoid major losses.

My favourite broker is FP Markets; their trading conditions have been very reliable even during high volatile events, with some of the tightest spreads starting from 0.0pips.

There is no best time in becoming a trader. If you are confident and ready to take risks, start trading, but it is better to start off with basic knowledge about forex and its functions.

There should be no room for greed in forex trading because forex can go up and down at times. So it's better to always stay humble and use a good broker like FP Markets or CMC Market during live trades.

I can see some good reviews on this broker, and this broker indeed has some of the best trading conditions. I was surprised by their spreads which were stable during volatile market situations.

I'm a scalper, So I prefer trading with brokers with good spreads that average at 0.1 or lower with fast execution speed. And I currently use FP Markets since its meets my criteria and is suitable for me.

Not bad for an older broker. They keep improvising their trading platforms and offer some of the best trading conditions with no price manipulation or requotes.

Small capital is the best to use for beginners and newbies because they have a lower risk rate, and the capital involved is lower compared to average capitals.

Most brokers offer free demo account with an expiry date some brokers like FP Markets offer demo accounts that expires only when not used for certain period of time.

I can recommend FP Markets. They have tighter spreads starting at 0.0 pips in major currency pairs and with the lowest slippage.

I use the pin bar strategy because I'm a beginner, and so far, it has been good but looking for a better strategy that is consistent in making profits. Any recommendations?

Yes, it is achievable with scalping, but it would be difficult without proper forex knowledge and skills.

I was a beginner when I found my trusted broker. I came across it when I read reviews on several brokers and found that my broker (FP Markets) has been active since 2005 with a good reputation. It has been nine months, and so far no major issues their customer service is good, and withdrawals are smooth.

Using leverage is advantageous for certain traders like I trade using 1:20 leverage with FP Markets because I can trade with lower balance and earn higher profit. The risk involved in it only occurs when maximum leverage of 500:1 or higher. Even experienced traders find it risky trading with such high leverages.