AndrewJ

Traders prefer trusting their investment in a broker regulated by a Gov body rather than a broker with no security. An unregulated broker is mostly new brokers that enter the market to scam traders whereas regulated brokers are mostly older broker that has been in the business for more than 10 ten years.

I find FP Markets as a better broker than the brokers mentioned because they have stable spreads starting at 0.0 pips in major currency pairs and consistent even during high volatile market movements.

I would suggest beginners trade using the Inside bar strategy. It is highly effective. The inside bar strategy is best traded as a continuation pattern which means that beginners need to use a pending order to trade with a breakout in the direction of a major trend.

Choose a broker depending on your trading skill and the method you will be trading in the future. For example, I'm a scalper, and I prefer trading with FP Markets because they have tight spreads and faster execution speed.

The demo account is most used by beginners to learn about live trade and build strategy, whereas the real account is where the live trades take place, and traders use their skills and strategy to earn profits.

I trade using EURUSD currency pair, can someone recommend another pair that is currently volatile in the market like EURUSD?

I currently trade with a leverage of 500:1 using FP Markets raw ecn account. Since the spreads are tight and execution is fast, the leverage matches my trading style, and I can make a decent amount of profit using 500:1 leverage. Anyone trading with a better leverage strategy kindly share?

Most traders that lose a lot in forex or give up on forex are beginners that have rushed into live trade without proper knowledge or experience in forex. They consider trading as gambling and try to predict the buy and sell prices.

The only reason beginner traders love scalping because it is the quickest way to earn a profit, and it's also short-term, so in a matter of minutes, they can make profits.

The demo tool helps in understanding how the forex market trades happen on a live account. I would suggest trying FP Markets demo account because they provide educational materials like explainer videos and e-book to learn about forex trading.

I currently use a strategy called trend trading. It is a simple strategy used by many traders, and it attempts to yield positive returns by exploiting markets directional momentum.

Currently trading with FP Markets Raw (ECN) account, the spreads offered starts from low as 0.0 pips in major pairs like EURUSD, GBPUSD etc... and the minimum opening balance is $100 AUD. I recommend to try and experience their ECN pricing at least once.

Most beginners choose to scalp because it is a good choice for those who hate waiting for a trade to close. The positions are generally held for a very brief time-frame, and that allows for a lower chance of reversals that can harm a trading position.

I have chosen the right broker, trading with FP Markets an ASIC regulated broker that has been active since 2005, the advantage compared to other brokers is the number of instruments available to trade, its about over 10000 different products. I mainly trade FX currently, but will probably want to explore trading with their other offerings as they have a huge list of global stock CFDs and commodities as well.

I’m about to open an account with FP Markets, Since I scalp wanted to know if FP Markets are a better choice of broker for scalping. Are there any other hidden cost on their RAW spreads account in addition to the spreads? - Digital Market Broker

Looking for a reliable broker, ideally suitable for scalping with good trading conditions.Main criteria is low spreads, will only be trading in majors like EURUSD, GBPUSD. Any recommendations?