e_abrams

I am certainly one of them. I just find MT5 confusing to use, and considering how popular MT4 remains, I am hardly the only one.

I think they become dangerous when they cloud your judgement. They can be a pretty powerful motivator though.

On 6/23/2021 at 5:57 PM, gds221 said:

In fact, most of the profit in business depends on risk. The greater the risk, the more advantageous this option may be.

The greater the risk, the greater the opportunity to lose too though.

It's a pretty complicated matter, actually. Companies are not actually allowed to operate any online operate any online casinos, sportsbooks, or poker rooms within Canada, but there's a caveat to that - most Canadian offshore online casinos are located in Kahnawake native reserve where their operations are legal, which is also Canadian territory, which in turn makes online gambling legal. Here is a list: https://www.correctcasinos.com/best-canadian-online-casinos/

Doesn't MT5 also have the option to use EAs with it?

That is certain, but the road to improvement is long and usually very, very difficult.

My advice is not to never think that other people's analysis you read online is better than your own, since you don't actually know how competent that person is.

I am using MT4 still. I think that is still the most popular trading platform.

True, there is plenty of available information out there. These days the problem for newbie traders isn't to find information, but how to differentiate good from bad information.

Indeed. Most people think execution on a live account would be as fast and efficient as it is on demo, and then they get a rude awakening.

That is what I usually do, yes.

They also need to learn how to market develops under different circumstances. When it's apppropriate to trade and when it's not.

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Use the demo account however long you need to. There is no rule about it, and different people learn at a different pace.

I stick to brokers I know are licensed and overseen by reputable regulators.

Indeed. There are plenty of scammers who do con people, unfortunately, but the market itself is definitely not a con.

Indeed, good research before you commit and invest your money is vital.

Certainly. But demo has its place and its uses, it's just not enough.

It certainly is a useful tool and should be used generously, especially by newbies.

I think demo account is enough to figure that out. With many brokers, the demo account often performs better than the live account - it happens even with properly licensed companies, unfortunately.

It's the same stuff people have always used - fundamental and technical analysis and their various approaches.

All information can't be studied - there's too much for it available. But one can study the information that pertains to their needs.

A demo account is not alwaysa  good indicator of the broker's performance, unfortunately. More often than not the demo account performs much better in terms of server connectivity and requoting than the real account.

Try https://www.correctcasinos.com/ , there is plenty of available information and reviews of various online casinos, slots and bonuses.

I agree. If you rush to make a profit all you would achieve is losing money, unfortunately. Learning how to trade properly requires time.