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Harvey

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  1. Harvey
    Undoubtedly the regulatory compliance is a must check. For example, brokers like the FP Markets, IC Markets, XM are all top brokers regulated by the ASIC. Apart from all that is mentioned above see what's the minimum deposit you must pay to start. With some brokers its $100 while others $50 or more.
  2. Harvey
    Few months with a solid trading plan. But I've seen people who took years before they saw consistent profit.
  3. Harvey

    PAIRS

    Harvey replied to ShawnMurphy's topic in Forex Newbies

    First you must understand the types of currency pairs that are there like major, minor, and exotic. then you must consider the country's economic condition. Later evaluate the currency strength using indicators like RSI or moving averages. I hope this helps.
  4. Harvey
    I believe that mistakes are caused by a variety of circumstances. One, from being unprepared or trading without a strategy or plan. The second is trading without controlling our emotions, particularly our impatience. To avoid such mistakes, some traders use regulated brokers like ICM, CMC, and FP Markets. They also provide some of the best trading conditions with good customer service that is quick in responding to clients queries.
  5. Harvey
    Risks cannot be completely eradicated, and they are not something that any trader can avoid. There is no way to completely eliminate the risks, which is why some traders use brokers like FP Markets. Because they provide some of the best trading conditions, with spreads starting at 0.0 pips, a commission cost of $6 per round lot, and a faster execution time of 30 ms.
  6. Harvey
    I do not know which broker is the best, but there are a few genuine brokers in the market. I trade with an ASIC broker, FP Markets, that has been active for over a decade. I've had good reviews and been using it for two and a half years without any issues; the spreads are the same as promised, starting at 0.0 pips, with a quick-answering customer service team.
  7. Harvey
    Most brokers provide free demo accounts, and all it requires is an email address, so activating a demo account is easy. Some brokers have a limit, like the FP Markets demo account, which expires when it is not used for a couple of months.
  8. Harvey
    To truly accomplish a result in this area, it should be set off by all the directions required for commerce; only in aggregate do they have a positive effect.
  9. Harvey
    Using a demo account is free; there are no real risks involved and no capital required to trade. Some brokers, like Avatrade and FP Markets, provide educational materials.
  10. Harvey
    I feel that it is critical to appropriately organize the trader's job. I can tell you from personal experience that this is really tough.
  11. Harvey
    To trade forex, I only utilise leverage of 1:500, which is the maximum leverage available through FP Markets. But I can trade with a tiny spread starting at 0.0 pips, which makes me feel quite comfortable when trading.
  12. Harvey
    I've been dealing with broker FP Markets for a long time, and I can't say that FX is a scam. Profit will not be delayed if you work properly and sensibly!
  13. Harvey
    I began trading with an ASIC broker, FP Markets, and have been doing so for three years with no problems. As a scalper, I believe it is appropriate because spreads average around 0.2–0.3 pips for most of the day.
  14. Harvey
    First-time traders, just like any other beginner, learn how to start trading by looking at and changing many different types of indicators to find the best one, but along the way they gain experience, realize there is no perfect trading tool, and then make trading more simple, focusing on risk management and profit as a bonus. I trade with the FP Markets broker.
  15. Harvey
    Using an regulated broker helps the trader trade with ease without being worried about the money in the forex account. Trading with regulated brokers such as IB or FP Markets with regulation from top govt bodies such as ASIC and FCA can take out the possibility of being scammed or being trapped by a market maker.
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