Andrae

Who is your inspiration in Trading?

Most brokers provide free demo accounts, and some brokers, like Avatrade and FP Markets, also provide educational materials for newbies, such as webinars, e-books, video tutorials, and others.

Always select a broker based on your own expertise and trading experience. Never take advantage of any marketing advertising, referrals, or suggestions from others.

For beginners, the most suitable platform is MT4, since it enables users to utilise trading analysis on a specific currency pair or any other asset. Experienced traders can use the MT5 since it is an advanced trading platform with more tools and trading methods.

I have traded with several brokers in the past two years, and from my personal experience I can suggest FreshForex and FP Markets since the trading conditions are reliable with some of the best spreads that start at 0.3 pips in other major pairs and 0.1 in EURUSD.

I agree with the majority of traders in saying that an established forex broker is considerably more trustworthy than a newer operator. A more experienced broker provides traders with the assurance that their money is safe and secure. For instance, I trade with FP Markets, an ASIC-regulated broker with a history dating back to 2005. I've been trading with them for almost a year, during which time I have not had any significant withdrawal or trading-live issues.

Robots are beneficial since they free up your time so you can place orders and monitor the market, but in order to succeed, one must be well-versed in forex and apply when necessary. Only when the machine and the mind are working together will there be actual profit.

Beginners should trade using a demo account during the initial stages to familiarise themselves with the brokers' platforms. If you are looking for live trading experience as a beginner, I suggest using smaller accounts to avoid risks.

I use FP Markets, an ASIC-regulated broker that has been in business since 2005! It is possible to open a Skrill e-wallet with FP Markets; I currently withdraw my funds via Skrill.

I trade with FP Markets, and from my experience, I will rate them 4.5 out of 5 because of their robust trading conditions and faster execution speed of 30 ms than other similar brokers. The only reason they fall back is that they are not available for traders in the US or Canada.

Demo accounts are really beneficial. In addition to educational purposes, it is also used by experienced traders who want to test out new strategies in real-world trading environments.

I can recommend trading with Skilling or FP markets, their spreads average around 0.2-0.4 pips for most parts of the day. For lower spreads in EURUSD, FP markets are good because their spreads drop as low as 0.0 pips.

Scalping strategies work best when the intraday tape is strongly trending or range-bound; they don't work so well when there is conflict or confusion.

I have traded with FP Markets for over a year using their raw ECN account and have never been charged an extra commission cost during deposits or withdrawals as of my knowledge.

Demo accounts provide traders with the opportunity to become familiar with trading software and get a sense of how the market works. Since there is no real risk of money and no real risk of trading, they can trade with various strategies or develop their skills.