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.

I scalp with FP Markets' ASIC regulation for higher leverage, and I must say the spreads on their raw (ECN) account are low. 

It's been four months since I traded with them, and the overall experience has been good so far.

In my opinion, I find FP Markets a reliable trusted broker. They have been active since 2005 and are regulated by major providers like ASIC and CYSEC. 

Customer support is also quick in responding to issues and I did not face any major issues with spread widening or during the deposit/withdrawal process.

Leverage can be risky if not traded with a proper broker, which is why I use FP markets, an ASIC regulated broker, using their max leverage of 500:1.

It is merely the movement and settlement of the currency pair in which the buyers and sellers have made a specific time-dependent agreement to execute transactions.

I recommend attempting different brokers using their demo accounts or with smaller account openings to avoid a high loss.

And trying different brokers can help in finding a more suitable and affordable broker than your previous brokers.

It is good to keep track or a journal of your trading performance because it can be useful to find out the mistakes made in the previous trade and avoid them or create a better strategy for future trades.

Using an regulated broker gives traders the peace of trading without worrying about the capital in the brokers account for future trading or withdrawal.

Regulated brokers are mostly under an govt bodies protecting the traders from being scammed.

I trade with FP Markets, an ASIC regulated broker with over 15 years of forex business experience and good trading conditions. Their regulation restricts them from providing higher leverage to protect traders from losing more capital and from scammers.

After blowing several accounts and switching to different brokers, I found a better broker of my choice as FP Markets, because compared to my previous broker, FP Markets trading conditions are reliable with a minimum opening balance of $100 AUD.

The customer service was quite helpful during the initial stages and I was able to reach them even when I tried to reach them via email or live chat.

If you are still looking for a broker to trade with, I recommend using ECN brokers like Pepperstone, Etoro, or FP Markets. Their trading conditions are reliable and low in cost compared to other brokers.

I trade with FP Markets as of now because the slippage is lower and the commission cost per turn lot is only $6 per round.