Andrae

It mostly depends on the trader on how long they stick to demo trading, but most traders suggest trading in a demo account until they are confident enough and have made consistent profits in demo trading.

I agree that FP markets are a suitable broker for sclaping because their trading conditions are robust with faster execution speed and low slippage. The commission cost is only $6 per round lot, which is lower than most ECN brokers, and the spreads average around 0.2 pips in most major pairs.

Currency trading also has higher risks and losses when traded with a lack of knowledge, which most traders face when they rush into it. That is why it is critical to trade with reputable brokers such as CMC, ICM, or FP Markets, who provide the tools needed to trade in the forex market.

Beginners should avoid trading in short term and instead focus on the long term because trading in the short term can result in higher losses and risks due to a lack of trading experience.

Choosing a regulated broker is good because there are many scammers that are unregulated, and using a regulated broker can give you the secure feeling of your invested capital.

In my view, Avatrade, Etoro, and FP Markets are some of the brokers that I personally find reliable to trade with because of their regulation by ASIC and CYSEC. Their trading conditions are robust, with tighter spreads averaging 0.0 pips for most parts of the day.

If you are using a demo account to trade all currency pairs, then it is good because every trader has their own trading currency pair suitable for them.

Scalping is profitable and is also one of the quickest ways to earn a profit, but it has risks involved if the trader does not have a good strategy or broker. Which is why I use regulated brokers such as FP Markets for scalping because of their regulations, tight spreads, and low commission costs.

In my opinion, the best choice of broker is a regulated one with good customer service and trading conditions. Brokers like CMC, Avatrade, and FP markets are good because their trading conditions are robust with consistent spreads even when the market is highly volatile.

From my knowledge, I'm aware that most brokers do offer free demo accounts. The only problem is that some come with a quick expiration date but can be reopened again. Some brokers, like Avatrade, XM, Global Prime, and FP Markets, also give e-books, video tutorials, and a few other educational materials to learn forex.

Scalpers prefer using lower spread brokers and find a broker with that capability is a bit difficult. I can suggest my current broker FP Markets because the spreads are not only lower but also stable even during high volatile market movements.

Due to lack of education in forex trading many newbie traders have blown their accounts and given on forex. Which is why brokers have demo accounts, so beginner traders can practice before using a live account.

Yes, I trade with their raw ecn pricing account that offers lower commission costs with spreads begining in 0.0pips in EURUSD and other major currency pairs. Their customer service is quick in answering and solving clients issues.

From my experience I would say lack of forex knowledge and live trading experience is one of the main causes for loss in forex. As a newbie many traders tend to trade with a real account without gaining proper knowledge and invest higher capital which later blow up their entire account.

There is no best time to become a trader if you have gained enough experience in demo trading and have gathered most of the knowledge about forex trading you are already a trader. To gain live experience, I suggest trading with a micro lot to have lower risks and capital.

I trade with FP Markets, and I can rate my broker as reliable and good because their trading conditions are some of the best with proper customer service, tight spreads and lower commission costs.

Which is the best forex risk management strategy for beginners and newbies to practice before entering live trading?

I recommend trading with FP Markets since their spreads are some of the lowest I have come across to date. It starts from 0.0 pips throughout the day, especially in EURUSD. The slippage and commission costs are lower, which is advantageous because it is best suitable for scalping.

The MT4 platform is very famous among forex traders because it is suitable and easier to use compared to other platforms, and I am one of the traders who use the MT4. I use them because it is simple to understand and provides a robust Security with high stability for Peace of Mind.

Check out FP Markets; they offer some of the lowest commission costs with a minimum opening balance of $100 AUD. They are ASIC Regulated since 2005, and their ECN account has spread as low as 0.0 pips.

I trade using FP Markets, and the main advantage compared to the other brokers is the number of Instruments available to Trade; they have over 10000 different products. Even though I mainly trade Forex with them, they have a huge list of global stocks and commodities to trade with. FP Markets is regulated by ASIC and are in operation since 2005.

How is it easy to earn consistent profit in a demo account, whereas when trading with a real account, it becomes difficult to predict even during low volatile market situations?

I currently trade with FP Markets. It's a reliable broker regulated by ASIC and has been active since 2005. Been trading for over four months with them, and they provide low spreads (ECN account), which starts from 0.0 pips and, in general, have great Trading conditions.

I trade with FP Markets. They are operational since 2005, and their raw spreads account (ECN) have much better trading conditions than the other brokers. The spreads start from as low as 0.0pips in major currency pairs with lower slippage and commission costs.

Most forex traders prefer using the MT4 because of its multiple trading orders for high flexibility and also provides real-time access to market prices or liquidity.