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Andrae

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Everything posted by Andrae

  1. I recommend using the pin bar strategy since it is mainly for beginners, and it can be quickly learned. Places your stop loss on the opposite side of the candle and do not risk more than 1.5% in one single trade.
  2. I recommend using FP Markets; they are an ASIC regulated broker and has been active since 2005. The main advantage compared to the other brokers is the number of Instruments available to Trade. They have over 10000 different products, and they have a huge list of global stocks and commodities to trade with them.
  3. I prefer trading part-time because I currently have a day job, and I keep track of my trades using my broker FP Markets mobile version. Since there are many part-timers, many brokers have their mobile version to help part-timers keep track of their live trades.
  4. I trade with FP markets whose spreads are stable and consistent even during high volatile market movements. And I am looking for any other similar broker as FP Markets that offers good trading condition with stable spreads. Any recommendations?
  5. If you have a good broker like FP Markets or CMC, then the only improvement a trader should build a new strategy when there is constant loss or the profit earned is lower and take certain risks to improve trading skills.
  6. For beginners and new traders entering into live trading for the first time, small capital is the best choice because the risk and capital are much lower than other live accounts trading.
  7. For me, the demo account is the best place to try out new strategies and skills. The demo account is not only useful for beginners but also for experienced traders use them.
  8. I trade with the right broker because my broker FP Markets is reliable; they are regulated by ASIC and also have an offshore license with St.vincent. From the time I started trading with them, I have never faced any major issues. Even if I had any issues, the customer service is ready to answer through their email and live chats.
  9. Yes, quick profit is achievable, and it can be done by scalping in minutes. Scalping is one of the fastest methods to earn quick profits, and many traders follow this method.
  10. I'm a scalper, and I consider tight spreads and faster execution speed as the best condition for scalping.
  11. The most important thing is not to fall for scammers' bait and choose a regulated and suitable broker for the method that you are willing to trade. For example, I prefer trading with FP Markets because I'm a scalper, and they provide tighter spreads in EURUSD with faster execution speed.
  12. Leverage has its advantages and disadvantages, but it mostly depends on the trader and type of leverage used. If a beginner decides to trade using higher leverage, it could end up blowing his account, whereas lower leverage is much suitable and has lower risk involved.
  13. I consider scalping method because it is one of the quickest ways to earn money, and with a proper trading strategy and broker, I can earn higher profits in most trades.
  14. I currently trade with FP Markets, and the experience has been good to date, without any issues like spreads widening or sever freezing. Regarding regulation, it is one of the most trusted brokers because FP Markets are in the forex business for over 15 years, and they also have an ASIC regulation.
  15. Which is the best currency pair to scalp during london amd newyork time frame?
  16. Why do many traders prefer trading with an ECN account broker or an ECN pricing broker?
  17. I currently trade with a reliable broker FP Markets. It is regulated by ASIC and one of the oldest brokers to be active since 2005! Its been two months trading with Raw account and so far the experience has been good no issues during trading, and the withdrawal process is quicker than my previous broker ICM.
  18. In my opinion, a demo account is a tool used to understand forex and its live market traders. The real account is where traders invest their capital and trade using their skills and strategy to earn profits.
  19. I'm a beginner in forex, and currently, I have no strategy in hand, can someone here recommend a strategy for live trading with lower risks and loss involved?
  20. I'm a beginner and looking for a broker that has been active for more than 7 to 8 years with ASIC or FCA regulation?
  21. It is because scalping has a short-term and long-term strategy, and many newbies come in forex for quick cash and prefer using the short-term method in scalping and some do profit from it, and some lose due to greed.
  22. I prefer using the position trading strategy because it is a long-term trading approach where I can hold trades for weeks or even months.
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