James Mcgrant

Choosing a regulated broker is better than trading with an unregulated broker that has bonus offers, which is a method just to lure in traders and scam them. I trade with FP Markets, a regulated broker that has regulation from ASIC and CYSEC, so they adhere to strict capital requirements and the invested capital is safe.

Using an older broker is good because they have more experience and have been active in the forex business, which makes it more reputable and reliable to trade than other new brokers, who can be scammers. Brokers such as ICM and FP Markets are some of the brokers I am aware of that are older and have been in the forex business for over 10 years.

I do agree with most of the comments on several brokers, but I still prefer FP Markets over others because their trading conditions are robust. They have a lower opening balance of $100 with a commission cost of $6 per turn lot and no extra charges during withdrawals or deposits.

I currently trade with 30:1 leverage using FP Markets since it has only been six months of live trading and the broker's trading conditions are very much suitable for me as well.

When I chose my broker, the main factors I considered were regulations due to the rise of scam brokers and customer service because if there were any payment or forex related queries, it should be easier to reach them. Since I'm a scalper, factors such as lower opening deposits, commission costs, and other factors were included.

If you are a beginner, I suggest avoiding trading short term because the risks are higher when compared to long term trading. Many beginner brokers have also blown their accounts by trading short terms without proper experience and skill.

In my opinion, FP Markets is my choice of good broker, mainly because of their minimum opening balance of $100 AUD and the commission cost of $3 per lot is lower when compared to other ECN brokers.

It is important to keep track of your trading performance because it can help in future trades to avoid the same mistakes and make changes to your strategy.

I can recommend a couple of lower spread brokers like ICM and FP Markets that provide some of the tightest spreads starting at 0.0 pips, and FP Markets spreads are stable even during highly volatile market movements.

Newbies should try long-term trading during the beginning of their forex trading because the initial stages are for developing your skills and learning about the forex market. Entering long-term trading may also bring in profits and can have a positive effect on your trading development.

Yes, I trade using their raw ecn account with regulations from ASIC and CYSEC. I've been trading with them for seven months without any issues like spreads widening or late withdrawals.

The most common mistake that newbie make is rushing into forex without a good strategy or experience in trading.

I currently trade with FP Markets, their spreads are some of the lowest starting at 0pips for most parts of my trade and the commission costs are lower with $3 per lot. The other main reason I prefer them is because it is one of the oldest brokers with over 15 years of forex business experience.

The most common cause of loss in forex is rushing into trading without any proper knowledge or trading experience. For example, scalping is one of the quickest methods to earn a profit. And many newbies rush into it without a proper strategy and end up blowing their accounts. Some traders even give up trading after that.

I'm a beginner looking around for a good broker to trade live and have come across many traders mentioning FP Markets. Anyone here currently traded with them share your experience with them? How are their trading condition and is the withdrawals smooth?

How can emotion be a problem when trading? And how to keep control of emotion when there is more losses in trading than profits?

I'm still a beginner, so I prefer trading with a leverage of 30:1 using FP Markets tight spreads which begins at 0.0pips for most parts of the trade. Using a lower leverage helps me in developing strategies with minimum risks and losses.

For smaller spreads I suggest trading with brokers like ICM or FP Markets because In my experience these two broker provide some of the lowest spreads starting from as low as 0.0pips. I trade with FP Markets mainly for their lower commission costs and faster execution speed.

My advice for newbies trading with a demo account and looking to trade live, I suggest trading with the demo account till you have gained enough forex knowledge and make consistent profits.

Starting with small capital is worth it, or is it just valuable for experiencing live trading with lower risks and money?

Looking for an ecn account broker that has tight spreads in major currency pairs with a minimum opening balance of $200 or lower because my previous broker ICM spreads don't seem to be consistent as before. Any recommendations?

I'm in search of a new broker with tighter spreads than my previous broker Fxpro with lower commission costs and good customer service? Any recommendations?

Why should you never trade in forex with greed, and how can it blow up your trading profits?