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ParkChoi

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  1. ParkChoi
    Thank you for sharing this info
  2. ParkChoi
    Good info
  3. ParkChoi
    That's a good explanation! Going long and short gives traders the flexibility to profit from rising and falling markets.
  4. ParkChoi
    Also check if they have good customer support
  5. ParkChoi
    RORO is the market sentiment of traders while tasking risks, and it changes based on the market. During risk-on, traders favour higher-yielding currencies, and during risk-off, they favour safe currencies.
  6. ParkChoi
    Fundamental analysis looks at a company's financial health and helps assess the risks associated with an investment. Its used for long-term investment strategies. Whereas Technical analysis is the study of historical price actions which is used to spot trends and patterns. Both have their own advantages and disadvantages. Therefore, it's mandatory to understand both in detail and tailor it to your trading strategy. Hope this helps.
  7. ParkChoi
    I use FP Markets to trade with the most commonly used currency pairings, such as EURUSD, and to the best of my knowledge, I am aware that they provide over 63 different forex pairs for traders to choose from.
  8. ParkChoi
    I feel that the mode is really crucial for a demo trader. This is the finest choice for learning if approached correctly.
  9. ParkChoi
    I have not traded with many brokers, but only a couple of them, such as CMC and FP Markets. Both have advantages, and compared to other similar brokers, they provide reasonable spreads and reliable trading conditions.
  10. ParkChoi
    I am delighted to be working with FP Markets. Excellent technical help. I also appreciate the absence of commodity swaps. Spreads are also tighter, ranging from 0.0 to 0.2 pips for most of the day.
  11. ParkChoi
    Yes, not just FP Markets, but other brokers like CMC also provide free swap accounts to Muslim clients. So normal traders have to trade pairs with currencies at a higher interest rate paired with currencies at a lower interest rate to obtain a positive swap.
  12. ParkChoi
    I work with FP Markets as well and have been using it for a couple of years without any major issues. The spreads in EURUSD are great, starting at 0.0 pips, but in other majors it sometimes goes high to 0.6 pips, but the commission cost is lower at $6 per round lot.
  13. ParkChoi
    I've been trading manually; finding a solid EA has been difficult for me. I tried various EAs, but they all ended up destroying my account; therefore, I prefer manual trading with FP Markets since I can limit risk depending on my personal tastes. Hiring an EA is more expensive than hiring a VPS.
  14. ParkChoi
    No, there is no way you can eliminate risk, but it is possible to avoid a few, like scammers, by choosing regulated brokers such as XM, IG, or FP Markets.
  15. ParkChoi
    I trade using an FP Markets ECN account with a minimum opening balance of $100 AUD and a commission cost of $6 per round lot. So if you add those and plus the taxes for a day, I would be spending around $300, but the profit earned is higher because of its robust trading conditions, so I do not focus much on how much I spend and focus more on making consistent profit.
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