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ParkChoi

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Everything posted by ParkChoi

  1. Since I trade with FP Markets, an ASIC broker, I prefer trading with their offshore licence from St. Vincent, which offers a maximum leverage of 500:1.
  2. As a scalper, I prefer trading with MT4 platforms since it is better to trade currency pairs with a suitable broker like FP Markets, where the spreads start at 0.1 pips in most major pairs.
  3. You should definitely try trading with FP Markets. Everything is quite simple, the interface is current, and they also offer a great forex affiliate program. This, in my opinion, is the ideal platform for both novices and pros.
  4. I traded on FP Markets' demo account for 6 months before putting money at risk on their actual account. Basically, I gathered enough expertise and understanding of how the platform operates to avoid certain common blunders that beginner traders make on real accounts.
  5. Most new traders favour scalping since it is one of the quickest ways to make money. Yet, many new traders have lost money by jumping into scalping without a suitable technique or live trading experience.
  6. Demo accounts and current education programmes must be able to be used effectively, and FP Markets provides these services in order to improve traders' abilities to survive and become FP Markets trader of the month.
  7. There was some early purchasing for non-USD majors, but this rapidly faded as Friday's USD rally reappeared. Of course, USD/JPY was in its own universe; it fluctuated in a range during the session and is just a little net altered as I write.
  8. I've been trading for nine months, and I trade with an FP Markets the commission per lot is $6 per round lot which is cheaper than other ECN brokers. The spreads began from 0pips in EURUSD, JPYUSD and other Major pairs and during high volatile news movements, the spreads were consistent.
  9. My current broker is FP Markets, whom I consider to be reliable. It has been operating for almost 15 years and is governed by ASIC and CYSEC. I've been trading with them for seven months, and during that time I haven't experienced any problems like spread widening or server freezing.
  10. I initially tested a few different brokers for trading, but as of right now, I think the broker from FP Markets is my finest choice because it's suitable for scalping with some of the lowest spreads and commission costs when compared to other similar ECN brokers.
  11. From my point of view, the best time to trade is at 5:21 GMT, because these are the times when the European and U.S. markets open.
  12. I currently trade with FP Markets, one of the oldest brokers. It has been in operation since 2005 and is ASIC registered. They have some of the lowest spreads, starting at 0.0 pips, and the commission per lot is $3.
  13. Quick profits are possible, but you won't be making money on every transaction, so you'll need to learn about risk management to be successful in forex trading.
  14. Many brokers provide free demo accounts with educational materials. I can recommend FP Markets as one of the brokers; they have e-books, webinars, video tutorials, and more for newbies entering forex for the first time.
  15. From my trading experience with several brokers in the past, I find FP Markets to be a better broker because they have some of the lowest spreads, starting at 0.0 pips, a faster execution speed of 30 ms, and a lower commission cost of $3 per lot.
  16. I trade forex with FP Markets, an ECN forex broker that allows me to do news trading with stable spreads even during volatile market situations and scalping.
  17. It shows how much money you lost from a previous market peak. Knowing the maximum drawdown level of your trading strategy is an important measure you can use to improve your risk management techniques.
  18. Most regulated brokers are trutable since they are under govt conditions. You can trade with either an ASIC or FCA broker, in my opinion, since they are more reliable. I trade with an ASIC broker, FP Markets, and have been trading with it for 2 years without any issues; the customer service is quick in its answers, and there are not issues during withdrawals or deposits.
  19. A beginner should trade with lower leverage to avoid higher risks and losses. Using lower leverage can help in gaining live trading experience and increasing trading skills.
  20. As a scalper, I prefer trading with a broker that provides certain conditions such as lower spreads, high leverage, and a minimum commission cost. I find FP Markets to provide some of the best trading conditions since their spreads average around 0.1 to 0.3 pips in most major currency pairs with a higher leverage of 500:1 and a lower commission cost of $3 per lot.
  21. If you're trying to find a broker with lower spreads, i like to recommend Commerce with FP Markets. The spreads begin at 0 pips in major pairs (EURUSD, GBPUSD, etc... They provide leverage up to 500:1. Since I am a speculator, the tight spreads are an enormous advantage for me.
  22. It depends on the trader if his approach will be employed efficiently on either platform MT4 or MT5 since both are good at what they do.
  23. Yes, I trade with FP Markets, which is regulated by ASIC and CYSEC and also has an offshore licence with St. Vincent. Since they are an older broker, they maintain their reputation by adhering to strict capital requirements.
  24. As a trader, using a different broker is an advantage. For example, I tried to work with different brokers' demo accounts to know their trading conditions, but so far I like the broker from FP Markets more than others.
  25. I trade with FP Markets, an ASIC broker, and they provide all major currency pairs, including the US dollar (USD) as either the base or counter currency. The majors include pairs like GBP/USD, EUR/USD, and USD/JPY.
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