Education is a must thing for forex trading. A trader should complete his education before starting his trade. Otherwise it can be dangerous. He can loss all his capital because of little knowledge. To complete his education there is only one better way and this is to open a demo account. It will help the trader to know all the important techniques easily. When I was new, I also opened a demo account of TP Global FX to take the education of forex. They helped me to understand the forex. For their easy trading policy and easy learning method, I am still trading with them.
If you want to trade in the forex market, you need a broker. Brokers must be regulated by financial watchdogs such as ASIC and FCA. Many forex brokers are unregulated. So don't choose an unregulated broker. I am currently trading with a regulated broker called ForexChief. I can use its multi-asset trading and social trading platform and app. Also, the broker keeps my money in a segregated account.
Knowledge is the main thing in forex market. You can not become rich without knowledge about forex market. On the other hand you also need a reliable broker. A fake or scam broker can be the cause of your losses. As a trader, I am trading with Tpglobalfx. They are very supportive. They provide minimum spreads starts from 0.01 pips. They also provide maximum leverage up to 1:500. They provide 24/7 customer support to their client. Overall they are very nice and trustworthy broker in the market.
Learning is no longer a complexity for traders. There are paid courses available online and free courses are also available to follow. Try to follow any paid or unpaid education courses or the education program provided by Eurotrader, an ECN broker.
Earning from small capital is possible but enough trading expertise is needed for so. But I say that focus on growing your trading experience as much as possible. There is no alternative to trading demo account for your own sake.
I strongly do not advice to pay for trading education because most what you need to start you can find online free, while trading secrets can't be for sale as you can earn more from them applying them in trading instead of selling to others.Originally Posted by Giacinta loggia
Knowledge and your broker are two different things...you acquire knowledge beforehand and then come to the broker ready to trade on demo or live. Also, regulation only has to do with safety of funds and even then it doesn't protect people like they think it does. Plenty of fiascos have happened with regulated brokers.
Regulation is key, you need that sense of security when you deposit your funds with a broker, and this is what regulation does for you. And always make sure you verify if they are truly regulated, I did this in my time before choosing forexchief and they turned out to be both regulated and licensed which is a huge plus.
Forex is such a market where you can start trading with a few dollars only and several brokers also allow traders with welcome bonuses. Forex is all about mental labor and until a trader is mentally prepared, he can’t make advancement in trading. Eurotrader’s 111% deposit bonus can help you in this regard.
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