It seems that an education-
It seems that an education-friendly Forex broker will be a useful novice trader. In other words, novice traders should consider a new simulated trading environment, they need to start their demo with a small demo account; I am currently trading with AAFX, which gives me market updates up to 6 times a day, real-time, in-house news feeds, choice of variable and fixed spreads, 24-hour news and commentary and many more.
Education is one of the major reasons behind anyone’s success, so we need to give it HIGHEST level of priority if we want to be successful. But of course, it’s not the EASIEST of things to do, which is why we need to work extremely hard for it. And I am grateful to my broker FreshForex, as thanks to them, I am able to work through things very easily through their Educational setup, which is simply spectacular!
For the novice trader an education-friendly broker will be a useful part in their trading career. On the other hand according to my experience I can say that the novice trader should choose the educational facility provided broker. I picked up that’s why Forex4you broker when I was a new comer in this market. Because for the educational platform this is the best broker that allow free sessions in their platform.
Being with a good broker does matter a lot for me. From my first day of trading, I have been using BPRIMES due to superior execution, lowest trading spreads, low transaction cost, easy withdrawal system without long time process, active customer services and much more that are very supportive to lead a comfortable trading life with certainly. I am getting all market news and logical analysis from them and leading a comfortable trading life.
If we discuss broker educational section and resources, AAFX is outstanding amongst other brokers. They have Advanced Educational Academy. Alongside that they have free eBooks and video instructional exercises. It also gives every day analysis and free forex signals. I am trading with them for over 1 year. I am getting benefitted with their resources. My personal account supervisor assigned by AAFX is extremely knowledgeable and supportive.
Leverage helps every trader to make his market exposure that level high which exceed their initial investment. But it is not for new traders. It is always safe to use 1:100 leverage for avoiding risk. I am getting this high volume of leverage from FXLinked. Leverage is a very important tool in forex trading. A trader can select this tool as an indicator to select a broker for their business. Because without proper knowledge if newbies apply high leverage they might lose everything
Last edited by Chuck Hurst; 05-04-2019 at 09:31 PM.
Newbies need education to form themselves. Newbie traders prefer buying paid courses at their first attempt but I am not in favor of this decision because easy internet availability has made it easier for us to strengthen our basics. But I would suggest them not to go for paid courses directly before finishing the available free courses. Eurotrader offers traders a free educational program and narrow trading spread.
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