Recognized foreign exchange regulators

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Thread: Recognized foreign exchange regulators

  1. #1
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    Default Recognized foreign exchange regulators

    Recognized foreign exchange regulators
    Forex traders should aware of regulators in the forex market. The most recognized foreign exchange regulators are the Cyprus Securities and Exchange Commission (CySEC) and the Financial Action Agency (FCA) and many more. Regulators give license to the broker to provide trading services. However, there are many unregulated brokers in the market. Never trade with them. Always trade with a regulated broker like Eurotrader to avoid scams in the market.

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    Highly volatile is better to avoid. However, if not, trader should use small lot size and little leverage. In this way, trader can make small profits when the market moves in favor and, of course, minimize losses otherwise. There is no right or wrong way to do this, and it all depends on traderís risk management. My broker TP Global FX give me high leverage, however I prefer to use small leverage.

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    in ro ham eslah kon:
    If the trader makes trade according to the trading plans and strategies, forex trading can be very easy for them. If it is possible to predict the market accurately, traders can raise more profit. That why it is not possible, forex is an uncertain market and anything is possible in this market. always start with a demo account. Many brokers like Eurotrader offer it.

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