New trader
If you are a new trader, you should not high leverage. Most traders are unsuccessful because of leverage. Beginner traders most of the time do not consider seriously the effects of their actions. Learn proper risk management strategy and apply it in demo account first. Just to be safe. There are many brokers like Eurotrader who offer a free demo account to their traders.
It is true in forex trading. Forex is an extremely risky market. Anything is possible even trader can lose all their trading money in a single trade. So, traders have to defensive to survive in this market. Use proper risk management strategy to stay long in the game. I learned proper risk management strategy from my broker TP Global FX educational resources.
New traders have less trading knowledge and skills so they face more losses. In order to trade, I must first choose the knowledge and the right broker. The knowledge I can do through online research and if you want to make a broker selection, you should choose the Eurotrader broker. Because this broker has many more benefits like Lots of Deposit / Withdrawal Options including BTC, NO Requotes, NO Commission, etc.
Forex is a currency trading market. 90-95% of traders are losing money in the market. Despite the facts, many traders choose it as the main income source. There are many reasons that traders lose money. One of the major problems that new traders often encounter is a scam broker. Always trade with a good and regulated broker. That’s why I am trading Forex4you which is a regulated and licensed broker.
Traders need the trading platform to trade in the forex market. Broker offer all kind of tools and platform to traders. MT4 and MT5 are the most popular trading platforms. Almost all broker including Tpglobalfx offers both trading platforms in the market. MT4 trading platform is best suitable for forex trading. On the other hand, MT5 trading platforms are designed for a non-forex asset like Crypto, Metal, Gold.
In Fx trading security is a major issue when choosing a broker. We the traders have to choose the broker which guarantee their clients funds. That’s why from my first day of trading I have been using LQDFX which at all times make sure security of funds at any kinds of investments with a wide range of trading technologies. And they don’t restrict any kinds of trading techniques with scalping and hedging. So, my trading life is very much comfortable.Originally Posted by Peter Suh
Reply With Quote
Bookmarks