Recent content by miriamgriffin

Not really. Some regulated brokers do offer deposit bonuses. I get a 100% bonus for every deposit with fxview. So, it just depends on the broker you choose. Being regulated does not equal to being restrictive all the time.

If regulated brokers restrict traders, then why would any trader be interested in trading with them? All regulated brokers imposing restrictions on traders seems like a stereotype to me.

With all being cysec-regulated brokers, which one is the best one to trade with?

Before committing to any particular broker trade their demo for atleast a week. This will give a good idea about the trading conditions offered by the broker.

Apart from tight spreads, the broker’s customer support, order execution speed, and withdrawals are also important. Spend some time trading with different brokers to compare their features and make your decision accordingly.

Reputation is of paramount importance imo because no one would want to risk his money trading with a broker with a bad reputation. A well-reputed broker is one that traders should opt for.

It is very hard to avoid losses in forex trading, but you can certainly avoid heavy losses by risking small capital, using reasonable leverage, and implementing stop loss at the right price level. But, these trading strategies only work if you have a good understanding of forex trading along...

Being an affiliate of a broker allows you to earn risk-free money, but you need to make sure that the broker you’re promoting is a reliable one. It’s your moral responsibility to recommend a reliable broker to other traders.

I agree with you. Greed isn’t always bad. It's the decisions that we make for that greed which sometimes prove to be of loss. Making good decisions is important in trading. Risk management and discipline can help you make money even if you are greedy for that trade.

@Kazumu Fukunaga It is a fair point to use a demo account before moving to actual live trading. Some people do say that they are not emotionally involved on demo accounts as they feel in actual trading. But we need to understand that it is our hard earned money that we may lose if we don’t...

I don’t think it is possible. Forex trading takes time to show results. If you are too impatient, you will want to see results as soon as you start trading which is not going to happen. Consider it as a business that needs time and patience to set up if you are serious about it.

No, you can be from any educational background to trade forex. I also used to be a content creator when I started trading forex. But yes, you will have to learn forex trading thoroughly to be able to make money by trading. It’s that simple!

Instead of setting a big goal, it’s better to set small achievable goals. In a market where losing money is every day’s deal, achieving something can be a great motivation. Moreover, the goal is to become consistently profitable, not to make a big profit once and then, sit empty-handed.

You are bound to make mistakes as a beginner. So, this should not be something that you should feel bad about. But you should feel about not taking a chance to understand what made you lose and what you could have done to improve it. Be it demo trading or live trading, the more you understand...

What about the spreads of these brokers? Are they fixed?