Recent content by Pinchbeck

You are right, finding a regulated broker isn’t that difficult now. Found plenty of good ones on this thread https://www.digitalcashpalace.com/forum/threads/cysec-regulated-forex-brokers.68832/. Many of these brokers have multiple deposit and withdrawal methods, which even include cryptos.

Some of the important parameters to consider: 1. Regulations 2. Commissions 3. Spreads 4. Withdrawal processing 5. Customer service support

I won’t get into the discussion of regulated or unregulated, as both are widely used, but I would instead focus on trading conditions and withdrawals. If trading conditions are good and withdrawals are processed on time and without any issue, then that’s good enough for me to decide on a broker.

Forex is risky but I think the risk is worth the profits we get rewarded with at the end of the day. If one takes calculated risks with a higher probability of winning the trade then they are good to go. Risk management is the key to success in forex and those who can master this will survive in...

Political events have a huge impact on the market, since they can lead to inflation, instability, and so much more in the market. They have a large control over the market, and are something that can be either extremely harmful to it, or very helpful. It entirely depends on your perspective of it.

Certainly you can, but you will have to work very hard. Make sure to go through all the important information available on forex trading and then, practice in a demo account for as long as you are experienced and confident enough to handle the pressure of a live trading account. Also, make sure...

I think instead of favourite or easy analysis, you should focus on necessity. Both types of analysis are very important for being successful in forex trading. But, I like fundamental trading most because it is very interesting to study factors, such as politics, war, economy and social events...

No, it is not. It is a legal way of making money. Many people lose their money in forex but it has nothing to do with their luck, but they lose due to poor skills and wrong strategies. Forex trading needs knowledge of the market and practise for building strategies to make money. We can say that...

Yes, please keep it always. In forex, it works as your mentor and provides you with all past mistakes and plus points which will help you in future trading. This will also help in setting up goals and tell you whether you need to go back to the demo account to tweak your strategies or brush up...

Forex trading is extremely risky because the markets are volatile, and the value of your trade can change at any time. This means that you could lose money rapidly. Therefore, it’s important to develop a trading strategy and a trading plan that suits your risk tolerance level, and to always be...

You can anytime have to go through deposit/withdrawal concerns, technical issues, etc. For this, you need a broker that offers friendly and responsive customer support service at all times.

Trading is challenging, but once you learn the ropes, it is easy. You can earn a lot if you have a good strategy and understanding of the market.

Risks in trading can’t be avoided but can be managed by using proper risk management strategy.

Tell me about a job that doesn't include stress. I don't believe any job will pay you if you don't put in the effort. In forex trading too, a trader can not be profitable until he/she puts efforts in learning and developing trading skills.

High leverage allows us to trade with large position sizes by using relatively small amounts of money. But it can also destroy an account if a trader is not careful and does not use strict stop-losses.