The spreads of both the brokers are low, for fxview it starts from 0.0 pips and pepperstone’s spreads start from 0.1 pips plus they remain tight in volatile markets as well, thou, in terms of commissions fxview offer $2/RT while there is $7/RT with pepperstone. Still both are good to use.
You will be clouded with bad judgment if you let your greediness get in the way of your trading, so this is why it is never recommended to become greedy when you are making profit in forex trading business.
Agreed. I think the best way to gain knowledge and experience are the one coming from demo trading where you can get to know where to look and what to look for.
I believe that maintaining a trading journal helps in keeping the records of all profits and losses made through which you can analyze the areas where improvement is needed.
I think using leverage depends on a trader’s choice and on the amount of capital they have, in my case I mostly use leverage upto 100x on my trading platform with fxview, not more than that since it better suits my trading styles.
Yeah I agree, school of pipsology on babypips is one of the best mediums to learn forex but one needs to be consistent in doing that, also can refer to daily market news in order to be well aware of what is happening in the forex market.
Exactly, that is why it is important to know that you cannot get rich quickly from trading. Like you said, the process take times and patience and also determination in order to become successful.
But risk must be in accordance with the capital in your account. Better to keep the risk to reward ratio high as one not want to loose more than he/she has.
You are correct to an extent buddy, but I feel they are in the business to make money and no harm in it, been traded with many ECN brokers like pepperstone, fxview and I have never seen such large markups on the spreads.
On demo its easy to manage trade as there is a missing "fear" factor psychologically. One can learn better management of trades and emotions on a micro account.