radex78

Besides analytical skills also need strong psychology to run plan trading fully disciplined. Despite having good analysis, if in practice still, many times repeated the same mistake over and over again will be difficult to develop good performance.

There are so many brokers in the forex world, as long as the broker gives good service, trading conditions, fast withdrawal process, low spread, good customer support, trading platform option, and deposit withdrawn option, trading with its broker will be more comfortable. I not yet looking for another boker and still using FXOpen because all requirements I need are still there.

Despite in FXOpen providing more than 600 + tradable assets, however in trading, I only open several pairs like EURUSD, GBPUSD, XAUUSD, USDCAD, AUDUSD, EURJPY, USDJPY, and GTBPJPY, but in trading only choose one pair with maximum of two pair.

Indeed using ea need more cost, like hiring VPS, and if getting ea with buying ea also needs cost, sometimes seller crazy offer their ea with highly expensive, and yet not all ea can work with small capital. In manual trading, we can manage the risk-based own preference.

If you want to get a chance to obtain a free funding account in a real account, try to join a free demo contest at the TickTrader challenge, if able to become the winner at first place will get a real prize on TickTrader account $120. It is not easy to become the winner in a demo contest, however trying it out is free to join without any risk.

Trading with FXOpen, I also like to use scalping trading, choosing pair majors like EURUSD, AUDUSD, and USDJPY, when using TickTrader terminal platform it is possible to get negative spreads, for scalping this is an interesting platform and worthed to try, you can use demo account first to using TickTrader, besides available for PC, the platform also available for Android and IoS,

Yes, in nature forex trading is risky and included speculative investment, we can make a quick profit in trading, even when the good time only needs a few minutes to take a profit. However forex is also risky, we need a trading plan to manage the risk and capital as well.

I still use FXOpen and often trade forex by choosing major pairs, in the chart usually like to open multiple pairs and will look the pair with good average movement. Trading gold also has a low spread, but high volatility trading gold is risky if using a tight stop loss.

FXOpen as an innovative broker that awarded by Traders Union now adding three pairs in their pool, the Hungarian forint and Czech koruna to its asset pool, paired with the US dollar and euro: USD/HUF, EUR/HUF, USD/CZK.

A demo account can be used for backtesting trading strategy without any risk, now FXOpen held an ongoing contest trading demo account using the TickTrader platform with a prize of up to $120 and a total prize of $400. Joined in the contest TickTrader challenge besides you can try a new trading platform, also if become the winner hence will get the real prize.

I do scalping with FXOpen and choose pairs like EURUSD, this is often I get zeros spread and gives benefit for scalping trading with a taken profit of only five or ten pips. If often hit target profit, enjoy trading.

Good and profitable robot trading can join in the forex trading championship 2023 forexcup dot com with a prize of $50k and get the trophy for the winner, at present the current standing position is taken by a trader from Turkey, and the previous winner already collected more than 600%. If a robot can work better, it possibly becomes the winner and gets a real prize of $50k

Risk in trading becomes part of forex trading, we can't fully eliminate the risk in trading, however, we have the minds to control these risks based on our preference. Forex risk management is also important to keep our trading on the plan to reach the final goal, however, the golden rule for investing money in a high-risk business including forex is just to spend money that affords to lose.

Forex trading could become a long-term investment, and choosing a reliable broker is very important, because there are so many so many scam brokers in the forex world, to minimize these risks faced by scam brokers, choosing a regulated broker is safer than an unregulated one. I use FXOpen broker regulated on ASIC, FCA, and CySec

Professional traders most of them working trading forex with big capital in account trading, in addition, bank traders, will use the big fund and deep analysis in forex trading. Not all traders enter qualified as bank traders. Retail traders invest money based on their capability, it is various number for each trader investing money, trading with FXOpen, we can start even using only $10. And still available good opportunity to get free capital trade in the real account by the free contest in the forum.

No risk no gain in forex trading, if traders want to get profit from trading, they must take the risk, and in the forex market basically, the price is dynamic and sometimes unpredictable, we may face mistake analysis despite already tries make the best analysis. It is impossible to eliminate the risk fully. Loss is part in trading sometimes inevitable. But with patience waiting for good momentum, the risk could be minimized.

I see, there are so many traders who like manual trading, using robots or manual trading has its own pros and cons, manual trading is cheaper than trading using a robot, and the risk itself depends on the how trading performance of the trader itself or the robot itself.

I like scalping trading choose pair EURUSD, this pair has good average movement and also in FXOpen could get negative spread using TickTrader platform, often I only use pending order by setting up stop loss and target profit.

Security could become the main priority when choosing a broker, no anyone trader wants to enter into a scam or cheating broker, the regulated broker is safer because they work under regulation, and the regulation agency work to protect investors. Regulated brokers have proven the company safer than unregulated for investors this is important, one proof that regulated broker safer than unregulated is FXOpen already worked in the financial market for more than 16 years, this company is regulated in ASIC, FCA, and CySec as top tier regulation agency.

Thousands of brokers in the forex world, beginners are probably confused about how to choose the broker, how to choose the broker should have criteria including. Regulated broker, trading conditions, transaction fee, customer support, payment processor, platform trading, type account, and traders review. I trade with FXOpen ECN broker, regulated by ASIC, FCA, and Cysec, Good trading conditions in the ECN environment, the transaction fee is low, even get a negative spread on the TickTrader platform, and Customer support 24/5 a week. payment processors available in many ways including Bitcoin, platform trading support MT4, MT5 PC and mobile, and TIckTrader platform support PC and mobile too. Type account, micro, STP, ECN also crypto. Traders' review is good on Trustpilot

Each trader has own story in the journey trading career, personally, I trade with FXOpen for more than ten years and the company has a good track record in the financial market, get awarded the best ECN broker in 2021 by IAFT and as an Innovative broker 2022 by traders Union, in the near future the company sponsored free contest trading demo account on TickTrader terminal, with the title 'TickTrader challenge'. Join the free competition and has an opportunity to win up to $120.

Scalping is short-term trading with small target pips of roughly 5-10 or a maximum of 20 in a single trade. However scalping traders could open and close orders many times a day, and active scalpers could make 100 trades a day trading. Some traders maybe use scalping robots to replace their hands to work in trading.

Trading with big capital compare to using small capital indeed will different results, logically use bigger capital will make a bigger return, however using bigger capital does not guarantee will getting good profit if traders are still reckless to use their margin. Greedy is the big enemy that comes from own selves, despite trader use big capital if greedy become habit hence will only leading to margin call.

In day trading does not always use indicators, sometimes like trade-based price action and candlestick patterns with an emphasis on risk management plan tightly. But I like the indicator Bollinger band and RSI and MA line. It is simple and easy to use.

The demo account is free to use, working in a demo account we can develop a trading strategy without the worry of the risk of losing money because only ise virtual money, sometimes I also use demo ECN FXOpen to learn new trading strategies.