Jimmy Cook

It’s a question that you got to ask when selecting the broker, I did ask myself and that’s why I did so much research, it pushed me to TradeWiseFX, it’s one of the best broker of recent times and have amazing conditions to work with, so that’s how we are always able to trade nicely.

Learning is absolutely crucial; if we’re not at learning then struggle is always going to be obvious. I have learned a lot, but more importantly I must say thanks to TradeWiseFX broker since with their free demo account plus regular tips over trading, it all has helped me to execute my plans better and easier!

Hello friends, I recently joined TradeWiseFX and ever since then my life has changed completely. This is because of their top level of features, but above all is their NFP Prediction Contest! My whole group participated on that contest some time back and I am proud to say one of my friend won the contest! I have even taken the snap shot of the announcement! ​ Thanks TradeWiseFX for such a mind blowing contest! My whole group is eagerly waiting for the next NFP!

5 tips for new forex traders Forex trading is full of opportunities but also riddled with pitfalls. The thrill brings in new traders constantly but most likely they are there for the easy money that was promised in an ad somewhere. Unfortunately, these riches are available only for a lucky few who get it right on the first trade. For all the rest of us being careful, having a solid trading plan, good trading conditions by the broker and low fees are a must to stay profitable. So here are 5 tips that could help you push your trading career to the right direction. 1. Start with a demo account. When you first go out to the world of forex you will have the risk free opportunity to trade on a demo account. This will give almost identical conditions for trading a real portfolio with all the ups and downs of the market. Just be sure that you treat the money on a demo as you would on a real account. This will give you a realistic feeling what could happen to your hard earned cash. Caution though when using the demo to judge the performance of trading systems which have a large number of trades, this is one place where the real results can later be lower as slippage comes to play. 2. Choose a broker that gives you low trading costs. A big part of any forex strategy staying profitable is the cost you pay on every trade. This is especially true to very active trading styles making 5 or more trades a day. These days the low end of commissions can be as little as $2 per $100,000 traded. 3. Don’t be lured in by huge bonuses of 100% and more by brokers. A good broker might give you a nice boost to start with a 25-50% bonus and you have to appreciate it as brokers give away their profits even if their trading costs are already the lowest in competition. But don’t run for 100%+ bonus offer as attractive as they may sound, these are mostly cold calculations by low moral brokers to lure you into making large deposits after which you will be riddled with fine print in conditions, withdrawal restrictions and high commissions. You have to understand that these brokers will want to make their money back from you as fast as possible. 4. Look for ECN/STP brokers. A broker using either of the technologies is more likely to be on your side. Why? Because they don’t keep your trades in house. A STP or straight through processor will send your trades to the open market place and has nothing to win from your losses than a sole B-book broker which trades against you and wins everything you loose and also loses everything you win. You can see the conflict of interest here as they have the upper hand here. 5. Don’t always go for the highest leverage accounts. While some brokers will offer you 1:1000 leverage on your money this also increases the risk both for you and your broker. Leverage like that means that it is solely backed by the broker you trade with as no prime brokers give leverage like that to the end user serving forex broker. This means it is not doing STP (read point number 4) and just wants you to lose as fast as possible for their gain. A leverage of 1:200 or less is beyond most people’s needs and is something you should go for. For comparison US regulated brokers aren’t allowed to give more than 1:50 leverage. Written by TradeWiseFX Team - Source - 5 tips for new forex traders | TradeWiseFX

Why not? It is only from little that we make it big, but if we stop doing that then we will not go anywhere. I believe we should always be eager to get these small profits, as that is what over the years turns into big. I am able to make good profits regularly thanks to TradeWiseFx, as they got magnificent spread, it is starting from 0.0 pips, so I can cut trades in matter of minutes or even seconds, it still brings quite likeable profits.

At the moment I consider TradeWiseFx Company as the best. They have so many facilities available; it is from having ECN account to huge bonus up to 50% on deposit, we can also trade on over 60 currency pairs, commodities, indices and much more. We can also participate on various contests especially the latest one of NFP Prediction Game, it allows us to win 100 USD/EUR every NFP, and so everything is so exciting here!

I like doing both style of trading, as I believe that’s the way we can get towards real success, but if we become one dimensional then we are likely to struggle. I have massive advantage thanks to TradeWiseFx, as they are a brilliant broker with having ECN Pro account where spread starts from zero. Also, I don’t need to worry over delay in execution, as it’s all instant.

We must always remember that when we talk about the best broker then it should be good enough for all, it does not make sense that what we call the best will be good just for some while ordinary for others. I trade with OctaFX broker, it’s an true great company that covers all side, it’s good for scalper and long term trader, so in short it’s an broker that’s the real deal and having such companies to be working with is always a major boost.

You are spot on mate, it’s a true story about Non- ECN brokers, as they often say zero spread or such offers, but in reality they charge so much whether it’s with commission or hidden fees, so that’s why I never work with them. My selection is based around a true ECN company OctaFX, it’s a genuine ECN broker with low stop out level of 15% and margin level of 25%, so it’s phenomenal to be trading with them and I believe it’s my luck to work with them.

Now a days education is all from demo account because there are hardly any offline teachers and even if there are then it’s just too costly for a beginner, I believe that many people take it as a trying work, so if they find it easier than they do it properly, but if they feel uncomfortable then they leave it, so that’s why we should first go with demo and if we find it right then we should be trading on real, I am currently using OctaFX broker and they have really outstanding 8 USD no deposit bonus, it’s perfect to get education.

OctaFX has always been eye catching company with their unique and 100% guaranteed working offers and this is another massive thing for traders, it is just outstanding company to be working with, it’s not just getting analysis as there are many providers, but having this sort of accuracy is just incredible and that too been completely free is lovely and I believe that if we wish to get positive results then we must follow these analysis consistently without any major changes.

This is the major issue that some bonus only increase the capital but it’s not really required in my view, I need to have a bonus which grow my margin, so that is what I want and that’s profitable for me and every trader, if I work with OctaFX broker and they don’t just help me grow my capital but also the margin level, so that’s why I really love to work with them and I believe everyone gets benefit when the increase is in main thing not just unnecessary stuff.

Physically it is of course not hard work, but mentally it can be hard work. If we learn to get over the mental barrier then we will be able to make profits. To get our mentality strong we must focus on trading well and that’s possible only thanks to OctaFX broker, as they got the power pack service that makes our life so much easier, it gives us 50% bonus on deposit, so that really makes everything perfect for me.

The best guide as far I say is demo account, it perfectly indicates if the broker is really worthy to be working with or not plus it shows us their server speed and various things that can be very handy in finding the right broker, I thought of doing this with my broker OctaFX, but they already had great 8 USD no deposit bonus and I used it with excellent results, so really I was not required to have anything else.

Good concentrate is always the key to success, as one who is good in concentration will always be much more successful because it helps in controlling the emotions. It’s not necessary that every trader should straight away be good in concentration, but we can learn it by regular trading like I have done with help of OctaFX broker, I regularly participate on cTrader demo contest where I am able to learn so much apart from chance of winning 150 dollars first prize.

Mate whatever you mention is perfect and In my view it’s tough to point out one advantage of OctaFX broker, it has too many solid points which includes having the lowest spread of 0.2 pips, high leverage up to 1.500, stop out level just been 15% and most important factor of margin level which is just 25%, so these are some of the most fascinating stuff that one can desire and it’s given to every single trader whether he is a low investor or larger one.

Dreams come true only when we got the right support and with OctaFX broker I am not worried about this, it makes me feel super excited to witness so many advantages. In fact, it’s not far from what we actually expect to get. I would be pretty pleased to have honest and reliable company, but here I get far more than just honesty, it’s a beautiful broker with very good facilities which include low spread of 0.2 pips, high leverage up to 1.500 and great customer service.

Currently I am making 400 USD per month and that’s for me enough of the income to be satisfied with, but when it comes to future, I will definitely be needing more and I am hopeful that I will be able to earn that because I am trading with world’s best broker OctaFX broker, it has wonderful setup with low spread of 0.2 pips, high leverage up to 1.500 and also they have got wonderful customer service that’s active 24 hours to help us out.

One of the newest and most revolutionary platforms available for trading is the OctaFX broker. This broker is based in Saint Vincent and has won numerous awards for the services it offers to its clients. This broker is an ECN/STP broker and is a part of the international finance community. This broker is known to allow traders and trade to develop and grow and reach new heights of success. It is a micro trading platform which is gaining immense popularity. This service is known for helping and providing its clients with the best customer support and other services. Deposit In order to create an account with OctaFX broker for any type of trade an account needs to be created. When an account is created a trader can not only trade but also receives added benefits. When you create an account you are provided a personal area where you can see details of all the transactions that you have performed till date. This personal area contain information about all the transactions and profits been made through your account. After the account is created all you have to do is deposit the amount. The amount that needs to be deposited initially varies with your method of payment. If you are wiring the money then a considerably larger sum of money needs to be deposited. If the transaction being performed is through a card or online transfer then an individual only need to pay a mere $5. The user does not receive any commission in most of the forms of submission of money. There is a standard procedure which needs to be followed otherwise the OctaFX broker system will not be able to recognize that a transaction has been performed. Withdrawal After a trade is conducted the amount that you earn is automatically credited to your account. When you generate huge profits you might also earn commissions along with it. Whenever you want to withdraw the sum form your account of this broker you need to verify that it is you. This verification can be done by providing some concrete information that you have set as the recognition for your account. No other third parties are allowed to make withdrawals from your account of OctaFX broker. This is strictly prohibited as you are the owner of the account and should ensure safety of your account from your side as well. It takes approximately an hour to process the request and if the request reaches after the office hours then it will be processed the next day. The procedure for withdrawing is similar to that of depositing into your account. Funds Security The funds of the clients are kept separate and different balance sheets maintained for them by OctaFX broker. They do not mix it up with the assets of the company so that the amount of the client is kept safe. All the financial transactions are performed under highly encrypted environment and this is the reason why no fraud or scam can be carried out. Your verification is needed throughout the process of both deposit and withdrawal ensuring that it is you who withdraws and submits the amount.

It’s really nice to see you doing such a fine job mate, it’s not easy for a newbie to be finding a good broker on his own because there are very clever company with experience people, so they know how to trick new comers, it’s only with help of expert or experience person that we will be able to find the right partner. I like to appreciate your work, as this will help many people and alongside this I also one to suggest one company which I have personally tested inside out, it’s OctaFX broker, I am sure most people might already heard about this since they are 9 times award winning company, so you know how good they are to achieve this.

Just like we do normally, it’s not required of anything extra ordinary, but just the routine way we do trading, but we need to just be more caution in our approach, as news trading can mean huge profits or it can easily mean losing badly, I do news trading only when I am at most comfortable zone. I trade with OctaFX broker and they do their part to make me feel really relax and happy, it’s thanks to their outstanding conditions, it includes low spread of 0.2 pips for all major pairs while it also have got over 50 pairs to select from, so that really makes thing easier for me. Also, it has fantastic customer service to go with, as it’s 24/5 active.

Let’s talk about a true ECN broker because I am sick and tired of broker promising to be true ECN company, but in reality they are never that and not just not been ECN company, but they are not even good brokers, so that’s why I really want to discuss about a good and a true ECN company. At the moment I am trusting only one company and that’s OctaFX broker, it is a true ECN broker and even for the moment if we don’t see that their service is so much good enough to work with them especially their 8 USD no deposit bonus, it’s the ideal launching platform for new comers like me and can help us set our future.

I don’t really know why because this is such a good business and having so many options and freedom makes it even better since we are able to do it from any corner of the world. Also, it can be done anytime been a 24/5 market, it’s really great to be working in a business like that, as that makes me feel really great. I don’t have any one to stand on my head as I am my own boss here while I am working with OctaFX broker, it has really great facilities that makes no chance of gambling especially with their low spread of 0.2 pips, high leverage up to 1.500, it is also great because of the trading platform which is so smooth.

Predictions mean not been sure about something, so that is obviously the reason they can be wrong, if we want to make it 100% correct then we should go step by step with proper education, it’s impossible as there are plenty of experts and highly successful trader who have reached to that stage with hard work and skills. I am also hopeful to reach there one day and all that with my own ability and hard work, but I am happy that I have got very good support from my broker OctaFX, it has the perfect tool to match my requirement especially for long term trading with their swap free account facility that helps me trade without having to pay anything extra.

I don’t exactly have fixed lot size as it’s all depending on situation, but I prefer to go with at least 1 lot size and that’s to do with OctaFX broker, it has wonderful rebate service, it helps me earn 15 USD profits per lot size trade. I can make good profits from it while also with rebate there is strong rebate available to be had, so that’s what makes it superb and highly profitable adventure for one and all.