There are many other ways to check if the broker is valid or not, we can also go to the review sites and check the actual traders insights at those websites against the selected shortlisted brokers.
I see almost every broker like HFM, octa, xm, exness, lmfx etc have introduced the mt5 along with their previous versions of trading platforms which means that they also want to facilitate their users to stay updated.
With the overall global situation i urge traders to trade with extra cautions and do not give back their so far profits back to the markets which in my opinion are much volatile right now.
We can make profits either taking long or short but the main think to know in this industry is when to take a long and when to cover it rather than giving the profits back to the markets. The skills needed to be learned first before making long or short trade decisions in my opinion since we cannot count on luck like casino to enter in forex trading.
Some traders never make proper plan when trading and risking more money eventually ends up blowing accounts and then blaming the broker for their own faults.
Yes exactly it is a very professional market which does not spare any trader's mistakes so all we can do is to learn the skills and practice them on demo account. Once we move to live trading, then it is a good idea to take small calculated risks.
Tradingview has become famous in the recent years however many forex and other brokers are still offering mt4 or mt5 and maybe considering transition to the tradingview in near future.
Almost the traders who are eventually profitable works in silence rather than those five minute influencers showing flashy cars and ultra rich lifestyle.
Most of the brokers offer these VPS for free to host EAs however the EA can double the trouble if you are not aware with the coding or programing since they are built to follow technical analysis so they needed to be monitored during the volatile markets.
Agreed because price action requires time to understand however once we learned this mechanism there is nothing like this and we don't need any indicators or other stuff.
The job of any trader is to manage their trades, which turned in negative after paying spreads and commissions to broker, from negative in to positive.