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bigxy
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Brokers like hfm offers leverage of up to 1:1000 on their micro accounts and 1:400 on regular accounts. New traders however being unaware of the market conditions should keep the leverage low in start because high leverage can also claim higher damages too.
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When comes to using a VPS to host any EA for automated trading, it is better to go with the reputed broker as they also provide VPS for using EA.
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What is the amount of money you typically invest in trading?
bigxy replied to Nona_3's topic in Forex General Discussion
Risk management and other necessary essentials are some of the initial things to be learned by new traders before jumping into forex trading. -
Losses are part of the business however a professional traders manages negative trades in to positive and profitable. Whenever we initiate the trades we turned up negative by paying broker's commissions and spreads etc.
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Most of the reputed brokers like hfm, octa, xm, exness, lmfx etc offers mt4 and mt5 trading platforms since these platforms are user friendly and easy to navigate.
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No deposit bonus from brokers. Any suggestions?
bigxy replied to boltushkin's topic in Forex Newbies
Trading only backfire when we prone to high risks and does not know what we are doing. This usually happens to the new traders who join this marketplace and treat the trading business as gambling. -
We can practice on a free demo account to get rid of fears and can limit our risks on live trading by using stop loss feature to reduce our risks. There are many brokers like HFM offer free demo account which does not require depositing money with the broker to access them.
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Forex trading is risky yet we can minimise our risks using money management skills and risking 1-2% of our trading capital.
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I am also waiting for the correction before i can make another long but the move is still crazy in my opinion.
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Brokers are actually the trading partners in other words since they provide us with the necessary technology needed to initiate trading and making money off course.
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I see brokers are contributing toward traders' education by providing quality webinars which can be accessed online in case you missed them.
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In my opinion forex brokers also provide VPS accounts if you want to host any of your EA for automated trading. I however prefer trading manually however still we can get our profitable trading strategy in to an EA if we want to go automated.
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No deposit bonus from brokers. Any suggestions?
bigxy replied to boltushkin's topic in Forex Newbies
Exactly this is the point, traders with real skills look for trade conditions rather than bonus offerings since bonuses always come up with certain terms and conditions so if anyone still looking for bonuses they better read those terms before availing such bonuses. -
The spammer and all of his content being removed by the admin.
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It's really hard recommending brokers these days since there are many new brokers joining the industry while many also winding up at the same time. It will be good if we take some time researching few handful of reputed brokers to further finalize the right broker. In my opinion, brokers like hfm, xm, exness, lmfx etc can be a few to shortlist while looking for a reputed broker.