bigxy

If the fundamentals are strong then we wait looking for the technicals to be in line with the fundamentals as a confluence for either buying or selling any underlying asset.

The JPY hits 34 years record low, lets see if it creates any profitable opportunity buying or selling it against other currencies.

Each account type has different properties similar to the traders who have unique style and characteristics from each other, so i guess its upto us to compare the account types and choosing the right one to carry out our trades in the long run.

If you have a profitable trading strategy you can get it coded into an EA and go automated.

Just check out the google for more.. is it the only one you found? i guess there might be many as well to make a comparison for choosing the right one for sure!

Everyone should start forex trading as a hobby for free time while keeping their primary jobs in-tact. Moreover, the broker usually keeps whatever amount you have to deposit with them even if it is 50 or 100 bucks.

I noticed this broker have introduced crypto wallet for deposits & withdrawals and they also started offering crypto trading.

I guess they are in the trading business for more than ten years now and it takes more challenges to operate for such a long period of time in my opinion.

In my opinion USD is always a safe heaven currency when it comes to forex trading so we have to keep check on USD index while trading any forex trading pair.

Reputation plus regulations matters in my opinion, i however pay more attention to the reputation of any broker since there were many cases in past where even regulated brokers turned into scam and not sure if the traders got their money back.

Every trader has their own unique trading model while some are shorting and at the same time others are taking long, both parties think they are smart and mostly both of them makes money on their calls. Some however make losses as well and this is the forex trading business, money from un experienced traders flow towards the experienced and patience traders.

I guess its depend on your risk tolerance, always start with the amount that you can afford to lose. Some noobs think it will make them rich and they put their entire life savings and eventually loose money which is hard to digest. So start with small amounts and the brokers like hotforex, octa, exness, lmfx etc have micro accounts as well which can be beneficial for low balance traders.

First of all, plan the trade and then trade your plan that is simple in my opinion.

There are many inspirations for trading however let stick to the basics i.e., earning enough to make both of the ends meets in starting however its not that easy as it looks like even i had traded hotforex demo account for more than six months before going to trade live funds when i started.

I have heard that this 2024 will be another bull run for the crypto currency since the btc have already made another ATH again.

Yes i guess you are right everyone need to go through the terms and conditions before availing any bonus.

Higher leverages can claim higher risks as well so always better to start with low leverage and increase it if needed in future.

They are actually free so that we can check the broker processes without depositing any money with them.

Manual trading is always preferred by the trading veterans however we can get our trading strategy coded into any EA to automate our trading experience.

Low spread as well as lesser commissions in my opinion otherwise these scalpers will only profit the broker by paying spreads or commissions on every trade rather than bringing any money themselves.

We might require a trading journal for reviewing periodically and improving our mistakes so we can manage our trades more efficiently in future.

I think the cysec, asic and fca regulated brokers can be a good choice to be shortlisted for further testing and finalizing the right broker. I guess there are a lot of reputed brokers like hotforex, exness, octa, xm, lmfx etc and many others operating these days so we can shortlist them doing some of research at our own.

There is no harm of trading through an EA if you know a profitable trading strategy however these EAs do require monitoring as well during the high volatile markets.

Technology has evolved too quickly and we all have to accept the fact that we now have every thing on our trading desk with one google search.

If you have any bad experience with any broker you can go to the review sites like FPA etc and write your insights about that particular broker. Either the broker will clarify the mistake or otherwise traders get alerted about that said broker. BTW what exactly happend to you, did you try trading with that particular broker..?