moneyrig

If you are new trader looking for a broker to start practicing, use FOREXCHIEF. You don't need to deposit money at first, because Forexchief gives $100 to all new trader to trade with withdraw profit easily. Choose the MT4.Classic+ to enjoy low spreads, high leverage, and no-requote trading.

You are correct. You should also study how leverage applies to this situation. People use high leverage to increase the margin and trade more, but this also reduces your free margin in the sense that you are more likely to hit a margin cut off when you use high leverage. The only broker that I have seen to give you free credit support when you are about to hit a margin cut off is Forexchief. The broker gives free credit to support your trade till you make a deposit, so that you don't lose all your money.

It can never work. No only does analysis to fail. Unless you have a guy who does wrong analysis, they you take his trade and reverse.

If you choose real ECN or STP brokers, who charge commission or spread only, you'll succeed. These brokers don't care about your losses, since they do not profit from it. An example is Forexchief ECN broker. They charge commission only and are very stable. In fact they usually help their clients with money whenever they about to hit margin, just so they could have enough time to replenish their account.

I am still using Forexchief and its has been great so far.

Forexchief has since started giving out up to $500 for each deposit you make on the platform. Also, if you are about to hit margin call, the broker gives extra credit money to hold off trade till you make a deposit. How many brokers does this?

Have you ever been in a situation where you are about to hit margin call? Well, if you have, you either close your trades or deposit more money. If you have money to deposit but there is not enough time, you can simply ask your broker to give your extra money to support your trade so that it does not hit stop out level before you deposit money. How many brokers that do that for you? Well, Forexchief is a broker that has done it for me twice now and I think this is worthy of praise. If you are using a broker who is happy to see you lose, you better leave there. A broker that is happy with traders' success will always assist you when there is need. Choose wisely.

The real trading does not take place on a demo account. The live account holds certain things that changes the game

Why don't you take your time to navigate the forum. The rules are on another page on top each sub forum

I think you are talking about Forexchief broker. They have about four account types. You can choose any of these accounts to suit different trading strategies. They allow them all, No restrictions with this broker. Check the reviews and see for yourselves.

Leverage is a good tool offered by many brokers to be able to help traders buy or sell more. More trades means more profit. I don't use too much leverage, but I have access to about 1:1000 with Forexchief broker. I can use that leverage any day anytime.

The percentage of profit you make is enough if you have a high capital input. 5% profit from $10000 is $500 per month. Well, that is something. To make more you have to increase your capital.

I have tried all kinds of trading strategies with Forexchief broker. I have used two accounts for scalping, news trading and even swap trading. There are no restrictions and the spreads are very favorable.

Just a quick reminder!!! Forexchief offers Advanced Mt5 and Mt4 Platform, with amazing features better than the previous versions. Characteristics: New generation of MetaTrader platform, MQL5 programming language, Code Base technical indicators database, strategy tester, application store, a wide range of tools for DMA/STP Enjoy Trading with Forexchief

I think the question is "Which indicator you are using". Did you read the thread before posting?

Greed is a tiny part of the human nature, and it is not a good part. So in every thing we do that involves money, we must learn to control it. In Forex, greed could be your downfall. Greed can make you use high lot sizes and leverages when it is not necessary. Greed can also make you enter a trade that you are not very sure of.

A high leverage like that is not healthy for any trader. Make sure you have a reasonable amount of money to start Forex. Leverage will eat you up if you lose many trades.

The first step would actually be to open a demo account for practice purpose.

The bonus which is equal to 100% of the first deposit, but does not exceed $500. It is credited automatically and does not require personal documents verification. The Profit can be withdrawn without any limitations, and the bonus itself can be withdrawn after required trading turnover completed This is your opportunity to get enough money to start trading Forex. 1. There is no need to upload personal documents and wait for data verification. 2. The bonus is credited automatically upon the first deposit. 3. Trading robots and any strategies are allowed, including scalping and arbitrage. Enjoy Trading with Forexchief

I think you should just create an offshore profile and choose any EU broker or some good broker in Asia. The PDT rule does not apply to such brokers and the requirement is not limited to a certain amount.

That is a great review. How long have you been trading with Forexchief?

It is not the only broker that does that. Forexchief broker does not charge for deposits and withdrawals. It is the payment system that takes their charges. Also, Forexchief trading fees and spreads are very insignificant.

That is a simple Truth. This is so because new traders will always lose at first. There will always be a first mistake, which will result in loss of money. It is part of life. Everyone cannot be a winner, else the world would be a happy place.

Forex has a lot of advantages. The only disadvantage is that you can lose your money at anytime. Simple as that.

Every business has its advantages and disadvantages. If you think too much about the disadvantages, you will never achieve anything in life.