Leander

Can't agree more!

Regulated brokers are safer to use because there are several fake brokers and scammers in the forex market. I use an ASIC broker known as FP Markets and have been trading with it for several years with its ECN account. The customer service is quick in answering queries, and there are no issues such as late withdrawals or servers freezing.

I have been using the same broker for over two years for scalping, and so far it seems to be going pretty well. The spreads move around from 0.2 to 0.3 pips, with a faster execution of 26 ms.

It is true that swap is different in various brokers, I trade with FP Markets and they offer competitive spreads, it is an all-in-one FX calculator that allows you to compute all of your trade's key factors, such as pip value, contract size and swap rates.

From my experience with many brokers in the past, I find FP Markets to be explicitly mentioned when discussing reliable and safe forex brokers. This broker is fantastic, and it also provides free forex signals with quick responding customer service members.

You should experiment with FP Markets. Everything is incredibly simple, the interface is current, and they also have a fantastic forex affiliate scheme. This, in my opinion, is the ideal platform for both novices and pros.

I currently trade with an old forex broker known as FP Markets, they have been in the forex business since 2005 with regulations from ASIC & CYSEC. It has been over a year trading with them, and so far I have never come across any issues, the spreads are stable even when the market conditions are volatile.

Scalping is a simple strategy that allows traders to open and close trades quickly, and it is also a quick way to profit. Still, you must exercise caution when scalping because predicting its direction can be difficult.

Leverage can be effective if traded with a good strategy, but it is also risky if traded with higher leverage since it can lead to higher loss or profit.

I trade using their raw ECN account with spreads being consistent and no issues like spreads widening, the commission cost per round lot is $6, which is lower when compared to most scalping brokers.

I suggest trading with either ICM or FP Markets if you are still looking for a broker. The minimum opening balance is $200 AUD in ICM and $100 AUD in FP Markets, both regualted by ASIC and CYSEC.

Yes, quick profits are possible, and the most popular method used by traders is scalping, which allows you to earn profits in minutes; however, it is not easy because the risk involved is quite high, as many traders have blown their accounts in scalping without proper forex knowledge and skill.

For lower spreads, there are several good brokers. CMC Markets, Avatrade, Etoro, and FP Markets do provide spreads averaging at 0 pips with currency pairs like EURUSD, GBPUSD, JPYUSD, etc.

Since I scalp, I prefer a broker with tight spreads and faster execution speed. After trading with multiple brokers, I found FP Markets. Their spreads are competitive, averaging at 0 pips, especially when trading with EURUSD, and the execution speed is also faster compared to other ECN brokers.

Which is the best risk management strategy to trade with lower risks and capital in it?

Should a beginner trader trade long term? Are there any benefits and an advantage for newbie traders?

Most traders prefer trading with the MT4 than any other platform because of its simple functionality, and it is pretty easy to understand.

I trade with FP Markets as the minimum spread for trading EUR/USD is 0.0 pips which is relatively low compared to the average EUR/USD spread of 0.70 pips.

I suggest FP markets because they do not offer any bonus offers, with ASIC and CYSEC regulations. Their trading conditions are some of the best, with tighter spreads as low as 0pips in major and minor currency pairs with lower commission costs.

Though the emotions involved in demo are real, the demo account is as important as the Live. Because the demo shows how a live trade is and how the candles go, it gives you ideas and strategies to come up with.

Beginners that trade using a demo account can acquire knowledge about live forex trading and also help to familiarize with the brokers trading platforms. Experienced traders use demo accounts to check brokers spreads and trading conditions.

I recommend FP Markets since it's been over 15 years in the forex markets with a good reputation. I decided to trade with them because of their lowest spreads and commission costs. They have multiple tradable instruments, and their trading conditions are some of the best.

Trading with an ecn account broker is good because they have tighter spreads, and brokers like FP Markets or CMC have proper regulations that adhere to appropriate capital requirements.

Forex live trading experience is important because trading only in demo cannot help you grow or build new skills. Forex trading is about constantly changing patterns of your trade. A trader with live experience will know when to trade, which time frame is the best and what strategy to use; the trade will also know how to manage the losses due to previous live trading loss experiences.

I personally recommend trading with FP Markets because I'm surprised by their spreads beginning at 0.0pips and also stable even during highly volatile market movements.