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ThomasFernandez

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Everything posted by ThomasFernandez

  1. I consider FP Markets mainly for its spreads which averages around 0.1-0.3 pips for most parts of the day and the execution speed is faster at 28ms.
  2. It is okay to try different brokers because it helps find a suitable broker. I used to burn several of my accounts, and now I stick with CMC and FP Markets. These two provide some of the best trading conditions with tight spreads and reliable customer service.
  3. Scalping is a basic approach that allows traders to initiate and finish transactions quickly, as well as profit swiftly. But it also comes with a lot of risk, and using a suitable broker is very important. Brokers such as Skilling and FP Markets are better, in my opinion.
  4. You should understand that trading is a long-term endeavour and that you will not become wealthy overnight. Also, it is important to choose the broker you choose to trade with. Using an older broker like FP Markets that has been in the market for over a decade is good since the invested money is safe because they also have regulation from government bodies such as ASIC.
  5. You can attempt robots if you still have some expertise. Their study is quite simple to grasp; simply read their trend, which is increasing. You just gamble on the growth.
  6. Not all brokers provide swap-free accounts. Such accounts were designed for brokers who strive to entice clients who have a religious aversion to swaps. For example, the broker I trade with, FP Markets, does provide free swap accounts for Islamic clients.
  7. I encourage you to trade with FP Markets. It is an ASIC-regulated broker with over 15 years of experience in the forex industry. As compared to other ECN brokers, the commission and spreads are also minimal, with spreads averaging 0.1 to 0.4 pips.
  8. I trade with major currency pairs like EURUSD, JPYUSD, GBPUSD, and others using FP Markets, and as per my knowledge, they have a total of 63 forex pairs that traders can use.
  9. There are several brokers that provide good trading conditions for traders. I trade with FP Markets, an ASIC-regulated broker that is suitable for scalping because of its tight spreads, which start at 0.1 pips in other major pairs and 0.0 pips in EURUSD.
  10. Although MT4 offers four different types of pending orders, MT5 adds two more. They enable conditional orders to have constraints imposed on them. You now have more control over stop-loss orders. MT5 has 21 different timeframes, compared to MT4's 9 timeframes.
  11. A seasoned broker is my preferred choice because they are far more dependable and having been in the forex business for a long time also makes them reliable. I use FP Markets for this purpose because it is one of the oldest brokers, having been active for over 15 years, with good reviews from other traders and robust trading conditions.
  12. Yes, I agree that keeping track of your trading activity is beneficial and aids in identifying previous errors. I trade with FP Markets, which provides me with a journal in case I need to check my activities in the future; I recommend that other traders do the same, as all brokers provide it, so that you can make changes to your strategies and avoid making the same mistake.
  13. It's mostly the experience gained from using a demo account and also the demo account can help traders familiarize with the brokers platforms.
  14. Even I trade with FP Markets mainly for its lower spreads, especially in EURUSD where is drops to 0.0 pips for most parts of the day and the commission cost is lower at $3 per lot which is lower when compared to other similar ecn brokers.
  15. I recommend trading with FP Markets because it is an older broker that has been active since 2005 with regulation from govt entities such as ASIC, and they adhere to strict capital requirements.
  16. EA can be a better way of trading, but it also depends on the traders' skill and experience.
  17. I've been a scalper for almost a year, and I've tried ICM, Pepperstone, and FXM in the past. I've been trading with FP Markets for about two months. The spreads and commission costs are lower than with my previous brokers, and the customer service dedicated manager was also helpful in resolving issues.
  18. It is true that manual trading is more flexible than robot trading, but robot trading lacks emotion, does not sway by it as humans do, and executes positions faster.
  19. I recently started trading with FP Markets using their Raw Spreads ECN account, mainly because of their robust trading conditions. They are ASIC regulated and CYSC(EU), so they are pretty compliant and I need not worry about manipulation or safety of my funds, I recommend them if you are still looking for a broker.
  20. An older broker is much more reliable because they have been active for several years and have not been off the forex market for scams or any major issues, which is why many traders use older brokers. For older brokers, I suggest ICM or FP Markets, because ICM has been active since 2007 and FP Markets since 2005, with regulations from ASIC and CYSEC.
  21. Trading on all pairs as a newbie does give exposure to the currency pairs and how each currency pair market works, so newbies can find their suitable pair to trade, and I suggest trading with multiple pairs on a demo account to avoid higher losses.
  22. I do not know about the best forex brokers, but brokers that are regulated and have good trading conditions are suitable for many traders. For example, I trade with an ASIC broker, FP Markets, that has a robust trading condition with average spreads starting at 0.0 pips for most parts of the day and faster execution speed than most ECN brokers.
  23. I do not know about the best forex brokers, but brokers that are regulated and have good trading conditions are suitable for many traders. For example, I trade with an ASIC broker, FP Markets, that has a robust trading condition with average spreads starting at 0.0 pips for most parts of the day and faster execution speed than most ECN brokers.
  24. As a scalper, low spreads is essential for me, which is why I trade with FP Markets, whose spreads start from as low as 0.0pips.
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