Ralph

As a beginner, should I prefer using low leverage to gain more experience and learn about profit and loss or go with higher and face risk so that I learn to handle high-value trades?

There are several forex strategies, and if used right, a trader can make a consistent profit in it. I trade using the inside bar strategy, which is not that complicated and mostly used by beginners.

For me the best condition for scalping is choosing an reliable broker FP Markets that has tight spreads in major currencies like EURUSD with good execution speed.

I currently trade with GBPUSD currency pair and would like to know if there a reliable strategy to trade using this pair that involves lower risk and capital losses?

I'm trading with FP Markets, a reliable broker. They are regulated by ASIC, cysec and also have an offshore licence with St.veincent, and they adhere to strict capital requirements. They also provide free VPS to their clients if they maintain a certain number of lots in a month

I prefer trading with MT4 because it is simple to trade in a real account. Even though MT5 is the updated version, many traders prefer trading with MT4 because it also has a mobile version.

I prefer scalping than any other trading method because it is a quick way to earn cash, and with a good strategy and skills, it becomes easier to trade. I currently scalp with an ASIC broker FP Markets because in scalping, the main criteria are tight spreads, lower commission and fast execution speed, and FP Markets are perfect for it.

From my trading experience with multiple brokers, I recommend FP Markets it a good and reliable broker to trade live. Slippage is lower, and spreads are stable for most trades. It is regulated by ASIC and holds an offshore license with St.vincent; they are reliable and adhere to strict capital requirements and trades.

How long should a person trading using a small account? Trading using a larger capital has higher risk for a traders that has been using small account?

Many brokers offer a free demo account. It allows beginners to learn about live market trades and also get familiarized with its platforms software features. Some brokers like FP Markets provide ebooks and video to learn about live trading.

Anyone here with the using a stop loss strategy in long term scalping with average profit?

Which currency pair is currently trending the most in forex? Many traders used to trade with EURUSD. Since the pandemic is EURUSD still trending or is there another trending pair among traders?

Beginners prefer scalping because it is a quick way to earn a profit, and it only takes a few minutes to open and close a trade. Since they are new to live trades, scalping is an opportunity for beginners to use their skills and strategy by taking minimum risks in a live trade.

Since I'm a scalper, low spreads is the main criteria for me and I trade with FP Markets as they have some of the lowest spreads starting from as low as 0.0 pips in major currency pairs like EUR/USD, JPYUSD, etc...

Trading with a regulated broker gives traders the security that the invested capital is safe, and there is no room for manipulation of trades.

In my opinion, forex is not a scam, but some brokers trick traders and lure them into their scam, which is why regulations came in-to eliminating such brokers. An experienced trader has the forex knowledge to differentiate between a scammer and a proper broker. Beginners are the ones that fall into scammers trap.

My reliable broker is FP Markets, active for a decade and its regulated by ASIC so there is no manipulation and they adhere to strict capital requirements. I prefer trading with their Raw ecn account because of tight spreads and their quick responding customer support members.

Looking to move my live account to a different broker, i had a account with XM, the spreads was good initially but recently they have become extremely wide. Anyone trading live suggest a broker with lower spreads, preferably ECN pricing? Main criteria is that it should be stable even during high volatile market conditions.

I would suggest to choose a proper broker before you decide to trade, reading reviews and checking about the broker on Forex Forums like this and Forex Factory will give you some of the information you need. And be aware of scammers on forex sites, some are advertisers using forums to lure in customers.

Anyone trading with FP Markets know if they onboard UK clients to their ASIC license or should we choose only their Cysec Entity. I would prefer under their ASIC license as i want slightly higher leverage ?

Common mistake made in forex is choosing leverages, trading with bad spreads. Biggest mistakes choosing an non regulated broker and trading with high capital.

I'm a beginner and currently using FP Markets Demo account to learn trading before i go live. From what i have experienced earning in demo is easy its just a practicing tool.