Dora Wi

You are right about this. For this reason, you still need to pay attention and put in some work even if using a robot.

I agree that you need to learn to maintain an emotional distance regarding your trading actions and results. It is normal to feel sad, vengeful or stressed when something doesn't go your way, but you have to learn to not let those things affect your decisions.

I personally approach robots with caution and a little skepticism. Mostly because I believe you should learn to trade manually as well as some basic things about robots - I don't think they are a shortcut for learning, and they might need modification over time as market circumstances change.

Thanks for sharing. It can be difficult to find your way in the strange world of NFT's.

Forward agreements sure have their own advantages. Futures are more available for most people, though, and the concept is similar.

In general I would caution people against binary trading. It is more similar to gambling than to trading, and most companies don't have their clients' interests at heart.

Does anyone know what "diberijan" refers to in the original post?

I can see why the forex market seems more daunting for beginners than the stock market. It is a great challenge, though, and it offers a lot of versatility.

MT4 and MT5 are the most popular ones.

It's good to read multiple recommendations in threads like this. I'd just add, always to your own research.

I'm not sure what the intentions of the OP was with posting this here. Nonetheless, thanks for the heads-up.

I'm not sure why risk-to-reward ratio is conflated with day trading in the original post. As far as I know, it is not designed for one type of trader only. It is a way to analyse your results and control your losses that many traders can take advantage of.

Risk management is something to take seriously, indeed. Many make the mistake of only focusing on their gains, but keeping your losses in check is at least as important as the former.

The very first criterion to consider is definitely the trustworthiness and the regulation of the broker in question. Then you can try a demo account to see if you like their functions and interface.

Have you been with them for long?

The best way to learn to control your emotions is to learn about trading psychology and cognitive biases while also developing your self-awareness and coping mechanisms.

Strategy is important indeed but it is only one aspect of trading. How well you follow that strategy and how you develop your trading over time is very important as well.

Some pairs that tend to move in the opposite direction compared to each other: EUR/USD and USD/CHF GBP/USD and USD/JPY USD/CAD and AUD/USD USD/JPY and AUD/USD GBP/USD and USD/CHF Just be very careful with your risk management - nothing's set in stone, and when you trade several pairs at a time, your risk exposure can be bigger.

I would advise most traders to not go above 1:500, and if you are not experienced, start lower than that.

I agree about regulation and experience, and I also consider good reputation a key criterion when choosing a broker.

Regulation and reliability, as well as a good reputation, are essential criteria when choosing a broker. Losing money to scam or fraud is one of the most devastating things that can happen to a trader. Once these boxes are ticked, you can start looking at which broker satisfies your preferences in terms of services offered, fees and spreads, etc.

I completely agree, the first thing a newcomer should do is start educating themselves on the ins and outs of trading and the features of different markets. Without that knowledge, it is much less likely to be successful.

Using high leverage is definitely risky. High and low leverage both have their own advantages and disadvantages, but generally speaking, it is less risky to stick to low leverage and learn to calculate and manage your risks. Only start using higher leverage if you have enough experience to be able to mitigate your overall risks.

I've heard good things about libertyvps but I don't have personal experience with them.

You have a point, doing your own research is really important - one needs to consider many aspects of a broker and collect as much information as possible before choosing.