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Louren
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Posts by
Louren
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Time Management
in
New Traders
Feb 27, 2023 at 08:30
Remember the chart patterns, how prices move throughout the day, and the reasons that correspond with price fluctuations. Learning about companies you don't intend to trade or bigger economic developments that have no bearing on your main stocks will require time you don't have.
Broker Suggestion
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New Traders
Dec 09, 2022 at 10:24
From my experience with the brokers, I suggest FP Markets, It has been regulated since 2005 and its a trusted global CFD and Forex broker.I prefer them because of the tight spreads and quick responding customer support team.
Ctrader to MT4
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General
Dec 09, 2022 at 10:12
I prefer the MT4 because I scalp trade with FP Markets using currency pairs such as EURUSD and GBPUSD with lower spreads of 0.1–0.3 pips.
Demo can not make you well experienced
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General
Nov 28, 2022 at 13:04
Demos can help beginners understand the basis of trading and the technicalities of platforms.Trading in real time with a small capital and real risk can only make a trader more experienced.
New broker
in
New Traders
Nov 28, 2022 at 12:52
You can try CMC or FP markets they are good regulated brokers with spreads averaging around 0.1-0.3 pips for most parts of the day.
Best currency pair for trading
in
New Traders
Nov 08, 2022 at 13:09
I agree that EURUSD is a much more volatile pair than any other I've traded, but with the right broker, you can make a consistent profit with this currency pair.
Broker Suggestion
in
New Traders
Nov 08, 2022 at 13:05
My personal suggestion is FP Markets because I have been trading with them for a year, their ECN spreads are really tight (averages 0.0 pips in EURUSD), and the commission per lot is also lower when compared with other similar ECN brokers.
Forex Broker Recommendations?
in
New Traders
Oct 10, 2022 at 09:07
My recommendation is FP Markets. They are regulated by ASIC and have been in business for over 15 years. They also have CYSEC and an offshore licence (for people who worry about leverage restrictions in the future) I've been trading with them for over a year now, their trading conditions & customer support have been great.
MT4 or MT5
in
General
Oct 10, 2022 at 09:07
Both have their own advantages. The MT4 is mostly used by currency traders due to its simple user interface, and the MT5 is used for multi-purpose trading like stocks, commodities, and currency trading, since the MT4 can only be used for currency trading.
Best Broker for a Newbie
in
New Traders
Sep 15, 2022 at 10:03
For newcomers, it is preferable to choose a broker that is regulated and provides a free demo account that does not expire soon, as well as proper customer service, because in the beginning, beginners will require assistance from customer service to resolve certain queries. I suggest my broker, FP Markets, because they have an excellent customer service team and their demo account expires only when not used for a certain period.
Looking for the best brother
in
General
Sep 15, 2022 at 09:59
I do agree with Daniel993 that it is better to trade with a higher entity broker regulated by ASIC or FCA such as ICM or FP Markets.They are also one of the oldest brokers active for over 12 years in the forex business, commission costs and spreads are competitive with other similar ecn brokers.
New traders love scalping
in
General
Aug 29, 2022 at 11:24
New traders prefer scalping because it is one of the quickest methods to earn a profit in a short time frame, such as 1 minute to 15 minutes.
Looking for reliable ECN brokers...
in
General
Aug 29, 2022 at 11:22
If you are still looking for an reliable ECN broker I suggest trading with FP markets using their raw ECN pricing account that provides a spreads of 0.1 pips in most major currency pairs.They have a minimum opening balance of $100 AUD with a commission cost of $6 per round lot and the customer service is prompt in answering most of the clients' queries.
Is FP Markets suitable for scalping ?
in
General
Aug 16, 2022 at 11:32
I currently scalp using FP Markets ECN account, the spreads are tighter starting from 0.0 pips in most major pairs, especially in EURUSD. The spreads are stable even during volatile market conditions. The commission cost per round lot is only $6 with an execution speed of 80 ms, which is faster than my previous brokers.
Leverage is useful or not ?
in
General
Aug 16, 2022 at 11:32
Levearage can be useful for traders who want to trade with more capital but lack the funds.There is risk in using leverage, but it also depends on the leverage size, whether it is higher or lower.
long-term trading
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General
Aug 01, 2022 at 11:16
Is it safe to trade long term with a small account? What diversifies well for long term trading success?
0 spread low commission broker.
in
Experienced Traders
Jul 21, 2022 at 15:22
For lower spreads and commission costs, I recommend trading with FP Markets because it offers lower commission costs than other ECN brokers and when trading with EURUSD or other major pairs, the spreads start from 0.0pips with an execution speed of 80ms.
scalping easy ?
in
New Traders
Jul 21, 2022 at 15:22
No, scalping is not easy because I have been scalping for four months using lower leverage and it takes a lot of time to understand and predict the currency market.
EUR/USD
in
Experienced Traders
Jul 15, 2022 at 14:13
The EURUSD is expected to decline with a 1.0189 minor resistance intact as the EURUSD continues to lose downside momentum as seen in the 4 hour MACD.
Which broker is better
in
New Traders
Jul 15, 2022 at 14:13
I prefer FP Markets over any broker because their trading conditions are robust. I use their raw standard account with spreads of 1.0 pips and zero commission per lot.
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