Recent content by Alexhunter

Spreads as low as 0.0 points are available in both zero and raw spread accounts, although the trading commission charged when opening orders differs. It starts at USD 0.2/lot per side for zero accounts and goes up to USD 3.5/lot per side for raw spread accounts.

In four distinct time zones throughout the world, the foreign exchange market is open during regular business hours. When the U.S. and London markets overlap, trading activity is at its peak and trading opportunities are at their finest (8 a.m. to noon EST).

Trading with EAs can result in financial losses if you do not understand the strategies on which they are based. So I recommend that a new trader trade manually to understand the live market. It is extremely risky and can result in significant losses.

Most traders know that the EURUSD is the best pair to trade and also the most stable currency. It is one of the most traded currency pairs due to tight spreads and liquidity.

In my opinion, the suitable forex pairs for beginners should be major pairs such as EURUSD or GBPUSD since their liquidity is lower with heavy volumes.

What is the current best strategy used by most experienced traders for scalping with a time frame of 15min or more?

I suggest using the Pinbar strategy for beginners in forex because you do not need to use any indicators or tools, and it works on any time frame for any forex currency pair.

The best platform would be the MT4 or the MT5 because traders most often use them because of their simple trading software, which is easier to understand and trade forex.

I prefer using manual trading over an EA because an EA requires a higher balance, and with manual trading, consistent profit is possible with various money and risk management skills.

I've been using the pin bar strategy but looking for other reliable strategies suitable for beginners; any recommendations?

I can understand what you have been through; even I had lost in many trades due to bad brokers. After burning several accounts, I finally found my broker (FP Markets). They have a robust trading condition with tight spreads and faster execution speed suitable for my scalping strategy.

I trade with a simple strategy known as Moving Average crossover. The strategy takes place when a price crosses over or drops down a moving average signalling a potential change in trend.

I'm a scalper, and I prefer trading with tight spreads and fast execution broker. After burning several accounts, I currently stick to FP Markets since they meet my suitable criteria.

If your a beginner stick with one to understand more about live trades and later you can have three open because that is the average number of trades open by most traders.

I traded with both FP Markets and IC Markets. They both offer similar spreads, but the commission cost and execution speed are better in FP Markets. The main reason I quit ICM was because of their bad customer service whereas FP Markets customer service are prompt in replying to emails and live...