Recent content by Bennington

I agree with most of the posts that the MT4 is a better trading platform for most brokers because it is easier to use and has a lot of EA when compared to the MT5.

You have better anonymity while trading with a real ECN broker than with other brokers. This indicates that you may profit from the market's current circumstances. ECN brokers also provide quick execution times and small spreads, which can increase your earnings.

MT5 is quicker and more efficient than MT4, but it does not replace the prior platform because it is unique and provides more than MT4. MT5 allows you to trade more instruments in nearly all financial markets, such as FX, equities, indices, commodities, and even cryptocurrencies.

I mostly trade with EURUSD currency pairs, so the best time I choose is during the London or New York times with a 15-minute time frame.

My favorite currency pair is EURUSD, primarily because it is highly liquid and low volatility in comparison to most currency pairs, and EURUSD spreads at my broker, FP Markets, average around 0.1 pips.

Is price action strategy better compared to scalping? What is the risk involved in it, and which currency pair is suitable?

For newbies, I suggest trading manually instead of EA because newbies need to learn about the forex market and also build various strategies and skills to make consistent profits.

There are several good brokers out there, and out of the brokers, I find FP Markets and ICM since they offer some of the lowest commission costs with competitive spreads.

Looking for a reliable broker to trade that has a minimum opening balance of $100 and micro-lot accounts?

What are the common trading mistakes which every beginner should avoid?

If you are looking for high leverage broker, I suggest trading with FP Markets. I mostly do not trade with a high leverage broker because of withdrawal issues. But I have not faced any withdrawal issues with this broker so far, and I trade using their maximum leverage, which is up to 500:1.

The fastest pairs in forex, in my opinion, have always been EURUSD and the slowest CAD/CHF, EUR/CHF, AUD/CHF have been the less volatile Forex pairs among the cross rates.

I recommend the pin bar strategy. Its is easy to use, and it has a very obvious pattern that makes it easy to identify on a chart.

I'll go with lennyshort and Liv on this broker (FP Markets), Because I too use it, and I must say I dint expect an ecn pricing broker to offer lower commissions per lot and slippage

My advice to traders is to never trust a new broker that has entered the forex market, even if it's regulated. It's better to give it a few months, read reviews and check ratings about it because there are many new brokers, and most of them have scammed many traders.