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The EURUSD is the best pair for beginners to start off with since it has tight spreads and wide price movements that provide a large number of profitable opportunities.
I trade with the EURUSD because the currency pair is best even for beginner traders to make good profits even with small accounts.
The EURUSD currency pair is highly liquid and low in volatility, which is why many traders prefer using the EURUSD pair.
I personally suggest FP Markets. It's an ASIC regulated broker that offers some of the lowest spreads and commissions. Trading with them for a while now and did not face any major issues like sever freezing.
I'm a scalper trading with FP Markets. The spreads start from as low as 0.0pips in Major pairs like EURUSD, USDJPY, GBPUSD etc... for most parts of the day.
Its been over 3 months since i started trading with FP Markets and the experience has been good.
I'm quite satisfied with them, Since I'm a scalper i recommend checking them out as their spreads and commission are better than the brokers that was suggested.
ICM and FP Markets are ASIC regulated broker, both have been operating for a while now.Based on the reviews, seems FP Markets are more reliable.From my experience as well with their live chat, the customer service reps of ICM were not really helpful and took a lot of time in waiting wheras FP...
I can only comment on IC Markets, they used to be good but their service got horrible in the past year this is why I no longer trust them with my money. Fed up with freezing platform and slow servers. Support takes forever to reply, on live chat you need to wait forever just to find out they...
Even the best traders fall prey to emotions such as fear and greed. There is a tendency amongst novice traders to place a trade when the market is experiencing high volatility and try to generate quick gains, based on gut feel, without a specific trading plan.
One of the best ways to promote...