Recent content by hardyjo

Lack of education is of the biggest mistake a new trader can make. Have you seen how new traders jump into the trades and either end up loosing all money, or stop trading for good. It's only because they lack knowledge. It isnt so hard to learn with everything available in the internet today...

I prefer MT4 because it has more tools that are suitable for beginner traders and for currency trading.

Even I suggest starting off with a demo account so that there is no money at risk, and it can help to develop and learn about forex and its markets.

The best pair that most traders would agree that is suitable for beginners is EURUSD. Not only because it is the most famous pair, but also because of its lower volatility when compared to other currency pairs.

As per my trading experience, the EURUSD is the safest pair to trade because of its lower liquidity and there are higher chances of profit making with a good broker and strategy.

I have dealt with several brokers in the past, and FP Markets has been a right choice so far because the spreads average at 0.0pips in major pairs like EURUSD, GBPUSD for most parts of the day. Their commission cost is lower as well when compared to any similar brokers.

My way of trading is a bit different, I'm a sentimental, technical and fundamental trader. The sentiment and fundamentals are for direction and the technical is for timing.

I was trading with ICMarkets previously and had faced issues multiple times where their servers would freeze during events and was a nightmare for withdrawing. Their support was pathetic as well, always in queue for a long time with no proper responses.I decided to move my account to FP Markets...

o Youtube just has a clear explanation and watching it gives clarity as well.

Not in FP Markets, the spreads and the commission are lower.

Yes, for scalping i use FP Markets and its good to always use lower spreads so that it minimizes the risk in it.

IC at the initial stage gave good spreads and execution but later it just became a disaster i suffered with it and then moved to a different broker.

Yes it is important, a regulation shows that the broker can be trust and its safe. I use FP Markets, they are ASIC regulated and have won several awards as the best broker. Been active for 10 years and still hold a good reputation. The spreads are low as 0 pips, commission and slippage is...

If you saw they review then you would have already got a picture of their reputation, yes it's a reliable broker. Active for more than 10 years, they do provide free VPS but a minimum requirement is required and if maintained that requirement you would be provided with continues Free VPS.

Pepperstone are okay brokers, slow in everything, slippage are high, slow execution. That's why i moved to FP Markets, faster execution and low slippage and spreads.:cautious: