Recent content by Manometer

Do these copy trading platforms work with all brokers or is there any specific broker I’ll have to create an account with?

Interesting thread here https://www.forexforum.co/threads/most-important-forex-regulatory-bodies.25813/ this one, listed out regulatory bodies and brokers under them

You will find many brokers, but make sure to check their regulations to ensure safety of your trading funds. You can check out this thread to know more about regulated brokers and bodies that regulate them...

Apart from cutting costs and making fast transactions, you must also check if your broker can help you with your trading issues. So, always have a chat or telephonic conversation with the broker’s customer support team.

You can be satisfied with any broker out there. So, don’t believe that the broker that some other trader is using is the best option for you. You have to find the one that fits your trading needs the most.

You will have to see if the broker is a right fit for your trading needs or not. So, when you find a good one as per recommendations, do your own testing to be sure about the security of funds and execution. Using a small account is the best way to test a broker.

You can make money either through investing or trading. If you are looking for big long term gains you can hodl your cryptocurrencies for some years. If you want to make quick gains then you need to know how you can take advantage of the fluctuations in the cryptocurrencies’ prices.

The one tip that I would give is to never underestimate the importance of risk management and managing emotions because they determine the success of your trades.

Yes, I love trading. It is exciting and also I love putting in the hard work and then reaping the rewards. It can be an amazing brain workout as well.

The tips are really important for traders who are looking forward to trading forex profitably. Thanks for sharing them.

Recently a friend of mine who is not even into forex and trading lost some money to a scammer on instagram. It is better to be sceptical and suspicious about everything you see online to stay safe from these scammers.

Go through the forums to get an idea of what other traders have been using. You can also research a bit about different brokers and when you have found a few good ones, you can practice trading with them until you are sure about them.

Well, getting rich with forex trading is not as easy as it sounds. There is a lot of hard work that needs to be put in along with your money to be a decent trader in forex. Getting rich overnight is not a possibility. Continuous learning and efforts to develop your skills can help you grow...

Lack of knowledge. Being too quick to sell currencies. Wrongly predicting the market trends. Over trading and fear of losing money.

The best time to trade forex is whatever time you are most comfortable trading. You should never force yourself to trade if you're not feeling it. However, the overlap of the US and the UK sessions constitutes the time period when more than 50% of the trades occur.