Search results

fp markets and etoro. These two are my personal top picks

What is your go-to currency pair? Which are the ones that you personally rely on?

I am currently looking for a broker to start live trading and would like a few recommendations on a suitable broker for a beginner trader. I prefer a broker that with good customer service that can help me during the initial stages of the set up with a minimum opening balance of $100 and...

I'm looking for good strategies since I'm a beginner practicing using a demo account? A strategy with lower deposits and losses?

In general, no currency pair can be categorized as best. Each has benefits and flaws. Trading in currency pairs that are majorly liquid and volatile like EURUSD, NZDUSD, GBPEUR, etc.., proves profitable in the long run.

The forex market is very liquid, and trading in a liquid market is beneficial as market prices of currencies remain stable without many fluctuations. Liquidity arises mainly due to market volatility.

The EURUSD is a good pair to start off since many beginner traders prefer it and volatile. Other pairs that are associated with USD like NOKUSD, CADUSD, etc.. are also profitable since USD occupies 75% of the market and is one of the emerging countries.

The forex market is vast enough and includes numerous forms of the trade like future currency, currency options, currency ETFs. Regulated brokers in the forex market assist in acquiring knowledge on forex from online courses and video clips.

The profitable currency pairs in the forex market include EURUSD, USDJPY, NZDUSD, which are the major currency pairs to trade in liquidity market environment with the assistance of regulated brokers regulated by ASIC.

Being a new trader in the forex market, I suggest trading with a small amount with leverage of 30: 1 along with average spreads of 0.1 pips that offer better scalping with the assistance of regulated brokers.

Trading in a liquidity forex market environment with major currencies pairs like USDEUR, NZDUSD, JPYEUR or cross currency pairs that doesn't include USD will provide better and safe returns with small amount of investment.

The most common tips given by many traders for beginners entering into forex are to trade with lower capital and avoid trading with greed.

I would recommend FP Markets as they offer stable spreads even during high volatile market movements with minimal commission costs.