Hi Everyone, I am switching to forex

Hi Guys, I am Lewis and currently I am switching from crypto to forex trading so I am just looking for the advice what you guys will advise me in the forex like any tips from your side and also please let me know which platform will be the best in europe for forex

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Welcome to Babypips, Lewis. Switching from crypto to anything sounds like a good move to me. :slight_smile:

I think you might mean “broker,” when you say “platform”? (2 very different things!).

UK regulation by the FCA is the very best (for customers) and you don’t need to be either British or UK-resident for your account to be protected by both the government-backed funds-security guarantee and the financial ombudsman service, both free if you ever need them.

But any broker that’s regulated by a proper EU regulator should be OK. That’s the one thing that matters far more than everything else added together.

It’s where your account is regulated that matters, not just “where the broker’s regulated”.

Cyprus, Malta and Bulgaria regulation isn’t quite as good (for customers) as any other EU regulator, and some experienced forex traders do carefully avoid those countries’ regulators when opening a new account.

i like Oanda, but unlike all the information above, that’s personal opinion only. Everyone has one and thinks theirs is best!

Good luck!

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Welcome Lewis! :blush: Hmmm. :thinking: I think forex and crypto have a lot of similarities so I hope the transition won’t be that hard for you. :pray: It’s been a while since I really dabbled into crypto so I’m not sure if I’m in the right position to give any advice though. :sweat_smile: Good luck with your forex trading journeeey! :smiley:

I think you chose a wrong time to join forex! I personally am doing most of my trading on crypto, I think the movements are better idk how to explain.

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Hey Lewis, welcome to the world of forex! It’s awesome that you’re making the switch from crypto—forex can offer a bit more structure and predictability. One tip: pay attention to economic news, like interest rates and job reports, because they really move the market. Also, don’t stress about catching every move—start with one or two currency pairs and get a feel for how they behave. As for platforms in Europe, just make sure the broker is regulated by something like the FCA or CySEC so you’re trading with peace of mind. Take your time, enjoy the process, and you’ll find your rhythm soon enough!

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Did you leave crypto completely?

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Yes the transition is not going to be super hard for me but you know in crypto I like high returns so I was thinking if forex have same kind of profits.

Nope bro, Crypto is my fav and I made good amount of money through ido and future but currently my main motive to join forex because I want to just diversify my risk.

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Have you checked futures? I believe it’s way easier, but hey, that’s just my opinion

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Not just yours! Many people trading for a living share that opinion. They don’t want to pay spreads for ever, want to combine high leverage and effective pro-client regulation, and want an honest market where all the brokers have the same prices at the same times. Among many others reasons! :grinning:

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I agree, with everything you said. I started trading FX ( back in 2016 circa - CFD in the UK ), now trading futures. Never going back.

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It does seem to be one way traffic, from what everyone says? People who become successful with forex switch to futures, but nobody switches back?

Its all about knowing where the markets are doing so if we know what we are doing, means we know about trading and making money out of it, then we can trade any asset class with confidence and make money on every single trades.

No losers at all?! Good luck with that!! :yum:

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I can say for sure that you have not even traded on a demo account! you have absolutely 0 information about trading! please avoid commenting such funny jokes, some may take it serious and this can harm them.