Hi I’m Tess and I’m new to forex I’ve dabbled in stocks a little but I’m very interested in forex. I started testing the waters on a different platform with trying to learn while using a dummy account, but when I found this learning platform I realized I liked it way better and I’m here to stay Guys
Welcome. best luck.
I think that it is also confusing to use several indicators at one chart in technical analysis.
A trader ought to pick a regulated and reliable broker for security of funds. Broker is the most basic thing in online forex trading. There are a piece of trap brokers. To stay safe we need to pick a solid broker that gives 100% security of your money.
Care to elaborate more?
I’ve traded stocks on Robinhood and Fidelity and made some good money on both I got a chance to get in on the Game Stop frenzy once I got the hang of stock trading I wanted to get back into forex I was interested in forex trading first but got side tracked by stock trading so now I want to get back into learning about forex
All agreed but how does one go about finding a reliable broker when there are hundreds in the market to choose from?
Ok now there are a few pointers you need to look into, majority of which have already been mentioned here. I’d still focus on one aspect and that’s to check on the margin call requirements before you select one. Since a broker has the right to issue a margin call when the balance in our account’s insufficient, the rules within the brokers vary. There would be few who’d right away close your deal or ask you to increase your margin.
Welcome bud!
That’s what many noobs face initially. Few brokers would shut down overnight, or refuse to pay your withdrawals, leaving the traders nowhere to go.
That’s why looking for a broker that is well established is very important, like turnkey forex, instaforex, and xm. Even though that’s no guarantee of a good business, it does provide reliability to an extent. I just can’t trust the new ones mushrooming everyday.