It appears that the average broker is inclined to give advice
that at best will encourage a trader to trade more recklessly
prematurely.
One online article said it is best to ignore brokers trading advice. I
say don’t ignore the advice learn from it.
If brokers can be guarantee to give bad advice, then this could be
a good indication of what not to do in the market.
My approach would be first to ascertain.: Does broker give obviously good advice such as starting with a macro account, enthersize backtesting, point out that 90-95% of forex traders fail. Or Make them aware of good trading book or the famous turtle traders etc.
If the broker gives none of this advice, by good chance of probability its advice isn’t to be trusted. And I would avoid their approach do doing things.
If they recommended day trading for example and at some point I was looking at day trading, I will take into account of the brokers bad advice when weighing the pros or cons.
I haven’t stated trading yet. I haven’t created a system yet
I have yet to create one. I have a lot to learn first .
My approach most likely be using price action combined with a
simple with two slow moving averages. If brokers started recommending
this approach in large numbers. I surely would not use it. but that would
never happen.
I wouldn’t be taking any ‘tips’ from a broker or anybody for that matter. If you don’t manage a system yourself and know how it works and reasoning (i.e. probability is in your favour) for taking taking a trade, it is in my opinion, not a trade you should be taking