I’m using few brokers. Reasons, brokers is also fragile. I split my risk by differentiate between them.
My primary brokers are:
IC Markets
Pepperstone
Go Markets
FP Markets
Exness +
Vantage Markets +
XM
Saxobank
Dukascopy
Multibank
CMC Markets
( I’m not advertising them and have no relation by any chance. But if they give me commission I will be happy to get some for a cup of coffee )
I have also been using others broker for experimental, meaning I am not convinced yet to run a real account with them. The above, I had personally visited their office or good contact / process with them. I have been monitoring their price quality for years.
Hi @menaagina, medal means broker quality. very good experience, price good, low spread, price good, execution good, regulation good, staff serve you like a king. Your bad day will turn to a happy day
means the broker good, but their price, leverage, spread are quite “fat”, slippage is happened occasionally but normal . Since they are well regulation, the weaknesses can be ignored. Their staffs are also professional.
Two means the broker almost can be considered a . But their price can’t compete yet. Some of them lack of 1st tier regulator. But their staffs are superb, never let me down. Met some of them, and yes … friendly, handsome and beautiful
As a forex trader, there are several common challenges that many of us face. One of the biggest is managing emotions, especially during periods of volatility or when trades aren’t going as planned. Emotionally driven decisions can lead to impulsive trading, which can be detrimental.
Another challenge is staying disciplined with our trading strategies and risk management rules. It’s easy to get caught up in the excitement of potential gains or losses, but sticking to a well-defined plan is crucial for long-term success.
Market analysis and staying updated with economic indicators and geopolitical events also pose challenges. The forex market is influenced by a wide range of factors, and interpreting their impact on currency pairs requires continuous learning and adaptation.
Lastly, overcoming losses and maintaining a positive mindset can be tough. Every trader faces setbacks, but learning from mistakes and staying resilient is key to improving and growing as a trader.
What challenges have you found most significant in your forex trading journey?
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