In Fx trading we the traders always observe some mandatory trading tips for ensuring a better trading life. We the traders should choose the proper trading platform which is more appropriate to the concept of trading that will be used, if you love scalping you have to make sure the platform which allows trading concept such as this. By the way as a professional scalper from my first day of trading I have been using LQDFX which always ensures best trading environment for scalping by providing lowest trading spreads from 0 pips. So, for all time I feel comfortable when scalping.
As a scalper there is no alternative way to depend on without lowest trading spreads which is very supportive for scalping in a proper way. that’s why from my first day of trading I have been using TempleFX which is real STP Execution trading platform and for all time permits scalping including lowest trading spreads from 0 pips which is very supportive to make profit with certainly by scalping that brings profit in a short time. so, my trading life is very much comfortable.
I recommend not to stop at one single broker. Yes, you can work with one and it'll be all right. but I recommend to check other brokerage companies on small amounts and you may find more suitable variant for you.
I recommend, trading even pairs like hkg to usd, and others from emerging markets. Since they are not very volatile and allow to obtain returns in the medium term
Good suggestion. Now there are services where you can copy trades so it won't be difficult to maintain multiple accounts. You can trade on a single account and other accounts can copy your trades.
The most important tip for newbies and beginners is that they need to patient and calm in their approach. They should not let greed overcome their decisions. They need to be mentally sound and be prepared for any downfall.
Good suggestion. I would like to add that at first newbies may not be able to put everything together but they should not get discouraged by them. Instead they should learn from them and improve themselves.
USD/JPY rose to an 8-day high of 110.93 a few minutes before press time despite Japan's Aso playing down the need for more stimulus.
The British pound came under pressure on Friday, with GBP/USD falling to a low of 1.2979, before pulling back to 1.3033 in late trade.
USD continues to be under pressure amid the Fed's increasingly dovish tone, while Japan's economic data has yet to show any signs of a reversal. USDCHF has met heavy resistance and seems to be on its way down given price action in the current consolidation phase.
My tip to any youngster would be to think about Forex is a normal business. And if you invest 1000 USD, it’s must to look for 150-200 USD per month instead of directly aiming at doubling it. As by doing such act, it will only lead us to losing and struggle. So we must avoid that at any cost. I will for sure suggest looking at https://www.liberatedstocktrader.com/why-traders-fail-in-online-forex-trading/, as this will really help a lot.
As a newbie trader, I would say you should be focusing on learning the most. I am working with FreshForex, and they are amongst the best there is with having long list of benefits to help one with. I feel very comfortable with their awesome Educational Setup, which helps me go far and get the kind of results I want. And obviously everyone can get their desire destination if there is enough education for it.
