A demo account is supposed to give you the experience of trading for real it is however slightly different because when you lose then you are not losing actual money.
Just like Islamic banking, it is a turn of the interest rate of overnight open positions or over weekend positions. The only difference is they charge a fee instead of a %, which is pretty much almost the same amount.
Candlestick chart is a type of chart reading method that conveys a lot of information regarding market sentiment, trend continuation, and trend reversals.
It is recommended to start with just one currency pair and the best one for beginners is EUR/USD as it has the smallest spread and there is a lot of information and analysis available on these currencies to make sound predictions on their value.
I truly believe that there are a number of things that you have to take care of when choosing a broker. They are broker’s regulation, data security, trade execution speed, trading costs and trading platforms, quality of customer service.
Be careful when looking for bonuses in the trading world. When a bonus is offered, we tend to make bad choices in the market. Bonus offers are marketing and nothing else.
ECN stands for electronic communications network and STP stands for straight-through processing. ECN brokers execute by matching client orders and STP brokers execute bypassing client orders directly to an external liquidity provider