Demo accounts are always valuable either if they are used to test any brokers processes or test any strategy before implementing on live account or learning how to trade forex trading.
There are no tips when it comes to the slippage in my opinion, we have to execute the trades keeping these factors in mind so we can create our limit orders keeping the slippage in mind.
Agreed with the details that we need to focus on high quality setups and should not go for quantity in my opinion. One better quality setup can be good for the entire week to be honest.
Either trade forex or crypto, i see this broker have both of the options available however it is up to the traders how they make both of these products works for them so if we know how to make money we can do better on both of the platforms.
In my opinion, brokers like hfm, octa etc offers copy trading services however it is better to do some thorough research before choosing the right broker for copy trading.
In my opinion, the demo accounts are the best way to practice taking trades and learning how to make money without investing a dime with the broker in the start. These demo comes with free virtual funds and real time trade simulation so we can learn how to participate in the market without...
With a trading volume of trillion dollars if we can understand how to take our share out of this huge volume we can make a lot of money from this industry. However, learning the processes and implementing them properly is the key.
In my opinion, the slippage might occur with any broker since market volatility is the main factor so we have to factor in spreads and slippage while executing our trades.
In my opinion, the brokers in forex trading like hfm etc can be the one who provide us with the technology needed to initiate trading in the marketplace.
Those who never get serious with trading a demo account in start will eventually lose money in the long term since they are not aware of the market conditions and a demo account which comes up with free virtual funds can be helpful to trade and learn from our mistakes without losing any real...
Stop loss can be helpful in reducing the losses before they can blow up the entire account because bad day can occur even in the life of a professional trader.
It is always better to wait for the news release and once everything is settled we can go and hunt for anything which is profitable otherwise the news release can create high volatility in the market sometimes moving in opposite direction too.
If we talked specifically about the forex traders, then i guess Japenese and traders from the UK contribute more in forex trading than any other country in my opinion.
Broker selection is always hard to suggest since there are many brokers in the market to choose while we never know whom we can trust. I think we need to shortlist brokers like hfm, octa, xm, exness, lmfx etc which have at least some good repute in the market. Rest, we need to do some of our own...
Just need to focus on learning using a demo account which is similar to the market conditions and comes with free virtual funds so we can develop our trading skills more easily than any other method.
Most of the brokers like hfm etc have mt4 since it is most famous trading platform and is easy to use. I also have seen mt5 being launched in the market however i am still using the previous version.