I noticed that one of my broker hotforex has bitcoin as asset trading against USD and EUR as well, if it is that much profitable i will start it from next monday and see how it goes.
It is better to open a demo account with the broker of your choice and trade it for some time and once you decide to go live then it is recommended to start with small amount just to ensure whether they process profit withdrawals or not.
Forex bring unlimited huge returns on investment if it done consistently which not only helps us growing our asset and to live a luxury dream life but it also demands working with the right skills required to earn money from forex trading.
These new traders should trade for at least more than six months before investing in real accounts. Once they open real account it is suggested to start with small amounts to check the processes like withdrawals etc.
Not sure how those traders survive who never uses stop loss because it helps us in cutting our losses, i do recommend using stop loss so when we make money we may win more and when it comes to loosing money we still have the option to cut our losses before blowing up our entire account.
Demo account trading is in fact the biggest asset for any successful trader in my opinion and we need to stick with demo besides our real trading as it allow us to back test any strategy before implementing them to live account.
Better to check reviews sites like forex peace army to get actual traders insights for any broker, more over they also have a scam alert folder which really helpful for watch outs.
There are a lot many learning stuff available online which is usually free of any cost and is meant for trader awareness, i also suggest taking time to learn from the hotforex free webinars which are really very good.
Yes and you will also loose money if you are really unable to monitor these robots during the high volatile markets because most of them are already coded to follow technical analysis.
I prefer trading major pairs and most of them EURUSD is my favorite because it allows enough liquidity to make some good returns on average than any other pair/commodity.
New traders should only scalp when they get good hands on scalping otherwise it is really much risky and the chances are that they can easily blow up their accounts.
Bonuses can be good if they are utilized effectively however we need to use them after reading to their terms and conditions properly because they are always associated with certain terms, means they could be tricky too.
I usually trade EURUSD but i also keep my eyes on gold but it is most of the times bearish and those who wishes to make money can still have the option by selling it short.
Demo trading is good enough to test any broker before investing money with them because more or less these accounts are very similar to the real accounts offered by the broker.