So how is your trading experience with this broker, i guess many traders are making good amount of profits through trading and running an IB too. However i am only stick with the trading part as it helps me pay my bills in an easy way.
The US elections are over finally and yes Trump is the next elected president now, let see what improvements we see in the forex market although the market went crazy during elections.
Whenever we make mistake in forex trading we will make a loss as it is a very professional market where the loss of yours can be the gain of others, so trade smartly.
Importance of demo practice can not be ignored and it should be continued even after moving to live accounts and i still trade demo in my free time just to test any strategy or for back testing an EA before making it live on my accounts.
I think that every broker is now offering trading on news as well as scalping however i guess abusive trading is not allowed by any of these. Some brokers also offer zero accounts which i think are suitable for these scalpers.
I better suggest first short listing few reliable and reputed brokers and then trading their demo accounts to compare those brokers in term of the processes offered by them. I think while trading these demo trading we will be able to finalize our broker and here it goes!! GooD Luck!
Idea of taking GF is also good however this is a good idea to invite any fellow trader along with and btw what will you do if you get these two round trip tickets ? :)
Yeah the two round trip business class tickets and i was thinking what should i do for the second ticket coz i am single, should i take any friend of mine with me to accompany this trip?
All of the suggested topics are good i guess however the last one "Trading the news effectively" will be more interesting as it will have more insights to those who really wanted to make money in scalping but are afraid to trade during the news release.
We can test any broker processes by using their demo account as these accounts are mostly same as real trading accounts but the only difference is that demo accounts are funded by virtual money.
You can ask your queries here as I think we can help you with our trading experience with this broker, and you may ask from their customer support as well.
I have noticed some brokers also offer demo trading contests too, don't you think its a good idea to join them trading free demo account for enhancing experience as well as prizes too.
I think these news outcome have strong impacts on the market and many newbie looses during this news release session while other veterans makes good money between the said time. Anyways i was wondering if anyone still taking part in crystal ball contest of this broker LMFX?
Profits in demo account can't be withdrawn however the experience earned through demo trading can be helpful in making profits in real trading accounts.
Its also depends on the traders risk appetite as risks and rewards are associated with each other, however i think those make good returns who trades with a fixed trading plan and does not exceed their limits.