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Forex trading is hard, especially for new traders. The new trader often makes a lot of mistakes and lose whole caving in trading. So, I recommend new traders to start trading demo account first. The demo account offers risk-free trading. Traer can trade with virtual money interacting with live price action. Almost all broker including Eurotrader offers a free demo account.

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Education is must for forex trading. without any knowledge it is very risky to invest in forex market. besides traders have faced a lot obstacles during trade. trader can get education by opening a demo account, where he can trade without any risk. I am also using a demo account of TP Global FX to know about the forex market. It helps me to gain knowledge about forex.
 

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Scalping is a profitable short term strategy but it has risk also. Most traders do not get success in scalping. Scalping tends us to do more trading. As a result it creates undisciplined traders. After getting skilled you can do scalping. For scalping you need a good broker like Eurotrader that provides low spreads and instant trade execution. It also gives very low spreads as low as zero pip and up to 500:1 leverage which is good for scalping.

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Professionals traders do not gamble in trading. Before start trading, pro trader always does their analysis and try to choose the currency pair with the most specific conditions. As for me I prefer major currency pair. I am trading with Forex4you which is a regulated broker. They give me low and tight spreads in major pair. That’s why I love trade in major pair.
 

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Choosing a good broker is not an easy task in this market. There are so many scam or fake brokers in the forex market. If you are new in this market, you should choose that kind of broker who can teach you all the basics of forex like low spreads, high leverage and many more things. I am trading with Tpglobalfx. I choose them because they give me low spreads which is 0.01 pips. Their leverage is higher than many other brokers in the market. You can also try their demo account to know about their trading style. They have 56 pairs of FX. Overall, I like them for their all facilities and easy trading method.

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New traders should first choose a broker who has honesty and trust in the broker. Brokers that are discussed by many traders should be considered. Brokers help a trader to gain real trading experience starting from demos. In this case, I support the brokers of Eurotrader who help me in all areas. Every beginner trader should keep this in mind.

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choosing a broker must be able to pay attention properly, this is needed and necessary so that traders can be better and can be maximized in carrying out trading activities in accordance with expectations with Tickmill.

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  • 3 months later...
On 1/12/2021 at 9:37 AM, maspluto said:

choosing a broker must be able to pay attention properly, this is needed and necessary so that traders can be better and can be maximized in carrying out trading activities in accordance with expectations with Tickmill.

We need to do our trading with an ECN Forex broker like FXOpen Global 🙂

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Everyone wants to be a good trader. But it is not easy to become a good trader. If you want to be a good trader, first of all you should know all the format, theories and structure of forex market. Without any knowledge your investment will be a loss project.

To make profit in forex market by investing money you should follow some basic steps. Gathering knowledge, selecting a good broker and wisely make decision is the main elements of successful trading. I always take decision very carefully while i am going to trade in forex market. In taking my decision Forex4you helps me very much. they are helping me to become a successful trader in forex market.
 

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I am agree with you. Forex is very hard and most of the new traders lose their money because of they lack in knowledge and skills. They can increase their trading skills with practicing over demo account and demo account can be helpful to become professional trader later.

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I agree, learning as much as possible is very important in forex - otherwise there is nothing that can protect you from suffering big losses. Luckily there are many free sources available nowadays such as e-books, online courses and YouTube videos.

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On 4/17/2021 at 3:05 PM, Dora Wi said:

I agree, learning as much as possible is very important in forex - otherwise there is nothing that can protect you from suffering big losses. Luckily there are many free sources available nowadays such as e-books, online courses and YouTube videos.

We will need to avoid getting losses into our Trading accounts so that our income is good.

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