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Testing real account without any risk is possible only if you won some promo like HFM's demo contest or took no-deposit bonus from a broker but of course without trading enough lots you won't be able to withdraw. There are not so much opportunities to do that lol

It doesn't make sense to adjust your strategy after every loss of couple of losses but I decided to revise performance and adjust system if needed after every 100 trades.

It’s definitely not a good idea to ignore losses in forex trading. Losses are part of the game, but the key is to learn from them. Each loss can provide valuable insights about your strategy, risk management, or even emotional control. Instead of ignoring them, analyze what went wrong and use...

The best forex leverage for beginners is typically between 1:10 and 1:30. This lower leverage range allows traders to control risk and avoid significant losses, while still benefiting from leveraged trading. High leverage can amplify both gains and losses, so starting with lower leverage helps...

How long have you been trading with those? How'd you rate their trading conditions?

Common forex trading mistakes include overleveraging, which can lead to significant losses if the market moves against you, and failing to implement proper risk management, such as using stop-loss orders. Emotional trading—letting fear or greed drive decisions—often results in poor judgment and...

Many traders fall into the trap of emotional trading, similar to gambling, where they try to recover previous losses by repeating the same mistakes without adjusting their strategy. This behavior, driven by excitement or desperation, can lead to a cycle of continuous losses, much like gambling...

I agree with this comparison. Many traders fall into the trap of emotional trading, similar to gambling, where they try to recover previous losses by repeating the same mistakes without adjusting their strategy. This behavior, driven by excitement or desperation, can lead to a cycle of...

In highly volatile markets, lowering leverage can help reduce risk, while increasing it during more stable periods may allow for greater potential gains. However, it's important to use leverage cautiously, as higher leverage amplifies both profits and losses.

As a newbie, focus on educating yourself about forex basics and trading strategies, using reliable resources like BabyPips. Practice risk management by setting stop-loss orders and limiting the amount of capital you risk per trade. Lastly, use a demo account to gain experience without risking...

Basically your max position size is 50*20=1000 USD which is 0.01 lot. Major fx brokers like HFM or Exness, if it's not a cent account offer 0.01 lot as min position size

What is cheaper in your view? trading with STP or ECN broker? And where risks are lower?

ECN is a network of dealers which broker uses to provide best available price in the real time and can participate and act as a dealer too. STP means brokers sends your order up into the stream and never participates as liquidity provider. ECN is often cheaper because best available price means...

If you want to gain understanding of core mathematical concepts behind risk management (like markowitz portfolio theory, correlation, hedging strategies, etc.) I would recommend to read Hulls Options and Derivatives class book

Solution is to focus on constraints that those giants have (regulatory, mkt size, corporate bureocracy, etc.) this creates market niches where you can stay competitive

High leverage and high frequency of trades without solid trading strategy

Full-time trade is mostly when you are employed by hedge fund or investment company or bank. Full-time trading means you compete with those behemoths that have resources, money, brains etc. Extremely hard to beat them consistently

Is there anywhere I can see how this trading advisor has performed on a real account? I also wanted to know if it is compatible with the MT5 platform (I use HFM), or can it only be run on MT4?

Good question. Actually all inefficiencies sooner or later are discovered, for example you was only one on the lawn then other guy discovered then another etc. Profit pie is every time divided till it drops to 0 per every participant.

Identifying a scam broker involves looking for red flags such as unregulated status, generous bonuses, poor or no customer reviews, and lack of transparency in fees or terms. Scam brokers often promise unrealistic returns and may have unclear or unfair withdrawal policies. Always check for...