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That’s too bad. I haven’t seen a trader that wasn’t scammed and I have been too a lot of times. When I was taking some courses, I was advised to be careful with brokers and after some extensive research, I found these 3 brokers that were legit. Not only in terms of regulations but transparency...

That’s right. Stay away from unscrupulous brokers. There are so many scams out there. Makes trading pretty risky. Especially for newbies.I always recommend to check broker reviews here or on FPA.

Like I said before, it is all about market analysis people. Only thing I would suggest is to not make a mistake of paying a lot for every transaction. Some low commission brokers in my knowledge are etoro, exness, alpari, fxview, xtb,go markets.

It is so irritating to see statements like these. There's nothing wrong in a newbie trying his hand at scalping. A good knowledge and analysis of the markets is all it takes to be an effective scalper. I started off with 5 minute charts and have been doing quite all right for myself from the...

I’ve had most profits on USD/JPY. Trade when both countries markets are open and you’ll see a lot of green.

I use FP markets and fxview too, they are actually under a lot of different financial authorities, like fxview is even regulated by fca and fpmarkets by asic. Both are strong authorities which gives a sort of an extra protection cover.

I have been trading futures options more actively with tastyworks and I can tell you that it is one of the cheapest with a $2.50 for contract of trade. They don’t charge anything as closing commission. For equity trading too I figured they are the cheapest. $20 for 100 contracts in comparison...

Let’s see if there is a decline in the prices of gold.

Of course you can. Just your profits might be very marginal. Might not be worth more than the interest on the savings parked in your bank account. Not trying to sell you the idea of using leverage here, but do consider trying it out after calculating your risk per trade. Like I follow the thumb...

Make use of the Heikin Ashi chart for better analysis. I found much better results on my trades with the same brokers (FP Markets and Fxview) after I started using them rather than the traditional candlesticks. Retracements, false signals are cut off because of the lower market speed. It is so...

USDJPY. It’s my safe haven. Not been long since I started trading on Fxview and City Index and with both brokers I am as of now only trading this pair. It’s easy to keep a track on because of its positive correlation. But with time I’ll surely diversify.

I believe that if a strategy is already working for you, you better stick to it. What is working for others might not work for you.

Thanks for sharing. Seems good to me.

Well, I think that it is normal and there is nothing you should be worried about. The spread size you are seeing has added commission. Brokers offering low spreads generally have separate commissions. I use FxView and Alpari and they also have low spreads but they ask for commissions separately.

No, the high amount of leverage does not alter the commission for the broker. Brokers generally charge commission on the basis of the number of lots with which you have entered into a position.

You will still be paying 2 pips. I used the same amount of leverage on Fxview and IB for trading GBP/CAD and the spreads remained the same. 0.0 pips for Fxview and 0.1 pips for IB. So no, the leverage has nothing to with spreads or commissions that the broker offers.

Market is just unpredictable. Sometimes it goes up despite horribly bad news.

This jump happened just out of nowhere. Then volatility is increasing every week as the market is highly affected by the COVID-19 conditions. If this troublesome situation prolonged, there would be increased risk of extreme volatility, giving a severe hit to the market.

What is the point of paying a round trip of 100 shares of AAPL?