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I think that experience in general helps traders go from being confused beginners to more adapt traders. Thinking the right way psychologically is yet another advantage.

There are a lot of different factors you should look at. First, compare all costs including costs for trading (spreads and commission), withdrawal fees, and check terms & conditions to see if there are any hidden fees for inactivity, account maintenance, etc. Next, you need to make sure that...

This is so true for so many people!

I'm in the US and had a hard time finding a broker because of the stricter regulation so I went offshore. Technically this is riskier in the case that you might choose a scammer or if the broker closes you could lose your money, but you can do thorough research to make sure you go with an honest...

Interesting to see who everyone else is using. I have an account with Hugosway and one of my best friends is currently trading through Oanda. I think we've both tried to get each other to switch at some point.

If you’re looking for the highest leverage offshore brokers typically offer that, while up to 1:30 is common for a lot of regulated ones. As a beginner, you may want to start with a smaller leverage as it can be dangerous but it would be good to have the option to use higher leverage later down...

Hugsoway is a good low cost MT4 broker. They don’t charge any of the extra fees you mentioned (no fees to withdraw, for inactivity, etc.). You can also trade Forex, crypto, etc. through them with low spreads.

I prefer MT4 brokers…never had problems using them

I agree that it can be overwhelming to choose a broker when there are so many options. It takes a lot of time to find the best one that fits your needs, but it’s worth taking the time to do so because you don’t want to choose the wrong one. Only thing I disagree with is the whole regulation...

The best thing to do is to find a broker with low fees compared to others so that you wind up with as much profit as possible. You could look for a 0 commission broker, but that often winds up with higher spreads. However, I do know that CedarFX has a 0 commission account with pretty decent...

I struggled with a couple of the things you mentioned when I started trading. I also remember coming across one of those Forex gurus and thinking that maybe I could just follow him and make money really easily, luckily I read some reviews online and realized that the whole thing was made out too...

True - I noticed a big difference once I started writing things down in a trading journal.

I remember researching this a while back and learned that most professionals prefer a 1:100 leverage.

I like the list you complied. I’ve already heard of several of these, although I know of one or two really good ones that aren’t mentioned.

BTC/USD

Trading gives me anxiety - always worried about losing. Definitely isn’t an advantage.

Hi, I’m new here as well. Found some helpful info in these comments.

I think you made several good points