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To test your ideas, you have demo accounts offered by most brokers. Make use of them to do better in the market.

As a day trader, you will have to pick a market wisely that you are interested in and can afford to trade. And not to forget, you will also have to set up the right equipment and software.

All these points are correct but somehow I returned to MT4 after spending a few months trading with MT5. It was just too complex for me.

Well, for one, the movements in the price actions are quite fast and this turns out to be a risky proposition. Also, can you spend time in front of your computer screen during the market hours to constantly check and modify the trades? If yes, then you can still think of going for it.

Well the lower fees, lesser reliance on the fund manager’s competence, and then the market-wide diversification is what makes the indices one of the safest investments I’ve ever made.

Consider finding an off-shore broker (wisely) to be able to make the most from the tax benefits. There are brokers that also offer low to almost no tax environment.

Oh yeah it can be profitable for traders who especially decide on using it as their primary trading strategy. This however can also go along with other strategies that you would want to use for trading. Don’t know what strategy you used but the tried and tested one is using the exit strategy for...

Even I use conditional stop and limit orders to manage a trade if the entry order is triggered when I am not using the platform. This gives peace of mind that no irrelevant trades have been made without proper orders attached.

Also Terri, they’re more volatile and tend to fall sharply during recessions.

Can be @Ralf but different assets like bonds and stocks hardly react to the adverse effects in the same manner.

The one going good for me is Fxview. I have also opened another account with Schwab, but yet to initiate live trading on it.

I agree, unfortunately not all brokers are offering that as an option at this time. People still don’t trust it much I suppose. I am very happy with my broker so wouldn’t want to change it just for this reason. And as far as withdrawals are concerned, I have always experienced same day or max...

I use different brokers for a bunch of strategies that I use for my trade. For example, I use Fxview whenever I have to hold a position for long term (cause of their lower roll over rates) and when I’m day trading, I go with XM or Charles Schwab.

You can easily trade indices and there is not much you have to do with regard to them. They generally measure the performance of a group of stocks. There is a lot of exposure you get to the economy or a particular sector at once and that too by opening just a single position. You will have to...

I took one on udemy as part of my trading course before I opened my first ever account with Fxview. When I lost all my savings I wasn’t consoled because I had read about it :) Even now after a year of trading and thankfully losing less, the grief of a losing trade is real. As a policy now I...

The proper charting techniques and indicators are necessary to define the trading style. A strategy can be the same for everyone because if you are doing price action trading or day trading some other person is also using the same technique. The difference between the two is that (or the matter...

That’s so true! Low cost brokers make the whole trading process much easier, one can easily experiment around for what would work and what not.

It is absolutely true when I was trading and just recently gotten into the markets. I didn't know what to look for in the broker; no doubt I was learning but everything seemed to be very daunting. I was using a commission free account from XM but now when I moved to ECN account through Fxview...

That is right and I agree with your assessment of it. It is important to stay productive and keep learning even when a trader isn’t trading. Browsing trade forums, reading, backtesting are all essential aspects of it. I do that too when the markets are closed. I also keep researching brokers...

I agree with you, closing your trade in some hours is much better, anything can happen in the after hours. Although brokers such as forex.com, IG, fxview, swissquote have some of the best rollover rates. But I have decided to treat forex as a long term investment in some years when I am more...