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Thanks for all the info and definitely gonna subscribe for more credible info like this one.

Great move bud! Much appreciated!! Will come here more often.

I just hope my trades are not affected.

What is the idea? How frequently do you get such ideas?

Please don’t fall for any such rumours now. World is already suffering a lot since this pandemic happened.

I feel like spread betting is comparatively less risky and can be a great trading strategy. I'm more of a long term player but I have used spread betting to turn a profit once or twice in the past.

I don’t think it would be right to compare offshore brokers with regulated brokers. You cannot expect fund security with offshore brokers as much as you can with regulated brokers. At least, you know where to complain in case anything goes wrong.

Unlike other strategies where it’s recommended to use the SL and TP strategy when trading.

I prefer relative strength index, moving average, MACD, etc. I've been using some low spread brokers like XM and Fxview to go with my strategies and indicators.

For a beginner, indicators can be a bit tricky. You’re right with the invisible indicator thing. I started using them after a long time of trading and now I even have some favourites.

Yeah the success rate increases if we’re able to find the turning points on the longer time frames, and then switch down to shorter time frames just to fine tune the entry.

There are quite a few actually like fxview, easymarket, xtb that offer competitive spreads and low margins. So, if you’re trend trading, you better keep the position open as long as the trend continues. Apply stop losses to safeguard your profits and reduce the losses.

@rihana Been using the position trading strategy with the trend, using longer term charts in conjunction with the technical tools like the pattern analysis and drawing tools.

Don’t these ECN brokers charge commission and have a high minimum balance condition?

I go with EURJPY because of the great movement and volatility. Mostly traders don’t go for it and that’s where their loss becomes my gain.

There are brokers who make profits by seeking commission per trade, while there are few who’ll charge the spread between the bid and ask price.

I usually trade major pairs, mostly having USD simply because they are traded in high volumes and come with lower spreads.

The key Richie is to trade when there is high volatility. And this can only be when the market opens and around some major news events. I believe nothing is as such “fixed” when it comes to costs. And that's why I rate transparency so much higher. For that reason xtb and fxview fare slightly...

I day trade exotic pairs. Since they’re less liquid, the small movements throughout the day offered a good opportunity to make some money.

It’s all about strategy and practice. Let’s not deny the fact that trading in this pair makes a trader benefit from the good number of pips in a single move that’s otherwise not possible with other currency pairs. Now there are risks involved in trading every currency pair but applying stop...