It is important to deal with a regulated broker because to some extent you can feel secure that they are being monitored by an organization. Though regulation does not all ways quarantee that a broker is reliable.
When I started trading I dream that my broker should be ECN/STP ,low spread,multiple withdrawal and deposit method that are easy and easy safe with good trading platform. And I am so happy profiforex realize that dream.
If you want to trade forex you should be aware that forex is risky where loss is inevitable. Though it has lots of advantages that make it easy for anyone to be able to trade forex. And also it is a profitable business when you have the necessary skills,knowledge and experience to beat the...
In order to avoid forex scam you need to do a thorough research on brokers and knowing what you are looking for before making your choice. And also you can start up a demo account or open a micro live account to have real experience with them.
I think manual trading is the best method. Though automated is also in some extent profitable but always work with the way it is being programmed. And some times the market trend might not turn out the way you expect and its only through manual trading that such problem can be solved because...
In order to succeed trading a live account great deal of knowledge including the pros and cons needed in forex so as to be able to beat the challenges that the real forex market throws at you. Good preparation is indeed vital.
The forex market offers tremendous leverage that can be used judiciously but as easily as it increase losses it can also quickly cause large losses. In the forex market positions can be open and closed within minutes or even held for months. The forex market provides many opportunity for investors.