I remember some casino don't have the right to manage the player fund because the regulation force them to do that. Casino have to let third-party manage the player fund. I think it's good if a regulated broker do it. But I Know, almost brokers don't do it. They hold the trader fund.
I think a mistake easily occur in real account is you take profit too short and close trade too far. Since you're afraid of losing money so often put TP very near the market price (30-50 pips). But when the market price reverse, you increase the Stop Loss and it made you lost more...
I had a friend and he is an IB, he introduced me about Forex and his broker for me to start traded. At first, I think he is a MLM Business-man, but I had to thanks him for introducing me to forex. :D
Insta is a broker that I would never touch. Their big issue with FPA and plenty of scam topics in local forex forums are enough for me to stay away from it.
Not every forum pay for posting, only some as MT5 or 4X... But I think you shouldn't post to earn bonus money, just come to forum to learn Forex knowledge to improve your skill.
THat doesn't mean exactly someone goes to jail, I think it's mean the important of making clear about your issue when you report it to the regulator as FSA, FSC. I think you get your money easier of at least you have someone to report about broker's their bad activities.
I remember some words:
If a regulated broker cheated you, if you cannot get your money back, at least someone will go to jail :)
Actually I think regulation broker is better than unregulated so I choosed HotForex and FxCM because they're regulated.
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