I have gotten more information on this forum than from any other site out there; I will advise any newbie to take out time to read through threads on the site; there is much to gain here.
There are many thinks I like about the Bitcoin currency, but top on the list is that the constant fluctuation of the currency adds more value to it; that is why I switched from using Skrill to Bitcoin for withdrawal from Profiforex which pays at no extra cost.
I hold my account on Profiforex in dollars, though my main currency is EUR, my withdrawal are converted to EUR once it hits my account; at the exchange rate of 0.9135.
my broker is very vital to my success in the trading market, that is why I take proper care when picking out a broker to trade with; I look at the brokers platform to see if its user friends; I also check the verification process, the spread offered by the broker and leverage; I look at the...
The only disadvantages I know of trading forex is that you can loose your hard earned money if the market goes against you; secondly, you may not have time for your family and friends especially, if you are too engrossed in trading.
They are also known as market makers or non desk brokers; who match your traders with that of other brokers; I think they are much better than desk dealers that trade side by side with you; another good thing about them is that they offer very tight spread on their currency pairs; for instance...
So far, Profiforex brokers offers me all I need to have a good trading experience; they offer variable spread as tight as 0.1 pips, leverage of up to 1:500, good customer support; I only wish they will add a forum where new traders can see and copy trades of professional traders.
The automatic withdrawal is yet to be incorporated into the broker platform I trade with, but the normal withdrawal process on the Profiforex takes less than 24 hours depending on the e-currency you are using, for it to get to your account.
Scalping is just a trading strategy where traders enter the market to grab just few pips and exit the market. Most brokers don't encourage scalping on their platform because if is more or less like gambling.
I prefer brokers that offer floating or variable spreads; which most times is an indication that the broker is an ECN broker. Also you get very tight pips when the spreads are floating spreads; like he 0.1 pips I get on the EUR/USD currency on Profiforex.
I guess when money becomes involved in trading, people starting getting anxious and nervous and making non calculated trading; I think greed may also be a contributing factor to this.
Yes; you can withdraw a broker’s bonuses as long as you meet up with the terms and conditions given by the broker firm; I could not withdraw my bonus from Profiforex until I opened an order equal to 1 lot. I never knew there was such rule.
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