If a broker can afford to pay big bonuses then they are making a lot of money off their clients - therefore they are bad.
If a broker offers big bonuses with conditions that can never be met then they are a bad broker because they are clearly misleading people
I wouldn't say that you should never give up on Forex trading. Some people aren't suited to it and will never make any more. If you aren't making profits after a couple of years then it is time to give up
If you use a bucket shop Forex broker then they are the ones that set the price of a FX pair. Of course the price will be very close to the actual market price but the broker can adjust it up or down as they wish. This can happen a lot during news announcements. BUT if you use an ECN broker...
This doesn't make sense to me from a risk perspective. Rather than hedging it sounds like you are increasing your trading costs, mis-matching risk. I would rather stick to trading a single FX pair
Most bucket shop brokers have the same problems as those mentioned by Danish Faridi but ECN brokers are usually a lot better. With a bucket shop broker if you lose money then they win so there is a conflict of interest. They want you to lose. But with an ECN broker, they only make money on the...
Any trader claiming to have a 95% success rate is either lying or trading with an INCREDIBLY RISKY strategy. Anyone can have a 95%+ win rate if they open a trade and target say 10pips (altough it could be higher) and then either don't set a stop loss or use a massivel 500+ pip stop loss. Almost...
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