Hey man. I see you want to tell people about some new broker... But it's not a relevant info for this thread I just want to say that a robust thought to details strategy, money management, being aware of risks and having a plan 'B' are the main things in trading... But not a broker. Though, this factor can make all your efforts useless. Just try to find some 'not-very-new' broker that has at least comments and a place in web ratings.Forex can be very dangerous but you need to trade carefully here. You must choose a good broker which deals directly with bank. We should be careful about market making broker. So if we can avoid those broker then we can be safe in forex market
Really, the broker can't influence trading SOOO much, but if you will work with a scam broker, you can say good bye to your money. It's not the last point in the list of important thingsI dont understand how broker can be dangerous for trading. Our trading analysis make it easy or risky than how we can say that broker can effect.
It can be easily found out. Just compare the charts to other ones (for example, on analytical websites) and see how clear is your broker.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 there is no incentive for them to manipulate the price so it is a much more sensible way to trade
When we choose broker for trading, we also look for broker's fund security and regulation, and i personally double check with so many forms and websites, then how it can scam so easily. There are less chances of scam, if we have done our research well.Really, the broker can't influence trading SOOO much, but if you will work with a scam broker, you can say good bye to your money. It's not the last point in the list of important things
WEll said!Absolutely! Forex markets are very fascinating and interesting in theory, however when you actually step in to the arena of trading you might have some different experience. Jumping into the Forex trading without possessing enough knowledge can prove to be very dangerous. You can end up making even more losses than your capital. So Always invest with the money you can afford to lose.
Spot on! The Forex market is inherently risky, but not dangerous unless you make it so. Commonsense, due diligence, and sensible money management apply here, just as they do in any financial undertaking. Of course, as FxTimothy points out, some people treat the market as a gambling venue...there are not many wealthy gamblers out there!No its not true at all , as Forex market has been a Great blessings for many small financial institutions including UN countable Individuals who trade Forex for living. This word " Dangerous " Applies to only particular Group of people who Take Forex trading as Gambling Game and not for the Serious person who takes it seriously .