In my opinion VPS is required only when you are planning to use EA however EAs use can be tricky and may double the trouble if you are not a coder yourself since they are coded to follow technical analysis. They also requires monitoring during the highly volatile markets.
I guess 6% profit is a handsome amount to be sought after which compounds and can yield more than expected in my opinion. Yet slow and steady wins the race, if anyone looks for higher rewards chances are that they will take high risks plus higher leverages which can lead to losses as well.
I even never heard this broker before. Since we see a lot many brokers joining the industry every day and many leaving as well, better we should do proper research to find a broker. After finding the right broker it is always recommended to trade demo account to test further and then deposit...
Agreed and we need to do a lot of research finding the right broker for trading and that is why i always recommend looking for brokers reviews on FPA before signing up with any broker.
There are many profitable bots in the market and if we have any profitable strategy we can get it coded into EA however the only thing is that they are coded to follow technicals so better need for monitoring during the volatile markets.
We never know when even a legit broker with good reputation ends up paying traders and turned in to scam so better if we minimise our risks by withdrawing on regular basis with any broker of choice leaving the necessary capital behind.
There is a bunch full of online brokers to join.. just do a little research at your own by looking at brokers reviews on FPA and decide which broker suits you the best.
The only thing is learning how to trade and if we manage to learn it, this knowledge is applied to every type of trading either it is forex or crypto, stocks or else where.
Do some research at your own, get a demo account from any reputed broker and trade it regularly. These demo accounts does not required any deposits so even if you lose money you will not incur any financial lose. Still you can learn from your mistakes. Also keep in mind that forex trading is not...
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