Agreed. I also think that these bonus schemes are just marketing tool in hands of bad brokers to attract more traders without experience. Always deal with legitimate brokers and avoid any tempting offers
My first real account of $100 of investment was successfully blown. But, I admit that it was solely my mistake because I was taking too much risk and trying to play aggressively. It was gambling from my side, after all. But, never again.
John, at least good thing is that we can share information about scammers on forums like this one. In this way we are not going to be able to decrease number of scammers, but other traders can be alerted, and would not fall on scam.
Trading account growth is pure reflection of traders growth in experience. So, if you are not experiencing that your account is growing, pull back to demo and see what are you doing wrong
I also like comparison made by Pezz. Indeed forex is a path toward your goal. But, if you want to reach it you have to pass many places on that road and solve many riddles and obstacles which stand there
Beauty of forex is that it is available for anyone with internet connection and a computer. And, it is also wonderful that you dont need to be a nuclear scientist to understand how to make money on this market. Anybody can trade forex
I also think that you should contact your broker and explain situation. I hope that you are dealing with legitimate brokers. If you dont, then this might be one of the common situation with brokers who are scammers.
I find that crypto market is just a little bit harder to trade from ordinary forex. So, if you know basics of forex then you should try to trade crypto, but at least, in the beginning keep your investment low.
If you are making first baby steps on the market, I would suggest to start with $10 and see how it goes and what needs to be improved. During time you can easily increase your investment based on you earning appetite.
I also think that risk management principles are very important in forex trading. My simple rules are that I am investing no more than 5% of capital per one deal and I am always placing stop loss limits.
Marco, very good answer. And also very honest considering that you have mentioned slippages and time-outs. Indeed common way of earning money from not so honest brokers.
Also blue chip companies are going up and down. It is only a question what is your holding period and in which part of global economic cycle they are currently operating. I find that it is better option to buy stock index and hold it on a long run.
Calendars are present on the umarkets website. Keep in mind that not all companies are included there, but each exchange has its own full calendars. There’s no problem with getting things going. To receive dividends, shares are bought no later than a week before the issuer's report, otherwise...
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