I'm looking for no deposit bonus offers like this one. Please do not recommend offshore unregulated brokers, only mature legit brokers, preferably with UK license and established reputation.
Discussions about special conditions of the offers are welcomed.
I think they fail because they can't follow simple rules such as
1. Avoid times of high volatility.
2. Keeping leverage low.
3. Choose position size in accordance with your trading capital and expected drawdown.
4. Use stop loss below or above important levels
It is impossible to get 0 pip spread regularly because a market maker won't work for free. Transaction costs is essential part of trading which complicates scalping. I tend to trade with low-spread brokers such as Hotforex where scalping strategies make positive return.
It is very important to know a reason for entry and exit for every trade. Only doing this way you can be sure that you follow trading system and don't trade blindly. I always trade using SL and TP with DELETED and those trades are predetermined by my trading system.
Hello, I would like to compose a list of brokers which offer BTC as deposit and withdrawal method. For now I know only Hotforex but I need more to diversify my trading.
Looking forward to your reply guys.
It is perfect that forex is available for retail investors because it is an unlimited earning opportunity. Even with proper risk and money management, simple technical analysis rules can make you money.
I think its good to trade at least 3 months on demo if your are newbie trader. Then you evaluate your progress (if your strategy is ready, if you found a good broker, if your strategy and profitable) and then you may be ready to trade on live.
Forex trading is not the only source of income because it is unstable and being dependent on some unstable source of income is detrimental for trading because it will increase chances of emotional response to losses which I try to avoid.