You're right, those kind of brokers are simply best for newbies in the world of forex trading to learn, be acquainted with trading and enjoy the benefits of trading through the features of the broker. Such kind of benefits offered by the broker makes trading via their broker worthwhile, and makes individual never to look elsewhere.
When they are failed to pick up the right time to enter the market, then whom should you blame? Obviously it will be your fault only. So whenever we wait for any perfect time to enter into the market it becomes important that we must be patient. When we will be waiting patiently for a good time to enter,the outcome will surely be good then.
There are people that have made loss on forex multiple times because they obviously fails to pick the right method and sort of investment because they lack patience ,and any little method they learn , will make them think they are already perfect with trading forex
Patience, as you said is the main characteristics here. It needs time to learn about the forex market. When we trade in forex, we deal with high amount of risk. Which can only be minimized with proper management plan. And for that our learning will help the most. Patience is therefore needed in order to learn things better.
Though many people suggest to use different types of strategies and merge them as one, but I would suggest to make it as simple as possible. Trade with one single strategy, try to be a master of it. I know same strategy doesn't always work in all conditions, so the strategy also needs to be flexible so that can be amended Efficiently.
And that learning is the most essential part. No matter how much money you have in your account as margin, trading without knowledge will eventually end up your account. It's always advisable that, a new trader at first should try to learn from various websites, forums, blogs, videos, then should join to trade in real. Market.
Laughs, it isn't a child's play dear. One who is so eager to achieve success via forex trading, need skills, knowledge, and techniques to trade and to succeed. And not trading and expecting virtue of luck yo play his or her to forex trading success. Trading and going off to bed to sleep just as you suggested. Such kind of person isn't playing gambling, its just hitting around the bush for nothing.
There are even so many brokers which are best for newbie traders. Mostly because such brokers not only provies free education for them, they also provide some bonuses for them to trade in the market freely. These brokers provide nondeposit bonus using which you can make profit with them with less effort and also you can withdraw the profits after fulfilling desired criteria. This is a very useful bonus, specially for newbie traders.
Using a legit, reliable, secure broker to trade forex makes it all the best for the trader who is hoping to make money via forex trading. I just use FXTM broker to trade it has the features that will enable a beginner to understand more, and have best of trading time, cos it has 24 hours trading signal, that shows the statistics of the forex market.
The forex broker that you mentioned, is well reputated. The offers and bonuses also are very high. Only thing is the minimum deposit is set at some high amount , though it is not impossible to trade here. The customers support is good there too.
There is no shortage of knowledge pool in online for learning. You can search and find many articles, forums, videos tutorials etc everywhere. Even most of them are free.
