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Admiral Markets Review for 2020: 8 Key Findigs & Ratings

Founded in 2001, Admiral Markets Group is a leading CFD and Forex broker, with presence in over 40 countries worldwide. Since its inception, it has developed a reputation as one of the industry’s most trusted, transparent and well-respected brokers. In this Admiral Markets review, we’ll be taking a look at everything you need to know…

admiral markets review

Founded in 2001, Admiral Markets Group is a leading CFD and Forex broker, with presence in over 40 countries worldwide. Since its inception, it has developed a reputation as one of the industry’s most trusted, transparent and well-respected brokers. In this Admiral Markets review, we’ll be taking a look at everything you need to know about this broker, including account types, what fees to expect, regulation, trading platforms on offer and more.

Strengths

  • Supports MetaTrader 4 and 5 (MT4/5)
  • Free demo account
  • Excellent customer service
  • Wide range of account types
  • Negative balance protection

Weaknesses

  • No deposits via PayPal
  • Demo account expires in 30 days
  • Trading commissions on some accounts

What can you trade?

£1
Min Deposit

Good
App Support

1:30
Max Leverage

Forex CFDs

Admiral Markets is a broker offering clients access to a wide variety of currency pairs, including majors, minors, and exotics. In total, there are 50 currency pairs to choose from:

CurrenciesTotal Number
Exotic22
Major5
Minor23/td>

Overall, traders are able to access a solid mix of currency pairs that is on-par with other leading brokers. Competitive leverage rate of up to 1:30 is available for Retail Clients (1:500 for professional clients), while Admiral Markets also provides several other unique features as part of its Forex trading accounts.

admiral markets forex spread

These include competitive spreads that start from 0 pips, no restrictions on stop distances, negative balance protection and super-fast order fulfilment that is executed within milliseconds. We particularly liked the negative balance protection feature, which helps traders minimise their volatility and market risk by preventing their accounts from sliding into a negative amount.

Admiral Markets prides itself on its customer-centric approach to trading and backs this up with a robust set of educational tools for traders of all levels. This includes webinars, seminars and a host of informative educational videos on Forex trading, as well as educational books and brochures.

Cryptocurrency CFDs

Cryptocurrency traders can also execute positions on 32 cryptocurrencies. This includes 22 Cryptocurrency Pairs with Fiat Currencies and 10 Cryptocurrency Cross Pairs with leverage of 1:2 available for Retail Clients and an ability to trade in any direction by going long or short on any cryptocurrency CFD. In addition to popular cryptocurrencies such as Bitcoin, Ethereum and Ripple, Admiral Markets also supports altcoins such as Dash, Ether and Stellar.

Commodity CFDs

With Admiral Markets, it’s possible to trade CFDs on the world’s most popular commodities including oil and gold with leverage up to 1:20 for Retail Clients and the ability to start trading with just 100 EUR. In addition, there are zero commission fees for traders, allowing you to save more on each trade. In total, there are 28 commodities to choose from, including:

  • Agriculture (7)
  • Commodity Futures (11)
  • Energies (4)
  • Metals (6)

Index CFDs

admiral markets index cfds

If you are focused on equity markets, then you can trade CFDs on 19 cash indices and 25 index futures, as well as over 3,700 individual stocks from a variety of markets around the world. There is zero commission involved and no minimum transaction size, while leverage is available up to 1:20.

ETF CFDs

As a retail trader, you can trade on 376 exchange-traded funds (ETFs) with USD-denominated ETF commissions at just $0.01 and a minimum trade size of $1. Competitive leverage rates of 1:5 are available and it is possible to earn dividends on long positions. Professional traders have access to over 500 ETFs.

Share CFDs

There are over 3,400 shares available to trade with Admiral Markets across a wide range of industry groups, from Communication Service to Utilities and everything in-between. All of the major stock exchanges are available, include the New York Stock Exchange (NYSE), London Stock Exchange (LSE) and Tokyo Stock Exchange (TSE). Leverage up to 1:5 is available for retail clients, along with the potential to earn dividends, no commission fees or minimum transaction levels.

£1
Min Deposit

Good
App Support

1:30
Max Leverage

Social trading at Admiral Markets currently consists of the broker’s support for the trading signals service offered by MT4 and MT5. This social trading feature provides you with access to a sizable associated community of experienced traders that use the platforms.

The company’s clients can follow the trades of others within the MT4/5 community and copy them on their account automatically. There are fees for this service, but they depend on a variety of criteria.

What did our traders think after reviewing the key criteria?

Clients will generally pay a modest dealing spread whenever they enter or exit a trading position, which is normal. Spreads are very competitive due to their STP model, which gives its clients direct market access.

There is no fee charged when opening an account. However, Admiral Markets does charge an inactivity fee of €10 per month if you have not made any transactions in the previous 24 months. You are also able to transfer money between accounts of the same base currency at no charge, but you will pay a 1% exchange fee to transfer funds to an account with different base currency.

The Admiral Markets and MT5 account types have no commission, but they do have a minimum spread that is 0.1 for EUR/USD for example. Deposits are generally free, but deposits via some e-wallets like Skrill, Neteller and SafetyPay incur fees. Most traders also get to make two free withdrawal requests each month via bank transfer, Skrill or Neteller, although some wire transfer withdrawals will involve modest charges, in addition to any bank fees you may incur.

Furthermore, unless you have an Islamic account, you may be charged rollovers or swaps. It will occur when holding a long position on the lower interest rate currency in a pair overnight. It is primarily a concern for traders who hold trades overnight.

Admiral Markets provides a free demo account to hone your trading skills, although it does expire in the rather short time of 30 days.

The website lists a set of four live trading accounts which are broken down by the MetaTrader platform you wish to use. These are as follows:

MetaTrader 5MetaTrader 4
Trade.MT5Trade.MT4
Invest.MT5
Zero.MT5Zero.MT4

admiral markets account types

Let’s take a look at some of these trading accounts in a bit more detail:

MT4 Accounts

Trade.MT4Zero.MT4
Minimum Deposit£100£100
Leverage (Forex)Retail Clients: 1:30 – 1:20Retail Clients: 1:30 – 1:20
Leverage (Indices)Retail Clients: 1:20 – 1:10Retail Clients: 1:20 – 1:10
SpreadFrom 0.5From 0
CommissionsSingle Share & ETF CFDs – from 0.01 USD per share 4 other instruments – no commissionsForex & Metals – from 1.8 to 3.0 USD per 1.0 lots cash Indices – from 0.05 to 3.0 USD per 1.0 lots energies – 1 USD per 1.0 lots
Minimum Order Size (Forex), Lots0.010.01
Hedging✔️✔️

MT5 Accounts

Trade.MT5Invest.MT5Zero.MT5
Minimum Deposit£100£1£100
Leverage (Forex)Retail Clients: 1:30 – 1:20Retail Clients: 1:30 – 1:20
Leverage (Indices)Retail Clients: 1:20 – 1:10Retail Clients: 1:20 – 1:10
SpreadFrom 0.5From 0From 0
CommissionsSingle Share & ETF CFDs – from 0.01 USD per share 4
Other instruments – no commissions
Stocks & ETFs – from 0.02 USD per shareForex & Metals – from 1.8 to 3.0 USD per 1.0 lots
Cash Indices – from 0.05 to 3.0 USD per 1.0 lots
Energies – 1 USD per 1.0 lots
Minimum Order Size (Forex), Lots0.010.01
Hedging✔️✔️✔️

When it comes to trading platforms, Admiral Markets is a MetaTrader-forward broker. It offers compatibility with the full suite of MetaTrader platforms, including MetaTrader 4 (MT4) and MetaTrader 5 (MT5).

admiral markets platforms

Both trading platforms are available for download on Windows and OS X and are also available as a web-based client (MT WebTrader) that you can use in your browser. You can also download MT4 as an app for mobile trading on-the-go which is compatible with both iPhone and Android devices.

In addition, the MT4/5 platforms also have a free MetaTrader Supreme Edition plugin that extends the platform’s necessary capabilities and works on both live and demo accounts.

The official website is easy-to-read with black text on a white background. It has eye-catching imagery near the top and a bright blue menu bar that has links to essential areas of the site.

The site’s main menu bar includes tabs entitled: About Us, Start Trading, Products, Platforms, Analytics, Education and Partnership. There are also phone and language buttons in the upper right section of each website page. There are also log in and Create Account buttons to help you get started right away. The bottom of the pages contains social media links, as well as legal information.

The quality of the overall trading experience it provides to customers is reflected in the number of awards Admiral Markets has won over the years. The main priority for this broker is to help clients make better trading decisions and provide a seamless experience.

It achieves this through a large library of educational resources, including seminars, articles, how-to tutorials, e-books and trading videos. We especially liked the ‘Zero to Hero’ trading course, which helps new traders learn to trade in just 20 days.

admiral markets customer support

Admiral Markets provides its customers with the usual range of contact options on its website that you can use to contact the customer service team, including telephone, live chat (available 24/5) and an email contact form. A welcome albeit unusual customer support feature allows clients to drop by their offices in London to directly deal with issues. If you encounter any problems during the weekend, you can leave feedback or drop them a message over the weekend for when support resumes using the website form.

Admiral Markets offers traders plenty of payment methods, making deposits and withdrawals an incredibly straightforward and simple process. It offers many of the most popular deposit and withdrawal methods, including bank transfer, Visa and Mastercard, and Paypal.

In addition, it also supports e-wallets such as Neteller and Skrill and a host of lesser-known payment providers such as SafetyPay, Przelewy, Klarna  and iDEAL. To summarise, Admiral Markets offers more payment methods than many brokers and is almost certainly a market leader in this respect.

admiral market payment methods

  • Credit and debit card payments: Visa and MasterCard deposits are free and are processed instantaneously. Deposits have a minimum amount of £/€/$50, and there is a limit of £/€/$5,000 per transaction.
  • Bank wire transfer: Wire transfers can be sent to and from banks anywhere without a transaction minimum or limit. They are free for deposits, and you get two free withdrawals each month, although your bank may charge for such transactions. Processing times can be up to three business days.
  • E-wallets: supports Neteller and Skrill for deposits and withdrawals, but not PayPal. Transactions are instantaneous, but deposits incur a 0.9% charge. You also get two free withdrawals per month.

U.K. traders can make deposits directly in pounds sterling (GBP), as well as in USD, EUR, AUD, BGN, CHF, CZK, HRK, HUF, NOK, PLN, RON, RUB and SEK. Deposits made in other currencies that differ from your trading account’s base currency are converted to the base currency at prevailing exchange rates.

If you are considered a professional-client and are willing to deposit more than £15,000, then they will provide you with an offer to help make your trading conditions as competitive as possible. You just need to fill in a request form on their website to be considered for this promotional offer.

Another positive point is the company’s flexible onboarding policy. It makes it possible for traders to have accounts with more than one of their offices. Meaning that a UK-based retail trader looking to trade currency pairs might ordinarily be subject to a 30:1 leverage ratio if they trade through the FCA-regulated UK office, but if they open an account with the ASIC-regulated Australian office, then they could trade using 500:1 leverage.

Admiral Markets also offers useful analytics. These include fundamental and technical analysis reports, a trader’s blog, an economic calendar, a market sentiment indicator for major FX pairs and gold, and a market heat map that shows top moving assets.

When it comes to learning material, they provide considerable educational assistance for beginner traders. These include webinars and seminars, articles, tutorials, a risk management guide, a 21-day “Zero to Hero” trading course, and a forex 101 online course. You can also open a demo account to test your trading strategies.

The company also has several active and highly-popular social media accounts. The company’s busy Facebook Page presently has over 416,000 followers, while its Twitter account has almost 19,500 followers and 35,900 tweets. Its UK-focused YouTube channel has plenty of educational videos and an impressive 18,100 subscribers.

Admiral Markets is authorised and regulated by some of the world’s leading financial regulatory bodies, ensuring a safe trading experience for its clients:

These regulators require Admiral Markets to fully segregate traders’ accounts from company funds, adhere to strict anti-money laundering and capital requirements, comply with ‘know your client’ procedures, as well as a host of other stringent measures designed to protect traders.

In addition, traders in the United Kingdom are able to benefit from protection against defaults up to £85,000 through the Financial Services Compensation Scheme (FSCS). Protection of up to €20,000 is provided for traders in the E.U. through the Investor Compensation Fund (ICF) of Cyprus. All in all, FXTM should be considered a trustworthy and secure broker to open an account with.

admiral markets awards

Admiral Markets is the winner of 40+ global awards, making it one of the world’s most decorated brokers. Some of its accolades include:

  • Best Forex Platform: ADVFN International Financial Awards, 2019
  • Best CFD and Best Forex: Broker – Brokervergleich.de, 2015-2019
  • Broker of the Year: BrokerWahl, 2019
  • Best CFD Broker: The Deutsches Kundeninstitut, 2019
  • Fairest CFD Broker: Focus Money, 2019
  • Best Forex Broker: The Onlinebroker-Portal.de, 2019

It goes without saying that Admiral Markets is clearly a well-respected broker in the industry and a leading CFD provider that you can trust to deliver an excellent overall trading experience.

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Admiral Markets FAQs

No, Admiral Markets is not an ECN broker, they are a Market Making and STP broker. If you sign-up for the Invest.MT5 Account, your orders would be passed to an external gateway that is either connected to an exchange or a liquidity provider. You can trade in more than 400 FX pairs, over 4,300 publicly-listed companies and more than 200 ETFs on the Invest.MT5 Account.

Admiral Markets UK is the principal and Admiral Markets A.S., the sole liquidity provider for all CFD transactions carried out on its trading platforms via the Trade.MT5 and the Zero.MT5 Accounts. In other words, Admiral Markets is a market-making broker.  Admiral Markets pledges to carry out back to back transactions with the liquidity provider, thereby hedging all client transactions.

The Admiral Markets Group comprises subsidiaries offering online trading in over 8,000 CFD products across forex, stocks, commodities, indices, bonds, and cryptocurrencies. The subsidiaries are authorised and regulated by the FCA, CySEC, ASIC, EFSA, offer deep liquidity and high-speed order execution. You can open an account with a minimum deposit of $100/£100/€100 with some of the best trading conditions, all accessible on the MT4, MT5 platforms. So, yes, Admiral Markets is a good broker.

No, Admiral Markets does not offer spread-betting on its platforms. Instead, Admiral Markets offers OTC and exchange-traded products in forex, commodities, cryptocurrencies, shares, indices, ETFs and bonds. You can access all the products from the cutting edge supreme-edition of the MT4 and MT5 platforms.

CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 75% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work, and whether you can afford to take the high risk of losing your money.

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AvaTrade introducing 3 new crypto pairs

crypto trading with Avatrade

AvaTrade introducing 3 new crypto pairs – updating 3 others

AvaTrade has yet again improved their cryptocurrency trading offering.

AvaTrade is introducing three new cryptocurrency pairs: NEOUSD, EOSUSD & MIOTAUSD in addition to the 15 crypto assets already on offer.

These new pairs have been available since July 1st, 2019 and provide an excellent opportunity to diversify your clients’ portfolios and increase their exposure to this vibrant 24/7 market.

AssetTypical SpreadLeverageMarginMin Nominal Trade Size
NEOUSD1.5% Over-market2:0150%10
EOSUSD2% Over-market2:0150%10
MIOTAUSD1.5% Over-market2:0150%10

To unify their cryptocurrency instrument labels, They are relabeling their existing Ethereum, Ripple & Litecoin instruments, by replacing the existing instruments with new USD labelled ones:

AssetOld SymbolNew Symbol
RIPPLEXRPXRPUSD
ETHEREUMETHETHUSD
LITECOINLTC_MiniLTCUSD

These new pairs have also been available since July 1st,

The trading conditions for each one is identical to those of the older respective assets they replace.

Effective immediately, new positions are only available on the new pairs.

Avatrade Clients will not be able to open new positions on the old assets, but those already open will remain unaffected until July 29th.

Existing positions on XRP, ETH and Litecoin-mini that remain open on July 29th will be automatically replaced with corresponding positions on the new pairs, , at the same opening price and at no cost to clients.

as any broker that values their clients would do , Avatrade makes sure that the clients will not be affected by the change.

Visit Avatrade NOW

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Neteller Launches Cryptocurrency Exchange Service

Neteller Launches Cryptocurrency Exchange Service

Neteller  one of the most known Digital fiat currency wallet provider , has started allowing its users to buy, sell, and hold cryptocurrencies including BTC, BCH, ETH, ETC, and LTC.

They do this on the large scale with a pilot in 10 countries and soon another 50 countries to join . They understand that if you do this effort it will only succeed if you can do this on a global scale.

Neteller and Cryptocurrencies

Neteller is a service which is operated by Paysafe Financial Services Ltd.,

paysafe

paysafe

founded in 1999, Paysafe Financial Services entered the market with the mission to provide an online alternative to the known traditional payment methods.

Most of the traders aiming us now neteller as one of the companies through which we made our deposits and if we had any profits also our withdrawals. A couple of years ago they left the Forex and Binary industry behind since the charge-back issue became just too expensive.

But as any companies knows, if you do not adept you die. The binary option market is all but dead and the Forex industry has moved also into the directions of the cryptocurrencies. thus, neteller understands that this is where the future is.

So Lasts week they announced that they are now offering a wallet with buy and sell cryptocurrency options.

As of today, Neteller users can buy, hold and sell cryptocurrencies via a recognized cryptocurrency exchange including bitcoin, bitcoin cash, ethereum, ethereum classic and litecoin, purchased using any one of 28 fiat currencies available in the Neteller wallet.

It may not seem so exciting but for many users that love this service it actually is. More and more currencies will be added making them an true exchange in the near future.

Now one is able to fund their neteller account through many different means (Mobile, Epay, Paysafecard, local bank deposits, and bitcoin)

We think that will make the threshold for many people, who would want to buy or sell cryptocurrencies, lower. This in return is a good thing for the overall acceptance of the cryptocurrencies in the mainstream of every day life.

Conditions for buying and selling cryptocurrencies through Neteller

The rates offered are somewhat in the lower middle of the current market making them go for the save route. The average market rates on the major cryptocurrency exchanges differ all in all not that much anyways, as this is not the main reason to choose to buy Bitcoin through Neteller

The minimum cryptocurrency purchase or sale amount is “approximately equal to 10 EUR,” the firm clarified, adding that the maximum amount depends on the transaction limits associated with each account.

When You open an account with Neteller you have to choose your default currency. This is of course for most people in accordance on their geographical locations, people in Britain will go for the pound most Europeans go for the euro and pretty much the rest of the work goes for the US Dollar, thou other currencies are available

The fee is 1.5 percent for purchasing and selling cryptocurrencies from wallets with EUR or USD as the default currency.

The fee rises to 3 percent for wallets with other default currencies.

Neteller  | Why is this a good move for neteller and one that we should expect from other online Payment providers as well ?

At this moment till last week Neteller users can pay, get paid on thousands of sites, and send money around the world through their system.

The company claims to have “millions of point-of-sale, ATM and online locations” for users to withdraw or spend their cash.

Last July 25, Paysafe ( which as you remember is the company that owns Neteller and Skrill)  announced that another digital wallet provider in its group, Skrill ( formerly known as moneybookers), started allowing customers to “instantly buy and sell cryptocurrencies, including bitcoin, bitcoin cash, ether and litecoin, using any one of the 40+ fiat currencies available in the Skrill wallet.”

We could now see that this was like their test run on this concept.

We do not know the numbers that Skrill produced since they offered this service but it must have been encouraging enough for Paysafe to include their flagship brand in this endevour.

We will see where this leads but we are hopeful that this is the next step in global acceptance to the cryptocurrency revolution. Let me know what you think

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The basics of trading that one should know

The basics of trading that one should know

Things you should be aware of before you start

The currency trading industry and now also the cryptocurrency trading industry have gone through enormous volatile times the last couple of years. Now with trump and its trade wars. The fast rise and somewhat recline of the cryptocurrencies and the fast pace of international politics and economies that create high rises and steep fall of the currencies.

So what does it all mean and what can you do before start to trade on these news headlines.

Good brokers like LegacyFX and UBCFX provide the traders with the latest market news and updates on a continuous basis but if you are new to trading you still have no idea what to do with this.

You start by understanding that the involves a high degree of risk, including the risk of losing you hard earned money. Besides the ones that were lucky enough to have bought Bitcoin a couple of years back and cashed in in the end of 2017, most people don’t get rich overnight.

You have to understand that you only trade with money that you are able to lose, going hungry because you want to open a trade is not the right wy to go about it.

So, What is Forex?

You should by now understand that the value of currencies goes up and down every day.

This in general becomes apparent the moment you go on vacation and what you bought last year with your money now is not the same amount you get today at the exchange.

This is on a large scale, what a lot of people do not know is that there is a foreign exchange market – or ‘Forex’ for short – or “FX” for even shorter, where you can potentially make a profit from the movement of these currencies.

The most known Trader is George Soros who made a billion dollars in a day by trading currencies. This is of course on a scale that we are not able to reach and you need a huge amount of money to begin with. Still he made a billion in one day!!

The internet has played a huge part in making trading in currencies accessible for the masses. You also do not need huge amounts of money to actually do this. Now keep in mind that if you make 10% profit on your investment but the investment was just $50 you basically just end up with $55. still no bank will give you 10% interest on your money.

Many people and I am talking millions are now trading every day, most do this on the side and don’t do this as a full-time job, but there are today enough people that are full time traders and making enough money to live comfortably.

Retail forex market needed Brokers

The Forex market for the retail market was born, it started around 15 years ago to become more serious as technologies advanced and the stream of information became almost instant, this is important for trading as one second can make the difference between profit or loss.

So, the moment the technology was there the people that wanted to trade were there all that was needed were the Forex brokers that offered the platform for trading.

There are latterly hundreds of companies of not thousands that offer this service and there are good ones like LegacyFX and there are scams (these tend to not last long)

Forex explained in short

The Forex market is the largest financial market on the planet and has been for many years now.

Its average daily trading volume is more than $4 trillion. (just let that number sink in for a second). Of this total amount around 5% is the retail market meaning traders like you and me. Still 5% of 4 Trillion is still a number with a lot of zeros behind it.

If you compare that with the New York Stock Exchange, which only has an average daily trading volume of $55 billion. You truly see the size.

To give you another example:

if you were to put ALL of the world’s equity and futures markets together, their combined trading volume would still only equal a 25% of the daily Forex market. Insane right?

Why does this even matter?

It matters because there are so many buyers and sellers that transaction prices are kept low. To explain how trading the Forex market is different than trading stocks, here are a few major benefits.

  1. Most Brokers don’t charge commissions – you pay only the bid/ask spreads.
  2. There’s 24hour trading – you decide when to trade and how to trade.
  3. You can focus on your currencies and become experts in only those pairs that you follow instead of following and selecting out of 5000 stocks
  4. You can trade on leverage, (something to be very aware of as it can magnify potential gains but also your losses).
  5. Forex is accessible for almost everyone– you don’t need a lot of money to get started
  6. In the Forex market you can trade on Demo accounts to learn before you commit your money

How is Forex traded?

The mechanics of a trade are virtually identical to those in other markets. The only difference is that you’re buying one currency and selling another at the same time.

This is also the reason as to why the currencies are quoted in pairs, like EUR/USD or USD/GBP.

The exchange rate represents the purchase price between the two currencies.

Example:

The EUR/GBP rate represents the number of GBP one EUR can buy (relevant now with all the Brexit issues going on) . If you think the Euro will increase in value against the British Pound, you buy Euros with British Pounds. If the exchange rate rises, you sell the Euros back, and you cash in your profit.

Now the same works for strading Bitcoin, ethereum, Litecoin or other cryptocurrencies. this has become an entire new market and has introduced many people to Forex . you should here be also aware that trading cryptocurrencies is like regular trading so you will be able to lose great sums of money.

the Best thing i found about trading cryptocurrencies is that the Leverage by default tends to be very low which makes the risk of losing it all much smaller.

Sounds simply enough?

Why does not everyone Trade.

The same could be asked as to why not everyone plays poker, you can make money. The comparison between the 2 is actually closer than you might think.

All traders that are successful will tell you that 80% of successful trading is psychology and the other 20% is research. It takes time to get the research down, but it can take a lifetime to master the psychology.

People tend to do things differently when real money is on the line and are accepting losses in the hope that the trend will reverse or taking out profit too early because they don’t want to lose what they just have gained. In short, the psychology is the hard part.

One should be aware that you can loose real money and a lot of it very fast if you don’t know what you are doing.

Now most Good Forex brokers offer some educational tools, some more than others that will teach you how to trade. There is also something that is called social trading that will allow you to follow other traders and see what they are doing in order for you to learn and make money at the same time.

So here are some ground rules for those that look to start trading

  1. Get involved in the market, watch read and listen to the news to understand what is happening
  2. Go through a trading course ( a good one is here)
  3. Open a demo account and trade at least a month (my advice to do this even longer)only on this before you even think about trading with real money.
  4. Check out social trading, there are some options for this, this broker offers this also.
  5. Try with an amount that you are able to afford losing. See this as your tuition money.
  6. Take it slow, don’t become greedy and follow the basic rules

Basic Rules (there are many more but start with these)

  1. The trend is your friend
  2. Don’t add money to a losing position
  3. Don’t trade on too many different currency pairs
  4. Trade only with a good broker
  5. Don’t open to many positions (no one needs 100 positions a day)
  6. Develop your strategy and stick to it.
  7. Know that NO ONE is 100% of the times right, everyone loses some.
  8. Last but not least, don’t trade with money you cannot afford to lose.

Now all that I want to say is good luck.  😊

 

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