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How do I find a forex trader?

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How do I find a forex trader?

Use Google. You can do Google searches to find Forex brokers, but this method might not tell you much about the brokers themselves. Make sure to read all the reviews and try demo accounts to make sure you’re comfortable with a broker before committing a large sum of money to an account.

Who is the best forex trader to follow?

  • George Soros. George Soros studied in the London School of Economics and Political Science and graduated in Philosophy and whilst at school, he started making trades.
  • Joe Lewis.
  • George Van Der Riet.
  • Paul Tudor Jones.
  • Martin Schwartz.
  • Ref Wayne.
  • Stanley Druckenmiller.
  • Alexander Elder.

Are there real forex traders?

Yes—forex trading is a legitimate way of making money. But, it’s not easy, and there are many forex trading systems that are not legitimate—scams—that should be avoided. And unfortunately, many newcomers to forex trading have unrealistic expectations about how it works and how profitable it can be.

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Is Forex com a broker?

FOREX.com is an online broker that can service all types of traders but its emphasis on fast, reliable execution makes it a good fit for the high-volume trader who can earn rebates that would lower their trading costs.

How to start trading Forex for beginners?

If you’re a complete beginner, it might be worth sticking with a swing trading strategy that focuses on major forex pairs. Step 2: Open a forex trading account: Next, you’ll need to open a trading account with a top-rated forex broker. eToro is a good option here.

How to close a Forex trade?

In order to close your forex trade, you need to place an opposing order. For example. if you opened the trade with a sell order, you will close it with a buy order. When large banks and financial institutions trade forex – they typically do so in currency lots. In most cases, a currency lot equates to 100,000 units.

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What is the best free forex trading screener?

Best Forex Screeners. 1 1. Best Overall: TradingView.com. TradingView is a research platform for traders that offers screeners free forex, stock and cryptocurrency markets. 2 2. Best for MetaTrader 4 Users: Multi Forex Scanner. 3 3. Best for Advanced Traders: MT4 Professional. 4 4. Best for Professional Forex Traders: Interactive Brokers.

Is it possible to trade too much in forex?

Professional traders are always aware of the dangers of trading too frequently, they know that it is a very short stretch from entering one too many trades to full-scale addiction to the forex market and to chart watching.