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Why day trader can't use any brokers out there?
Another important point about day trading is the right broker because not all brokers are ideal for day trading due to the high volume of trades involved. In this case, traders have to carefully those who have platforms built to cater to the needs of day traders, advanced charting tools, and make it possible to place and modify complex orders in quick time.
This is why brokers with high speed, low costs of executing trades, and reliability are more suited to the high volume trades that are constantly seen with day trading.
Continue Reading at Is IC Markets Good for Day Trading?
Why does a broker reject your withdrawal request?
Legitimate brokers may decline withdrawal requests if traders have an ongoing trading position, often called a floating position. Additionally, many brokers prohibit withdrawals with floating positions because removing funds can significantly reduce the free margin in your account, leaving you more vulnerable to a Margin Call (MC).
Continue Reading at Top 3 Forex Broker Rules Most Violated by Traders
How do brokers get their income?
There are various ways a broker can get their money. Here are some of them.
- Spread
- Trading against the client
- Commissions
Continue Reading at Trading Commission Based on Forex Broker Types
Why do brokers usually not attach bonus withdrawal requirements?
Brokers usually do not attach specific requirements for the withdrawal of bonus profits because they are purely derived from the trader's hard work.
So if you focus on withdrawing this bonus profit, you will benefit more because you can make a profit from the extra money and not be burdened by the obligation to trade some ridiculously huge lots.
Continue Reading at How to Avoid Bonus Withdrawal Problems
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