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What's the criteria for good day trading broker?
Ideally, a broker that is good for day trading should offer trading tools and reliable market execution. These conditions will ensure that traders are well-equipped to come up with potential entry and exit points for their trades that will increase their chances of making profits. The ideal broker should also be well-regulated and fully authorized to operate in whatever country they are located.
Continue Reading at Is OANDA Good for Day Trading?
What are the benefits of a fixed spread broker?
The advantages of trading with a fixed spread include:
- Stable spread cost, which allows for more reliable money management strategies.
- Easier calculation of potential profit and loss for each trade, providing a clear estimate of the spread cost.
- Protection from extreme spread widening during periods of high market volatility.
- Enhanced compatibility with trading Expert Advisors (EAs), and automated trading systems.
- Suitable for beginners who may not be comfortable dealing with fluctuating spreads, aiding in the learning of money management techniques.
Continue Reading at ECN vs Fixed Spread, Which Type is Better?
How to find out if my broker manipulates swap fee?
First, you can review the comparison between the broker's swap rates and the actual differences between the central bank's benchmark rates. If the comparison is not too drastic, then it can be concluded that your broker doesn't manipulate the swap rates.
However, if it is too extreme, this could be a sign that your broker is taking too much profit from overnight positions.
Continue Reading at Forex Broker Cheats and How to Anticipate Them
What brokers are considered good for Indian traders?
These brokers have been selected based on a comprehensive analysis of various factors, ensuring they provide a well-rounded and beneficial trading experience for Indian traders:
- Interactive Brokers: Has a physical office in Mumbai.
- Exness: Support Hindi language.
- XM: Support local bank transfers.
- Admirals: Has local phone number and e-mail.
- FP Markets: Support deposit using INR.
- HF Markets: Offer promotions and bonuses for Indian clients.
Continue Reading at Top Forex Brokers in India
