Licenses And Regulation

Discussion in 'General Trading Discussion' started by Benigna Mazzi, Sep 27, 2021.

  1. Benigna Mazzi

    Benigna Mazzi Senior Investor

    Joined:
    Jul 2020
    Posts:
    338
    Likes Received:
    5
    Forex is a decentralized global market. Licenses and regulations are important before choosing a good broker in forex. That is the principle of a profitable trader. In my case, my broker Eurotrader has helped me a lot to make a profit on Forex trading. The broker also gives leverage 1: 500, tight spread, and much more.
     
  2. Lisa Maria

    Lisa Maria Senior Investor

    Joined:
    Jan 2020
    Posts:
    346
    Likes Received:
    1
    Traders use support and resistance level to find the possibility of where the price will reverse or go long. Traders also use the level to set proper SL and Tp. It is important to know those levels well to trade effectively in trading. I am also a forex trader; I also learn about the level from Tpglobalfx free educational courses which can take all kinds of traders in the market.
     
  3. mikenovo

    mikenovo Senior Investor

    Joined:
    Aug 2021
    Posts:
    62
    Likes Received:
    0
    I agree, it's important to pick a properly regulated company. They are much safer to use than the unlicensed ones.
     

Share This Page