Three Keys A Naïve Trader Should Know To Succeed

Discussion in 'General Trading Discussion' started by Adam Smith, Mar 23, 2018.

  1. Yordan

    Yordan Member

    Joined:
    Feb 2019
    Posts:
    16
    Likes Received:
    0
    For me I would rather choose a broker that is credible and trusted than one regulated and still messes up with your precious funds.
     
  2. Andris

    Andris Member

    Joined:
    Feb 2019
    Posts:
    6
    Likes Received:
    0
    Am sure no trader who be that dumb not to know the agencies regulating the broker they are trading with. Forexchief is regulated by Ministry of Finance and Economic Management (Vanuatu), 14777. And also they are licensed in South Africa and Switzerland.
     
    Last edited: Feb 21, 2019
  3. Duong

    Duong Active Member

    Joined:
    Feb 2019
    Posts:
    28
    Likes Received:
    0
    It's not really about the regulation, but the sense of security one gets when he knows a broker is regulated. Wish we get that security for real.
     
  4. tradermuslim

    tradermuslim Member

    Joined:
    Dec 2018
    Posts:
    16
    Likes Received:
    0
    It's not like they are entirely good, but at least you get this feel that someone is watching the activities of the broker and that might likely keep them on check.
     
  5. Andris

    Andris Member

    Joined:
    Feb 2019
    Posts:
    6
    Likes Received:
    0
    Yeah, that's the only advantage I see in this whole regulation thing. Honestly what good has it done so far, looking for a credible broker from the beginning is paramount.
     
  6. Duong

    Duong Active Member

    Joined:
    Feb 2019
    Posts:
    28
    Likes Received:
    0
    Some value regulation more than anything, maybe traders who have benefited from regulatory bodies should drop there comments here.
     
  7. Yordan

    Yordan Member

    Joined:
    Feb 2019
    Posts:
    16
    Likes Received:
    0
    Maybe, but you hardly hear of brokers who were sanctioned or stuff like that by these regulatory bodies.
     
  8. longtermbull

    longtermbull Administrator Staff Member

    Joined:
    Nov 2016
    Posts:
    1,296
    Likes Received:
    20
    The best advice I could ever give is:-

    A profit is only a profit when the asset has been sold :)
     
  9. tradermuslim

    tradermuslim Member

    Joined:
    Dec 2018
    Posts:
    16
    Likes Received:
    0
    True, but no one can assert that they've made profit if otherwise is the case. Or can they?
     
  10. gowiththeflow

    gowiththeflow Senior Investor

    Joined:
    Jul 2017
    Posts:
    694
    Likes Received:
    8
    A paper profit is worthless - until you have it in the bank it means nothing. Fear and greed - the main challenges for all investors.
     

Share This Page