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Author Topic: Forex for beginners  (Read 38717 times)

Online Eliza Abrams

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Re: Forex for beginners
« Reply #300 on: April 05, 2019, 01:12:30 PM »
Also, make sure that the broker you pick is regulated. Don't trust unregulated bucketshops.

Offline FxTS

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Re: Forex for beginners
« Reply #301 on: April 05, 2019, 08:05:46 PM »
For sure, the regulation is extremely important. In fact, the non-market risks sometimes could be even more substancial than those related to price movement. Newbie traders pay attention mostly on trading conditions, not on the regulatory issues. That is why they could start working with unregulated broker just because of lowest fees or something like that. At the same time, such approach could turn into huge financial losses caused by failure of the broker to perform the obligations. It seems better to work with the broker registered in trused jurisdiction like US or UK rather then with the unknown broker from the offshore country just because of the lowest spreads or fees.
Education, Exploration, Experimentation

Online Eliza Abrams

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Re: Forex for beginners
« Reply #302 on: April 06, 2019, 03:28:08 PM »
I made the mistake not to pay attention to regulation as a newbie, never again.

Offline drunkfx

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Re: Forex for beginners
« Reply #303 on: April 08, 2019, 05:42:05 PM »
I made the mistake not to pay attention to regulation as a newbie, never again.

What do you mean by that? What price did you pay? Have you been scammed by your broker?

 

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