Q&A

How do I know if a trader is legit?

How do I know if a trader is legit?

You can find out if brokers are licensed in your state, if they’ve had run-ins with regulators or received serious complaints from investors. Go to finra.org/investors and click on “FINRA BrokerCheck.” Or call 1-800-289-9999.

Which type of mistakes the trader do?

15 Common Trading Mistakes to Avoid for All Traders

  • Trading without a trading plan.
  • Trading too much, too soon.
  • Emotional trading.
  • Guessing.
  • Not using a stop-loss order.
  • Taking too big positions.
  • Taking too many positions.
  • Over leveraging.

What’s better TrustATrader or Checkatrade?

TrustATrader is a site that was set up to compete directly with Checkatrade. While they have less advertising, they have a better reputation with Trustpilot. So you might get fewer leads, but the leads you get should be more solid. Like, Checkatrade you pay a subscription to set up an advert page.

READ ALSO:   How difficult is it to climb a mountain?

Which trading platform is legit?

Comparison Table of best forex trading platforms in Nigeria

Forex Broker Forex Trading Platform(s) Start Trading
FXTM MT4, MT5, Webtrader get started
Hotforex MT4, MT5 get started
OctaFX MT4 (with Micro account), MT5 (Pro account) & cTrader (ECN account) get started
XM MT4, MT5 get started

Can a broker call out a trading educator as a fraud?

It’s not easy for a broker to call out a trading educator as a fraud or a phony. You must understand, they rely upon each other. It is a symbiotic relationship. The broker, although he hates the scammers, he also relies upon them for the opening of new trading accounts.

How to become a successful trader?

You do not first become a successful trader and then become a successful or happy person. In fact, you must first be a successful person, even if you’re mostly faking it, in order to become a successful trader.

How to avoid over-trading in trading?

For a trader, you must be committed to properly following your trading plan and ignoring the near constant urges and temptations to over-trade and over-leverage your account. However, sadly, most people can’t ignore the siren call of “get rich quick” and they give in, only to blow out their account as a result.

READ ALSO:   What happens when you get a publishing contract?

Is day trading futures for Suckers?

But it’s true — day trading Futures (and stocks) is for suckers. And I have proof. Yeah, I know this headline is going to piss you off. But it’s true — day trading Futures (and stocks) is for suckers. And I have proof. About Trading Schools.Org Review Team Warning Do you need a product review? Menu Day Trading: Its for SUCKERS. Here’s the proof.