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Trading name for the GCB (General Capital Brokers Ltd), T1Markets is a completely regulated and authorised broker, regulated by the CySEC(Cyprus Securities and Exchange Commission).Since there are regulatory constraints on the broker, it offers segregated trading accounts and also, negative balance protection.
The leverage provided by the broker is kept at 30:1 for the retail clients and 1:500 for the professional clients.
The broker offers three different trading accounts for the traders to use.
These are The Silver account, the Platinum account, and the Gold account.
All three accounts come in with the benefits such as the provided functionality to access to swap accounts, videos, webinars, etc.
T1Markets has a strict no-no policy for commission-based trades and the spreads are kept at a bare minimum.
In short, Forex trading is not something that you can learn within a week; it requires a dedication you need to show for months, and in some cases even years.Before you begin with something new, you need to learn the fundamentals.
Here we are sharing some Forex trading tips that every beginners must consider before trading the currency pairs:Know the marketA person must not underestimate the importance of educating himself about Forex trading.
Take your time, study about currency pairs, risk associated with the capital; this time investment can help you to save a good amount of money.Stick to your planCreating a trading plan is a crucial aspect of successful Forex trading.
Focus on your profit goals, methodology, risk tolerance, and evaluation criteria.
Once you are done with the plan, make sure that you follow the parameters.PracticeTest your plans in the real market conditions to analyze the success.
Doing this, you will get to know what it's like to trade the currency pairs without risking any of your own capital.Keep eye on the market conditionsMost fundamental traders prefer to trade considering the financial and political data, news updates about reading, and technical analysis.
Aside from practicing, you can choose to look for some currency advice and strategies out of the forex broker or currency novels.
Being a trader, you will need to develop your own style and buying and selling thoughts, in the beginning, it can be helpful to have any expert leadership along with recommendations.
Forex is extremely daunting in the early days and some guidance can really support.