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FAQ

Frequently asked questions

What is the Best Time to Trade?


The absolute best time to trade is 3AM for the London session. It always has alot of good movement. If this is too early you can always catch the New York session at 8AM. This is not to say that you cannot trade all day long because you can and still make great money.




What is the Best Recommended Broker?


There are many different brokers. This is the one that I use and their minimum investment is $50, HugosWay. There are some with lower investment amounts as well such as TradersWay.




Best Way To Fund My Account?


Depending on the broker account that you chose, it could be VLoad, CoinBase, or even BitCoin via CashApp.




How Do I Trade With No Commissions Taken Out?


When you join your broker, you want to create a VAR account (which stands for variable) instead on an ECN account. ECN accounts usually require commissions to the broker.




What is a margin?


Margin is the money you need to have in your account in order to secure your open position in a trade.




What leverage should I use?


For beginner trader I'd say between 1:50 and 1:100. For Advanced traders I'd say 1:500. You can practice with any of the above leverage amounts before starting a live account.