Hi Guys, I am Newcomer here

[saungary]

Guys, I am starting in the forex market but I heard a lot of myths about forex market like most of the platform manupulate the things in demo account and in real account things go another way what u guys think about it? where I can start my first demo account and which content should I follow in the forum

[TheodoreThring]

Welcome to the forum, @saungary

@saungary

most of the platform manupulate the things in demo account

I think you must mean “brokers,” not “platforms”? They’re very different things.

The only “platform” to avoid, in that context, is the one called MetaTrader 4, because there’s a thing called the “dealer plug-in” available for it, which was invented specifically for crooked, unregulated brokers to be able to manipulate the prices against their customers. Beware of brokers not offering you a choice of platforms (most do) but forcing you to use MetaTrader. That’s a very, very bad sign.

CTrader and TradingView are both much better platforms. There are others, too.

@saungary

where I can start my first demo account

The only really important thing is by which regulator your account’s regulated. Getting just that one thing right gives you probably a 95%+ chance of avoiding serious “honesty problems” with brokers as the properly regulated ones can’t get away with anything underhand or crooked.

The “proper regulators” are the UK’s FCA, America’s CFTC and NFA, Australia’s ASIC and all the European Union approved regulators. Those are all legitimate ones, so there are hundreds and hundreds of decent, honest brokers to choose from, and almost all will offer you a choice of platforms from which to trade.

Here are a few posts which will really help you a lot (click on the green words to read each post) -

Hi Everyone, I am switching to forex

Welcome to Babypips, Lewis. Switching from crypto to anything sounds like a good move to me. I think you might mean “broker,” when you say “platform”? (2 very different things!). UK regulation by the FCA is the very best (for customers) and you don’t need to be either British or UK-resident for your account to be protected by both the government-backed funds-security guarantee and the financial ombudsman service, both free if you ever need them. But any broker that’s regulated…

Am I missing something? Wake me from my trading dream!

Maybe. But misunderstandings are rife, and especially different brokers (among the ones who talk in terms of “units”) can use that term differently. But first: welcome to the forum! In a sense, that could end the conversation, right there. But that would come across as both rude and unhelpful, so we’ll doubtless try to do better. The big important point (and it’s really a hugely important one, that eclipses everything else you’ve mentioned and asked about) is that a broker offering 1:200 le…

Is exness a good forex broker?

Hi and welcome to Babypips - I’ve moved your thread from “Beginners Questions” to “Brokers”. To answer your question: it depends which branch, which of their separate-entity companies holds your account. As with many brokers that size, they have several legally separate companies regulated in different countries. Don’t make the mistake of imagining that “if one’s ok they’re probably all ok.” That isn’t how it works (and that’s actually why they do it this way!). From your perspective, just ab…

Which Investment Platforms Should Be Avoided? Share Your Experiences

That’s very, very difficult to do, because the “review sites” are actually affiliate link-farms, and in forums many “recommendations” come from members who are paid by bad brokers to recommend them. Even “Trust Pilot” is completely unreliable. Companies can pay for good reviews and have many bad ones removed, there. So most information’s very unreliable. One good way to “play it safe” and minimize the chances of problems (especially withdrawal problems) is to use only an account that’s regul…

Is There a Quick Way to Screen Brokers? Got Scammed After Switching

Commiserations! And thanks for posting it, anyway: the more people see about these things, the fewer people fall into these traps in future. So there’s that. Actually yes! Quick but pretty reliable at avoiding problems: before sending a penny, you need to check that your account (“your account” not just “the broker”) is. regulated by an official regulator in North America, the UK, Switzerland, a European Union country or Australia. Simple. There are hundreds of de…

That’s enough to start you off!

@saungary

which content should I follow in the forum

The important thing is to read through the (free) lesson of the School (link below), not only because it’s very good content and all free, but because reading it will enable you to formulate the questions whose answers will help you most!

Learn Forex Trading at School of Pipsology - Babypips.com

[Ifx78]

Demo account and real account are on different servers, so it is possible to face different conditions. Real accounts may face a little bit more challenge

[AmaraXanthe]

@Ifx78

Demo account and real account are on different servers

Only sometimes: it varies from broker to broker.

[Statistyx]

@AmaraXanthe

it varies from broker to broker.

Exactly, and it’s one of the things you can check with the broker before opening an account. Little known “trick”!

Given that part of the purpose of using a demo account is to get familiar with the broker’s policies, procedures and rules (so you don’t need suddenly to do that at the same time as starting to risk your money!), it’s worth checking on this point, too.

Some well-regulated brokers will guarantee that your demo and cash server will be the same.

Many won’t, and will try to fob you off with some stuff about “needing to keep all their demo accounts on the same server”. You might want to avoid those.

[ria_rose]

Welcome welcoooome! I see lots of helpful threads and resources have been shared here so I hope you give those a read. I trade with FXCM now though so maybe that’s another option! Good luuuuck.

[Ifx78]

This is interesting stuff. Most MT4 platforms use a different server with a unique name. But not in MT5.

[Aryan.Forex]

My broker is TMGM. because first of all have many good trade idea and some times has live trade with a strong team.
and share the economic calendar and news. moreover copy trade is available on it

[TYGMedia]

@saungary

where I can start my first demo account and which content should I follow in the forum

Hi @saungary,

Welcome to BP. Hopefully you will find thing you need to start your journey.

Look for regulated broker will be safer (not 100% guaranteed also).

Here are some of brokers I am using. Use only MT5, it will help you filter out problems.
The rest have been told by others …

[samewise]

Welcome mate. Why not get both types of accounts. Put a small amount of real money in the live account, and then trading both exactly the same way. Then you can figure out what’s being manipulated.

Good luck. There’s so much to learn!