brendonyongwengsiang

 Scalping is a forex strategy that is implemented by many traders. It is believed that this strategy can help you earn a lot by investing a short duration of your time. However, the downside of scalping may not be known to everyone. Even though its downside is not major, knowing it can help you understand the implementation of this strategy in a better way, as is suggested by Brendon Yong .   1. Comes Associated with Risks   The scalping strategy may not be considered negative but challenging. A part of the challenges brought about by this strategy is inclusive of risks. Indeed this strategy can help you accumulate large profits and that too in less time, however, risk will always be associated with these profits. If you can get a hold of these risks and develop the skills to manage them, then you will be able to convert this downside into a positive one.   2. Limiting the Choice of Currency Pairs When you choose to adopt the scalping strategy, you will b...

Foreign exchange is a financial market that can provide you with limitless possibilities to earn. For earning via trading currencies, you do need to develop certain familiarity with the market. A demo account can help you do that. If you are using this account or you will be using it in the future, you may wish to know till when you should use it and access a live account for making real profits. This is exactly what we'll be discussing today.   Indicators to Find out When to Stop Using a Demo Account To begin forex trading, a demo account can give you a tour of what a trading platform is like. It can work as your partner and lay the foundations of your experience in the market. If you're completely new to forex and market operations, then such an account is exactly what you need as a beginner trader. Brendon Yong Weng Siang explains that while you start your journey in forex with this account, when you have gained the basic knowledge of the market, you can hope to switch...