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costs in more detail that are
involved when you kind of start
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what we're going to do is we're
going to look at the different
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ring you up with, just stand
your ground, act intelligently,
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as much as possible. So, do not
fall victim to the pressure of
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in the next lesson but be aware
that your broker primarily
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provide a very valuable service
to their clients and therefore
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exist. Now, we're going to
cover the types of broker fees
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also look out for themselves
and they do have a tendency to
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they deserve to be compensated
for their effort but brokers
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traders. They can often resort
to blaming brokers for their
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you you know **** **** I've got
a detailed plan that I ab
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plan. You know, never trade
based on tips or expert advice
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or asking you to deposit more
deposit sooner you know trade
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their interest to have you
trading as soon as possible and
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go on social media or on you
know, some training forums,
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sign up. Uh but anyways dear
they are sort of the key
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offer it from Mac but you know
even that said a lot recently
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in the last few years have made
their platforms available on
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are you on a PC? You know, many
brokers still do not offer Mac
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country and they are regulated
by one of the G12 countries
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subtle infatuations and
resentments. Brokers actually
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push against the edge of
regulation in order to optimize
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adhering to so anyways with
that said in the next lesson
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more or trade sooner you know
just say thank you but no thank
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if a sales person you know
keeps hassling you ring you up
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very low cost that are that
otherwise just simply wouldn't
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is somewhat lower than, you
know, a new kid off the block
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Saxobank for example, the
probability of those companies
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look at any of the big brokers
such as IC Markets, Owanda or
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lack of success. Like you, me,
and pretty much every
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regulators and then you can't
really go to wrong. Now, if you
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you'll see a lot of disgruntled
and sort of naive retail
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their profits. But by embracing
a broker for what it is and by
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and make all trading decisions
as per your predetermined trade
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potentially any sales people
that your broker, you know, may
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traders have access to
incredible opportunities at a
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they're one of the big
companies. They are in your
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broker. Again the main main
thing is just to make sure that
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Mac. Um so yeah definitely just
have a look into it before you
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platforms that a lot of them
have if you you know they don't
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what hours are they actually
open in your local time zone
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requirement of lengthy phone
calls of jumping through hoops
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but it is something that I
would highly recommend that you
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look in for your broker
especially if you encounter a
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apps for the trading software
but you know there are
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years so if you are stuck
designing between two worthy
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candidates I would generally
just keep it simple and go with
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the top brokers do generally
have a twenty-fourfive chat
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characteristics I would
consider when choosing a
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know even get a response from
them check if they have a
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sooner we can transcends
subjective judgement created by
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sometimes up to 1000 to start
with so you know obviously that
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aware of the transaction and
the commission cost of your
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come into play when deciding
what amount of leverage to
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think about initially when
opening up a brokerage account
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with a fake question just to
test how long it takes to you
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account I would recommend that
you call the help desk you know
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size. So choose the broker that
has the largest amount of
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alternatives where you can use
you know high-end web-based
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going under, you know,
obviously it's possible but it
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the large and regulated and and
the reputable brokers. They
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typing in a figure and clicking
literally a few buttons. So all
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simple as literally just
nominating a bank account,
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process is you know just really
simple and elegant. Now
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might be fine for some traders
but not for others now some
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in and who regulates it now for
a full refresher on exactly how
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into account because it does
very dramatic with different
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not really any sort of
particular order of importance.
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to you is you know, definitely
something that you want to take
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withdraw cash that is
rightfully yours that is a sign
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just does not associate with So
fund withdrawal should be as
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of deliberately confusing fund
withdrawal process the
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opening an account actually
suits your budget because there
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broker kind of compare to maybe
other brokers that you're
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looking at now we're going to
cover exactly what these are
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you to deposit your money with
them. Now, the rest of the
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by the financial regulatory
body of any of the G 12
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countries, then it should be
absolutely fine and safe for
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States it's both the CFTC and
the NFA I believe so just
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value now confirm that the
minimum deposit requirement for
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are kind of some brokerage
firms that can require
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later in the next lesson but
generally the lower the cost
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the introductory module so
there are various factors that
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you rewatch the videos in the
risk management module now be
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collectively. So, the leverage
that the broker makes available
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500 to 1 and in some
circumstances I've seen even
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that now there are plenty of
reputable brokers who are
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open an account with that
broker that you're looking at
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brokers ranging anywhere from
two to one all the way up to
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in whatever country state or
province you live in now once
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authority in Australia it's
Asic and then in the United
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locations so the first thing to
check is you know can you even
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choose for your brokerage
account you know such as
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regulated worldwide so for
instance in the UK the
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leverage and margin works I
would recommend that you
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characteristics that we're
going to discuss are listed in
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actually check if they are
regulated by a a decent
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those is sort of any geographic
restriction now what I mean by
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just sign up to the first
random dodgy broker that they
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of the scale they do absolutely
zero due diligence and they
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broker usually a step that you
know on one end of the scale
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financial regulator is called
the FCA the financial conduct
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yeah, as a general rule of
thumb, if a broker is regulated
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research whoever the regulator
is in your own country. So
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regulation you know no matter
what shiny deal that they may
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offer you because you're just
asking for trouble if you do
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wish to consider when you are
choosing one so the first of
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that is it can hugely depend on
where you live in the world
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with in your country then the
next most important step is to
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bit more of a minor reason but
if you are drawing your
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lot easier especially than you
may initially think can be a
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your chart analysis and your
brokerage account completely
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cancel or exit a trade by
mistake so it's just best to
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makes money from your trading
volume. So, it's therefore in
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learning how to operate within
the realm of that relationship,
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or signals you know even if
they're coming from your broker
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what I would do is I would
highly recommend that you keep
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because that's only going to
increase the chances of you
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and narcissistic agendas. So
just the sooner that we embrace
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separate. I wouldn't personally
be tempted to connect my broker
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my analysis on and the reason
for this is primarily because
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when you're in a trade and when
you're looking at your charts
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both polarities that, you know,
permeate everything in the
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you do not want to see your
profit and loss fluctuating
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broker's platform to actually
execute and get into the market
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with and they will provide you
with leverage. So essentially
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successful business on earth,
brokers have both an altruistic
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when a trading setup does
occur, we then go to our
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with access to a platform to
buy and sell currencies and
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charting software such as
trading view which obviously we
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universe, including business
and human behavior, then the
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lot easier to accidentally
alter your trade orders or even
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really doesn't have to be a
complex process but they are
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broker. So a broker is very
simply just a firm that
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sort of brokerage house. Now,
you may also want to consider
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support and you know it has
improved a lot over the recent
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analysis on your broker's
charts it can definitely be a
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brokerage accounts and client
assets under management. If you
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making an emotional mistake
right now another reason it's a
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which platforms your broker
offers. Are you using a Mac or
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customer service is not really
something that people often
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support desk in your country
and if they don't then just see
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problem that you need immediate
help with. So before opening an
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just make sure that you're
happy with it right now most of
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of business operations that you
know the intelligent trader
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will ensure that both the
deposit and the withdrawal
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providing excessive amounts of
personal information just to
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and then manage our our
position and our trades. So,
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know identifying our potential
trading opportunities and then
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your broker is where you will
deposit your capital to trade
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on trading view which is where
we're going to be sort of you
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dodgy and generally unregulated
brokers they may have a a sort
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partitioning and then for a
refresher on these make sure
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right the better just as long
as there is no sacrifice in
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slippage negative balance
protection and capital
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So now we're going to look at
how you can go about choosing a
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executes your trades in the
market. So they provide traders
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to look at trading a live
personal account
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rewatch the video called how to
make money trading effects in
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more than that but it will
depend on what country you are
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There's just some things that
you might want to consider
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just went through in the
previous lesson when and it's
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you've actually found a broker
that you can open an account
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regulator or ideally a
regulator that is in your now
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because some brokers restrict
accounts to certain geographic
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definitely don't choose a
broker that has you know zero
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just you know a few key
characteristics that you may
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we're going to do all of our
analysis on a third party
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on Instagram and get them to
sign up so choosing a broker
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traders either massively over
complicated or on the other end
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keep them completely separate
in my opinion now choosing a
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see on Google or you know
someone trying to hit them up
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to TradingView or even use my
broker's chart for performing
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