Rules to follow starting out so you don't get scammed - These are important as this is where most fail with signing up to a new broker.
Rule #1 - Never invest money you can't afford to lose.
Always mind it that never invest of your full amount. You need to think like a business man not think like a gambler. Example: If you have $100000 then you would not invest $80000. Then if you lose then it'll be very difficult to recover the money.
Rule #2 - A broker makes money when you loose, just like a sports book.
Broker Never loses their money if your trade profit or lose. No, a broker does not lose any money when clients earn profits because the broker is not the counterparty! When you trade on the exchange and you earn profits, the counterparty to your trade loses.
Rule #3 - Never allow a broker to trade for you. Remember Rule #2.
Rule #4 - Start trading with a demo account first to prove viability and learn how to trade.
At First try to start trading by your Demo account. Because by the practice on the Demo account you gather the knowledge about how to trade on this platform. So Mind it that never go to Real account first time.
Rule #5 - If a system/software/bot/trader requires you to deposit/use real money don't do it. It breaks Rule #3.
Also mind it that market always not going same logic. it's depends on so many option of the market. So if you use any auto software/bot for trading then the possibility of lose you money 80%~90%. Because Market moving depends on it's Sellers and Buyers.
Rule #6 - Never accept a bonus that requires turnover and traps your money from being withdrawn.
There are so many scammer on this platform. So always judge about before you invest or not.
Rule #7 - Always trade a percent of your account, a small percent to manage risk and maximize profits.
Already share how you need to trade. You always use small amount of your total balance. Example: If you have $100000 then you can invest $100. That's mean 1%~2% of your total amount. So that if you lose then you can recover them upcoming trade.
HI,This is IQO Trader. My Name is Rajib Sarker. I'm Trading last couple of Years. For More Details Visit About Us .
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