: Selecting a broker regulated by authorities like the FCA (UK) or CFTC (US) is critical to mitigating counterparty risk.
New traders should begin with a strong foundation in market mechanics, currency pairs (Majors like EUR/USD are recommended for their high liquidity), and terminology such as pips, spreads, and leverage. : Selecting a broker regulated by authorities like
: Maintaining a record of entry/exit points, trade rationale, and emotional states helps identify errors and refine strategies over time. and terminology such as pips
BabyPips is widely cited for its "School of Pipsology," covering market sessions and trading lingo. : Selecting a broker regulated by authorities like
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