I'm not saying they shouldn’t use it at all. Just keep it as low as possible. This will help them understand and know how to handle their trades without risking so much. I dealt with a limit of I:30 with my previous broker and even though my new one turnkey forex offers 1:100, I don't go beyond 1:50. I like having a certain degree of control over my trades and high risks can just mess that up man. And for a newbie, in particular, a huge loss could be really disheartening.
Kazile posted: First, a beginner needs to decide on a broker with whom he will continue his trading, and I do not think that a broker is suitable for both beginners and professionals, due to its conditions.
Yes, that's right. It is never possible to trade without a broker. First of all, I should choose a reliable broker. Then you have to gain knowledge from different websites.
I am new to forex and interested in the autotrading but i can see it needs to be a live account and i cant demo it
Is there people on here that are using the autotrading and if so can you leverage the persons trades that they are making to suit your budget (I.E if you are autotrading a certain person and they put a large trade on it does not wipe your account out automatically)
Any advise on stratagies are also welcome
Kind Regards James
Autotrading is not a good habit as far as I know. The main power is using your own trading strategy and keep continue with your perspectives. So, I personally recommend you set your trading mindset first. If you totally ignore the necessary trading skills and join immediately then Copy Trading seems perfect to you. ForexCopier can give you the Copy Trading possibilities where you can able to trade with multiple accounts.
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