I just joined myfxbook and linked it to my account that I've had for a few months. My goal is to have simple, solid growth. Nothing crazy or fancy. The first month and a half I was using too much leverage and had a bigger drawdown in equity, but since then I've corrected it and things have turned out nicely so far. Any feedback is appreciated.
Also, to those who are providing AutoTrade - what kind of volume are you doing? The example on the FAQ give a hypothetical $26,000 a month! Is that realistic? I guess I'm just trading with a much, much smaller account.
HIGH RISK WARNING: Foreign exchange trading carries a high level of risk that may not be suitable for all investors.
Leverage creates additional risk and loss exposure. Before you decide to trade foreign exchange, carefully consider your investment objectives, experience level, and risk tolerance.
You could lose some or all of your initial investment. Do not invest money that you cannot afford to lose. Educate yourself on the risks associated with foreign exchange trading, and seek advice from an independent financial or tax advisor if you have any questions.
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