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Dorigda posted: The ability to manage capital and certain skills can make the risks much less, and if you still use good leverage, like the broker Amarkets 1: 1000, then, in principle, there are no problems.
It is ultimately all about risk management. Because I think not using leverage is just playing it too safe, and that can certainly not lead to big gains.
I have actually been concentrating more on trying to find out different sorts of indicators on different strategies. Researching on what works best with what, and what time in the market. I am a very firm believer that it is all about one’s own skills rather than depending on a broker for profits.
williamhayes posted: As I traded in the past, besides the leverage concern, I do assume that some of most underrated tools come in handy to arbitrate your ongoing trades.
Being a FXTM user, I mostly spent my time with: Pivot Point Strategy, Forex News Timeline, Margin Calculator, Profit Calculator and Invest Profit calculator.
@Lorencecolling : just out of curiosity, do you also feel that such tools are helpful in settling your trades to some extent? How’s it with yours, fxview? Would appreciate a reply.
it’s not my bank account password you are asking for so I am all in for sharing my experiences :)
I am more into intuitions and instincts so don’t use them much.
Besides not operating all calculators (commissions, margins, pip values, swap, profit/loss, fibonacci, position sizes, pivot points) I rarely use autochartist on fxview for real time updates when I have my eyes glued to the screen.
Fine tuning my strategies is my only strategy to more successful trades (about 70%).
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.
Any data and information is provided 'as is' solely for informational purposes, and is not intended for trading purposes or advice.
Past performance is not indicative of future results.
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