First of all find a broker with normal pips, not the stupid 'units' from Oanda. Second: with a leverage of just 1:50 you should start with a balance of minimum 5000, sorry for you. I have some friends from US which are using FXChoice, where the leverage is 1:200, you can try open an account there, thay are serious and can withdraw the profit any time without problems.
Welcome to Forex World. If you want to Forex again, this decision has been much better. Because if you want to expect something good, you have to spend a lot of time behind it. Success does not come overnight. It is a matter of patience. But you have to pay attention to money management. You have to trade at a 1: 2 risk-reward all the time. You have to move forward in the middle of discipline. You can never rush into trading.
Welcome here and I am glad that you are going to start your Forex journey again. Hope this time you will meet more success in Forex trading and will make more and more profit.If you want to be a successful trader than you should develop good skills and learn Forex perfevtly, it will help you in future to trade in real account successfully.
Welcome to Forex World. In my opinion, popular business like Forex is not found in the whole world. You can earn a lot of money by trading here, but you must manage discipline. You cannot trade with a plan that requires a stop loss of more than 2%. Trading is a market of possibilities. It is not uncommon to lose here, so if you want to do it in the market of probability, risk management, money management, these things must be done. You have to be satisfied with the profit that comes from trading.
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.