HeavLeighGill26's Posts - Page 5

Leverage in New Traders Sep 22, 2022 at 16:01

AndrewMcCalam54 posted:right now i am using 1:100 leverage , even though its very small ratio but it contains very small risk ratio. [/quoteApparently a lot of experts stick to 1:100 leverage as well, so even though it could be considered small, I think it's a wise choice. Nice to have the option to go higher, but it isn't always the best case to do so.

How can we find a reliable platform? in New Traders Sep 22, 2022 at 15:59

First of all, regulation doesn't = safety like people think and big regulated brokers have screwed people over in the past. Second, this isn't good advice. Just picking any old broker is reckless. I've read countless scam reports where people have lost thousands of dollars because of this mindset that they don't need to put effort into picking a broker and that any of them will do. Reputation and user reviews are important, but different brokers also have different prices and conditions that need to be compared to fit everyone's needs. It's kind of like shopping for car...

Forex spreads in New Traders Sep 22, 2022 at 15:52

I get what you're saying, that's why I've always preferred trading on commission free account types.

NEW TO TRADING in New Traders Sep 22, 2022 at 15:47

The Babypips website helped me a ton in the beginning.

Best Broker for a Newbie in New Traders Sep 22, 2022 at 15:46

Agree that having the option for a low deposit is a big perk to beginners. Always heard EagleFX and Coinexx were really good.

Time and pracrtice. in New Traders Sep 22, 2022 at 15:45

Your answer is really accurate. Everyone is different and learns differently, so the amount of time definitely depends on that. None will learn in a day and it's more of a long-term goal, but everyone learns at their own pace.

Demo Trading Advantages in General Sep 22, 2022 at 15:17

I've always felt like demo accounts are the best tools for beginners. Not only are they free, but they offer a learning experience you can't get anywhere else other than trading live with real money at risk.