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asidefellow
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asidefellow
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How much should you invest in trading
in
General
May 07, 2021 at 12:09
Even if you go with a standard account, you can still manage to trade mini or micro lots. Going for a micro account with as low as $100 is okay too if a newbie just wants to practice. There is no such set limit with them and it totally depends on the trader. Like when I started trading, I went with 2 accounts - demo account for practicing strategies and micro account for practicing them in live conditions. This allowed me to focus on managing risk at a small scale without worrying so much about losing a high amount.
How much should you invest in trading
in
General
May 05, 2021 at 11:29
Surely starting small is good for those who are still at the beginner level. It’s fine for familiarizing themselves with the concepts and terminology.
Withdrawal issues!
in
New Traders
Mar 25, 2021 at 11:29
Are you sure buddy? Because I am trading with a non-regulated one and I didn’t face any problems nor do they charge me extra for anything. Moreover they don’t put any restrictions on me for the kind of strategies to use.
Big news and requotes
in
New Traders
Mar 13, 2021 at 13:19
In my view the trading cost comes out to be lower with ecn brokers - who charge like a minimal commission, than the ones who mark up the spreads. I have used stp accounts, commissionless (supposedly) brokers, but I found that I was marginally saving a bit extra with brokers who charged less than $5 (average) per lot.
Big news and requotes
in
New Traders
Mar 08, 2021 at 13:16
As a trader, I try my best to avoid wasting my time on issues like requotes and slippage. Somewhere, I think that a bad connection with your broker can be a reason for such issues. I truly believe that a trader must think about the quality of connection well in advance. This is the reason why I chose to trade with pepperstone. It was only after demo trading with them that I got to know how to save myself from opposite market situations.
What trade size and leverage to use in forex?
in
Experienced Traders
Feb 22, 2021 at 13:29
That’s what I would suggest to our friend Kyle also here. Try out different plans, test them out and make for yourself a strong trading plan which should consist of a) entry and exit signs, indicators, reward to risk ratio, leverage, trade size, sl, tp.
What trade size and leverage to use in forex?
in
Experienced Traders
Feb 09, 2021 at 11:05
You can, only if the brokers are running contests. There are few who do that but majority brokers avoid spending so much money via bonuses.
Not a good idea to follow many pairs
in
General
Feb 06, 2021 at 11:45
That’s what I am saying. When you can test the market with a single pair, there is no need to risk a lot of money and trade several pairs that may cause confusion. Like I started to trade EUR/USD with Fxview and Hotforex. With time, I have increased the number of currency pairs I trade and have also been making some nice returns.
What trade size and leverage to use in forex?
in
Experienced Traders
Feb 06, 2021 at 11:13
I also benefited from the demo account. Got a good idea of how the price action develops and the inherent risks of leverage along with the idea of correlations between the currency pairs, also how market hours and assets change the volatility.
Not a good idea to follow many pairs
in
General
Feb 05, 2021 at 10:13
I completely agree with you. You don’t need to trade numerous pairs in the beginning just to lose your money because you need to focus on the currency pairs while trading to make profits. It’s better to test the market with a single pair and trade more with time and experience you gain.
What trade size and leverage to use in forex?
in
Experienced Traders
Feb 04, 2021 at 11:18
@Fafduplesis It's simple really. When you suffer a loss while using high leverge, the loss in the trade would be totalled according to the leverage ratio. If the leverage is very high the trader would take high risk. For example a trader took 50 times the real leverage on his 10,000 dollars capital, the trader would short/long 5 lots of the currency.
What trade size and leverage to use in forex?
in
Experienced Traders
Feb 03, 2021 at 10:14
You can trade whichever lot you want, just remember to keep leverage at bay. That way you will keep yourself safe in the long run.
What trade size and leverage to use in forex?
in
Experienced Traders
Jan 28, 2021 at 11:19
If they are working well for you and you are comfortable using them then why not?
What trade size and leverage to use in forex?
in
Experienced Traders
Jan 27, 2021 at 10:27
Practice thoroughly your risk management on a demo account and then only use leverage. And start small.
Looking for Broker
in
New Traders
Jan 13, 2021 at 09:08
You can look for some regulated brokers and that way you might feel somewhat safe regarding your investment. Keep learning and try to stay focused. Good luck.
newcomers trading habit
in
New Traders
Jan 13, 2021 at 09:02
Yes, it is highly important for traders to focus on their risk management. This helps in increasing their prospective profits and reduces the risk.
What is your trading strategy ?
in
New Traders
Jan 12, 2021 at 08:55
Selecting a trade strategy is an important step in forex. Every trader has to work with a strategy and make profits using it effectively.
Newcomers and their greediness
in
New Traders
Jan 12, 2021 at 08:53
Greed and emotions are two things every trader should stay away from while trading. They can ruin a prospective opportunity easily.
Best currency pair for trading
in
New Traders
Jan 08, 2021 at 09:36
You can probably look at USD/CAD, GBP/USD, AUD/USD, etc. Try to stick with some major currency pairs in the beginning.
Best currency pair for trading
in
New Traders
Jan 08, 2021 at 09:35
You can probably look at USD/CAD, GBP/USD, AUD/USD, etc. Try to stick with some major currency pairs in the beginning.
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