To all those on here who say that smaller leverages cause more losses for traders I have this to say. I'm a small trader and if I have £100 to spare and open an account with £100 and I'm trading with a higher leverage it improves drastically my chances of making more money, but I also have to understand that I could also lose that £100.
Before Leverage Restrictions were introduced I was learning on demo accounts and did so for several years. I always opened demos with realistic amounts, based on what I thought I would be able to afford should I decide to trade with real money. It is no good opening a domo with £5000 or £50000 if you do not have that amount of money to spare.
I learnt everything I could about the market and technical analysis. Over time I was becoming a better trader and on numerous occasions I was able to turn £100 into £500 etc in just a few hours.
Now if you're trading with real money, you can decide to bank whatever profit you have made at the end of the day or week and start again with £100. Gradually increasing it should profits continue to roll.
The problem with lower leverages is that it's not worth taking a gamble on the news because you will not make big money. Furthermore you have to stay in trades much longer and should trades turn against you, you have to decide whether to stay or go. You can not hope or even have a chance of making a living from lower leverages!
It's a complete waste of time trading with lower leverages. Who wants to look at a screen all day just to see a few quid profit. I'm better off opening an ISA or actually buying shares etc!
Trading throughout the day you feel a part of something, something bigger than yourself, you are a market participant and that's the buzz! Waiting for the market to open, waiting for the latest new stories and everything else that is so exciting about being a trader.
ESMA SPOILT trading for myself and others like me who are not rich, who don't have a lot of money to spare.
Some of us aren't lucky enough to have had an Eton School Education or had the opportunity to study at Harvard or Oxford. Some of us have to start from the beginning.
Furthermore, the introduction of Algorithms has spoilt it for the many... but I will say this and this is worth noting What I learn about Technical Analysis is the very thing that Algorithms have worked out already, the only difference is that they are able to respond in Nano Seconds compared to a Human Being. It's like playing Chess against a Computer, but Computers are beatable and in trading they are looking at trading with the same kind of logic.
IMAGINE how you would feel if after Several Years of Dedication and working 24/7 you had your DREAM taken away from you and especially if you had discovered and learnt much of it yourself! I don't take what I've learnt about Technical Analysis for granted, I feel that I was Divinely Blessed.
So many people in our world take everything for granted. They take our World for Granted and that's why we are in a battle to save our planet from Global Warming. They think that they've made their millions through their own doing and they brag about it, but what people need to realise is that all Good Gifts Come from The Father of Lights! GOD!
I will say this much though, you go to any book store and pick up a book on trading from those who have a background in trading and have made their millions from trading and you will discover Books Full of Wisdom!https://www.sta-uk.org/https://traderlife.co.uk/