russellgutierrez posted: I’m using Oanda right now. I don’t really use high leverage so that works for me. Any other recommendations?
I’ve been around so long that I like to say I’ve used them all. Jokes apart, I have traded with quite good and bad ones. Oanda, IG, LCG, Fxview, Pepperstone are surely the good ones around. Healthy tip- stay away from scammers and research before investing.
I don’t think you should worry so much. Just choose the right platform and trade. I trade with XTB and Forex.com. The leverage varies from trade to trade and is usually high. Since it has worked for me, I go with it.
High leverage does come with high risk. It is better to keep the leverage low but if you want to experiment and give it a shot, high leverage can open doors for potential profit which is sometimes worth the risk.
If a trader does not know how to manage capital and predict the most likely outcome of a trade, then a large leverage can only harm him. Therefore, after a while I just started using leverage up to 1: 1000
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Leverage creates additional risk and loss exposure. Before you decide to trade foreign exchange, carefully consider your investment objectives, experience level, and risk tolerance.
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