kenawly

I use either no leverage or 1:10. I never go beyond that and would advise anyone to never go beyond that. A high leverage of more than 1:10 increase your levels of profit but can produce fatal results in case of a loss. For example if you use 100 USD with a leverage of 1:1000, you will lose all your money on a 0.1% loss!

I think the three most common mistakes that most newbies that fail make are using very high leverages which may lead to losing all your trading capital in minutes, using large lot sizes and getting into the real Forex trade without any expertise even before trying with a free demo account. Even myself I failed at first because of the three reasons.

Marketiva and forexcent. I am going to try these two too. I am already using Armada Markets too. They also gave me a 5 USD bonus. Thanks for this post. I really got new and important information.

A demo account is very good for a start since you don't want to be Just copying other professional traders moves every time. It helps you gain some experience and also get confidence. Later when you start a real account and you Make a profit while that big trader that many people copy makes a loss, you will really feel great I think a demo account is very important for a start

I think the best way isn't copying the big professional traders. As a newbie, you should gain the experience yourself and read tutorials and try to apply them to real time situations.

I think that short term trades of less than 1 hr can be very profitable too. If you look at the graphs carefully and move swiftly especially in the early hours, you can Make It wow. My big bro uses this so much and with high leverage. At one point, he spent 3 days to study the graphs and then on the fourth day made 500 dollars in 26 minutes

I don't use any leverage nowadays. At the start, I used 1:100. If you go beyond this then you really risk losing everything in a fraction of a second. You can also gain big in no time

If you can succeed with a demo account then you can too with a real account where you deal with big real money. But I was advised that when you start the real trading, don't get tempted to use large leverage since you may end up losing all your money fast. Even if your deposit is less, take upto 6 months with those 0.1 profits at least to get some experience

Forex can turn out to be the most stressful thing especially when you are making losses and you are using a very large leverage. But the idea of working from your bedroom with Just a tablet on your hand sound pretty cool

If it is a question on how many pairs to trade, then I think the answer can be "one" or "many". Though it's hard to analyse the performance of more than 1 currency pair, you can still trade in many pairs provided that your analyses do not get intertwinned. But even big forex investors like George Soros Just focus on only 1 pair

This thread has been very useful to me. I am going for Armada Markets to start my forex trade. Thank you very much for the information.

My big bro lost all of his 1000 dollars very easily thinking that forex trade does not need any knowledge. He spent the next 3 months learning more about it and since we decided to do it together with over 1500 dollars, we have survived till now but our profit margins are always too small.

This can be very hard until you get some good experience and is making more gains than losses. A very large capital is also needed. But truly, this is very hard and you may need Upto 5 years before you do Forex full time. I think it can be a very interesting life to do that.

This company looks so much profitable that I start to doubt its trustworthiness "112% After 20 Days * 125% After 40 Days * 20% Montly for 360 Days" These rates are too much or don't you think they are exaggerated to attract us. Please clarify incase I am mistaken.