Asking21

If you take risks that are high then it becomes gambling as you become the 95% of traders who lose. Always use the features like stop loss, trailing stop loss, take profit or hedging.

I agree that Forex should be considered long term. Scalping the markets probably only works if your very wealthy and can risk it. Bitcoin would have paid off very well over the years since it started.

It is suggested to never go over 1:50 leverage. Some brokers offer insane leverage like 1:1000 or more. I think a while back the pound fell against the dollar about 8%, hence even with 1:15 leverage trading in wrong direction would have given a margin call.

I signed up years ago to Grand Capital using their no deposit bonus to test the waters. They offer binary options too. I think at the time the leverage couldn't be changed and it seemed simplistic with little or no news and technical indicators. The spread was huge, Plus 500 have much more reasonable spread. It was very difficult to make a profit. Personally I don't like it.