I will be trading with 500-1000 dollars, if you guys think a lower margin rate would be more beneficial please explain why.
400:1 leverage is a little extreme - as mentioned in other places on this site overleveraging yourself is the #1 killer of newbie fx traders!
400:1 is crazy. leverage is a double edged sword. :eek:
The best one is the one that won’t let you go anywhere [B]NEAR[/B] 400:1. Oanda’s pretty good at that.
The explanation for why can be found here: Leverage: the Killer
Yeah, I know. That isn’t the answer you wanted, but it’s about the best answer I’m aware of.
yeah lol I knew I was gonna get that, but it was just that my initial deposit is going to a LIL BIT above the minimum so I guess I’ll go for a broker offering a 1:100 or Oanda with there 1:50. If there is a DECENT broker with a 1:100 mini/micro account please tell me!
I use CMS. They have thier issues but no broker is perfect.
money it is not a problem, the problem it is…are u ready for forex game yet ?
almost all rich traders they were started w/ only few hundred buck.
leverage it is not the problem, the problem it is the trader
because with a 500-1000 dollar account u will LOOSE FOR SURE, well
not FOR SURE, u have about ermm 0.05% chance? of making a lot of money, wait I mean u got about 1% chance ye 1% sounds more logical