Reply With QuoteThis part can never overstated, as newbies can not afford to be greedy, take it slow and steady so you can endure a long run in the market.Originally Posted by babushkafx
Forex beginners should start their trading journey risking only what they can afford to lose. That's why it's strongly not recommended to use high leverage which can cause great damage in a blink of eye. I use 1:50 with Hotforex and despite modest returns I don't bother about abrupt losses from sharp movements.
This part can never overstated, as newbies can not afford to be greedy, take it slow and steady so you can endure a long run in the market.
The success in our trading strategies depend on basically our money management plan , if we want to get maximal result by our trading strategies first of all we have to know proper money managing plan, otherwise it is not possible at all to make profit with great consistency despite of powerful trading strategies.
You considered choosing a right broker is a difficult task , but according to me I don’t think so if you are active in Forex Forum communities in particularly FPA where real traders express their views about their brokers performance.
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Yeah FPA helped me a lot to choose a broker that suit my needs. After careful research I decided to go with Hotforex
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