As a Forex trader, you need to establish a trading system or plan that suits your personality. In addition, you should do a lot of practice to get used to the system. Every trading system has weaknesses that must be identified. As for me, I am scalper and I am trading with Forex4you. It is giving me best trading condition for scalping. It also offers me low tight spreads which is essential for scalping.
Leverage is the use of borrowed funds to increase a trader's trading position beyond what would be available from their cash balance alone. Brokerage accounts allow the use of leverage through margin trading, where the broker provides the borrowed funds. The traders sometimes use leverage to profit from relatively small price changes in currency pairs. The more leverage a broker give, the more the broker is being chosen. I am also a trader of Tpglobalfx. I am getting leverage from my broker is up to 1:500. It helps me to increase my profit.
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