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Leverage in Forex trading is a tool that enables us to open big size trade with small capital. It is the leverage that helps us to to make more profit with a small capital. But it is difficult to pick the best leverage level one should use, as it in a general sense relies on the individual trader's trading procedure. But if you want to hold your trade for longer term, use less leverage. For my trading I utilize 300:1 leverage however my broker Eurotrader provides for 500:1.
Trading requires a lot of knowledge. It is not possible to make a profit without trading knowledge. There must be a loss in trading and we have to learn from this loss. I practiced the demo for 6 months when I joined the trading as a new trader and during this demo practice, I did a lot of research on trading. I used the demo account of Forex4you at first to know the basics, Still, now I am trading under this broker.
Hard work is one of the most important things a trader needs to keep in his trading life to become a successful Forex trader. Undoubtedly Forex is a risky and profitable business so traders who wants to be successful needs to be hard worker. Tpglobalfx is a well- known Forex broker and always provide professional trading guideline, motivational and promotional offers to motivate their traders. I do hard work as a professional trader.
You should learn forex first. Without learning forex you can't earn profits from the forex market. If you start trading without learning then you can't survive in the forex market. There is no alternative way of learning. I always try to learn something new. My broker Forex4you helps me a lot. They are very helpful. They are one of the best brokers I have ever worked. They never make disappointment to their client.
Your decision about trading should be based on low leverage. Every decision should be prepared with a valid reasoning and you can do so when you have good trading experience. Technical and fundamental analyses help us make our decision. Eurotrader offers more than 200 technical tools for market analysis. They also offer a free demo trading account to traders.