So I opened a mock account and I am doing pretty well, I've been doing it for a month and two days and I made 50k, well here's my problems:
I don't understand what it means 200:1?? I know its like I have good faith money for higher money but how does it affect me if I make a wrong trade?
Also, I know Bollinger Band and MACD fairly well, what are some other strong indicators I need to learn? I am really stuck, I want to open a real account pretty soon but I have no idea how these work or how I can be influenced by 200:1… So please can someone help me out? I have other questions too I just need a guide
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July 31st, 2008 at 7:51 am
Leverage is used to trade the forex market’s day to day very small movements. Finexo's sophisticated trading platform enables a yield of profits from a relatively small amount: an initial investment of $100 at a 200:1 leverage, generates yields from an amount of $20,000. With leverage, a .5% rise in the rate of a currency turns to a profit of 100% on your initial deposit amount!
Nonetheless, leveraged trading entails risks; therefore, traders should take everything into consideration. On the other hand, on the Finexo platform traders cannot lose an amount greater than the total funds in the account.
July 31st, 2008 at 7:51 am
u can try this in the demo account .
and u can trade oil ,gold, NASDAQ 100, DJ 30 , and many more .Forex trading .
http://www.avafx.com/?tag=7777
July 31st, 2008 at 7:51 am
If you need an advisor (guide) I suggest investing in a real system, opening a real account and watching the money roll in.
http://allforexeveryday.wordpress.com
It's easy, there's not much to learn, just follow the system.
Good luck.