Comments on: Forex (Currency Trading) Software that lets me choose my leverage? http://www.myylt.com/2009/12/31/forex-currency-trading-software-that-lets-me-choose-my-leverage/ Discussion of Forex Trading and Currency Trading Sat, 11 Feb 2012 18:21:54 +0000 http://wordpress.org/?v=2.3.3 By: John S http://www.myylt.com/2009/12/31/forex-currency-trading-software-that-lets-me-choose-my-leverage/#comment-21311 John S Tue, 30 Nov 1999 00:00:00 +0000 http://www.myylt.com/2009/12/31/forex-currency-trading-software-that-lets-me-choose-my-leverage/#comment-21311 There's no such thing as choosing your own leverage. Your broker will set the maximum allowed leverage. You can never exceed that limit, but if you want less leverage, then you simply open smaller positions relative to your account net equity. The biggest ECN forex brokers, ie. also the most reputable and reliable ones with interbank liquidity (up to $50 million for certain currency pairs) require deposit much higher than $500 ($10000 or higher) and allow very low max leverage. OANDA is a good broker, and a good start for new forex traders. But if you become serious about forex trading later, and hope to consistantly make any profit in the long run, you'll want to consider big brokers like Dukascopy and Interactive Brokers. There’s no such thing as choosing your own leverage. Your broker will set the maximum allowed leverage. You can never exceed that limit, but if you want less leverage, then you simply open smaller positions relative to your account net equity.

The biggest ECN forex brokers, ie. also the most reputable and reliable ones with interbank liquidity (up to $50 million for certain currency pairs) require deposit much higher than $500 ($10000 or higher) and allow very low max leverage.

OANDA is a good broker, and a good start for new forex traders. But if you become serious about forex trading later, and hope to consistantly make any profit in the long run, you’ll want to consider big brokers like Dukascopy and Interactive Brokers.

]]> By: Marko http://www.myylt.com/2009/12/31/forex-currency-trading-software-that-lets-me-choose-my-leverage/#comment-21312 Marko Tue, 30 Nov 1999 00:00:00 +0000 http://www.myylt.com/2009/12/31/forex-currency-trading-software-that-lets-me-choose-my-leverage/#comment-21312 try to check your options in this site. it will lead you to a leading forex broker that can allow you to obtain special trading terms if you are a frequent trader. you can simply negotiate with your personally assigned account service manager or asm for your trading preferences. all the best. try to check your options in this site. it will lead you to a leading forex broker that can allow you to obtain special trading terms if you are a frequent trader. you can simply negotiate with your personally assigned account service manager or asm for your trading preferences. all the best.

]]> By: Ritly http://www.myylt.com/2009/12/31/forex-currency-trading-software-that-lets-me-choose-my-leverage/#comment-21313 Ritly Tue, 30 Nov 1999 00:00:00 +0000 http://www.myylt.com/2009/12/31/forex-currency-trading-software-that-lets-me-choose-my-leverage/#comment-21313 I have tried several forex softwares & more or less all of them have similar pros and cons. But I feel etoro is comparatively good. I have tried several forex softwares & more or less all of them have similar pros and cons. But I feel etoro is comparatively good.

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