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wisaac

I'm a noob and I plan to open a micro account, right?

What is the best leverage for that? Is there like a maximum leverage for noobs?

about 1 year ago

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FXalhabib

Hi,

I would suggest these following rules and settings if you are new:

Deposit $100-$500
Lot size: 1000 per trade
Leverage: The Maximum (1:400)

Always use tight stops/limits on every trade and practice, practice, practice !

about 1 year ago

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ForexEA

You can also plan to use Forex robots. They were programmed to help you to trade profitable.
For more details, visit http://www.forexeasystems.com/

3 months ago

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ForexEA

I advise you to have:

Deposit not less than 1000 USD
Open micro account: 1 micto lot - 1000 USD
Leverage: Up to 200:1

More about leverage in forex is here - http://pipburner.com/understanding-...

about 1 month ago

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ForexNinja

Unless you're risking a large percentage of your account, leverage matters very little. But as a newbie, you could start off with 20:1.

about 1 year ago

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paulaelli

Hi, If you in australia might i suggest that you Open a Learning account with Go Markets. They offer a Nano pip volume (one tenth of a micro), and can only open a Max of 1 Mini ($10,000)
The account allows max of $500 deposit. which is equal to 20:1 at full Leverage.

this allows you to be in the market and practise but not to lose out a lot when starting.

The best Management system (Especially for noobs) is to place a Percentage risk on your account each time. (2% Max) risked with position sizing technique.

a good place to get a calculator is Babypips.com .

And to learn about the management that im talking about.

about 1 year ago

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