You could try their offshore branch, at least this is how my broker (Hotforex) offers high leverage to UK and EU clients.

High leverage / low spread brokers?

Yeah a good rule of thumb is to invest what you can afford to lose, if you don't feel emotional pressure from potential loss you won't commit common mistakes like taking profit too early or trying to sit out the loss.

What have you learned?

It's still a price averaging but let's see how it goes, some market patterns do need to be handled with pyramid trades like pullbacks in a trend.

Pyramiding or stacking your trades

The problem is that guys who share they crap system do believe that they found something based on their temporary winning streak or 2-month history of gains. Easy to mix luck with edge and report that you discovered something working. I don't think ...

To those that "share" trading systems

What would you consider an acceptable loss for this staked position? In other words, what's your definition of being wrong on these staked trades? If your goal is to close the very first trade with a profit, adding a second trade won't necessarily ...

Pyramiding or stacking your trades

The spreads are a reflection of both the asset's liquidity and its volatility. Dealers use spreads as compensation for providing liquidity, and at times, they might widen the spread to ensure they are adequately rewarded for the risk of being on the ...

Gold Trading Issue

Binary options adds additional layer of complexity to trading analysis - besides direction you have to guess time as well (will the price stay above or below the current for some particular time). I don't think payout % compensate enough for this ...

Why Binary Forex Options are better than Spot Forex

Didn't notice any impact in 2023, last yeart there was some pressure on Euro and Pound but this year clouds have lifted for European assets.

HotForex Discussion

Protecting capital becomes a pressing matter when you use high leverage, burned many accounts before I realized that leverages carries more drawbacks than advantages

Why do Newbies Lose?

When you do hedging with the same asset you just lock the difference between entry price of your original trade and entry price of the hedge trade. Basically it is same as closing position with loss because CFD contract is cash settled and later ...

Have a quick question about Fundamental Analysis and Grid Trading

Maybe because trading is extremely hard business with low survival rate? Also it's quite naive to expect that something really useful can be shared in the internet. It's same to demand firm to reveal their know-hows to the public just because it's ...

To those that "share" trading systems

Also timing is important. Being out of the position is the trade as well it just features zero return, but zero risk as well.

What have you learned?

If you use high leverage stop loss is a must however the rule of thumb is that it has to reflect % of capital you can afford to risk per trade. If you set 1% then using pip value of your trade your can calculate to size of stop loss. Or using the ...

Do you use stoploss?

You can withdraw the rest but only to differnent payment system like Skrill or Neteller at least this what Hotforex allows me to do on fresh accounts.

Broker that allows instant withdrawal of profits?

1% a day is possible but not everyday you have to accept that losing periods, bad days happen and you should handle them accordingly consider only in aggregate statistics.

1% to 3% Per Day? All things are Possible

1:2 or 1:3 reward ratio is better than 1:1 because smaller loss is easier to handle emotionally, larger loss can make you less comfortable and also corrupt your feeling of safety and correctness of trading decision.

1:1 Risk/Reward Frowned Upon?

BoJ should soon intervene I think, last time it was at 145 Yen per USD. Let's see if they perceive dangerous level somewhere higher now

HotForex Discussion

You can learn how to trade however profitable trading is much harder. Also it is extremely difficult to make profitable trading system and verify that profitable trades really comes from the trading edge, not from pure luck.

Can trading be self-taught?

It depends on the number of liquidity provider that broker uses, its participation in market making (which should make spreads lower). Also gold is quite volatile which also negatively affects spread.

Gold Trading Issue

To not lose motivation simply concentrate on the trading process itself, not money. This will help you to avoid frustration related to losses which is often the key reasons why newbies abandon trading too quickly

How do you newbies not lose your motivation?