Correct. Beginners should use as less use of leverage as they can if they want to keep risks and losses away. We should always learn from those with experience.

Is it good use high or low leverage as a beginner?

I agree, it is one of the tools to minimize risk but not the direct solution to avoid risk. For minimising risk we need to have a solid risk management strategy.

Does stop-loss help to avoid the risk?

Me too.

best pair to trade on forex market

Sometimes we can not control when we are trading in practical, so it is better to depend on automated trading.

How to Become Emotionless

The ECN broker i have been using is turnkey forex. So far, my experience has been good with them. Customer support is quite supportive. For me, i'd suggest ECN over STP. Spreads with them generally remain low and i think they would be good for ...

Best ECN Brokers

Actually.This is forex summed up for most people. Like any other way of making money, even forex requires patience, knowledge and hard work. Only one who practices can succeed in making money through forex. We should rather focus on enhancing our ...

A Little Something To Motivate You

Turnkey forex can be a good option. They are an ECN broker so you get good spreads and even Commission is low, $2RT per lot. Its been a long i am using them and so far everything is good.

Discussion on ECN forex broker

That seems motivating! Good one.

I plan to quit forex!

Absolutely, that helps you stay a little away from all emotions and therefore make better decisions.

for the working people

I'm not sure about blueberry and swiss markets since I haven’t tried them out honestly but the broker I’m using, Turnkey forex, accepts clients from everywhere and they offer leverage of up to 500x. Though personally I don't use leverage more than ...

Broker for UK resident

That's true. Losses make us realize our mistakes. One has to keep their calm and keep practicing throughout if we want to be successful.

What helped you the most to be profitable?

I totally agree with you. Its your hard work which produces results.

Living Off Fx

Well if you are looking for unregulated ones, you can check out this babypips thread of offshore brokers - url Out of the ones in this list I'm with Turnkey forex since a while and my journey so far has been a good one. Spreads are narrow,low ...

Top Trusted offshore CFD broker

I had a try in trading without using stop loss. It was fine, I can see it causing emotions and panics for people. In the end, I think I prefer to use stop loss as much as I can to keep my trading in zone.

Trading with no stop loss

I hope talking about offshore broker is not out of question. I have been trading with turnkeyforex for a while. I am hoping to diversify my funds with another broker. Would love to hear the suggestion from anyone?

Best Broker?

If you are news trader facing slippage issue then I would say look for turnkey forex, their execution is really good and slippage is minimal.

True ECN/STP Broker recommendations

Absolutely! I dont see any reason for not using it. It saves us from incurring huge losses. So we must use it when situation demands.

Do you use stoploss?

Hi5 . Even i prefer the morning time.. my job starts around noon.. so i have time to watch the markets and place trades in the morning. I feel thats the best time to trade. I am fresh so i am able to make good decisions.

for the working people

Well I look for spreads and hence I prefer an ECN broker because they offer tighter spreads when compared to market makers. Currently I use turnkey forex and they offer the best spreads I have seen till date.

What do you all look for in a Broker?

I agree. It just seems too good and easy in the start but once you start trading forex, you will get to know how difficult it is to make money in this market. You have to take a systematic approach to become a successful forex trader.

Forex trading