Antwerp + Antwerp/Belgium
Posts: 6 since Nov 2013
Thanks Given: 2
Thanks Received: 0
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Hi
I've been a member on this forum for a couple of weeks now. In the meanwhile i've set up a demo account to try some things out. for the moment i've just been trying things out with moving averages.
I thought about starting to trade in forex. why? you don't need too much initial investment to start trading here and the markets are open for longer.
For this I have question about leverage. my broker account allows me to have 1:200 leverage.
I was wondering the following situation: let's say I invest 500$ which allows me to have a 100 000$ investment. the currency I buy is worth 1. the price drops to 0,8. Would this mean I will also lose 20 000$? What if i would only have 500$ in my account?
I also have some other questions:
- Where do you find your info, how did you start learning to trade?
- would you recommend me something to read?
- if anyone would be up for it I would like to talk to someone about his/her trading experience. we could chat, skype,...
I've also found the webinars and I watched the first one for the newbies (saw this in a post by mike) but I can't find the other ones:
1) instruments and brokers (watched)
2) trading platforms
3) developing a trading style/method
4) goals and best measurement practices
5) indicators, signals and automation
thanks , and i'm really looking forward to learn a lot about trading on this forum
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