Then test the trading platform by opening a demo account. You will be able to place fictitious orders through this virtual account. Forex beginners are often confused by the apparent complexity of trading platforms. Feel free to train as long as possible while following step by step free training seminars delivered online by the various intermediaries. If you are satisfied with the service, you can open a real account. As a forex trading strategy this is important.
Use leverage with caution
When you open a real account at a Forex broker, your money is deposited in a “segregated” bank account opened with an independent bank. This deposit will be used to cover your losses if any. It is a kind of guarantee for your broker. In fact, the foreign exchange market has the particularity of offering a much greater leverage effect than in other markets.
- In other words, you can