|
Benkorea
Congratulations, you have successfully passed the first test. While so many other new traders on this site are trying to justify a strategy utilising far far too much leverage, you are asking the right question - how to use a sensile amount. 20-1 sounds about right to me.
In terms of how you do this, most platforms, when they say 100-1 , 50-1 etc are merely stating the MAXIMUM leverage they will allow a trader to utilise. So the answer is simple. Just pick a broker that lets you trade whatever size you want, and keep it small. If you are intending to fund your account with a very small amount, your choices will be a little limited but there should still be plenty of brokers out there that should suit you.
As far as I know CMC lets you pick exact trade sizes down to individual dollar amounts. Mick - is this right?
Good luck
GJ
|