After reading more about money management, I finally understand the danger of high leverage. I ran through a demo account at 400:1 in no time (big surprise there lol) and decreased it to 10:1 which I've managed to keep profitable but that's mostly been dumb luck. But I now think even that leverage is too high since I can't really keep my risk to 1% per trade.
I guess for a newbie maybe 2:1 leverage would be good? 1:1?
Can the leverage be changed after an account is open? Doesn't look like there's a way to do it using Metatrader with StrategyBuilderFX (demo), but I guess that would really be a change with the broker.
Squid
I guess for a newbie maybe 2:1 leverage would be good? 1:1?
Can the leverage be changed after an account is open? Doesn't look like there's a way to do it using Metatrader with StrategyBuilderFX (demo), but I guess that would really be a change with the broker.
Squid