Wed, 30 Sep 2015 08:40:00 +0400
What is required to succeed in FX trading?
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Over the last couple of years, we can see a lot of brokers open their own services designed to let the client copy (what they claim to be) successful traders in automated mode and profit along with them. While this is true with some of them, others fail to put their promises into practice. At the same time, some of those services promise fantastic profits – from several hundred to several thousand percent in 12 months!
If you have been in the international FX trading environment for a while, you probably know that few companies operating in the environment can boast almost 100% transparency. More often than not, the very lack of transparency results in various kinds of tensions and misunderstanding between the broker and the client.
When it comes to trading Forex via a micro broker, traders don’t have to invest thousands of dollars as the starting capital. This is one of the biggest competitive edges those FX brokers have when it comes to FX rookies getting their feet wet in FX trading. Indeed, few rookies can really afford to start trading big right off the bat. However, it is not recommended to start big if you are just getting your feet wet in trading financial markets. This is where cent brokers (or micro brokers) come in handy. They allow rookies to trade currencies and improve their skills while more advanced traders can test their strategies without having to risk big money.