When there are many important news related to one currency, than volatility is guaranteed. Experienced traders are very happy to see such markets, but if you are new trader, it is better to keep level of precaution
I would agree with forum members that good strategy for beginners is to open mini or cent account. Without a doubt they will make losses in the beginning, so it is better to risk small money until you gain experience
Although I theoretically know the basics of hedging strategy, I have never managed to make a good deal. So, I gave up hedging on real account, but still trying on demo account
I think that new traders are not able to realise the importance of discipline in trading. It is somehow natural as they lack experience. It all comes during time and dedication to make success on this market
I agree that spreads are one of the very important topics to consider when choosing a broker. Especially if you are short term trader and scalper, then your profits might suffer from brokers high spreads
Lioneld, he is probably not trading, but trying to learn how to trade. Anyway, I think that traders should continuously strive to improve their skills for market analysis in order to make the best of technical analysis
New traders should be very careful with leverage. Indeed, these additional funds can increase profitability of your trade, but if you end up in a lose trade, then your losses will also be increased
I think the big leverage can actually serve as a basis for some strategies. For example, before the news is issued, you can open two differently directed orders with small stops and large profits. You can count on a wide price spike. If the price goes down, the upward-oriented order will close...