Currency Exchange

William M asked:


I will be 18 soon, will have saved up £4k and I’m looking to trade forex by using CFDs which give you 1:200 leverage with them. Would it be possible to parley my £4k into £1 million in 2 years trading forex using CFDs and has this, or anything similar with forex ever been done before?

aishah a asked:


i plan to open a mini account with USD 800. i plan to gain 15 pips in a day but i don’t want to use a very high leverage due to its high risk. what is the lowest leverage offered in mini account? from which broker?

youKnow asked:


Its crazy to trade at 200:1. Has anyone come across a trading platform that will allow me to adjust the leverage?

infin80 asked:


So you still get like 100:1 or 200:1 leverage without getting your credit checked?

D DD asked:


Is there a difference between the two?

Profit/loss will be cut by the same amount either way, correct?

papadeisabella asked:


Forex Traders promise high monthly returns and “stop-loss” provisions which suggest that you would never lose all of your money. On the other hand they talk about leverage which suggest that they will always have more to invest than they actually have and therefore all losses will be recovered. I have never heard of high returns and no risk, but this is what the so-called Forex traders are advocating. Is this some kind of scam?