Leverage is controversial in trading circles. These come in all forms but could all result in the trader losing money despite their hard work. Like all forms of trading, Forex carries with it some risk. If you’re already experienced with retail trading, try and find a broker that has educational tools that will be useful to you. Others cater specifically to novice users. Some brokers have resources that are useful to traders at all levels. These can vary from slide shows on market indicators to webinars from experts. Educationīrokers often have educational tools on their platforms. MAS has set guidelines for the maximum leverage amounts as well as rules regarding segregated client funds. Traders can choose to trade with brokers that are not regulated by the MAS, but they run the risk of not being protected if that broker turns out to be a scam. The regulations that each broker must adhere to change depending on where that broker is based. These are called inactivity fees and are used by most brokers. They charge fees for users who do not trade actively. Most of these platforms make money from active traders. Visit AvaTrade How to pick a Forex Broker? Fees & Commissionsįor every trade brokers will charge their users a proportional fee. Platforms charge very little for the commission, but they take a proportional cut of each trade.
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