Master, I want to ask again. I have a $100 capital and want to deposit it to Hotforex. What type of account should I choose?? And what is the best Leverage to use? Is it 1:300 or 1:500 leverage?? Also, according to master, for safe trading, how many lots should I trade in each trade?? Thank you, master :-)
To Dadi..
For Horforex you can choose a micro account type with choosing leverage 1 : 500, with a minimum lot of 0.01. However, with a capital of $100, you need to be careful. If you trade with a lot of 0.01, then floating -100 pips, is worth approximately $10. Because the contract value of 1 lot is 100,000.
You can start trading at a cent account broker. Even if you trade with a small value it's okay, you can hone your trading skills by managing the financial conditions you have. When your trading skills are honed/skilled and you have large capital, you can choose a trusted broker because you have entered the professional level.
Thanks