Challenges as a Forex Trader

Svetlana Loboda said:
be active on learning and choose a right broker which has security of funds with a wide range of trading technologies.
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Thanks a lot for your suggestions. I have been checking the brokers so far but I still don't know the difference between regulated and unregulated brokers. I have a friend circle who trade on a daily basis. One of them suggested I go with the big guys, but their leverages are quite low. Another friend suggested unregulated brokers because their leverages are high and he have been using them for a while without any issues. Any suggestions?
 
Fx master said:
if you consider high leverage as high risk that means it is completely with non sense trading planning with zero money management.
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Leverage provides more buying power yes? correct me if I'm wrong. Whats bad about having a high leverage?
 
tomCooper said:
yes this offer comes from broker , that's why you have to choose the broker which has high leverage.
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So, since they offer much more leverage than regulated brokers, it sounds like a good idea to work with the unregulated ones.
 
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