What can you trade in a Forex Account?

[GotherL]

I wanna open a trading account but don't have enough money so I looked into forex and learned you can open an account for as little as $100 with 8x leverage.

Also, I just found some forex companies allow you to buy stocks with 20:1 leverage but limit the choice to real big companies like aapl, msft, google.

Does anyone have any experience with trading stocks with a forex account? How does it work?

 

[Turveyd]

What I've seen really big spreads on Stock items, swing trading only not day trading.

Trade Forex, DAX or DOW that's what I trade!

$36 at 50:1 margin at FXCM UK to trade $0.11 per pt on DAX or US30, 1 pt spread, no comms.

 

[wrbtrader]

I wanna open a trading account but don't have enough money so I looked into forex and learned you can open an account for as little as $100 with 8x leverage.

Also, I just found some forex companies allow you to buy stocks with 20:1 leverage but limit the choice to real big companies like aapl, msft, google.

Does anyone have any experience with trading stocks with a forex account? How does it work?

No new trader should be using leverage like that. Yet, if you're a season (veteran) profitable trader via real money trading already on trading instruments like Forex without abusing leverage...than you can try the 8x leverage on forex. Same thing involving 20:1 leverage for stocks...prove it to yourself that you are profitable and know how to manage the dramatic increase in risk via that type of leverage.

I'm always confused why new traders that have not proven profitability for several years will use that type of leverage.

 

[GotherL]

Even with 20x leverage on a mini account I may only be seeing $50 profit considering how slow the price movement is for these major companies.

I'm always confused why new traders that have not proven profitability for several years will use that type of leverage.

That's just an assumption. You can't know my background or know how much experience I've had just from reading a single comment.

 

[wrbtrader]

Even with 20x leverage on a mini account I may only be seeing $50 profit considering how slow the price movement is for these major companies.

That's just an assumption. You can't know my background just from reading a single comment.

The biggest abuse of leverage are traders that loses or new to trading. Therefore, as I stated...if you're a profitable trader...no problem. In contrast, if you're a losing trader or a new trader...obviously using leverage is not a good plan until you become a profitable trader.

With that said, you did say you want to open a trading account and that you don't have enough money to trade the way you want to trade. That's not an assumption because that's what you stated.

Just keeping saving your money so that you don't need to use leverage like that. Once again, leverage is not a big deal for a profitable trader.