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Leverage like a bomb for trading. It is risky and gives high profit. Scalper often uses high leverage. Scalpers also need a broker with the lowest trading spread. That's why I trade on Eurotrader, which offers low spreads on all major pairs. The broker also offers trading services of fx, shares, cryptos, indices, commodities, metals.
A broker is an important element in forex trading. Without broker a trader cannot trade in forex market. It is the main duty as a trader is to choose a good broker or him. There are a lot of fake or scam brokers in the market. So, it is really difficult to choose the best one from all of the brokers in forex market. I had faced same problem while i was choosing a broker for me to trade.
At last I found TP Global FX. They are really great in all sectors. They give low spreads start from 0.01 pips. They also give maximum leverage of 1:500. They also provide 24X5 customer service to their account holder. They also have diverse tradable instrument. There are 56 pairs of FX in their site. So, overall it is the best broker for me. I am still trading with them.
If you want to succeed in trading, you have to overcome greed and fear. And you have to work by constantly maintaining discipline. A trading plan is a very important thing. If a trader trades without a plan, most of the time it will be seen that he is facing loss. Forex trading is all over the world so it is not easy to make a profit here. You have to make a maximum profit according to the plan. I am also a trader. I am currently trading with Forex4you. They are very helpful.
a trading plan will indeed be very much needed by traders, this is done so that traders can become better and can be maximized in getting the security and comfort of trading while on a real Tickmill account.