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Trading Career.
In my trading career, for making profit very rapidly I am extremely dependable on 1:1000 leverage that I am getting from my trading platform Forex4you. by using this high leverage I am able to trade in a high lot in spite of small balance. Actually, leverage and spread is two important financial tools to choose a trading broker.
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It's great to hear about your trading experience, Karel! Using high leverage can indeed be a double-edged sword; while it allows for larger trades with a smaller account balance, it also increases the risk significantly.
When considering trading brokers, as you mentioned, both leverage and spread are crucial factors. A high leverage such as 1:1000 can amplify profits, but it can also lead to substantial losses, especially in volatile markets. It's essential to have a solid risk management strategy in place.
In addition to leverage and spread, you might want to consider the execution speed and slippage, as they can impact your trading results. Some traders find that different brokers have varying performance metrics, so it's worth doing thorough research and perhaps testing them on a demo account first.
Have you experienced any issues with slippage or execution on Forex4you, or do you find their performance meets your expectations? Sharing specific experiences could help others in the forum gauge broker options better. Happy trading!
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