Hello Kitty asked:


Hi, Everyone! I am a FX beginner.
I am now taking a FX online course, and learn how to trade without making too much risk (definitely day trade). Right now, I am practicing with a Demo account.

This online course is introducing us a website for our practice, which has a contract of 100,000 of the base currency . With my budget, for me to be qualify for this, i have to use a high leverage, I was hoping to use only a couple of thousand dollars to start with (like a mini account). I dont want to use a high leverage.

Do you know and recommend any reputable/reliable online websites which you have actually used, and where someone like me can start (with
smaller amount money ) ?

Thank you in advance.
I did not know that Anyone knows a site called Oanda ?

I could not find a mini account service at FXCM ..
Thank you very much for all your feedbacks.
I am still reading your posts, so please add more information if any. Thanks!
Oh, also.. What currency combinations do you recommend? I will be starting with USD as my base. I have practiced with my practice site, with Australian, New Zealand, Euro, & Pound.
Thank you so much for all your input.
I only can choose one best answer. ;-(

William M asked:


I have had a practice Forex account for a few months now and have been experimenting with it in terms of leverage in which I always use 1:25 now, and the currency pair I am familiar with; GBP/USD and have discovered that so far at least, and hopefully always, I keep on making 10%+ profit onto my capital every time I trade using my personal strategy I’ve developed.

I am going to be 18 in a few weeks time and I intend to put in a few hundred to open up a real Forex trading account, and what I’d like to know is if its possible that by always using the same currency pair, if I could become a millionaire all in good time if I keep on making consistent profits as such with the GBP/USD? Has anybody ever only traded 1 currency pair always, and made a million starting with little capital? Has this ever been done before, and is it possible to do?

John asked:


Is there a difference between the two?

Profit/loss will be cut by the same amount either way, correct?

youKnow asked:


Its crazy to trade at 200:1. Has anyone come across a trading platform that will allow me to adjust the leverage?

Bryan D asked:


I have studied a lot of technical analysis and played a little with forex.. currently i make $10 and hour .. I was wondering if it was possible to make just $10 an hour trading… if so let me know i’d love to quit my job and stay at home all day

How much should I have in my account?
Leverage?
What broker?