As far as I have seen bitcoin spread is way too much wide. And one has to pay huge spread to trade. I don't trade bitcoin myself but don't know if the spread is worth it or not.
Please take this positively, 2 years later you may say again that you still need 2 more years to get better. What I really want to tell is a mentor would have been a good thing if they had access to them. Their experience would help newbies a lot.
If a trader manages risk then how high leverage harms him? It is the trader that puts his capital in harms way. Leverage is just another advantage forex market offers.
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Well what you said is right. But it is not a bad idea to take others strategies who are sharing. But traders have to make the strategy their own so they would know the pros and cons of that strategy they are using. And can make modification according to their need.
Well said. Some people tend to think when they have a good trading plan and have good experience then they won't be having any risk. Risk will always be there. Traders have to accept it and work with it.
EUR/USD is the most liquid currency pair in the market. And hence less vulnerable to spikes. So for newbies it is suggested and also traders like it because of the large amount of liquidity it has.
That's some large amount you got there. For novice traders it is definitely recommended not to use more than 1:100. And there are traders like you who prefer to keep leverage lower. It's a personal preference and I don't judge anyone for using low leverage.
Well different traders have different preference. Some like to calculate everything precisely. And although it is a bit high, fixed spread gives a trader the benefit of no sudden spread spike. I like the floating spread by the way.
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