We first need to learn all the necessary skills needed to make money from the trading business. We can learn those skills from downloading demo account from any reputed broker like hfm which does not requires any deposit for downloading demo.
In my opinion, knowledge is more important because if we have the skills we can easily make money and also grab investments by creating value for others so my recommendation is to focus on gathering more knowledge and skills which eventually pay off at any point.
Yes that might be right and your perception can be similar, they have listed this to their spot crypto exchange initially for those who wish to buy it in it initial coin offering phase or later.
Agreed since there are many things to be managed while trading forex and the traders should take time learning those necessary skills. Most of which requires time and patience to get hands on them.
Yet it's not a mistake but a blunder since forex trading is a very professional market which does not spare any traders' mistake and those who does not have the knowledge actually lost money because of their own faults of not knowing anything but they try to blame their brokers most of the time...
Those who rushes in to trades are actually the one who have fear of missing out and they make hasty decision to get on board while they don't realize if they are on the opposite side of the trade.
Some brokers like hfm etc offers leverage of up to 1:400 on their regular accounts and 1:1000 on micro accounts which can be adjusted accordingly. New traders being unaware of the market conditions should keep the leverage low in start since high leverage means higher damages as well.
I mostly prefer manual trading yet for those who wish to take their trading to automative levels can still get their strategy coded into a profitable EAs using the technologies available these days.
Nowadays we have a lot of free learning resources to develop the necessary trading skills, all we need is to google them. Moreover, many brokers like hfm etc are now investing in trader's education programs and offering online webinars too.
In my opinion, the more demo practice the more are the desired results so at least a minimum of six months demo trading or more is recommended before jumping to live fund trading.