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Forum Spot Forex vs. Binary Options – Is it worth the switch? Reply To: Spot Forex vs. Binary Options – Is it worth the switch?

Eduardo Lanni

LEVEL 2 : NOVICE

REVIEWS 7 | REPLIES 5

#1737

bo101

August 31, 2015 at 4:00 pm

Hi Newbie, yes it is true that most people do get margin called due to using the wrong leverage and risking too high a percentage of their account per trade.

Leverage is also known as a “double-edged sword”. This means that you can use it to your advantage if you know what you are doing, but if you don’t, well then you are in for some difficult times…

Rather start off with small leverage and don’t risk more than 1% of your account if you decide to start trading the spot forex market. Or better yet just demo trade to get used to it.