PLease help I'm a newbie at FOREX?

Question

So I opened a mock account and I am doing pretty well, I've been doing it for a month and two days and I made 50k, well here's my problems:

I don't understand what it means 200:1?? I know its like I have good faith money for higher money but how does it affect me if I make a wrong trade?

Also, I know Bollinger Band and MACD fairly well, what are some other strong indicators I need to learn? I am really stuck, I want to open a real account pretty soon but I have no idea how these work or how I can be influenced by 200:1... So please can someone help me out? I have other questions too I just need a guide

Answer 1

If you need an advisor (guide) I suggest investing in a real system, opening a real account and watching the money roll in.

http://allforexeveryday.wordpress.com

It's easy, there's not much to learn, just follow the system.

Good luck.

Answer 2

u can try this in the demo account .

and u can trade oil ,gold, NASDAQ 100, DJ 30 , and many more .Forex trading .

http://www.avafx.com/?tag=7777

Answer 3

Leverage is used to trade the forex market’s day to day very small movements. Finexo's sophisticated trading platform enables a yield of profits from a relatively small amount: an initial investment of $100 at a 200:1 leverage, generates yields from an amount of $20,000. With leverage, a .5% rise in the rate of a currency turns to a profit of 100% on your initial deposit amount!

Nonetheless, leveraged trading entails risks; therefore, traders should take everything into consideration. On the other hand, on the Finexo platform traders  cannot lose an amount greater than the total funds in the account.