tradejoker
Recruit
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Hello, first of all I am new to forex and trying to understand risks. I heard that FBS and Tickmill offers negative balance protection, I asked them and they told me that I will never lose more than my initial deposit, anyway I am not fully satisfied with their answers so I am asking here..
I am using an EA that trades on EURUSD, USDJPY, XAUUSD DE30 AND SPX500, my questions are:
1 - Should I stay away from one of these pairs or indexes for being dangerous for its own nature?
2 - do Tickmill and FBS really offer REAL negative balance protection as they state? In Tickmill site I see that they offer negative balance protection BUT I also see a warning saying that I can lose more than my account balance so I am very worried.
3 - I copied the settings of EA developer and using same leverage like 1:500, will this lead me to catastrophic chances of loss?
4 - IF i start trading with an account made in name of my company instead of a personal account in my own name as a person, will this protect my house and savings better?
Thanks to everybody that could help me to understand IF trading forex is safe enough for me and IF these brokers offers real negative balance protection..
I am using an EA that trades on EURUSD, USDJPY, XAUUSD DE30 AND SPX500, my questions are:
1 - Should I stay away from one of these pairs or indexes for being dangerous for its own nature?
2 - do Tickmill and FBS really offer REAL negative balance protection as they state? In Tickmill site I see that they offer negative balance protection BUT I also see a warning saying that I can lose more than my account balance so I am very worried.
3 - I copied the settings of EA developer and using same leverage like 1:500, will this lead me to catastrophic chances of loss?
4 - IF i start trading with an account made in name of my company instead of a personal account in my own name as a person, will this protect my house and savings better?
Thanks to everybody that could help me to understand IF trading forex is safe enough for me and IF these brokers offers real negative balance protection..