operate forex without brokerage

[bigdolly]

Well yes its a first step, then you need to care about your strategy, opening position only on one instrument is risky because its inefficient with high risk. Rather try to decrease risk but decrease profit to less extent, rather than dreaming about millions trading 1:1000 leverage, its worse than casino.

And what's your preferred risk reward ratio? I set 1:100 leverage at my broker, limited my lot size to 0.3 TP 150 pips, SL 100 pips

 

[maria_taylor]

i think it is not possible to trade on forex without broker

Technically you can trade with a bank who exchanges currencies. But you have to pay hefty fee to the bank in return of exchanging your currency every time. Moreover, you cannot enjoy the other services like leverage, deposit bonus etc.

But still if you want to trade without a broker than you need to be your own broker, for that you are required to spend in millions.

 

[Morten]

Broker is a necessary and versatile part of the trading body on the Forex market. You have to select a broker for executing your trades. It is a complete online system of trading from your home in a comfortable environment at any time. Choose a broker with good market reputation. Best of luck!