My experience with Iforex
The first broker I used in a real account was Iforex, I tried it at the beginning in a demo account and to be honest, it went well for me. That convinced me to try with real money. I made a deposit of 100$ and they approved me 100$ in welcome bonus. The product I started trading was cocoa, and the truth is I did super well, I tripled my investment in a week but ....
I did not take into account that just as the price goes up it can also go down, and I was in free fall waiting for a miraculous price recovery which did not happen.
Risk management is fundamental in trading, knowing how to place stop losses at a point where the operation does not close with a moderate drop but also not so low to lose a lot of capital.
My advice for those who venture into trading is to first research a lot about concepts, look for REAL tutors. and most importantly, DO NOT risk more than you are willing to lose.
Regards
The first broker I used in a real account was Iforex, I tried it at the beginning in a demo account and to be honest, it went well for me. That convinced me to try with real money. I made a deposit of 100$ and they approved me 100$ in welcome bonus. The product I started trading was cocoa, and the truth is I did super well, I tripled my investment in a week but ....
I did not take into account that just as the price goes up it can also go down, and I was in free fall waiting for a miraculous price recovery which did not happen.
Risk management is fundamental in trading, knowing how to place stop losses at a point where the operation does not close with a moderate drop but also not so low to lose a lot of capital.
My advice for those who venture into trading is to first research a lot about concepts, look for REAL tutors. and most importantly, DO NOT risk more than you are willing to lose.
Regards