AAFX Trading reviews and opinions

Yozshulabar

Newbie

Mar 12, 2020

31

9

• Dec 22, 2021

• #101

Guys, I think that you pay too much attention to cryptos. These assets are too volatile and uncertain. Moreover, you can't use AAFX famous leverage with it.
First, I tried to be more tolerant to cryptos, but for the last time I have become more convinced that it’s another pure speculative stuff, another market buble.
What do you think about gold? Do you think it’s going to keep tumbling to hit 1675,05 level on the weekly chart. The price hit several times and I think it may hit it once again.

 

Balladokus

Registered Member

Jul 2, 2019

61

12

• Dec 25, 2021

• #102

Well, it’s possible but I don’t exclude the likelihood that it may go up from the current position and then rebound. I expect this.



Look, there are so many ups and downs on your weekly screen. This flat may continue. My scenario and your version are all parts of the prolonged flat market. I think gold may keep standing still next month.

 

Mikall

Newbie

May 15, 2020

25

12

• Dec 27, 2021

• #103

I don’t care whether cryptos are another market bubble or not. Time will show who’s right about cryptos. I just want to earn on this stuff and I’m already doing this. Maybe the broekr really doesn't give much leverage for Bitcoin compared with forex instruments, but yet, its better than trading it at crypto exchanges with no leverage at all or with a 1:2.

 

Yozshulabar

Newbie

Mar 12, 2020

31

9

• Dec 28, 2021

• #104

Maybe I was just under the impression of my friend’s recent loss on BTC and grumble on it because of it. However, metals are getting more interesting for me. Now I trade gold, silver, and USD/JPY - the only pair that has never let me down.

 

Lightworkerman

Newbie

Feb 29, 2020

45

7

• Jan 13, 2022

• #105

I hesitated for a long time to open a real trading account here. I was very attracted by 1:2000 leverage. At the same time I realized that with my small experience, I could easily burn my depo. In the end, I opened an ECN account here. I thought that hesitation and fear are my worst enemies, so I decided I needed to go ahead immediately.
My plan is to trade with 1:2000 leverage. I plan to enter the market rarely only to hold a trade in the long term. I will do it only when I’m absolutely confident in my market forecast. 1:2000 attracts me with potentially higher earnings but at the same time it looks scary. I need to cope with it.

 

Balladokus

Registered Member

Jul 2, 2019

61

12

• Jan 18, 2022

• #106

That’s so good that you don’t speed up trading with 1:2000 leverage given your modest experience. However, there a possibility that you may stuck in your never-ending waiting for the first step with 1:2000 and never make it.
You act as as a person who put his last money at stake and now waits. If you lack experience, open a demo account and practice trading with 1:2000 leverage. After some time you can shift to a real account. What’s your trading deposit?

 

Lightworkerman

Newbie

Feb 29, 2020

45

7

• Jan 22, 2022

• #107

I deposited $320. I didn’t make a single trade yet.

 

Balladokus

Registered Member

Jul 2, 2019

61

12

• Jan 23, 2022

• #108

Man, forget about 1:2000 leverage with this depo and experience. 1:2000 leverage is a great tool for experience traders. It really allows to earn more than they did before but it all requires a lot of practice.
I repeat once again that I advise you to practice on a demo account. You can combine it with trading on a real account but you’d better keep leverage lower on it, to at least 1:500. I advise you not to increase your lots higher than 0,1 not to burn your depo fast. Over time once you gain enough experience, you can certainly increase lots.

 

Lightworkerman

Newbie

Feb 29, 2020

45

7

• Feb 16, 2022

• #109

I followed your advice. I’m trading on a demo account and testing this 1:2000 leverage. I got mixed impressions. What I see gives me grounds not to speed up my transition to a real account.

 

Balladokus

Registered Member

Jul 2, 2019

61

12

• Feb 18, 2022

• #110

I was right. This leverage is not a toy. It can easily burn your depo. Even a single mistake here can cost you too much.

 

Lightworkerman

Newbie

Feb 29, 2020

45

7

• Feb 21, 2022

• #111

I don’t only work on a demo account. I also traded NZD/USD and AUD/USD on a real account. I traded 0,1 lots and used …. 1:2000 because I needed to see how it works at least with small lots. I wanted to see how it all feels and thought that 0,1 lots wouldn’t a big risk for me. Luckily I closed those trades profitably.

 

Balladokus

Registered Member

Jul 2, 2019

61

12

• Feb 23, 2022

• #112

NZD/USD and AUD/USD move nearly the same and perhaps you took advantage of it. I advise you to trade these pairs synchronically because they rarely move differently. You can hold the same trades on these pairs that is very suitable.
Even 0,1 lots can be dangerous for your trading deposit if you trade gold, silver or Bitcoin. If you overlook the very moment when a waterfall starts on any of these assets, you can lose your depo. For example, Bitcoin tends to tumble steeply. Market markers are especially bloodthirsty for crypto traders’ stops.

 

Lightworkerman

Newbie

Feb 29, 2020

45

7

• Feb 26, 2022

• #113

Thanks, I try to be cautious. Of course, on a demo account I have more freedom and work with bigger lots including 0,5 and even 1-lot trades. I realize it’s too early to try such big lots on a real account but I want to know what to expect from it. It’s not an easy question for me. It’s a question of margin. Bigger leverage needs less margin and it seduces to risk a lot with a smaller depo, but on a demo account I tried various scenarios, saw consequences and think I need to trade on a demo account one more month but I’m very interested in trading with 1:2000 leverage with this broker but realize I need more patience.