On this account I trade only GBPUSD as this pair has the most transparent volume data of all pairs. Copiers be advised that I don’t like drawdowns more than 10-15%. In case that happens, I use progressive reverse pending orders, or cut losses depending on market conditions. So, I kindly ask to be prepared for periods of non-profits or, in case of cut losses to a maximum 5% - 8% drawdown of balance.
I’m in Forex trading for about 3 years. I trade both manually and automated using an innovative EA that complies well in significant volatility market.
Risk Warning: Trading Forex and CFDs on margin carries a high level of risk and may not be suitable for all investors. CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 72.72% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money. Prior to trading, you should take into consideration your level of experience and financial situation. TeleTrade strives to provide you with all the necessary information and protective measures, but, if the risks seem still unclear to you, please seek independent advice.
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