If you are a newbie without any trading experience, I suggest trading with a demo account first. But if you have demo experience and are willing to trade live, my suggestion is ICM or FP Markets. Their ASIC regulation offers a leverage of 1:30, which is lower and safe for newbie traders to gain live trading experience with lower risks and loss value.
If you are a beginner, you are still learning how to trade. You can try both higher and lower leverage on a demo account to see how they function, analyze how they work, and then decide for yourself which is best for you.
As a beginner, shouldn't you trade without leverage? Right now, your goal should not be to make a lot of money, but rather to hone your skills and protect your account.
Leverage should be minimal for beginners as it carries a significant amount of risk, thus inexperienced traders shouldn't start with a high level.
As a beginner, I’d suggest you to avoid using leverage and focus on developing and polishing your trading skills. Leverage has serious consequences if not used carefully.
The spell of success is skill development. Traders should spend time for igniting skill if they are determined enough. Traders should learn how to use different tactics of tools of Forex market because these are the issues that ultimately bring success for a trader
If the newbie trader has demo experience and is willing to trade live, it is better to trade with a lower leverage of 1:30, which is offered by FP Markets, or trade with micro lots to avoid high losses.
Yes, it is the first and foremost and essential thing to learn before you would be beginning to trade in the forex market.
learning and practicing at the same time is really a challenging issue , for that reason beginners fail to keep it continue