Sometimes things are better said as a video. I picked up this video yesterday and thought I'd share it. Its a really helpful way to understand how currency trading are bought and sold on the largest financial market in the world as well as how it influences other asset markets too!.
IX Global doesn't touch your broker account, the only thing connected is the automation service so you can withdraw and deposit as and when you want. What you earn in your trading account is yours and you deposit and withdraw from your broker account as you like.
However to benefit from the opportunity to increase your lot size and compound interest -it's best to keep all your equity in your broker account. If you do withdraw try to limit it to about 30% but really its up to you!
Yes you can increase or decrease lot size. eg. if you start with 1000 then the lot size is set at 0.01 and when your equity rises to 2000 then you can increase to 0.02. As the equity in your account increases you can increase your lot size.
If you withdraw funds from your account then it is important to decrease your lot size too. This ensures your capital is managed with the appropriate leverage and you are adhering to good risk management guidelines.
Risk management is an important pillar in trading and its important that one understands this. Alot of people lose money with forex trading because they have over leveraged their trading account and are risking too much of their capital on trades.
I've seen this a number of times now when people send me their screen shots of their MT4 app and its very upsetting to see this. When you don't adhere to proper risk parameters many find themselves where their trading accounts just bleed money. If you are risk averse then this is also an important pillar to learn.
I serve people who want a solution to their future money plan because time is running out and they haven't saved enough and need a money making tool to build their future.