For traders aiming to capitalize on bounces and reversals using Fibonacci retracements, selecting a broker that offers high leverage is advantageous. Personally, I recommend Exness, which provides leverage up to 2,000x. With Exness, an initial capital of approximately $150 allows you to enter a position of nearly 0.5 lots. In gold trading, a 0.5-lot position can yield a profit of $150 with a 30-pip movement, making it well-suited for strategies targeting rebounds. Our trading approach typically aims for gains of 30 to 50 pips.
Conversely, other brokers may require more substantial capital for similar trades, making it challenging to pursue short-term rebound strategies without higher leverage. Unless another broker offers leverage exceeding that of Exness, Exness remains a reliable choice, offering both high leverage and dependable withdrawal processes.
To open an account with Exness, please click on the logo below:
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