i have been doing a practice acount for a while and know how to read the charts

i am interested in starting with a few hundred dollers and adding a little bit each check

what i dont understand is the leverage 1:10 all the way to like 1:200

what is better why is it better does it effect the pips??

what is recomended for a beginer using small amounts of money??

Answer
Great! Good for you for getting your hands dirty...

You choose your leverage depending upon how much stress you can take.

1:10 means $1 = $10 in your trade
1:200 means $1 in your trading account can control $200

So it does effect the pips.
If you had $1000 in your account with 1:10 leverage - you are effectively trading $10,000
Whereas if you had 1:200 leverage you are controlling $200,000

If you are just starting out, start with the least money possible and the least leverage just to get a feel of trading.

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Answer
As a 10+ year Forex trader, here is how I trade to make money...

If you want, you can also follow these steps. I've dumbed it down to the easiest, yet safest way to win in the Forex.

1) Open a live account at http://bit.ly/iPV25O
2) Select AAAFx broker, and open MICRO account with 200:1 leverage.
3) Deposit at least $300 in your account to start.
4) "Add to Portfolio" the top 20 strategies at http://bit.ly/mJiyZV
5) Don't add any strategy that makes less than 10 average pips per trade.
6) ...when adding strategies, set maximum number of trades to 5, and...
7) ...select lot size of 0.1 "mini" lots for each $1000 in your account.
8) It will trade automatically, following all those top 20 strategies.
9) Then sit back, relax and take a vacation as you make easy Forex money.