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richardmarcus
Jan 27 at 04:07
89 posts
momo3HC posted:
I`m even seeing a leverage of 1:2000 which is madness i think.

they might be unregulated brokers

Marlonsmith
Jan 27 at 05:39
24 posts
Richarlison872 posted:
elaboy posted:
High leverage is risky if you don't use max 3x 5x on a 100x activated account.

Yes high leverage is risky but rewarding also,if you seriously think that a particular high value trade can bring you profit. do it with leverage. Also if you don’t know the risk of leverage, definitely don’t do leverage trading.

I think the higher leverages by the broker is a plus point. If you get solid trading opportunities with the leverage the profit will be huge. We cannot say leverage is not important because frankly you can get more rich by just using leverage right..

Mikehamilton
Jan 27 at 09:12
30 posts
Marlonsmith posted:
Richarlison872 posted:
elaboy posted:
High leverage is risky if you don't use max 3x 5x on a 100x activated account.

Yes high leverage is risky but rewarding also,if you seriously think that a particular high value trade can bring you profit. do it with leverage. Also if you don’t know the risk of leverage, definitely don’t do leverage trading.

I think the higher leverages by the broker is a plus point. If you get solid trading opportunities with the leverage the profit will be huge. We cannot say leverage is not important because frankly you can get more rich by just using leverage right..

I do acknowledge that leverage is important but is it worth it to risk your money for one profit? Doesn’t the consistency of the profits matter more than one single profit and then in the next you are bankrupt. Moreover there are many genuine brokers like Etoro, Fxview, Oanda, IG, Pepperstone etc. which provide good leverages but there are a plethora of scam brokers who use enormously high leverage ratios as the bait for the new brokers. So it is a message to the traders that be cautious with the brokers who provide very high leverage.

KnowFinance
Jan 27 at 10:35
69 posts
GeorgeBischof posted:
Emotion is the most dangerous enemy for a trader in this forex market. If you can not control your emotions you can face a great loss.

Agreed, emotions have always ruined one’s trading journey.

Richarlison872
Jan 28 at 04:41
23 posts
Mikehamilton posted:
Marlonsmith posted:
Richarlison872 posted:
elaboy posted:
High leverage is risky if you don't use max 3x 5x on a 100x activated account.

Yes high leverage is risky but rewarding also,if you seriously think that a particular high value trade can bring you profit. do it with leverage. Also if you don’t know the risk of leverage, definitely don’t do leverage trading.

I think the higher leverages by the broker is a plus point. If you get solid trading opportunities with the leverage the profit will be huge. We cannot say leverage is not important because frankly you can get more rich by just using leverage right..

I do acknowledge that leverage is important but is it worth it to risk your money for one profit? Doesn’t the consistency of the profits matter more than one single profit and then in the next you are bankrupt. Moreover there are many genuine brokers like Etoro, Fxview, Oanda, IG, Pepperstone etc. which provide good leverages but there are a plethora of scam brokers who use enormously high leverage ratios as the bait for the new brokers. So it is a message to the traders that be cautious with the brokers who provide very high leverage.

Leverage is not the culprit but yes, you should be cautious with the very high leverage brokers.

lovefortrading (perryjohn765)
Jan 28 at 05:26
124 posts
people loves high leverage as it gives them a chance to earn a good money but it is a double edged sword. it gives big profit but losses comes big as well..

Jude_craig
Jan 28 at 06:35
60 posts
perryjohn765 posted:
people loves high leverage as it gives them a chance to earn a good money but it is a double edged sword. it gives big profit but losses comes big as well..

Totally agree. That is why i believe that we should be very catious while deciding how much leverage would be fine for an individual. Higher the leverage, higher the risk of running losses.

78678676
Jan 28 at 07:00
38 posts
perryjohn765 posted:
people loves high leverage as it gives them a chance to earn a good money but it is a double edged sword. it gives big profit but losses comes big as well..

100 % Correct.

Marlonsmith
Jan 28 at 07:12
24 posts
Richarlison872 posted:
Mikehamilton posted:
Marlonsmith posted:
Richarlison872 posted:
elaboy posted:
High leverage is risky if you don't use max 3x 5x on a 100x activated account.

Yes high leverage is risky but rewarding also,if you seriously think that a particular high value trade can bring you profit. do it with leverage. Also if you don’t know the risk of leverage, definitely don’t do leverage trading.

I think the higher leverages by the broker is a plus point. If you get solid trading opportunities with the leverage the profit will be huge. We cannot say leverage is not important because frankly you can get more rich by just using leverage right..

I do acknowledge that leverage is important but is it worth it to risk your money for one profit? Doesn’t the consistency of the profits matter more than one single profit and then in the next you are bankrupt. Moreover there are many genuine brokers like Etoro, Fxview, Oanda, IG, Pepperstone etc. which provide good leverages but there are a plethora of scam brokers who use enormously high leverage ratios as the bait for the new brokers. So it is a message to the traders that be cautious with the brokers who provide very high leverage.

Leverage is not the culprit but yes, you should be cautious with the very high leverage brokers.

The best way to stay safe is to use a regulated broker. I use two brokers and both of them are regulated by multiple financial authorities (Fxview and Instaforex). The regulations are a sure shot way of telling the fraud broker from the real one.

forextrader777
Jan 28 at 10:42
76 posts
Leverage should be used by only those traders who know how to play with it.

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