Forex
Oct 09, 2018 at 06:13
There is no certainty in business including Forex, even this is the most challenging profession where we traders can lose all of our trading capital just within a minute, that’s the importance of money management policies! By the way, I have already reduced my risk reward ratio so smartly according to my long-term trading knowledge and experience!
Oct 09, 2018 at 06:20
Mohammadi posted:
in Forex In order to my trading experience, I think For the traders who are particularly newbie the best leverage is 1:20(maximum) attend no 200. But the trader who has 100% wining method in Forex trading can use 1:500 leverage . 1:500 leverage will be best for those traders. But one thing that, all leverage are good. Its only depends on trading strategies and trading plan of a trader.
Absolutely right! leverage is a very good concept if you have a good trading strategy with proper risk management it can amplify your profits and it can also multiply losses if you don't have any. so it solely depends on the trader how they utilize it.
Member Since Sep 19, 2018
27 posts
Oct 09, 2018 at 09:55
WiktorM posted:Mohammadi posted:
in Forex In order to my trading experience, I think For the traders who are particularly newbie the best leverage is 1:20(maximum) attend no 200. But the trader who has 100% wining method in Forex trading can use 1:500 leverage . 1:500 leverage will be best for those traders. But one thing that, all leverage are good. Its only depends on trading strategies and trading plan of a trader.
Absolutely right! leverage is a very good concept if you have a good trading strategy with proper risk management it can amplify your profits and it can also multiply losses if you don't have any. so it solely depends on the trader how they utilize it.
I agree 100% when I first started trading I was using 1:500 leverage, but after a while I saw that I was over exposing my account, now my trades are around 1:5 leverage and my results are much better!
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Member Since Feb 22, 2011
4862 posts
Oct 09, 2018 at 14:12
Dambovita posted:
You must have big account for 1:5. I need the leverage other wise I would not be able to make any money at all. We are all here to make real money not a few dollars a week. I need the leverage for that
Leverage is NOT account protection.
Yes it close trade at the loss but if you do repeat that too often it will wipe the account as well
Check this account with low leverage as example
https://www.myfxbook.com/members/joshuaD/bag/2570876
Oct 14, 2018 at 08:14
in Forex Self learning is best But honestly speaking without a great mentor that’s really difficult to learn Forex as a beginner. Because this market is too much volatile and widespread. Beginners can take demo trading for self learning besides Pips school.
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