Leverage inquiry

Nikafiqah
Nikafiqah
May 17, 2023 at 08:57
337 Views
2 Replies
Nikafiqah
Nikafiqah
Member Since May 17, 2023   1 posts
May 17, 2023 at 08:57
good day everyone. as a new trader, what is the suitable leverage for me? I have checked at Roboforex website, the maximum leverage they offered is 1:2000 is that okay for me as a new trader?
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Tradelist45
Tradelist45
Member Since Jun 26, 2020   327 posts
May 17, 2023 at 09:40
the new Forex trader should not use leverage due to lack of risk management. this is very common story
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EmilyLee
EmilyLee
Member Since May 06, 2023   46 posts
May 17, 2023 at 09:51
For newbies, I don't think such high leverage is a good thing
Quick to earn and quick to lose
The market always has unpredictable fluctationes，risk management is always the number one priority
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HIGH RISK WARNING: Foreign exchange trading carries a high level of risk that may not be suitable for all investors. Leverage creates additional risk and loss exposure. Before you decide to trade foreign exchange, carefully consider your investment objectives, experience level, and risk tolerance. You could lose some or all of your initial investment. Do not invest money that you cannot afford to lose. Educate yourself on the risks associated with foreign exchange trading, and seek advice from an independent financial or tax advisor if you have any questions. Any data and information is provided 'as is' solely for informational purposes, and is not intended for trading purposes or advice. Past performance is not indicative of future results.