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What is your favorite leverage?
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Breonnataylor

Member Since Oct 09, 2020  20 posts Breonnataylor Nov 09 at 04:05
For a new trader my advice would be to use lower leverages. Or if you really want to get a hand on higher leverage then try with small deposit amounts. Open an account with a broker that has a very low minimum balance requirement like Degiro, no min balance required, or Fxview (Euro 5). This will give you confidence for switching on to higher amounts with higher leverages.

Gracewilson1995

Member Since Jan 11, 2019  73 posts Gracewilson1995 Nov 09 at 05:48
for me the minimum required is 50X and maximum i like to avail is 500X.

jimmyneeesham

Member Since Oct 05, 2020  19 posts jimmyneeesham Nov 09 at 07:15
Do leverage facilities come with some hidden charges?

Imamul

Member Since Aug 09, 2017  520 posts Imamul Nov 09 at 08:52
when i can predict the real faction of this market with certainly then i use only high leverage to bring profit very rapidly. otherwise i always use low leverage.

Amber_0302

Member Since Mar 16, 2020  53 posts Amber_0302 Nov 09 at 09:03
I'm using 30x leverage and it works fine for me

mitchelstrack

Member Since Oct 05, 2020  18 posts mitchelstrack Nov 09 at 11:12
No, leverage is something that all brokers provide and an option provided by the broker to its client for free. Some brokers provide leverages of 1:200, 1:300 and some even up to upto 1:500 as well.

Marshshaun

Member Since Oct 06, 2020  17 posts Marshshaun Nov 10 at 04:30
If you have stop loss intact and know how to manage risk, I don't think using 1:500 would be any problem.

marnuslabushane

Member Since Oct 06, 2020  24 posts marnuslabushane Nov 10 at 10:23
I agree! Haven’t used 500x leverage though, but even the 200 that I use has given me excellent returns on USDJPY. Normally I use my accounts with ic markets, cause high leverage coupled with low spreads can be the best deal for any trader.

AniLorak

Member Since Apr 18, 2017  885 posts AniLorak Nov 10 at 12:25
leverage is an important financial tool which an investor should consider when choosing a broker. i always trade with low leverage to avoid unfortunate risk and losses.

Lorencecolling

Member Since Oct 01, 2020  28 posts Lorencecolling Nov 11 at 04:11
I also use high leverage with USDCAD, AUDUSD (though this was worst) on my three different accounts with InstaForex, Fxview and ICM. Prefer USDCAD as a major currency pair for its comparatively low volatility.

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EURUSD 1.19606 GBPUSD 1.33021
USDJPY 104.093 USDCAD 1.29894

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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.