It is a great advice Russel, that in the beginning try to trade micro lots, and use innovative strategies for the same.
Leverages for me are still like a double edge sword so I do not use that much.
Feb 18 at 13:15
Marksteve posted:
Leverages for me are still like a double edge sword so I do not use that much.
I agree that using leverage is way too risky but with less capital it's are worth the risk.
Yes
High leverage = High risk = High chance of wiping out your account/funds
High leverage = High risk = High chance of wiping out your account/funds
Feb 22 at 11:20
Only if you dont know how to use it. If you get to a good stage of trading then sometimes you can use it to your advantage
Feb 23 at 04:54
High leverage doesn’t always mean risk. It is all about knowing what you are doing. If you can manage using high leverage there is no harm in using it.
For me, 1:100 is a good leverage to use. There is no point in risking a big amount that if lost, can pose a heavy burden on your finances. Give it a thought before you take the risk of using high leverage.
Feb 23 at 10:43
I find leverage as a good way of enhancing your profits. But we cannot overlook the fact that it also amplifies your losses. Use leverage only when you are sure about a market move. If it is about testing leverage, you can go up to 1:10 because beyond that would be quite a high risk.
A higher leverage is way too risky, specially for a newbie who can end up getting himself trapped in a bad debt.
Feb 23 at 15:19
78678676 posted:
A higher leverage is way too risky, specially for a newbie who can end up getting himself trapped in a bad debt.
Thats is very correct.
