High leverage = High risk?
Member Since Jun 23, 2020
29 posts
Mar 24, 2021 at 10:13
@voicebissa So you’re saying that if I have a $1,000 account balance and set the stop loss at 10 pips, I can use 10:1 leverage with the 0.10 lots position size?
Member Since Jun 23, 2020
26 posts
Mar 26, 2021 at 07:48
I prefer applying small amounts of leverage to each of my trades as it leaves more room for trades with a wider stop loss to avoid a higher loss of capital. Remember that a highly leveraged trade can deplete your account quickly if it goes against you.
Member Since Mar 16, 2021
477 posts
Mar 28, 2021 at 00:41
Higher leverage is very risky but how much leverage I will use usually depends on the investment. If I want to select low leverage with a small deposit, it will be very difficult for me. I have to select leverage with a good deposit.
Vanza Dorbey (vanzadorbey)
Member Since Jan 17, 2021
31 posts
Mar 29, 2021 at 13:37
If anyone has found a way to beat the market then you can even use 10000x leverage. If you haven't then you will loose your money...
Test yourself open a demo account out of 30 trades if you don't loose. Then use the highest leverage...
Test yourself open a demo account out of 30 trades if you don't loose. Then use the highest leverage...
Mar 31, 2021 at 04:15
You don’t have to be afraid of using leverage. Use trailing stops to reduce your losses when a trade goes in the wrong direction. Just see to it that your broker allows using different stops. And this is not the only advantage of these stops that I see. It so much reduces the emotion of trading and surely results in better trading decision-making.
Member Since Oct 29, 2020
53 posts
Apr 02, 2021 at 07:37
LukeRachel posted:
Higher leverage is very risky but how much leverage I will use usually depends on the investment. If I want to select low leverage with a small deposit, it will be very difficult for me. I have to select leverage with a good deposit.
Wouldn’t higher leverage with a higher deposit entail an even higher risk :)
Member Since Oct 29, 2020
53 posts
Apr 02, 2021 at 07:38
vanzadorbey posted:
If anyone has found a way to beat the market then you can even use 10000x leverage. If you haven't then you will loose your money...
Test yourself open a demo account out of 30 trades if you don't loose. Then use the highest leverage...
Ya I agree with testing out on n number of trades on demo account first
Freddy Taylor (Freddy4Taylor)
Member Since Aug 04, 2021
37 posts
Aug 05, 2021 at 14:11
I try to trade 1: 500
It seems to me that this is normal
It seems to me that this is normal
No job too big. No job too small.
Member Since Mar 17, 2021
536 posts
Aug 06, 2021 at 09:24
RobSchiz posted:Yes. Every new trader should practice on a demo account to improve their skills.
A demo is the best place to learn all the basics of forex properly.
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