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high leverage
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togr

Member Since Feb 22, 2011  4833 posts vontogr (togr) Jun 26 2018 at 10:42
hankway10 posted:
High leverage should go with small lots to effectively control your risks. A lot of new traders fantasize about double their funds with high leverage, but end up throwing their money into the ocean..


High leverage allow high lots
Low leverage allow low lots
Risk is controlled by other tools than leverage


maria_taylor

Member Since Mar 12, 2018  40 posts maria_taylor Jun 26 2018 at 11:41
togr posted:
hankway10 posted:
High leverage should go with small lots to effectively control your risks. A lot of new traders fantasize about double their funds with high leverage, but end up throwing their money into the ocean..


High leverage allow high lots
Low leverage allow low lots
Risk is controlled by other tools than leverage


Perfect!

RedPips

Member Since Feb 15, 2018  14 posts RedPips Jun 26 2018 at 12:30
Stop loss is and Lot size is the main way that I manage risk. Just because can you a high Lot size does not mean that you have to use one

YellowStoneFX

Member Since Jun 26, 2018  10 posts YellowStoneFX Jun 27 2018 at 06:04
My broker only allows 1:50 at most. Is that normal? I thought you could get 1:500

hankway10

Member Since Jun 12, 2018  3 posts Han (hankway10) Jul 01 2018 at 05:47
YellowStoneFX posted:
My broker only allows 1:50 at most. Is that normal? I thought you could get 1:500


It depends on the monitoring authority. Which broker you're using?

hankway10

Member Since Jun 12, 2018  3 posts Han (hankway10) Jul 01 2018 at 05:48
togr posted:
hankway10 posted:
High leverage should go with small lots to effectively control your risks. A lot of new traders fantasize about double their funds with high leverage, but end up throwing their money into the ocean..


High leverage allow high lots
Low leverage allow low lots
Risk is controlled by other tools than leverage



Yes.
What I'm saying is for those new traders who dream of using small funds with high leverage to flip their profits. I'm just say for beginners it's not a good idea

NoahMartin

Member Since Apr 18, 2018  17 posts NoahMartin Jul 06 2018 at 10:34
YellowStoneFX posted:
My broker only allows 1:50 at most. Is that normal? I thought you could get 1:500


Before taking a decision to choose broker, it's necessary to choose your suitable leverage first. Only then would you find the right broker that suits your needs.

In average, brokers offers maximum leverage of 500:1.

Professional4X

Member Since Jan 05, 2016  1189 posts Professional4X Jul 07 2018 at 01:00
YellowStoneFX posted:
My broker only allows 1:50 at most. Is that normal? I thought you could get 1:500


If you are a trader in the United States, then absolutely.
That's the maximum leverage a retail forex trader has available.


If it looks too good to be true, it's probably a scam! Let the buyer beware.
BaldoN

Member Since Feb 12, 2016  522 posts Baldo (BaldoN) Jul 09 2018 at 14:51
YellowStoneFX posted:
My broker only allows 1:50 at most. Is that normal? I thought you could get 1:500


Could you please share with us, which broker you are using, so we can advise you additionally...

goyankees85

Member Since May 18, 2015  118 posts goyankees85 Jul 10 2018 at 06:41
As far as picking a broker, just note and I find it funny that no one has mentioned the following... The broker takes more risk than the client because they offer the leverage. In the case of which a broker goes under, you can kiss you money good bye. Ask the people who lost money even though they werent in CHF pairs when the black swan account happened. No one has shown proof of getting their funds back and FXCM is a REGISTERED COMPANY IN THE US STOCK EXCHANGE NASDAQ. All in all, one needs to find a fool proof system before they even deposit in forex because if you dont, then you will be like tgor and with blown accounts by the dozen. Time will pass and you will have spent so much time and money only to get nothing out of it.

My avatar explains "social trading" perfectly.
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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.