How true is High leverage = High risk?
Member Since Oct 01, 2020
27 posts
Nov 26, 2020 at 10:52
Isn’t trailing stop loss a better use of sl? Also of late I have been relying a lot on the economic calendar. Really helpful in knowing if a particular time is good to trade.
Member Since Jul 20, 2019
338 posts
Nov 26, 2020 at 13:10
posted:
Are high and low leverage two sides of the same coin? I have started fresh in forex and not able to make a right judgment for a good leverage.
Not sure how correct it is to say there are high risks with high leverage.
Recommendations needed from experience holders.
No one should ever use a leverage above 1:500. This should be the overall maximum for everyone. Everything above is like you'd go to the bank and they'd give you a credit that is more than 500 times higher than your income, knowing you'd never ever get the chance to pay a possible loss back anytime soon (like if your monthly income is like 2k and they'd give your more than 1 million; that's not gonna happen). The most preferable leverages are between 1:10 and 1:500, but that's just my own opinion. Personally I prefer 1:100, but actually I trade with 1:500 on all my used brokers (because they won't give me 1:100), except my Cysec-/ESMA-regulated one where I get a max. of 1:30 which is still okay.
patience is the key
Member Since Oct 01, 2020
33 posts
Nov 26, 2020 at 13:24
another sharp point is your size of contract. It can be easily increased or lowered. Your trade location might be an influential factor with margin requirements and hence the max leverage. Most intermediate traders (include me too!) prefer a lower bet size and for that purpose, Metatrader 4 comes into picture as it allows that.
When I was into the process of transitioning to Fxview, I cancelled out a few shady brokers and preferred to go with regulated ones that also allowed support for MT4 and other trading platforms. Fxpro was my closest choice to catch up with MT5 and cTrader.
I just narrowed down to ecn as with my options shortlisted, Fxview was providing it. I prefer ecns for their adaptability to spreads when markets are highly volatile. I like to be pinned with low spreads afterall.
When I was into the process of transitioning to Fxview, I cancelled out a few shady brokers and preferred to go with regulated ones that also allowed support for MT4 and other trading platforms. Fxpro was my closest choice to catch up with MT5 and cTrader.
I just narrowed down to ecn as with my options shortlisted, Fxview was providing it. I prefer ecns for their adaptability to spreads when markets are highly volatile. I like to be pinned with low spreads afterall.
Member Since Oct 01, 2020
27 posts
Dec 01, 2020 at 09:40
I spent half a year just trying and deliberating different brokers and kinds of accounts. I think every trader should.
forex_trader_1996705
Member Since Nov 12, 2020
12 posts
Dec 01, 2020 at 09:57
Use low leverage for better risk management
Dec 01, 2020 at 10:31
Dorigda posted:
The ability to manage capital and certain skills can make the risks much less, and if you still use good leverage, like the broker Amarkets 1: 1000, then, in principle, there are no problems.
It is ultimately all about risk management. Because I think not using leverage is just playing it too safe, and that can certainly not lead to big gains.
Member Since Oct 01, 2020
27 posts
Dec 02, 2020 at 03:55
High leverage is only safe in the hands of very experienced traders. It’s not meant for all.
Member Since Jul 09, 2020
30 posts
Dec 02, 2020 at 08:07
As I traded in the past, besides the leverage concern, I do assume that some of most underrated tools come in handy to arbitrate your ongoing trades.
Being a FXTM user, I mostly spent my time with: Pivot Point Strategy, Forex News Timeline, Margin Calculator, Profit Calculator and Invest Profit calculator.
@Lorencecolling : just out of curiosity, do you also feel that such tools are helpful in settling your trades to some extent? How’s it with yours, fxview?
Would appreciate a reply.
Being a FXTM user, I mostly spent my time with: Pivot Point Strategy, Forex News Timeline, Margin Calculator, Profit Calculator and Invest Profit calculator.
@Lorencecolling : just out of curiosity, do you also feel that such tools are helpful in settling your trades to some extent? How’s it with yours, fxview?
Would appreciate a reply.
Member Since Oct 01, 2020
33 posts
Dec 03, 2020 at 10:46
williamhayes posted:
As I traded in the past, besides the leverage concern, I do assume that some of most underrated tools come in handy to arbitrate your ongoing trades.
Being a FXTM user, I mostly spent my time with: Pivot Point Strategy, Forex News Timeline, Margin Calculator, Profit Calculator and Invest Profit calculator.
@Lorencecolling : just out of curiosity, do you also feel that such tools are helpful in settling your trades to some extent? How’s it with yours, fxview?
Would appreciate a reply.
it’s not my bank account password you are asking for so I am all in for sharing my experiences :)
I am more into intuitions and instincts so don’t use them much.
Besides not operating all calculators (commissions, margins, pip values, swap, profit/loss, fibonacci, position sizes, pivot points) I rarely use autochartist on fxview for real time updates when I have my eyes glued to the screen.
Fine tuning my strategies is my only strategy to more successful trades (about 70%).
Member Since Jul 20, 2019
338 posts
Dec 04, 2020 at 08:54
Why are you all advertising for your brokers here? The question was about leverage not about brokers. 🙄
The higher the leverage the higher the risks (that you'll lose it all (if huge losses), or that the broker won't pay you out (if huge profits)).
The higher the leverage the higher the risks (that you'll lose it all (if huge losses), or that the broker won't pay you out (if huge profits)).
patience is the key
Member Since Jul 20, 2020
278 posts
Dec 06, 2020 at 10:11
I think High leverage means high risks if you don't have enough knowledge about using the leverage.
Member Since Oct 01, 2020
27 posts
Dec 08, 2020 at 12:57
williamhayes posted:
As I traded in the past, besides the leverage concern, I do assume that some of most underrated tools come in handy to arbitrate your ongoing trades.
Being a FXTM user, I mostly spent my time with: Pivot Point Strategy, Forex News Timeline, Margin Calculator, Profit Calculator and Invest Profit calculator.
@Lorencecolling : just out of curiosity, do you also feel that such tools are helpful in settling your trades to some extent? How’s it with yours, fxview?
Would appreciate a reply.
I completely agree. High leverage should be left to the experts. Not everyone can handle that specially the newbies around. If the trade goes in the opposite direction, you’ll lose it all.
Dec 09, 2020 at 07:22
posted:
Are high and low leverage two sides of the same coin? I have started fresh in forex and not able to make a right judgment for a good leverage.
Not sure how correct it is to say there are high risks with high leverage.
Recommendations needed from experience holders.
I think high leverage will put your capital in high risk. 1:500 should be maximum for all although different brokers are offering different leverage but ultimately profit making in forex depends on your skills only.
The more your practice, the more you learn.
Dec 09, 2020 at 10:32
Ezereombre posted:
Fxview?? Never heard! Another offshore I bet
I use Fxview and it is fine. I think as long as your trade is good, it doesn’t really matter if the broker is local or not. At least it‘s regulated (not that it matters to me).
Member Since Oct 05, 2020
16 posts
Dec 10, 2020 at 13:25
I don’t think you should worry so much. Just choose the right platform and trade. I trade with XTB and Forex.com. The leverage varies from trade to trade and is usually high. Since it has worked for me, I go with it.
