Marksteve posted: I don’t know, I haven’t used high leverage ever.
I think anyone can try their hands on high leverage once in a while. There is no such rule for that. Yes, the risk would be high but isn’t that the whole point of trading?
I agree with you. But sometimes, I feel like high leverage is only for expert traders and that it is difficult for others to minimise losses. I like to trade on demos along with the live accounts and it is somewhat easy to keep the leverage high on demos. Wish it was as easy on live. I’m using Fxview and XTB as my brokers now, still using my old account of Mitrade for demo and trying out different strategies including a higher leverage.
The two important concepts of forex money management is leverage and margin, Leverage allows traders to invest much more than available into their trading account whereas margin is the real amount that a trader needs to put forward in order to open a trade.
True, leverage can lead to both neg and pos results, but managing our funds is in our own hands. The better we handle our money, the more close we are to our goals. I always rebalance my positions in a trade if I get a bad signal from any indicator.
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Leverage creates additional risk and loss exposure. Before you decide to trade foreign exchange, carefully consider your investment objectives, experience level, and risk tolerance.
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