Need to know the truth

Feb 05, 2021 at 12:39
3,904 Views
46 Replies
Member Since Feb 05, 2019   2 posts
Feb 05, 2021 at 13:48
They can but some of them may require you to answer some questions before they make a decision to provide you with 1:200 leverage. The reason is they don't want their traders to lose more than what they have in their accounts and this usually only happens with leverage of more than 1:100. In general your assumption is correct, no good broker will give you 1:300 - 1:500 leverage as your loss doesn't go into their pocket and it is always a hassle to get money from clients to cover their negative balance.
Member Since Apr 18, 2017   718 posts
Feb 08, 2021 at 11:27
risk is everywhere in Forex its a very common thing , there is no one who can deny but if you have proper money and risk management then within a very short time you can bring good amount of profit from here.  
Member Since Jul 09, 2020   39 posts
Feb 10, 2021 at 06:09
AmDiab posted:
risk is everywhere in Forex its a very common thing , there is no one who can deny but if you have proper money and risk management then within a very short time you can bring good amount of profit from here.  
Agreed and that’s why 1:3 risk reward ratio is preferred. I also believe trading on leverage is a safe bet. Correct me if I’m wrong.
Member Since Oct 16, 2020   137 posts
Feb 11, 2021 at 11:16
ECN brokers can provide you a higher leverage, provided you can qualify as a professional trader.
Member Since Jul 19, 2020   788 posts
Feb 11, 2021 at 16:29
It is essential to maintain risk in trading. If you can't maintain risk, you can never get good rewards from trading.
Member Since Oct 07, 2020   104 posts
Feb 12, 2021 at 04:26
jamesmaxwell52 posted:
I have been exploring articles and discussions and found that a real ECN broker can’t provide leverage more than 1:100. Is this even correct?
true that there are rules and regulations that a forex roker need to follow offshore brokers can provide you with extra leverage but it is all risky..
Member Since Jul 09, 2020   39 posts
Feb 12, 2021 at 06:24
Marshalsam877 posted:
williamhayes posted:
AmDiab posted:
risk is everywhere in Forex its a very common thing , there is no one who can deny but if you have proper money and risk management then within a very short time you can bring good amount of profit from here.  
Agreed and that’s why 1:3 risk reward ratio is preferred. I also believe trading on leverage is a safe bet. Correct me if I’m wrong.
Let me try explaining it to you in numbers. I agree with @gareylinn509. If you decide to use hgh leverage, say 50:1, and purchase 5 standard lots, each one pip movement will cost you $50. In case the trader goes against the investor by 50 pips, the investor would end up losing $2500 which will be 25% of the total $10,000 trading account.
I believe selecting the right leverage is something that entirely depends on the trader’s experience, his comfort while operating currencies, and risk tolerance level. Beginners should however familiarize themselves with the jargons and build some experience in keeping small positions, using trailing stops, and restricting the capital amount for each position.
Member Since Sep 30, 2020   26 posts
Feb 12, 2021 at 08:24
jamesmaxwell52 posted:
I have been exploring articles and discussions and found that a real ECN broker can’t provide leverage more than 1:100. Is this even correct?
No it isn’t. I mean it does depend on your broker or your country, but real ECN brokers can in fact offer you more than that, even though you don’t have to use that.
Member Since Feb 05, 2019   2 posts
Feb 13, 2021 at 13:33
jamesmaxwell52 posted:
rgakalo posted:
They can but some of them may require you to answer some questions before they make a decision to provide you with 1:200 leverage. The reason is they don't want their traders to lose more than what they have in their accounts and this usually only happens with leverage of more than 1:100. In general your assumption is correct, no good broker will give you 1:300 - 1:500 leverage as your loss doesn't go into their pocket and it is always a hassle to get money from clients to cover their negative balance.
Wait!! Isn’t negative balance protection provided by the brokers?? I thought that was a given.
No true broker will give you a negative balance protection. If your broker makes money from commissions and not from being a counter-party for your trades, he can't cover your negative balance as your losses don't go into his pocket.
Member Since Jul 19, 2020   788 posts
Feb 15, 2021 at 16:55
Trading is very risky. Money management and risk management are essential to control the risk. Discipline and plan together help to make a trading profit.
Member Since Jan 11, 2019   147 posts
Feb 15, 2021 at 18:23
jamesmaxwell52 posted:
I have been exploring articles and discussions and found that a real ECN broker can’t provide leverage more than 1:100. Is this even correct?
Regulated brokers generally give low leverage because of the regulations and policies they have
Member Since Jul 20, 2020   298 posts
Feb 17, 2021 at 15:03
Leverage helps keep the account secure. It is very difficult to gain trading profit. If you cannot maintain the loss ratio properly, it is impossible to make a profit.
Member Since Sep 30, 2020   26 posts
Feb 18, 2021 at 04:51
Well, I have been using an ECN broker and I can tell you that I haven’t faced such issues with them so far.
Member Since Oct 07, 2020   104 posts
Feb 18, 2021 at 05:04
Markwoods posted:
Well, I have been using an ECN broker and I can tell you that I haven’t faced such issues with them so far.
mind inboxing the name of your broker as i need to know so that i can start trading asap
Member Since Jan 22, 2021   125 posts
Feb 18, 2021 at 12:06
Yes there are some compliance that have to be followed by forex brokers. But choosing one of the brokers is a very important task. I would recommend that shortlist some of the brokers and make comparisons between them.
Member Since Feb 13, 2021   42 posts
Feb 18, 2021 at 18:09
Every trader should also do that. Increasing lot size without proper measurement is kind of suicide in my opinion.
Member Since Oct 07, 2020   104 posts
Feb 19, 2021 at 04:46
IvarHardy posted:
Every trader should also do that. Increasing lot size without proper measurement is kind of suicide in my opinion.
True that..
Member Since Jun 15, 2020   59 posts
Feb 19, 2021 at 05:59
Markwoods posted:
Well, I have been using an ECN broker and I can tell you that I haven’t faced such issues with them so far.
I can second that since I’ve been using XM and Fxview’s ECN too. The spreads are tight and the leverage is also fine. I try to keep the leverage low but then for some particular trades, it is got to be high. I mean if you’re not risking much, you won’t earn more profits, right?
Member Since Nov 26, 2020   30 posts
Feb 19, 2021 at 06:39
I believe that everyone should have the right approach to trading, which is why I now use ECN with a leverage of 1: 200 and a deposit of $ 200 from Amarkets broker.
Member Since Oct 07, 2020   104 posts
Feb 20, 2021 at 10:06
Femilas posted:
I believe that everyone should have the right approach to trading, which is why I now use ECN with a leverage of 1: 200 and a deposit of $ 200 from Amarkets broker.
can you inbox me your broker details
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