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Need to know the truth

Feb 05, 2021 at 12:39
3,127 Views
72 Replies
Member Since Nov 07, 2020   25 posts
Mar 02, 2021 at 06:25
blandpatsyy posted:
Mikehussey posted:
The ECN brokers that I have used so far have offered me 1:500 leverage on average. So, I don’t think there is any truth in what you are saying.
So have I! There are some ECN brokers that offer leverage around 1:1000. However, it is up to the trader what leverage they want to use. I personally think that 1:100 is also quite high.
I don’t think so. 1:100 leverage is quite common and not high when trading forex.
Member Since Nov 30, 2020   21 posts
Mar 03, 2021 at 10:11
DanielGlaus posted:
It's not possible to make consistent profit by following signals, no matter what technology or website they use. At the end you are going to lose your money. It's just waste of time and money.
I completely agree with you. There are many scams that look like authentic signals. Though the trading signals are supposed to be sent by professional traders or analysts, you won’t get to know who the people are behind the name signal provider.
Member Since Dec 02, 2020   15 posts
Mar 04, 2021 at 04:42
No, that’s not true. There is no limit to how much leverage an ECN broker can offer. I have myself seen ECN brokers offering leverage as high as 1:1000. As a trader, you can decide what leverage you want to use.
Member Since Sep 30, 2020   28 posts
Mar 05, 2021 at 06:46
The reason why brokers offer leverage is to attract traders to trade more because statistically, a trader who trades more, eventually loses more that brokers can take benefit of. This is the reason why you are always told to use leverage properly.
Member Since Nov 23, 2020   15 posts
Mar 05, 2021 at 08:12
No need to believe everything you read. By doing this, you are just opening your doors to scams. You must test brokers with and without leverage. The one that lets you trade better is the one you must choose.
Member Since Oct 23, 2020   27 posts
Mar 06, 2021 at 11:20
Pointingmark posted:
The reason why brokers offer leverage is to attract traders to trade more because statistically, a trader who trades more, eventually loses more that brokers can take benefit of. This is the reason why you are always told to use leverage properly.
True that! Leverage isn’t always an opportunity to grab. It can sometimes be a trap. Use your analysis before you take any unnecessary risks of using leverage. I have been into forex trading with fxview and swissquote for the last few years and I never felt the need of risking more money than I can afford to invest because if the currency underlying my trade moves in the opposite direction, leverage will greatly amplify the potential losses.
Member Since Nov 24, 2020   17 posts
Mar 06, 2021 at 13:07
turnipfollow posted:
Pointingmark posted:
The reason why brokers offer leverage is to attract traders to trade more because statistically, a trader who trades more, eventually loses more that brokers can take benefit of. This is the reason why you are always told to use leverage properly.
True that! Leverage isn’t always an opportunity to grab. It can sometimes be a trap. Use your analysis before you take any unnecessary risks of using leverage. I have been into forex trading with swissquote for the last few years and I never felt the need of risking more money than I can afford to invest because if the currency underlying my trade moves in the opposite direction, leverage will greatly amplify the potential losses.
It’s completely a trader’s point of view. Where there are traders who lost insanely because of leverage, there are also traders who made profits insanely. You just need to know what you are doing and everything else is good.
Member Since Jul 20, 2020   399 posts
Mar 06, 2021 at 13:41
I think leverage can help at the beginning. It becomes less important as your investment bank grows. Leverage is definitely an asset to begin with. Just focus on psychology and a strategy you can master and you will be profitable once you follow your rules
Member Since Apr 18, 2017   718 posts
Mar 07, 2021 at 11:04
have a very good journey again , just one thing always remember
 there is no short cut way of learning in there , you must pass a long time in there with great patience.
Member Since Jul 19, 2020   788 posts
Mar 09, 2021 at 02:23
Forex trading requires a lot of information and research. The more you try to develop a trading strategy, the more Forex will allow you to make money.
Member Since Oct 27, 2020   21 posts
Mar 15, 2021 at 10:12
You better be careful about the sources you choose. In the modern world, there are scams waiting to trap innocent traders at every step. Whenever you learn something new, make sure that you confirm it from other sources as well so that you don’t make any wrong move.
Member Since Oct 27, 2020   26 posts
Mar 15, 2021 at 12:59
I am more into low-risk compounding strategies that require less leverage. Frankly, I fear amplified losses. So, I have never tried using forex leverage more than 1:20 ever.
Member Since Oct 07, 2020   104 posts
Mar 16, 2021 at 05:17
nincompoop posted:
You better be careful about the sources you choose. In the modern world, there are scams waiting to trap innocent traders at every step. Whenever you learn something new, make sure that you confirm it from other sources as well so that you don’t make any wrong move.
i know there are so many fake instagram pages just goo with regulated brokers.. and check for their affiliation on official website
Member Since Dec 28, 2020   25 posts
Mar 16, 2021 at 09:28
I was guided by the reviews, of course, when choosing a broker, as well as how long the broker has been on the market, what conditions it has, what achievements in this area have.
Member Since Nov 25, 2020   18 posts
Mar 16, 2021 at 09:56
I read somewhere that ECN brokers get institutional leverage from their bank liquidity providers that offer low leverage in comparison to other brokers, though it may vary depending on the numerous factors like the currency pairs to be traded. Hence, ECN brokers are rarely able to offer higher leverage than what they receive from their prime brokers.
Member Since Dec 28, 2020   187 posts
Mar 17, 2021 at 08:40
78678676 posted:
 ECN brokers can provide you a higher leverage, provided you can qualify as a professional trader.
What do you mean by professional clients? And what will be the minimum leverage I will be getting?
Member Since Jul 19, 2020   788 posts
Mar 17, 2021 at 16:34
In most trades, I try to keep low risk. If you want to keep low risk, you have to select good leverage. And you need a good broker to manage this leverage.
Member Since Oct 26, 2020   29 posts
Mar 20, 2021 at 09:24
I surely can’t question or deny anyone’s learning and understanding because I am sure that they have years of experience behind their beliefs. This is why I believe that every trader must follow what works for them rather than following the crowd blindly. I have been using schwab for the last few years and have obtained high leverage from them. But because it works for me, I am going to believe it even if others don’t agree with me.
Member Since Dec 14, 2020   15 posts
Mar 21, 2021 at 04:52
You really need to know the truth because what you know is not how it is in real life. I know some CySEC regulated brokers that offer ECN accounts and maximum leverage up to 1:2000. If you want your trades to work for you, you really need to update your knowledge because otherwise, you won’t be able to reach where you want to in your trading career.
Member Since Dec 15, 2020   13 posts
Mar 21, 2021 at 11:00
Thank god, I read all the comments otherwise, I would have believed what the OP said. I have been trading with an ECN broker that offers 1:1000 leverage and thought that I am being scammed hit me hard.
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