Need to know the truth
Member Since Nov 07, 2020
25 posts
Mar 02, 2021 at 06:25
blandpatsyy posted:I don’t think so. 1:100 leverage is quite common and not high when trading forex.Mikehussey posted: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.
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.
Mar 03, 2021 at 10:11
DanielGlaus posted: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.
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.
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: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.
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.
Mar 06, 2021 at 13:07
turnipfollow posted: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.Pointingmark posted: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.
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 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 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 07, 2020
104 posts
Mar 16, 2021 at 05:17
nincompoop posted:i know there are so many fake instagram pages just goo with regulated brokers.. and check for their affiliation on official website
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.
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 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.
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.
