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Need to know the truth

Feb 05, 2021 at 12:39
75 Replies
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.
Member Since Feb 16, 2021   29 posts
Mar 22, 2021 at 07:05
Some - I do not know what leverage is, they are afraid to use it, but when we delve into and study and apply in practice, we get a fairly good result.
Member Since Oct 09, 2020   28 posts
Mar 22, 2021 at 07:35
Using leverage is your personal choice and requirement that should be based on your trading strategy, financial targets, your capital, and how much you are actually willing to lose. Try practising with leverage on your demo account initially to ensure that your trading strategy considers your deposit amount before you start leveraged trading.
Member Since Oct 14, 2020   25 posts
Mar 23, 2021 at 12:58
If there was something like that, traders would have never been able to use high leverage. The maximum number of traders that I know prefer ECN brokers for security. If these brokers can't offer high leverage, their profits would be limited to small amounts and everything else they have read about forex trading and making profits would turn out to be false. Some might even conclude that some brokers are not reliable enough to offer the high leverage.
Member Since Jun 29, 2020   28 posts
Mar 24, 2021 at 09:41
You can check it with your broker and the country you are living in. These can be the only limitations. There can be some of them but not all. I have used leverage up to 1:1000 with ECN brokers in my country.
Member Since Mar 17, 2021   536 posts
Mar 24, 2021 at 17:00
Major currency pairs all contain the US Dollar on one side – either on the base side or quote side. They are the practically once in a while traded joins in the FOREX market. The majors, all things considered, have the slightest spread and are the most liquid. The EUR/USD is the most traded pair with a step by step trade volume of just about 30% of the entire FX market.
Member Since Jul 03, 2020   36 posts
Mar 25, 2021 at 09:25
Reading your query makes me believe in the need for learning from more than one source because if you choose the wrong source of information, the whole of your trading career will go in vain.
Sar John (Sarjohn)
Member Since Dec 28, 2020   187 posts
Mar 26, 2021 at 07:03
Quange posted:
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, so I made a choice in favor of Amarkets.
What is the commission structure and what leverage they are offering?
Member Since Mar 17, 2021   536 posts
Mar 27, 2021 at 17:47
Consistent profit is very important to survive in trading. You have to trade according to the compounding with a long-time target. If trading can be done according to the plan, it is possible to get success very quickly.
Member Since Mar 29, 2021   9 posts
Apr 06, 2021 at 09:49
it also depend on what country you are in. Europe now has limits as low as 1:30 and US is even worse
Member Since Jul 23, 2020   759 posts
Apr 07, 2021 at 16:10
ceceliagreer posted:
Different brokers offer different leverage and you’ll find it to be high or low as per the platform.
True. I recommend new trader should use low leverage first. High leverage is dangerous especially for new traders.
Suradi (FXOday)
Member Since Apr 03, 2021   470 posts
Apr 07, 2021 at 22:54
I think we can use leverage based on the needs, a retail trader that starts with small capital choosing high leverage might boosting opportunities
but should to use proper position size due to high leverage allow trader use small margin to get a higher contract
Member Since Apr 13, 2021   12 posts
Apr 16, 2021 at 10:58
You can use a high leverage as per your convenience and the amount of risk you’d like to take.
Member Since Mar 17, 2021   536 posts
Jul 25, 2021 at 12:19
martyandrews posted:
You can use a high leverage as per your convenience and the amount of risk you’d like to take.
Using high leverage may cause high risks.
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