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.
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.
Mar 16 2021 at 04:57
As far as I know, most ECN brokers offer high leverage but typically smaller lot sizes in comparison to other forex brokers, which is a way of reducing leverage.
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
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.
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.
Mar 16 2021 at 12:35
richardmarcus posted: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
How do we verify such things?
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?
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.
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.
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.
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.
I don’t think there is any other way better than leverage to make efficient use of your capital. Because of leverage, I have been able to trade even those markets that I would not have been able to otherwise, along with the benefit of trading more contracts.
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.
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.
Mar 23 2021 at 10:36
Everything that is put on the internet is not worth believing. You should confirm information from different sources before you believe it. It might require a bit of your effort but it will save you from traps and scams.
Mar 23 2021 at 12:52
Meloisel posted:
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.
Yes it’s all about right use of things - be it stop loss, leverage, etc
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.
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.
Mar 24 2021 at 12:24
I can’t think of trading without leverage because of the simple reason that I can make a considerable amount of money with only a limited amount of capital. I have not made profits only but whenever I have used leverage I have made greater profits.
