Ezereombre posted:russellgutierrez posted:
Do you really want to use this much leverage, even though most of the reliable brokers can offer you leverage ranging from 1:2 to 1:1,000 depending on the investment and requirement of the traders. There are different leverage levels that are ideal for traders with diverse knowledge and experience. So, when you talk to your broker, consider your individual needs and strategy. But, if you’re seriously planning this much leverage, do work on your strategy once.
Right and even though ECN brokers offer more than 100:1 leverage, the best deal would be to have a broker like Fxview, FXVM, or eToro that offers various leverage ratios like 50:1, 100:1, 200:1, and 400:1. I have traded with them and could change the leverage ratio on their website’s dashboard.
I completely agree with you on this. I use Fxview too and I’m thinking about opening some demos with Oanda or XM. Let's see how that works out.
Feb 22 at 13:31
stevenflam posted:Lycineandrew posted:
Hey Rassell, I don’t go beyond 1:200 with the leverage and overall I don’t like to risk more than 2% of my trades.
Isn’t 2% low? I would risk at least 4% of my total trade to be able to get somewhere with returns.
Well, some people are risk takers while others are not. Simple as that if you ask me.
Feb 22 at 23:06
Lycineandrew posted:stevenflam posted:Lycineandrew posted:
Hey Rassell, I don’t go beyond 1:200 with the leverage and overall I don’t like to risk more than 2% of my trades.
Isn’t 2% low? I would risk at least 4% of my total trade to be able to get somewhere with returns.
Well, some people are risk takers while others are not. Simple as that if you ask me.
I think trading is not the safe way to invest money. Traders always have to take risk to earn money.
Feb 23 at 01:40
If you want to trade, you must control the risk. And the best way to control this risk is to select low leverage.
Feb 23 at 12:04
LeviSievwright5 posted:
If you want to trade, you must control the risk. And the best way to control this risk is to select low leverage.
How low would that be?
Feb 24 at 04:17
That’s not true. There are so many ECN brokers that offer leverage more than 1:100. Some ECN brokers that I have already been using include ICM and Fxview and they offer quite high leverage. You need to go for their offshore option if you want to use high leverage.
Feb 24 at 05:58
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.
Feb 24 at 09:29
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.
Can you share what broker is it?
Feb 25 at 05:15
You really need to do some more research on offshore brokers. There is no limit to the leverage that an ECN broker can offer. It is their choice and they set the limit according to their own conditions.
Feb 25 at 08:14
Pointingmark posted:
You really need to do some more research on offshore brokers. There is no limit to the leverage that an ECN broker can offer. It is their choice and they set the limit according to their own conditions.
Thought so! I read it somewhere so thought of asking and clearing my doubts because there are a lot of ECN brokers that I have come across that were offering high leverage. I was so confused.
