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Transitioning to higher leverage

Aden (adenphoto)
May 23 2020 at 23:32
24 posts
Hi all,

Thanks for reading this post and I hope I don't look like a complete fool - I'm quite nervous to post among the users in here. Really impressed in everything I have been reading as a lurker. Long story short - Ive been trading a successful strategy in crypto for over 3 years now and although it's rare in crypto I have actually returned a profit. Recently I have made the transition into splitting my exposure and starting to trade Forex.

I have been extremely narrow minded and stuck with my blinkers on to my own strategy - it works and I can be consistent at it, I didn't look what else was out there. My god forex was a sharp learning curve. Even on technical terms I didnt have the education most had - I figured out a method earlier on and didnt bother to expand my knowledge - this is something I am pressing on with constantly.

Right now I'm trading 30x leverage and after experimenting with various conversions of my strategy I had finally fine tuned it to be consistent and 16 days in I've made a safe 4.05% - this week being slowest due to market conditions.

With my setup I use 0.5% of equity per trade for risk management and its pretty safe.

Upon reading the forums and speaking to people I see its quite common for people to use 100x leverage in Forex, I'm quite nervous about leverage as I am very very safe in everything I do. Although taking some steps up to 100x would vastly increase my profits.

I have been looking at taking it in steps 30x-50x-100x and making the transition slowly. At the same time to lower my risk even more at 100x I could half my use bringing it to 0.25% per trade.

Wondering what are peoples thoughts on this?




Stonesong
May 24 2020 at 03:57
128 posts
Many are afraid to use high leverage. Therefore, it is better to gain experience first

Aden (adenphoto)
May 24 2020 at 07:41
24 posts
Stonesong posted:
Many are afraid to use high leverage. Therefore, it is better to gain experience first


This is my thoughts - I think test on paper trading for a while and then make the moves over once im comfortable.

Just with so many saying how safe 100x is makes me wonder.

reggae
May 25 2020 at 04:32
61 posts
I think 100x is a little bit too much. But if you can transition it slowly and gradually, then I guess it should be fine. I would probably stick with lower level of leverage.

kevin8659
May 25 2020 at 08:47
14 posts
adenphoto posted:
Hi all,

Thanks for reading this post and I hope I don't look like a complete fool - I'm quite nervous to post among the users in here. Really impressed in everything I have been reading as a lurker. Long story short - Ive been trading a successful strategy in crypto for over 3 years now and although it's rare in crypto I have actually returned a profit. Recently I have made the transition into splitting my exposure and starting to trade Forex.

I have been extremely narrow minded and stuck with my blinkers on to my own strategy - it works and I can be consistent at it, I didn't look what else was out there. My god forex was a sharp learning curve. Even on technical terms I didnt have the education most had - I figured out a method earlier on and didnt bother to expand my knowledge - this is something I am pressing on with constantly.

Right now I'm trading 30x leverage and after experimenting with various conversions of my strategy I had finally fine tuned it to be consistent and 16 days in I've made a safe 4.05% - this week being slowest due to market conditions.

With my setup I use 0.5% of equity per trade for risk management and its pretty safe.

Upon reading the forums and speaking to people I see its quite common for people to use 100x leverage in Forex, I'm quite nervous about leverage as I am very very safe in everything I do. Although taking some steps up to 100x would vastly increase my profits.

I have been looking at taking it in steps 30x-50x-100x and making the transition slowly. At the same time to lower my risk even more at 100x I could half my use bringing it to 0.25% per trade.

Wondering what are peoples thoughts on this?





i think 100x is a bit much but is safer than 200x and 400x.I was just curious which brocker do you use

NEC ASPERA TERRENT
Aden (adenphoto)
May 25 2020 at 09:00
24 posts
kevin8659 posted:
adenphoto posted:
Hi all,

Thanks for reading this post and I hope I don't look like a complete fool - I'm quite nervous to post among the users in here. Really impressed in everything I have been reading as a lurker. Long story short - Ive been trading a successful strategy in crypto for over 3 years now and although it's rare in crypto I have actually returned a profit. Recently I have made the transition into splitting my exposure and starting to trade Forex.

I have been extremely narrow minded and stuck with my blinkers on to my own strategy - it works and I can be consistent at it, I didn't look what else was out there. My god forex was a sharp learning curve. Even on technical terms I didnt have the education most had - I figured out a method earlier on and didnt bother to expand my knowledge - this is something I am pressing on with constantly.

Right now I'm trading 30x leverage and after experimenting with various conversions of my strategy I had finally fine tuned it to be consistent and 16 days in I've made a safe 4.05% - this week being slowest due to market conditions.

With my setup I use 0.5% of equity per trade for risk management and its pretty safe.

Upon reading the forums and speaking to people I see its quite common for people to use 100x leverage in Forex, I'm quite nervous about leverage as I am very very safe in everything I do. Although taking some steps up to 100x would vastly increase my profits.

I have been looking at taking it in steps 30x-50x-100x and making the transition slowly. At the same time to lower my risk even more at 100x I could half my use bringing it to 0.25% per trade.

Wondering what are peoples thoughts on this?





i think 100x is a bit much but is safer than 200x and 400x.I was just curious which brocker do you use


I use Oanda

vontogr (togr)
May 25 2020 at 11:05
4862 posts
adenphoto posted:
Hi all,

Thanks for reading this post and I hope I don't look like a complete fool - I'm quite nervous to post among the users in here. Really impressed in everything I have been reading as a lurker. Long story short - Ive been trading a successful strategy in crypto for over 3 years now and although it's rare in crypto I have actually returned a profit. Recently I have made the transition into splitting my exposure and starting to trade Forex.

I have been extremely narrow minded and stuck with my blinkers on to my own strategy - it works and I can be consistent at it, I didn't look what else was out there. My god forex was a sharp learning curve. Even on technical terms I didnt have the education most had - I figured out a method earlier on and didnt bother to expand my knowledge - this is something I am pressing on with constantly.

Right now I'm trading 30x leverage and after experimenting with various conversions of my strategy I had finally fine tuned it to be consistent and 16 days in I've made a safe 4.05% - this week being slowest due to market conditions.

With my setup I use 0.5% of equity per trade for risk management and its pretty safe.

Upon reading the forums and speaking to people I see its quite common for people to use 100x leverage in Forex, I'm quite nervous about leverage as I am very very safe in everything I do. Although taking some steps up to 100x would vastly increase my profits.

I have been looking at taking it in steps 30x-50x-100x and making the transition slowly. At the same time to lower my risk even more at 100x I could half my use bringing it to 0.25% per trade.

Wondering what are peoples thoughts on this?





Are you talking about max leverage allowed by your broker/account
or about trade size on your account?

Do you understand that max leverage on your account does not mean actually anything
if you are reliable and post trades with limited risk achieved by SL or size?

Kazile
May 29 2020 at 08:40
119 posts
You must understand that a large leverage is an opportunity to make good money. And the broker Amarkets offers good conditions in this regard.

kevin8659
May 29 2020 at 10:03
14 posts
adenphoto posted:
kevin8659 posted:
adenphoto posted:
Hi all,

Thanks for reading this post and I hope I don't look like a complete fool - I'm quite nervous to post among the users in here. Really impressed in everything I have been reading as a lurker. Long story short - Ive been trading a successful strategy in crypto for over 3 years now and although it's rare in crypto I have actually returned a profit. Recently I have made the transition into splitting my exposure and starting to trade Forex.

I have been extremely narrow minded and stuck with my blinkers on to my own strategy - it works and I can be consistent at it, I didn't look what else was out there. My god forex was a sharp learning curve. Even on technical terms I didnt have the education most had - I figured out a method earlier on and didnt bother to expand my knowledge - this is something I am pressing on with constantly.

Right now I'm trading 30x leverage and after experimenting with various conversions of my strategy I had finally fine tuned it to be consistent and 16 days in I've made a safe 4.05% - this week being slowest due to market conditions.

With my setup I use 0.5% of equity per trade for risk management and its pretty safe.

Upon reading the forums and speaking to people I see its quite common for people to use 100x leverage in Forex, I'm quite nervous about leverage as I am very very safe in everything I do. Although taking some steps up to 100x would vastly increase my profits.

I have been looking at taking it in steps 30x-50x-100x and making the transition slowly. At the same time to lower my risk even more at 100x I could half my use bringing it to 0.25% per trade.

Wondering what are peoples thoughts on this?





i think 100x is a bit much but is safer than 200x and 400x.I was just curious which brocker do you use


I use Oanda

you should consider changing brocker because i personally never heard of them

NEC ASPERA TERRENT
richard2
May 29 2020 at 11:06
38 posts
reggae posted:
I think 100x is a little bit too much. But if you can transition it slowly and gradually, then I guess it should be fine. I would probably stick with lower level of leverage.

I would agree totally. For a beginner its a lil on the higher side. Best way is to increase it as and when u gain experience. But even when you have gained experience do keep risk management in mind.

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