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What leverage do you all use?
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45656

Member Since Jun 29, 2019  53 posts 45656 Jul 27 at 16:09
I usually prefer to work with smaller trading lots as I have been working as a scalper. As a scalper, I prefer not to work with borrowed funds with the use of leverage. Even levered funds are associated with high trading risks. But yes, it is true that when a trader will need in urgent money he can take the benefits of this trading tool, leverage.

Jedimaster1

Member Since Jul 03, 2015  10 posts Eduardo Rincon (Jedimaster1) Jul 28 at 22:02
jamesgwyther posted:
^^ See Title
Hi,


The leverage that the broker offers, is one thing. The leverage you use, it's another thing. If you are looking to trade like a pro, then trade unleverage, if you're looking to trade your own money, I would advice no more than 5:1 per trade.

Minhthang2603

Member Since Mar 05, 2017  20 posts Thang (Minhthang2603) Jul 31 at 10:15
jamesgwyther posted:
^^ See Title
I use leverage 1:30 - 1:50

Madalyn

Member Since Jul 14, 2019  23 posts Madalyn Aug 02 at 05:12
1:500 for me

niceGLer

Member Since Dec 28, 2013  136 posts niceGLer Aug 02 at 05:33
If you have $1000 in your account, and your broker gives you 1:100 leverage, then employing all of the leverage you can make 1 lot transactions. However, most likely you will end up losing your money soon. If you trade with 0.1 lot size that means you borrow $10'000 from your broker. In this case your effective leverage is borrowed money divided by own money. That is in this case approximately, but not exactly 10'000/1000 equalling to 1:10

You need to know what you are doing, and practise with a tiny risk.

High,but sparingly used leverage means that you have to deposit less money.

niceGLer

Member Since Dec 28, 2013  136 posts niceGLer Aug 02 at 06:16
45656 posted:
I usually prefer to work with smaller trading lots as I have been working as a scalper. As a scalper, I prefer not to work with borrowed funds with the use of leverage. Even levered funds are associated with high trading risks. But yes, it is true that when a trader will need in urgent money he can take the benefits of this trading tool, leverage.


Tell more about your lot sizing. In scalping I was using 1 microlot for each $100, broker's leverage was 1:400.

willtradr

Member Since Jul 09, 2019  20 posts willtradr Aug 21 at 06:55
Don’t prefer to use high leverage so 1:100.

Idowu

Member Since Aug 21, 2019  8 posts Idowu Aug 21 at 09:50
I use 1:100 . I do not understand why anyone would want to use a lower leverage .

Q_FxTrader

Member Since Oct 08, 2018  141 posts Q_FxTrader Aug 21 at 11:45
For higher free margin higher leverage is required. Especially, if someone is using a grid or scalping strategy with low account balance, then high leverage is required. 1:500 should be sufficient to handle such scenarios.

But if your account balance is very high, then naturally your leverage will reduce since no bank or broker will offer such leverage and hence, leverage is question only for retail traders.

@
kgiedrius

Member Since Feb 26, 2018  2 posts kgiedrius Aug 21 at 12:07
1:200 more than enough

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HIGH RISK WARNING: Foreign exchange trading carries a high level of risk that may not be suitable for all investors. Leverage creates additional risk and loss exposure. Before you decide to trade foreign exchange, carefully consider your investment objectives, experience level, and risk tolerance. You could lose some or all of your initial investment; do not invest money that you cannot afford to lose. Educate yourself on the risks associated with foreign exchange trading, and seek advice from an independent financial or tax advisor if you have any questions. Any data and information is provided 'as is' solely for informational purposes, and is not intended for trading purposes or advice. Past performance is not indicative of future results.