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What leverage do you all use?
Aug 22, 2019 at 04:25
Member Since Jul 14, 2019
31 posts
Jedimaster1 posted:jamesgwyther posted:Hi,
^^ See Title
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.
Oooh that is a different perspective.
vontogr (togr)
Member Since Feb 22, 2011
4862 posts
Aug 22, 2019 at 07:08
Member Since Feb 22, 2011
4862 posts
togr posted:Madalyn posted:togr posted:
1:30 on some account
1:100 on other account
1:500 on majority of accounts
1:1000 on some
Could you explain? (sorry for bothering you but I am just interested)
Different brokers
DIfferent conditions
Different pairs
Different trading strategies
-----------------------------------
Different leverages
It is actually good to have high leverage provided on your account. It gives you a liberty to trade with significant profit and low capital.
Other thing is how much leverage you use. In this you need to stay disciplined and follow your money mgmt plan.
Member Since Aug 05, 2019
50 posts
Member Since Sep 09, 2019
11 posts
Member Since Aug 05, 2017
289 posts
Member Since Aug 05, 2017
289 posts
Oct 24, 2019 at 09:35
Member Since Aug 11, 2017
886 posts
Leverage is an important financial tool which an investor should consider when choosing a broker, basically it allows an investor to grow his market exposure to a level that exceeds the initial investments. My trading career I always like to trade with high leverage for making profit rapidly, but sometimes it causes a great risk and losses also.
vontogr (togr)
Member Since Feb 22, 2011
4862 posts
Oct 24, 2019 at 12:36
Member Since Feb 22, 2011
4862 posts
Roberto21 posted:Leverage is not any issue. It does not bring you any profit nor loss.
leverage is a very complicated issue in Fx trading , sometimes it bring profit very rapidly , sometimes it causes a great losses and risk in spite of having risk management , but after all its one of the major financial issue in Forex.
It is simply tool. As any other tool it requires proper usage.
With right money management it works well.
Oct 25, 2019 at 12:43
Member Since Mar 21, 2017
25 posts
I don't really understand how that is exactly 'safe'. Is that the effective leverage you use rather than just the account setting? I feel, unless you're very experienced like togr and have plans in place to utilise the leverage if need be in case of DD, then 200-300x isn't safe.
The more I trade and learn, the lower and lower leverage I am actually working with / need to work with.
The more I trade and learn, the lower and lower leverage I am actually working with / need to work with.
vontogr (togr)
Member Since Feb 22, 2011
4862 posts
Oct 25, 2019 at 15:11
Member Since Feb 22, 2011
4862 posts
Rustyiron posted:Well even with leverage of 1:30 you can wipe out your account but it would take more time.
I don't really understand how that is exactly 'safe'. Is that the effective leverage you use rather than just the account setting? I feel, unless you're very experienced like togr and have plans in place to utilise the leverage if need be in case of DD, then 200-300x isn't safe.
The more I trade and learn, the lower and lower leverage I am actually working with / need to work with.
Likerebateforex (likerebate)
Member Since Oct 27, 2019
1 posts
Member Since Nov 15, 2019
26 posts
Apr 28, 2020 at 15:21
Member Since Aug 09, 2017
785 posts
leverage is useful for trader , especially if trader start with small balance hence with leverage it will giving opportunity to making transaction on Fx market , now some broker offer high leverage until 1:1000 but so far I am only use leverage 1:400 as maximum.

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