What leverage do you all use?
Aug 22, 2019 at 04:25
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
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
Sep 07, 2019 at 06:18
I prefer low leverage. Right now using 1:50. Will gradually increase though.
Member Since Sep 09, 2019
11 posts
Sep 09, 2019 at 11:15
I use max leverage I can find from a regulated broker. Best I can find is 1:500 at the moment. As Vontogr says higher leverage is safer and better. US and EU think otherwise but they don't know what they are talking about
Member Since Aug 05, 2017
289 posts
Sep 12, 2019 at 11:42
Pikasso posted:
I use 1:30 on accounts with FCA regulated brokers and max. 1:200 with no regulated. There are different strategies and algorithms to manage risks for each account.
I use non regulated brokers for the higher leverage too
Member Since Aug 05, 2017
289 posts
Sep 26, 2019 at 11:00
millerwe posted:jamesgwyther posted:Me too. My broker (turnkey forex) offers upto 500x, but I use max 200 never more than that.
I use non regulated brokers for the higher leverage too
WHy 200 max?
Oct 24, 2019 at 09:35
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
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.
forex_trader_795593
Member Since Oct 09, 2019
32 posts
Oct 25, 2019 at 12:31
Usually, I go safe with 200x-300x.
Oct 25, 2019 at 12:43
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
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
Oct 27, 2019 at 11:16
I use 1:100 or 1:200
Member Since Nov 15, 2019
26 posts
Apr 15, 2020 at 19:01
I am using mostly offshore brokers so I do use something like you know 1:200 leverage and building all my strategies all around that number and it should really be somewhat like that as I can see and know, so let's go from such topic.
Apr 28, 2020 at 15:21
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.
