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What leverage do you all use?
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jamesgwyther

Member Since Aug 05, 2017  289 posts jamesgwyther Sep 26 2019 at 11:00
millerwe posted:
jamesgwyther posted:

I use non regulated brokers for the higher leverage too

Me too. My broker (turnkey forex) offers upto 500x, but I use max 200 never more than that.


WHy 200 max?

Mohammadi

Member Since Aug 11, 2017  725 posts Mohammadi 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.

Roberto21

Member Since May 02, 2019  256 posts Roberto21 Oct 24 2019 at 09:56
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.  

togr

Member Since Feb 22, 2011  4707 posts vontogr (togr) Oct 24 2019 at 12:36
Roberto21 posted:
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.  

Leverage is not any issue. It does not bring you any profit nor loss.
It is simply tool. As any other tool it requires proper usage.
With right money management it works well.

I trade what I like. I like what I trade.
fancydandy

Member Since Oct 09, 2019  27 posts fancydandy Oct 25 2019 at 12:31
Usually, I go safe with 200x-300x.

Rustyiron

Member Since Mar 21, 2017  25 posts Rustyiron 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.

togr

Member Since Feb 22, 2011  4707 posts vontogr (togr) Oct 25 2019 at 15:11
Rustyiron posted:
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.

Well even with leverage of 1:30 you can wipe out your account but it would take more time.

I trade what I like. I like what I trade.
likerebate

Member Since Oct 27, 2019  1 posts Likerebateforex (likerebate) Oct 27 2019 at 11:16
I use 1:100 or 1:200

AniLorak

Member Since Apr 18, 2017  862 posts AniLorak Oct 31 2019 at 05:15
My maximum parameter is 1:100. Now I am not doing over-trading; so no need to use any aggressive parameter!

Mohammadi

Member Since Aug 11, 2017  725 posts Mohammadi Nov 01 2019 at 03:18
For avoiding risk I always use 1:100 leverage in spite of having up to leverage 1:2000 , actually leverage is an important financial tool which always contains risk , so it is better if we avoid using high leverage in real account.

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