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What leverage do you all use?
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summer_552

Member Since May 06, 2020  4 posts summer_552 Jun 29 at 02:41
I am currently using 1:500 of leverage, as it allows me to use less of my funds and helps in diversifying my trade portfolio; thereby increasing the chances of profitability.

EllisParker

Member Since Jun 24, 2020  12 posts EllisParker Jun 29 at 06:18
summer_552 posted:
I am currently using 1:500 of leverage, as it allows me to use less of my funds and helps in diversifying my trade portfolio; thereby increasing the chances of profitability.


Isn't 500x too risky at the same time ?

togr

Member Since Feb 22, 2011  4707 posts vontogr (togr) Jun 29 at 08:05
EllisParker posted:
summer_552 posted:
I am currently using 1:500 of leverage, as it allows me to use less of my funds and helps in diversifying my trade portfolio; thereby increasing the chances of profitability.


Isn't 500x too risky at the same time ?


Risk is not coming from leverage
It does come from your trading and money managenent.

You can wipe account even with 1:30 leverage

I trade what I like. I like what I trade.
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EURUSD 1.12868 GBPUSD 1.25399
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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.