Jan 29 at 09:20
I find it too risky to use leverage. Can’t imagine owing money to the broker and defeat the whole purpose of being in the market.
Jan 29 at 12:06
Garrywilson posted:
I find it too risky to use leverage. Can’t imagine owing money to the broker and defeat the whole purpose of being in the market.
If you use a broker that offers negative balance protection, there’s no way that you’ll be risking owing anything to the broker. Then there’s stop loss as well to the rescue. If I’m not wrong all brokers offer these features, and if yours don’t, simply transfer your funds to a better broker.
Jan 29 at 14:15
In order for it not to be so costly, you need to correctly, correctly calculate and prescribe in your trading plan.
Jan 29 at 18:54
Faujinn posted:
In order for it not to be so costly, you need to correctly, correctly calculate and prescribe in your trading plan.
which broker should i choose for the your suggested plan Faujinn
Jan 31 at 01:53
The higher the leverage, the higher the risk. So it is very important to be careful about leverage.
Feb 01 at 06:22
dutchy1986 posted:
On small accounts you need it to be fair to have a chance at trading
That’s what I think, can’t put in all my savings for trying my hand at trading, leverage is important.
Feb 01 at 06:24
Faujinn posted:
In order for it not to be so costly, you need to correctly, correctly calculate and prescribe in your trading plan.
Ya and that’s why my plan as of now is based on risk management, every decision revolves around it, including leverage.
Feb 01 at 06:25
LeviSievwright5 posted:
The higher the leverage, the higher the risk. So it is very important to be careful about leverage.
Certainly! I am devoting maximum time on my risk management part of the trading plan. Not planning on risking more than 1%, and going to maintain a ratio of 1:3 for using leverage. Hopefully I’m on the right track.
Feb 01 at 09:44
right now i am using high leverage most of the time in demo ,
it supports me to avoid unfortunate risk and losses when trading in a real account.
it supports me to avoid unfortunate risk and losses when trading in a real account.
Feb 01 at 11:28
ddarko3 posted:unsightlydray posted:
As someone with just a few dollars extra to give trading a shot, would it be possible at all to gain anything without the use of leverage? And is it even wise to use up all of your own cash?
Technically leverage helps you to gain more but the problem with them is that you can also lose completely
I completely agree with you, and sadly it’s the losing part that happens more.
