Feb 17 2021 at 04:39
salamibrish posted:Appreciate your response
@Eric ideally, you shouldn’t risk more than 1 or 2% of your trade. It also depends upon the trading style of a person and how much they’re willing to risk. For example, I trade with IB and Fxview and my risk management is such that I don’t go beyond risking 2% of it. This helps me maintain a balance and minimises potential losses too.
Feb 17 2021 at 09:31
salamibrish posted:I agree with this. Not risking much can be an advantage.
@Eric ideally, you shouldn’t risk more than 1 or 2% of your trade. It also depends upon the trading style of a person and how much they’re willing to risk. For example, I trade with IB and Fxview and my risk management is such that I don’t go beyond risking 2% of it. This helps me maintain a balance and minimises potential losses too.
Feb 17 2021 at 12:19
Garey! It's okay to not take unnecessary risks but still I would say take calculated risks. This would be much beneficial for you.
Feb 18 2021 at 04:16
josejames posted:Yup there is an incredible difference between rash decisions and calculated risks. I started with micro lots in trading through Fxview, with only 100 dollars through the use of leverages I was able to trade many positions. Then I moved to standard lots through XTB which was further beneficial for me.
Garey! It's okay to not take unnecessary risks but still I would say take calculated risks. This would be much beneficial for you.
Feb 18 2021 at 08:01
It is a great advice Russel, that in the beginning try to trade micro lots, and use innovative strategies for the same.
Feb 18 2021 at 11:28
Leverages for me are still like a double edge sword so I do not use that much.
Feb 18 2021 at 13:15
Marksteve posted:I agree that using leverage is way too risky but with less capital it's are worth the risk.
Leverages for me are still like a double edge sword so I do not use that much.
Feb 22 2021 at 09:45
Yes
High leverage = High risk = High chance of wiping out your account/funds
High leverage = High risk = High chance of wiping out your account/funds
Feb 22 2021 at 11:20
Only if you dont know how to use it. If you get to a good stage of trading then sometimes you can use it to your advantage
Feb 23 2021 at 04:54
High leverage doesn’t always mean risk. It is all about knowing what you are doing. If you can manage using high leverage there is no harm in using it.
Feb 23 2021 at 09:54
For me, 1:100 is a good leverage to use. There is no point in risking a big amount that if lost, can pose a heavy burden on your finances. Give it a thought before you take the risk of using high leverage.
Feb 23 2021 at 10:43
I find leverage as a good way of enhancing your profits. But we cannot overlook the fact that it also amplifies your losses. Use leverage only when you are sure about a market move. If it is about testing leverage, you can go up to 1:10 because beyond that would be quite a high risk.
Feb 23 2021 at 10:55
A higher leverage is way too risky, specially for a newbie who can end up getting himself trapped in a bad debt.
Feb 23 2021 at 15:19
78678676 posted:Thats is very correct.
A higher leverage is way too risky, specially for a newbie who can end up getting himself trapped in a bad debt.
Feb 24 2021 at 08:14
robindude posted:And is there any way of earning decently without using leverage? I doubt it!
Yes
High leverage = High risk = High chance of wiping out your account/funds
Feb 24 2021 at 08:15
78678676 posted:Debt?? I don’t intend to take up a loan for trading, as wrongly (I think) suggested by a friend!
A higher leverage is way too risky, specially for a newbie who can end up getting himself trapped in a bad debt.
Feb 24 2021 at 09:22
Frankly, I agree with most of the suggestions here. We all know that the chances of making profits in the forex market are equal to that of making losses. Although I have chosen brokers that offer high leverage - fxview, exness, I kind of avoid it. I am saving it for the times when I will be more sure about my moves.
Feb 25 2021 at 04:56
As long as you know what you are doing, leverage is a good thing. But if it goes against you, it can quickly deplete your account. Use leverage only when you are ready for it. Also, never forget to use reasonable stops to avoid a higher loss of capital.
Feb 25 2021 at 13:56
High leverage is considered risky because when a trader loses in a trade with high leverage, the loss also results in a large amount, whereas if the trader can convert it into a successful trade, the profit earned is more than the invested amount.
Feb 25 2021 at 17:28
New traders should not use high leverage in trading. Traders need to control and minimize the risk for using high leverage.
