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How true is High leverage = High risk?
Mitglied seit Oct 01, 2020
37 Posts
Mitglied seit Jul 20, 2019
373 Posts
Nov 26, 2020 at 13:10
Mitglied seit Jul 20, 2019
373 Posts
posted:
Are high and low leverage two sides of the same coin? I have started fresh in forex and not able to make a right judgment for a good leverage.
Not sure how correct it is to say there are high risks with high leverage.
Recommendations needed from experience holders.
No one should ever use a leverage above 1:500. This should be the overall maximum for everyone. Everything above is like you'd go to the bank and they'd give you a credit that is more than 500 times higher than your income, knowing you'd never ever get the chance to pay a possible loss back anytime soon (like if your monthly income is like 2k and they'd give your more than 1 million; that's not gonna happen). The most preferable leverages are between 1:10 and 1:500, but that's just my own opinion. Personally I prefer 1:100, but actually I trade with 1:500 on all my used brokers (because they won't give me 1:100), except my Cysec-/ESMA-regulated one where I get a max. of 1:30 which is still okay.
patience is the key
Mitglied seit Oct 01, 2020
49 Posts
Nov 26, 2020 at 13:24
Mitglied seit Oct 01, 2020
49 Posts
another sharp point is your size of contract. It can be easily increased or lowered. Your trade location might be an influential factor with margin requirements and hence the max leverage. Most intermediate traders (include me too!) prefer a lower bet size and for that purpose, Metatrader 4 comes into picture as it allows that.
When I was into the process of transitioning to Fxview, I cancelled out a few shady brokers and preferred to go with regulated ones that also allowed support for MT4 and other trading platforms. Fxpro was my closest choice to catch up with MT5 and cTrader.
I just narrowed down to ecn as with my options shortlisted, Fxview was providing it. I prefer ecns for their adaptability to spreads when markets are highly volatile. I like to be pinned with low spreads afterall.
When I was into the process of transitioning to Fxview, I cancelled out a few shady brokers and preferred to go with regulated ones that also allowed support for MT4 and other trading platforms. Fxpro was my closest choice to catch up with MT5 and cTrader.
I just narrowed down to ecn as with my options shortlisted, Fxview was providing it. I prefer ecns for their adaptability to spreads when markets are highly volatile. I like to be pinned with low spreads afterall.
Mitglied seit Oct 01, 2020
37 Posts
Dec 01, 2020 at 10:31
Mitglied seit Sep 30, 2020
26 Posts
Dorigda posted:It is ultimately all about risk management. Because I think not using leverage is just playing it too safe, and that can certainly not lead to big gains.
The ability to manage capital and certain skills can make the risks much less, and if you still use good leverage, like the broker Amarkets 1: 1000, then, in principle, there are no problems.
Mitglied seit Oct 01, 2020
37 Posts
Mitglied seit Jul 09, 2020
39 Posts
Dec 02, 2020 at 08:07
Mitglied seit Jul 09, 2020
39 Posts
As I traded in the past, besides the leverage concern, I do assume that some of most underrated tools come in handy to arbitrate your ongoing trades.
Being a FXTM user, I mostly spent my time with: Pivot Point Strategy, Forex News Timeline, Margin Calculator, Profit Calculator and Invest Profit calculator.
@Lorencecolling : just out of curiosity, do you also feel that such tools are helpful in settling your trades to some extent? How’s it with yours, fxview?
Would appreciate a reply.
Being a FXTM user, I mostly spent my time with: Pivot Point Strategy, Forex News Timeline, Margin Calculator, Profit Calculator and Invest Profit calculator.
@Lorencecolling : just out of curiosity, do you also feel that such tools are helpful in settling your trades to some extent? How’s it with yours, fxview?
Would appreciate a reply.
Mitglied seit Oct 01, 2020
49 Posts
Dec 03, 2020 at 10:46
Mitglied seit Oct 01, 2020
49 Posts
williamhayes posted:it’s not my bank account password you are asking for so I am all in for sharing my experiences :)
As I traded in the past, besides the leverage concern, I do assume that some of most underrated tools come in handy to arbitrate your ongoing trades.
Being a FXTM user, I mostly spent my time with: Pivot Point Strategy, Forex News Timeline, Margin Calculator, Profit Calculator and Invest Profit calculator.
@Lorencecolling : just out of curiosity, do you also feel that such tools are helpful in settling your trades to some extent? How’s it with yours, fxview?
Would appreciate a reply.
I am more into intuitions and instincts so don’t use them much.
Besides not operating all calculators (commissions, margins, pip values, swap, profit/loss, fibonacci, position sizes, pivot points) I rarely use autochartist on fxview for real time updates when I have my eyes glued to the screen.
Fine tuning my strategies is my only strategy to more successful trades (about 70%).
Mitglied seit Jul 20, 2019
373 Posts
Dec 04, 2020 at 08:54
Mitglied seit Jul 20, 2019
373 Posts
Why are you all advertising for your brokers here? The question was about leverage not about brokers. 🙄
The higher the leverage the higher the risks (that you'll lose it all (if huge losses), or that the broker won't pay you out (if huge profits)).
The higher the leverage the higher the risks (that you'll lose it all (if huge losses), or that the broker won't pay you out (if huge profits)).
patience is the key
Mitglied seit Jul 20, 2020
341 Posts
Mitglied seit Oct 01, 2020
37 Posts
Dec 08, 2020 at 12:57
Mitglied seit Oct 01, 2020
37 Posts
williamhayes posted:I completely agree. High leverage should be left to the experts. Not everyone can handle that specially the newbies around. If the trade goes in the opposite direction, you’ll lose it all.
As I traded in the past, besides the leverage concern, I do assume that some of most underrated tools come in handy to arbitrate your ongoing trades.
Being a FXTM user, I mostly spent my time with: Pivot Point Strategy, Forex News Timeline, Margin Calculator, Profit Calculator and Invest Profit calculator.
@Lorencecolling : just out of curiosity, do you also feel that such tools are helpful in settling your trades to some extent? How’s it with yours, fxview?
Would appreciate a reply.
Dec 09, 2020 at 07:22
Mitglied seit Apr 15, 2020
219 Posts
posted:
Are high and low leverage two sides of the same coin? I have started fresh in forex and not able to make a right judgment for a good leverage.
Not sure how correct it is to say there are high risks with high leverage.
Recommendations needed from experience holders.
I think high leverage will put your capital in high risk. 1:500 should be maximum for all although different brokers are offering different leverage but ultimately profit making in forex depends on your skills only.
The more your practice, the more you learn.
Dec 09, 2020 at 10:32
Mitglied seit Jul 15, 2020
36 Posts
Ezereombre posted:
Fxview?? Never heard! Another offshore I bet
I use Fxview and it is fine. I think as long as your trade is good, it doesn’t really matter if the broker is local or not. At least it‘s regulated (not that it matters to me).
Mitglied seit Oct 05, 2020
21 Posts
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