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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)).
marco_mmbiz posted: 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 part where the broker might not pay out the profits is where the trouble starts, and that's why I think people are careful through which broker they trade, someone with a good withdrawal history I suppose is always better.
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.
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.
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