Dec 04 2020 at 08:54
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
Dec 06 2020 at 10:11
I think High leverage means high risks if you don't have enough knowledge about using the leverage.
Dec 07 2020 at 10:30
Idk why beginners are always excited to use high leverage. Just keep it low to 1:1.
Dec 07 2020 at 10:33
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.
Dec 07 2020 at 12:07
Markwoods posted:
No denying the fact that profits ultimately depend on the skills of a trader. A broker can only help by offering certain leverage. Higher the better!
Yeah that’s a good way to go and skills are important sure but you do need a broker to trade!
Dec 08 2020 at 11:15
I’m using Oanda right now. I don’t really use high leverage so that works for me. Any other recommendations?
Dec 08 2020 at 12:57
williamhayes posted:
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 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.
Dec 09 2020 at 07:22
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
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).
Dec 10 2020 at 09:18
High leverage has high risks. That is exactly how it works and I’ve seen some traders shying away from using any. I get it, the risk is high but you won’t get anything without risking.
