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Need to know the truth

Lycineandrew
Feb 18 2021 at 11:03
37 Posts
Hey Rassell, I don’t go beyond 1:200 with the leverage and overall I don’t like to risk more than 2% of my trades.
Chelsea Blacks (blackChelsea)
Feb 18 2021 at 12:06
125 Posts
Yes there are some compliance that have to be followed by forex brokers. But choosing one of the brokers is a very important task. I would recommend that shortlist some of the brokers and make comparisons between them.
IvarHardy
Feb 18 2021 at 18:09
42 Posts
Every trader should also do that. Increasing lot size without proper measurement is kind of suicide in my opinion.
richardmarcus
Feb 19 2021 at 04:46
104 Posts
IvarHardy posted:
Every trader should also do that. Increasing lot size without proper measurement is kind of suicide in my opinion.
True that..
inspirenez
Feb 19 2021 at 05:59
59 Posts
Markwoods posted:
Well, I have been using an ECN broker and I can tell you that I haven’t faced such issues with them so far.
I can second that since I’ve been using XM and Fxview’s ECN too. The spreads are tight and the leverage is also fine. I try to keep the leverage low but then for some particular trades, it is got to be high. I mean if you’re not risking much, you won’t earn more profits, right?
Femilas
Feb 19 2021 at 06:39
30 Posts
I believe that everyone should have the right approach to trading, which is why I now use ECN with a leverage of 1: 200 and a deposit of $ 200 from Amarkets broker.
richardmarcus
Feb 20 2021 at 10:06
104 Posts
Femilas posted:
I believe that everyone should have the right approach to trading, which is why I now use ECN with a leverage of 1: 200 and a deposit of $ 200 from Amarkets broker.
can you inbox me your broker details
stevenflam
Feb 20 2021 at 10:40
24 Posts
Lycineandrew posted:
Hey Rassell, I don’t go beyond 1:200 with the leverage and overall I don’t like to risk more than 2% of my trades.
Isn’t 2% low? I would risk at least 4% of my total trade to be able to get somewhere with returns.
Mathewshayden
Feb 20 2021 at 12:59
41 Posts
Lycineandrew posted:
That is somewhat right. I usually don’t go very high with the leverage since I feel it is kind of risky.
Yeah it can be a bit risky. I don’t know why people use such a high leverage, at least I’m not a risk taker.
Gareylinn509
Feb 22 2021 at 09:54
34 Posts
Mathewshayden posted:
Lycineandrew posted:
That is somewhat right. I usually don’t go very high with the leverage since I feel it is kind of risky.
Yeah it can be a bit risky. I don’t know why people use such a high leverage, at least I’m not a risk taker.
Probably because of high profits. Doesn’t high risk equals high profit. I never risk high so who knows!
lauranutt
Feb 22 2021 at 12:03
36 Posts
Ezereombre posted:
russellgutierrez posted:
Do you really want to use this much leverage, even though most of the reliable brokers can offer you leverage ranging from 1:2 to 1:1,000 depending on the investment and requirement of the traders. There are different leverage levels that are ideal for traders with diverse knowledge and experience. So, when you talk to your broker, consider your individual needs and strategy. But, if you’re seriously planning this much leverage, do work on your strategy once.
Right and even though ECN brokers offer more than 100:1 leverage, the best deal would be to have a broker like Fxview, FXVM, or eToro that offers various leverage ratios like 50:1, 100:1, 200:1, and 400:1. I have traded with them and could change the leverage ratio on their website’s dashboard.
I completely agree with you on this. I use Fxview too and I’m thinking about opening some demos with Oanda or XM. Let's see how that works out.
Lycineandrew
Feb 22 2021 at 13:31
37 Posts
stevenflam posted:
Lycineandrew posted:
Hey Rassell, I don’t go beyond 1:200 with the leverage and overall I don’t like to risk more than 2% of my trades.
Isn’t 2% low? I would risk at least 4% of my total trade to be able to get somewhere with returns.
Well, some people are risk takers while others are not. Simple as that if you ask me.
LyudmilLukanov
Feb 22 2021 at 23:06
869 Posts
Lycineandrew posted:
stevenflam posted:
Lycineandrew posted:
Hey Rassell, I don’t go beyond 1:200 with the leverage and overall I don’t like to risk more than 2% of my trades.
Isn’t 2% low? I would risk at least 4% of my total trade to be able to get somewhere with returns.
Well, some people are risk takers while others are not. Simple as that if you ask me.
I think trading is not the safe way to invest money. Traders always have to take risk to earn money.
LeviSievwright5
Feb 23 2021 at 01:40
298 Posts
If you want to trade, you must control the risk. And the best way to control this risk is to select low leverage.
christielowe
Feb 24 2021 at 04:17
35 Posts
That’s not true. There are so many ECN brokers that offer leverage more than 1:100. Some ECN brokers that I have already been using include ICM and Fxview and they offer quite high leverage. You need to go for their offshore option if you want to use high leverage.
Mikehussey
Feb 24 2021 at 05:58
58 Posts
The ECN brokers that I have used so far have offered me 1:500 leverage on average. So, I don’t think there is any truth in what you are saying.
first_time
Feb 24 2021 at 09:29
77 Posts
Mikehussey posted:
The ECN brokers that I have used so far have offered me 1:500 leverage on average. So, I don’t think there is any truth in what you are saying.
Can you share what broker is it?
Pointingmark
Feb 25 2021 at 05:15
28 Posts
You really need to do some more research on offshore brokers. There is no limit to the leverage that an ECN broker can offer. It is their choice and they set the limit according to their own conditions.
blandpatsyy
Feb 25 2021 at 11:09
42 Posts
Mikehussey posted:
The ECN brokers that I have used so far have offered me 1:500 leverage on average. So, I don’t think there is any truth in what you are saying.
So have I! There are some ECN brokers that offer leverage around 1:1000. However, it is up to the trader what leverage they want to use. I personally think that 1:100 is also quite high.
gookerjohnson
Feb 26 2021 at 10:13
19 Posts
Just because your broker is offering high leverage doesn’t mean that you have to use it. You must use leverage in accordance with what you can afford to lose.
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