Mar 03 2021 at 12:12
It’s true that you will have to take risks in the forex market. But these risks should not come in the form of leverage that may make you lose more than you can afford. It is essential to understand the concept of leverage before you use it in your trades.
Mar 03 2021 at 13:13
DanielGlaus posted:If there was some sort of such advanced EAs / technology, then we all would have been billionaires right :) I mean everybody would have been using it then
It's not possible to make consistent profit by following signals, no matter what technology or website they use. At the end you are going to lose your money. It's just waste of time and money.
No, that’s not true. There is no limit to how much leverage an ECN broker can offer. I have myself seen ECN brokers offering leverage as high as 1:1000. As a trader, you can decide what leverage you want to use.
It doesn’t really matter what leverage your broker is offering. I don’t think any trader would want to risk anything more than they can afford to lose. But if you are well-acquainted with risk management and money management, you can use high leverage. The maximum leverage I have used has been 1:400 with fxview and then 1:300 with Fibo Group when I was quite sure about the direction of the market. Otherwise, I keep it between 1:50 to 1:100 fearing the magnified losses.
Mar 05 2021 at 04:02
I don’t think there is any truth in saying that ECN brokers don’t offer leverage more than 1:100. In case, you believe in this but want to use high leverage, you can go for some offshore brokers. There are so many of them that have helped a lot of clients in making big profits.
Mar 05 2021 at 06:46
The reason why brokers offer leverage is to attract traders to trade more because statistically, a trader who trades more, eventually loses more that brokers can take benefit of. This is the reason why you are always told to use leverage properly.
Mar 05 2021 at 08:12
No need to believe everything you read. By doing this, you are just opening your doors to scams. You must test brokers with and without leverage. The one that lets you trade better is the one you must choose.
You seem to have chosen the wrong source of information. If you would have researched a bit more, you would have come to know about the truth on your own. I have faced many issues by following the rumours. So, I have decided to research everything on my own.
Mar 06 2021 at 11:20
Pointingmark posted:True that! Leverage isn’t always an opportunity to grab. It can sometimes be a trap. Use your analysis before you take any unnecessary risks of using leverage. I have been into forex trading with fxview and swissquote for the last few years and I never felt the need of risking more money than I can afford to invest because if the currency underlying my trade moves in the opposite direction, leverage will greatly amplify the potential losses.
The reason why brokers offer leverage is to attract traders to trade more because statistically, a trader who trades more, eventually loses more that brokers can take benefit of. This is the reason why you are always told to use leverage properly.
turnipfollow posted:It’s completely a trader’s point of view. Where there are traders who lost insanely because of leverage, there are also traders who made profits insanely. You just need to know what you are doing and everything else is good.Pointingmark posted:True that! Leverage isn’t always an opportunity to grab. It can sometimes be a trap. Use your analysis before you take any unnecessary risks of using leverage. I have been into forex trading with swissquote for the last few years and I never felt the need of risking more money than I can afford to invest because if the currency underlying my trade moves in the opposite direction, leverage will greatly amplify the potential losses.
The reason why brokers offer leverage is to attract traders to trade more because statistically, a trader who trades more, eventually loses more that brokers can take benefit of. This is the reason why you are always told to use leverage properly.
Mar 06 2021 at 13:41
I think leverage can help at the beginning. It becomes less important as your investment bank grows. Leverage is definitely an asset to begin with. Just focus on psychology and a strategy you can master and you will be profitable once you follow your rules
have a very good journey again , just one thing always remember
there is no short cut way of learning in there , you must pass a long time in there with great patience.
there is no short cut way of learning in there , you must pass a long time in there with great patience.
Mar 08 2021 at 12:51
CraigMcG2020 posted:I sure think leverage can help, that is of course, if used where risk is predetermined, and an ideal risk:reward ratio is maintained.
I think leverage can help at the beginning. It becomes less important as your investment bank grows. Leverage is definitely an asset to begin with. Just focus on psychology and a strategy you can master and you will be profitable once you follow your rules
Mar 08 2021 at 12:51
AmDiab posted:I shall strive to be patient. :)
have a very good journey again , just one thing always remember
there is no short cut way of learning in there , you must pass a long time in there with great patience.
Forex trading requires a lot of information and research. The more you try to develop a trading strategy, the more Forex will allow you to make money.
Mar 09 2021 at 11:52
AliaDare posted:And believe me, the more confusing it gets phew
Forex trading requires a lot of information and research. The more you try to develop a trading strategy, the more Forex will allow you to make money.
Mar 10 2021 at 10:25
layerchazard posted:That is right and it is sometimes better to test a broker based on your preference than trust anyone’s opinion.
No need to believe everything you read. By doing this, you are just opening your doors to scams. You must test brokers with and without leverage. The one that lets you trade better is the one you must choose.
Mar 11 2021 at 04:06
Forex is full of risks and most investments are, so there is nothing much we can do about it really there. Just gotta work our way around them.
Mar 12 2021 at 04:26
leahmclaughlin posted:Good that it’s working for you. It is important to strike the right balance between your money and risk management.
Yeah we can only keep trying to reduce our potential risk by using some techniques and tools like stop loss or limit orders. I’ve been using low cost brokers (pepperstone) so that I can work on my money and risk management.This is probably something that has been saving my trades all along.
Mar 12 2021 at 10:01
Pointingmark posted:Thanks mate!leahmclaughlin posted:Good that it’s working for you. It is important to strike the right balance between your money and risk management.
Yeah we can only keep trying to reduce our potential risk by using some techniques and tools like stop loss or limit orders. I’ve been using low cost brokers (pepperstone) so that I can work on my money and risk management.This is probably something that has been saving my trades all along.
