Feb 25 at 11:09
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.
Feb 26 at 10:13
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.
Feb 27 at 10:41
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.
Simply to increase the scope of profit and who wouldn’t do that? Imagine having $100 and then the prospect of investing $100,000 because of leverage. Your chances or profitability will also rise up.
Mar 01 at 09:55
One line for high leverage- big profits can end up being smaller, and small losses can turn out to be bigger. How many of us actually have the understanding of stopping when the prices are moving away from the predictions?
Mar 01 at 11:51
Lycineandrew posted:
One line for high leverage- big profits can end up being smaller, and small losses can turn out to be bigger. How many of us actually have the understanding of stopping when the prices are moving away from the predictions?
I used high leverage presuming to make more profit. Did well for a while but ended up getting a margin call. Thinking shouldn’t have taken high leverage in the first place.
Mar 01 at 12:06
Lycineandrew posted:
One line for high leverage- big profits can end up being smaller, and small losses can turn out to be bigger. How many of us actually have the understanding of stopping when the prices are moving away from the predictions?
That’s why there’s stop loss right?!
Mar 01 at 19:14
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.
Mar 02 at 04:12
Well, lesson learnt but what you need to know is that there are many accredited brokers like fxview, instaforex, forex.com who offer leverage starting from 1:50 to 1:1000. Choose wisely.
Mar 02 at 06:25
blandpatsyy posted: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.
I don’t think so. 1:100 leverage is quite common and not high when trading forex.
DanielGlaus posted:
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.
I completely agree with you. There are many scams that look like authentic signals. Though the trading signals are supposed to be sent by professional traders or analysts, you won’t get to know who the people are behind the name signal provider.
