What leverage do you all use?
Jun 03, 2020 at 14:36
I have seen according to my trading experience by and large traders in particularly the newcomers fall a great loss by taking high leverage due to non-sense planning and zero risk management policy , so it is more important to acquire risk management plan before trading with high leverage. My trading career I always use high leverage in demo account to see the performance how it works. It always helps me to avoid risk in my live account when trading practically with leverage.
Mitglied seit May 06, 2020
8 Posts
Jun 10, 2020 at 07:00
I am using 500X leverage currently. But just a suggestion to you guys, as a complete beginner use lower leverage as there is high risk involved with the higher leverage along with the advantages.
forex_trader_1579982
Mitglied seit Jun 04, 2020
48 Posts
Jun 14, 2020 at 14:31
Account above 100k 1:200 account below that 1:200 to 1:500
Jun 21, 2020 at 14:55
In my opinion , 1:200 leverage is good for a newbie. Because at these leverage there will be a low risk and average profit that a newbie will be interested to trade in Forex market as well as invest. When a newbie invest in Forex market and have not enough knowledge about leverage , they take high risk . so that leverage is better option to me.
Mitglied seit May 06, 2020
6 Posts
Jun 29, 2020 at 02:41
I am currently using 1:500 of leverage, as it allows me to use less of my funds and helps in diversifying my trade portfolio; thereby increasing the chances of profitability.
Mitglied seit Jun 24, 2020
34 Posts
Jun 29, 2020 at 06:18
summer_552 posted:
I am currently using 1:500 of leverage, as it allows me to use less of my funds and helps in diversifying my trade portfolio; thereby increasing the chances of profitability.
Isn't 500x too risky at the same time ?
Mitglied seit Feb 22, 2011
4862 Posts
Jun 29, 2020 at 08:05
EllisParker posted:summer_552 posted:
I am currently using 1:500 of leverage, as it allows me to use less of my funds and helps in diversifying my trade portfolio; thereby increasing the chances of profitability.
Isn't 500x too risky at the same time ?
Risk is not coming from leverage
It does come from your trading and money managenent.
You can wipe account even with 1:30 leverage
Mitglied seit Jul 20, 2020
298 Posts
Sep 15, 2020 at 02:00
The less leverage you use, the better. If the leverage is low, you will refrain from over trading due to margins. I suggest using 1: 500 leverage. This leverage will always support you in trading.
Mitglied seit Jan 11, 2019
147 Posts
Sep 15, 2020 at 07:54
I use a maximum leverage of 200X as it is a double edged sword which needs to be used wisely
Mitglied seit Feb 22, 2011
4862 Posts
Sep 15, 2020 at 08:25
LeviSievwright5 posted:Oh man.
The less leverage you use, the better. If the leverage is low, you will refrain from over trading due to margins. I suggest using 1: 500 leverage. This leverage will always support you in trading.
If you say it is best to use low leverage and then say 1:500 is the right leverage to use
it does mean you know nothing.
Either you prefer low leverage like 1:10
Or you prefer high leverage like 1:500
You simply can't support both.
Mitglied seit Sep 07, 2020
72 Posts
Sep 15, 2020 at 09:27
Using 1:15 at the most at the moment. Sometimes I prefer to use 1:10
Mitglied seit Sep 15, 2020
6 Posts
Sep 15, 2020 at 10:05
my country brokers only offer 1:200 maximum
Mitglied seit Sep 12, 2017
238 Posts
Sep 16, 2020 at 09:10
I prefer leverage with maximum 30X because of my country restrictions
Mitglied seit Jan 11, 2019
147 Posts
Oct 13, 2020 at 12:26
Currently I am using 1:30, being a new trader I prefer keeping the leverage low due to high risk assigned with it.
Mitglied seit Feb 22, 2011
4862 Posts
Oct 13, 2020 at 13:09
FXPips11 posted:It does not work that way.
500:1 then take current account balance, divided by 20, so a $500 account would be using .25 per trade.
1. There is an account leverage let say 1:500
2. Which determines how much margin is needed for trade. For your example that would be
0.25 lot is 25 000 units
So for example 25 000 usd. With leverage 1:500 you need 25 000 / 500 = $500 for margin. For 0.25 EURUSD it would be 500 EUR.
3. Your example is description of rule for volume. So you would trade 0.25 on $500 account. That is silly.
You should have a rule for risk which consist of trade volume, SL and TP. So lets say for $500 account you should open 0.01 lot trades with SL and TP equal to 10.0 pips. So as result you get either $1 profit or loss.
Oct 15, 2020 at 14:18
(bearbeitet Oct 15, 2020 at 14:19)
togr posted:FXPips11 posted:It does not work that way.
500:1 then take current account balance, divided by 20, so a $500 account would be using .25 per trade.
1. There is an account leverage let say 1:500
2. Which determines how much margin is needed for trade. For your example that would be
0.25 lot is 25 000 units
So for example 25 000 usd. With leverage 1:500 you need 25 000 / 500 = $500 for margin. For 0.25 EURUSD it would be 500 EUR.
3. Your example is description of rule for volume. So you would trade 0.25 on $500 account. That is silly.
You should have a rule for risk which consist of trade volume, SL and TP. So lets say for $500 account you should open 0.01 lot trades with SL and TP equal to 10.0 pips. So as result you get either $1 profit or loss.
my 350% gain in 15 trading days would beg to differ. 158 wins, 15 loses.
Mitglied seit Jul 20, 2020
298 Posts
Oct 15, 2020 at 23:33
The lower the leverage in trading, the better. I suggest using 1:500 leverage.
