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What leverage do you all use?
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Gracewilson1995

Mitglied seit Jan 11, 2019  73 Beiträge Gracewilson1995 Oct 13 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.

FXPips11

Mitglied seit Jun 19, 2011  5 Beiträge FXPips11 Oct 13 at 12:42
500:1 then take current account balance, divided by 20, so a $500 account would be using .25 per trade.

togr

Mitglied seit Feb 22, 2011  4836 Beiträge vontogr (togr) Oct 13 at 13:09
FXPips11 posted:
500:1 then take current account balance, divided by 20, so a $500 account would be using .25 per trade.

It does not work that way.

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.

FXPips11

Mitglied seit Jun 19, 2011  5 Beiträge FXPips11 Oct 15 at 14:18 (bearbeitet Oct 15 at 14:19 )
togr posted:
FXPips11 posted:
500:1 then take current account balance, divided by 20, so a $500 account would be using .25 per trade.

It does not work that way.

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.

LeviSievwright5

Mitglied seit Jul 20, 2020  156 Beiträge LeviSievwright5 Oct 15 at 23:33
The lower the leverage in trading, the better. I suggest using 1:500 leverage.

Amber_0302

Mitglied seit Mar 16, 2020  53 Beiträge Amber_0302 Oct 16 at 04:20
currently i'm using 30x leverage because the higher leverage can be a risk.

JamDay

Mitglied seit Jun 19, 2019  10 Beiträge JamDay Oct 16 at 07:34
1:100 Maximum often lower at 1:10. No point using massive leverage . Too much risk

togr

Mitglied seit Feb 22, 2011  4836 Beiträge vontogr (togr) Oct 16 at 07:53
FXPips11 posted:
togr posted:
FXPips11 posted:
500:1 then take current account balance, divided by 20, so a $500 account would be using .25 per trade.

It does not work that way.

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.

Really
This user doesn't share any systems currently.

Anyway I dont judge your trading results
but the very basic understanding of meaning of leverage, margin, trade size, etc...

togr

Mitglied seit Feb 22, 2011  4836 Beiträge vontogr (togr) Oct 16 at 07:54
LeviSievwright5 posted:
The lower the leverage in trading, the better. I suggest using 1:500 leverage.

Oh man
low leverage is 1:5 not 1:500
So do you approve low leverage or high?

Freddy123

Mitglied seit Apr 06, 2017  15 Beiträge Freddy123 Oct 16 at 08:32
It really depends what you want to do?

If you are a swing trader you don't need an account with a high leverage but if you are a scalper and make tiny but large trades, higher leverage will help you.

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HIGH RISK WARNING: Foreign exchange trading carries a high level of risk that may not be suitable for all investors. Leverage creates additional risk and loss exposure. Before you decide to trade foreign exchange, carefully consider your investment objectives, experience level, and risk tolerance. You could lose some or all of your initial investment; do not invest money that you cannot afford to lose. Educate yourself on the risks associated with foreign exchange trading, and seek advice from an independent financial or tax advisor if you have any questions. Any data and information is provided 'as is' solely for informational purposes, and is not intended for trading purposes or advice. Past performance is not indicative of future results.