Leverage question.
Nov 15, 2020 at 07:06
622 Views
10 Replies
Nov 15, 2020 at 07:06
(edited Nov 15, 2020 at 07:08)
Hi guys,
I'm new to trading. Currently trading on ECN broker. Since ECN broker charge per lot comission.
1) It makes sense if I trade on high leverage right? Since higher leverage means lower lot size = lower comission. Note that I only risk 1% per trade, so high or low leverage only affects my lot size, not my per trade $ size.
2) I'm using position size calculator in myfxbook but is there a way to not re-enter 500 contract size each time I turn it on?
Thx!
I'm new to trading. Currently trading on ECN broker. Since ECN broker charge per lot comission.
1) It makes sense if I trade on high leverage right? Since higher leverage means lower lot size = lower comission. Note that I only risk 1% per trade, so high or low leverage only affects my lot size, not my per trade $ size.
2) I'm using position size calculator in myfxbook but is there a way to not re-enter 500 contract size each time I turn it on?
Thx!
Member Since Jul 20, 2020
298 posts
Nov 16, 2020 at 01:00
You can use 1:50 leverage. This leverage will provide security to your account.
Member Since Aug 27, 2017
994 posts
Nov 23, 2020 at 11:45
if you think only learning can safe you when trading
, its completly wrong , you have to ensure regular practice session besdies this .
, its completly wrong , you have to ensure regular practice session besdies this .
Member Since Mar 17, 2021
536 posts
Apr 30, 2021 at 18:47
Adribaasmet posted:Yes. Practice makes a man perfect. To become a good trader, You have to practice more and more.
if you think only learning can safe you when trading
, its completly wrong , you have to ensure regular practice session besdies this .
Member Since Aug 27, 2017
994 posts
May 02, 2021 at 10:30
mostly use hugh leverage right now , 1:3000 trading leverage is for trading or gambling! Yes, which brokers manipulate traders trading result, they mainly inspire traders to trade with high risk reward ratio! By the way, Forex trading is not gambling! So, pro traders are comfortable with standard trading leverage.
Member Since Mar 16, 2021
477 posts
May 03, 2021 at 00:59
AliaDare posted:Yes, I think so too. Leverage should be selected depending on the investment.
Leverage usually depends on the investment. If my investment is good, I can use 1: 100 leverage.
Member Since Jul 23, 2020
869 posts
Sep 07, 2021 at 14:02
Try it in the demo first to see what leverage is to use.
Member Since Jul 23, 2020
759 posts
Sep 08, 2021 at 09:36
New traders should stick with low leverage to minimize the risk.
Nov 12, 2021 at 12:56
I guess that you don't need to trade with high leverage, because it can easily devastate your account. Novices would better start their acquintance with ordinary trading activity without leverages, because when they meet trading activity they must have to meet the market and understand how the price changes. Well, if you are eager to know how to trade with leverages then you can read some theory or wtch some videos from professionals. Even if you decide to trade with leverages, you have to start off the minimum leverage which is provided by your broker.
Member Since Jun 28, 2023
17 posts
Sep 07, 2023 at 04:42
Yes, higher leverage can lead to smaller lot sizes and lower commissions, but be cautious not to over-leverage and manage risk properly.
Check if your position size calculator has a 'save' or 'preset' feature to store your preferred contract size for convenience.
Check if your position size calculator has a 'save' or 'preset' feature to store your preferred contract size for convenience.
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