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What trade size and leverage to use in forex?

8christianpaul8 (8christianpaul8)
Jan 17 at 17:31
85 mensajes
Kazile posted:
Contrary to the common misconception, the established leverage does not affect the trading results of Forex traders in any way. It only affects the size of the margin

Exactly. I've been telling people that but they kept asking the best leverage.

Trading is a marathon, not a sprint.
Stonesong
Jan 18 at 10:25
110 mensajes
The definition of leverage, investment depends on your strategy, experience, work and trading style.

Kylealker87
Jan 19 at 11:56
34 mensajes
Stonesong posted:
The definition of leverage, investment depends on your strategy, experience, work and trading style.

I hear that one should only do (even in trading) as the heart tells, which would mean defining leverage, strategy as per your own way of making things work for you. But I find this ideology a bit unnerving as with a market constantly fluctuating, how does one make their own rules, or does it make sense to have no rules within a broad area of free market ground! Just saying!

Jamespaul
Jan 21 at 08:27
24 mensajes
8christianpaul8 posted:
Jamespaul posted:
8christianpaul8 posted:
XM is good. XM is my very first broker. What they say is true that no requotes. Though I blew a few accounts with them due to my own mistakes as a newbie. I switched to RoboForex because of the free VPS and good profit share bonus. When I get more capital to open a new account, I will open an account with XM again.

With XM you don’t actually need a big trading balance to start trading. You can even open an account with them now. I made mine with an initial deposit of just $500. You actually only need $5 with them.

I know but I prefer something at least around 1k dollars like what I use on my 2 accounts.

That sounds about right, anyone with some experience in trading shouldn’t be putting in less than 1k for sure. Nothing much to gain otherwise.

mitchelmarsh008
Jan 21 at 09:22
21 mensajes
You can begin with identifying your risk per trade and the amount you want to invest. It is always wise to focus on your risk management. You can look for the lot size you would like to trade and see how it works out for you. I’m trading with some reliable brokers because of the platform choice. There is MT4, MT5 and Acttrader that I can access with Avatrade, Fxview and others.

ele020 (ele020)
Jan 21 at 09:53
150 mensajes
If you have to start your trading journey , %0X leverage and micro lots is the correct thing. Do no go with higher leverages.

The more your practice, the more you learn.
fafduplesis
Jan 21 at 12:30
25 mensajes
cardigan posted:
fafduplesis posted:
Does it offer vps?

If you are referring to fxview, then yes they offer affordable prices for VPS. You can check out in here: https://fxview.com/vps
For Forex4you, I couldn’t find it on their website and FAQ. I hope someone can share it if they find it.

Thanks for the info on fxview, was inquiring on forex4you though.

Numeromatt
Jan 22 at 10:35
37 mensajes
Gareylinn509 posted:
Numeromatt posted:
Leverage is a good option to use, don’t listen to those telling you that it should be avoided.

I don’t think that’s a very sound advice to be given to someone, leverage is a double edged sword, and more often than not, it proves to be on the wrong side of traders. Newbies are just greedy to make a quick buck and end up losing all their money, thanks to leverage.

I am also not saying that leverage should be used blindly, there has to be math to it.

irkedduff
Jan 22 at 13:01
26 mensajes
Can somebody please recommend some brokers that offer small trade size? I was keen on going with IG but found out they don’t offer micro lots.

Kylealker87
Jan 23 at 12:51
34 mensajes
ele020 posted:
If you have to start your trading journey , %0X leverage and micro lots is the correct thing. Do no go with higher leverages.

Without any leverage at all I won’t be able to gain anything, my trading capital’s not much.

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