unsightlydray
Miembro desde Oct 29, 2020
posts 53
Jan 24 2021 at 09:34
As someone with just a few dollars extra to give trading a shot, would it be possible at all to gain anything without the use of leverage? And is it even wise to use up all of your own cash?
Disclaimer: I am not just another trader who is dreaming of a yacht life, I just want to be able to get by with the basics of life through trading profits.
Suggestions appreciated.
Disclaimer: I am not just another trader who is dreaming of a yacht life, I just want to be able to get by with the basics of life through trading profits.
Suggestions appreciated.
The use of leverage that brokers offer in principle makes sense, you should be a little prepared and learn all the nuances of how it works.
unsightlydray posted:Technically leverage helps you to gain more but the problem with them is that you can also lose completely
As someone with just a few dollars extra to give trading a shot, would it be possible at all to gain anything without the use of leverage? And is it even wise to use up all of your own cash?
unsightlydray
Miembro desde Oct 29, 2020
posts 53
Jan 27 2021 at 06:16
Beagelv posted:All up for learning mate!
The use of leverage that brokers offer in principle makes sense, you should be a little prepared and learn all the nuances of how it works.
unsightlydray
Miembro desde Oct 29, 2020
posts 53
Jan 27 2021 at 06:17
ddarko3 posted:I hear about it being a double-edged sword and all, but without it, I doubt I will be able to gather anything.unsightlydray posted:Technically leverage helps you to gain more but the problem with them is that you can also lose completely
As someone with just a few dollars extra to give trading a shot, would it be possible at all to gain anything without the use of leverage? And is it even wise to use up all of your own cash?
unsightlydray
Miembro desde Oct 29, 2020
posts 53
Jan 28 2021 at 07:17
forextrader777 posted:I have no intentions of jumping the gun, but when I do go live, I wanna know if one should start with all of their own capital or use little bit of leverage
Leverage does help in multiplying your profits but don't forget that losses will also be in multiples which is why it needs proper understanding of how it works. So, it’s better to learn about it’s concept first.
blandpatsyy
Miembro desde Jul 17, 2020
posts 42
Jan 28 2021 at 10:53
Leverage sure is a double-edged sword, but without leverage trading would not bring in any scalable results. That is unless you have heaps of money to invest. How much would a movement of a few pips give on 3 or 4k. That also might be considered a big amount for a lot of current investors in the market. Considering most are part-timers, and some even college lads.
Had it not been for leverage, I would have stopped after meagre earnings. Still trading solely because of high leverage.
Had it not been for leverage, I would have stopped after meagre earnings. Still trading solely because of high leverage.
dutchy1986
Miembro desde Jan 13, 2021
posts 52
Jan 28 2021 at 19:12
On small accounts you need it to be fair to have a chance at trading
Garrywilson
Miembro desde Oct 15, 2020
posts 37
Jan 29 2021 at 09:20
I find it too risky to use leverage. Can’t imagine owing money to the broker and defeat the whole purpose of being in the market.
blandpatsyy
Miembro desde Jul 17, 2020
posts 42
Jan 29 2021 at 12:06
Garrywilson posted:If you use a broker that offers negative balance protection, there’s no way that you’ll be risking owing anything to the broker. Then there’s stop loss as well to the rescue. If I’m not wrong all brokers offer these features, and if yours don’t, simply transfer your funds to a better broker.
I find it too risky to use leverage. Can’t imagine owing money to the broker and defeat the whole purpose of being in the market.
In order for it not to be so costly, you need to correctly, correctly calculate and prescribe in your trading plan.
Vanza Dorbey
(vanzadorbey)
Miembro desde Jan 17, 2021
posts 31
Jan 29 2021 at 18:54
Faujinn posted:which broker should i choose for the your suggested plan Faujinn
In order for it not to be so costly, you need to correctly, correctly calculate and prescribe in your trading plan.
LeviSievwright5
Miembro desde Jul 20, 2020
posts 298
Jan 31 2021 at 01:53
The higher the leverage, the higher the risk. So it is very important to be careful about leverage.
unsightlydray
Miembro desde Oct 29, 2020
posts 53
Feb 01 2021 at 06:22
dutchy1986 posted:That’s what I think, can’t put in all my savings for trying my hand at trading, leverage is important.
On small accounts you need it to be fair to have a chance at trading
unsightlydray
Miembro desde Oct 29, 2020
posts 53
Feb 01 2021 at 06:24
Faujinn posted:Ya and that’s why my plan as of now is based on risk management, every decision revolves around it, including leverage.
In order for it not to be so costly, you need to correctly, correctly calculate and prescribe in your trading plan.
unsightlydray
Miembro desde Oct 29, 2020
posts 53
Feb 01 2021 at 06:25
LeviSievwright5 posted:Certainly! I am devoting maximum time on my risk management part of the trading plan. Not planning on risking more than 1%, and going to maintain a ratio of 1:3 for using leverage. Hopefully I’m on the right track.
The higher the leverage, the higher the risk. So it is very important to be careful about leverage.
Tradelist45
Miembro desde Jun 26, 2020
posts 327
Feb 01 2021 at 09:44
right now i am using high leverage most of the time in demo ,
it supports me to avoid unfortunate risk and losses when trading in a real account.
it supports me to avoid unfortunate risk and losses when trading in a real account.
Garrywilson
Miembro desde Oct 15, 2020
posts 37
Feb 01 2021 at 11:28
ddarko3 posted:I completely agree with you, and sadly it’s the losing part that happens more.unsightlydray posted:Technically leverage helps you to gain more but the problem with them is that you can also lose completely
As someone with just a few dollars extra to give trading a shot, would it be possible at all to gain anything without the use of leverage? And is it even wise to use up all of your own cash?
unsightlydray
Miembro desde Oct 29, 2020
posts 53
Feb 02 2021 at 04:54
Tradelist45 posted:I don’t get it! Did you actually mean you are using “high leverage” which is keeping you safe????
right now i am using high leverage most of the time in demo ,
it supports me to avoid unfortunate risk and losses when trading in a real account.