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Thank you for your understanding!
The leverage that the broker offers, is one thing. The leverage you use, it's another thing. If you are looking to trade like a pro, then trade unleverage, if you're looking to trade your own money, I would advice no more than 5:1 per trade.
togr posted: 1:30 on some account 1:100 on other account 1:500 on majority of accounts 1:1000 on some
Could you explain? (sorry for bothering you but I am just interested)
Different brokers DIfferent conditions Different pairs Different trading strategies ----------------------------------- Different leverages
It is actually good to have high leverage provided on your account. It gives you a liberty to trade with significant profit and low capital. Other thing is how much leverage you use. In this you need to stay disciplined and follow your money mgmt plan.
I use max leverage I can find from a regulated broker. Best I can find is 1:500 at the moment. As Vontogr says higher leverage is safer and better. US and EU think otherwise but they don't know what they are talking about
For avoiding risk I always use 1:100 leverage in spite of having up to leverage 1:2000 , actually leverage is an important financial tool which always contains risk , so it is better if we avoid using high leverage in real account.
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Leverage creates additional risk and loss exposure. Before you decide to trade foreign exchange, carefully consider your investment objectives, experience level, and risk tolerance.
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