How true is High leverage = High risk?
Membre depuis Oct 01, 2020
posts 37
Nov 26, 2020 at 10:52
Isn’t trailing stop loss a better use of sl? Also of late I have been relying a lot on the economic calendar. Really helpful in knowing if a particular time is good to trade.
Membre depuis Jul 20, 2019
posts 373
Nov 26, 2020 at 13:10
posted:
Are high and low leverage two sides of the same coin? I have started fresh in forex and not able to make a right judgment for a good leverage.
Not sure how correct it is to say there are high risks with high leverage.
Recommendations needed from experience holders.
No one should ever use a leverage above 1:500. This should be the overall maximum for everyone. Everything above is like you'd go to the bank and they'd give you a credit that is more than 500 times higher than your income, knowing you'd never ever get the chance to pay a possible loss back anytime soon (like if your monthly income is like 2k and they'd give your more than 1 million; that's not gonna happen). The most preferable leverages are between 1:10 and 1:500, but that's just my own opinion. Personally I prefer 1:100, but actually I trade with 1:500 on all my used brokers (because they won't give me 1:100), except my Cysec-/ESMA-regulated one where I get a max. of 1:30 which is still okay.
patience is the key
Membre depuis Oct 01, 2020
posts 49
Nov 26, 2020 at 13:24
another sharp point is your size of contract. It can be easily increased or lowered. Your trade location might be an influential factor with margin requirements and hence the max leverage. Most intermediate traders (include me too!) prefer a lower bet size and for that purpose, Metatrader 4 comes into picture as it allows that.
When I was into the process of transitioning to Fxview, I cancelled out a few shady brokers and preferred to go with regulated ones that also allowed support for MT4 and other trading platforms. Fxpro was my closest choice to catch up with MT5 and cTrader.
I just narrowed down to ecn as with my options shortlisted, Fxview was providing it. I prefer ecns for their adaptability to spreads when markets are highly volatile. I like to be pinned with low spreads afterall.
When I was into the process of transitioning to Fxview, I cancelled out a few shady brokers and preferred to go with regulated ones that also allowed support for MT4 and other trading platforms. Fxpro was my closest choice to catch up with MT5 and cTrader.
I just narrowed down to ecn as with my options shortlisted, Fxview was providing it. I prefer ecns for their adaptability to spreads when markets are highly volatile. I like to be pinned with low spreads afterall.
Membre depuis Oct 01, 2020
posts 37
Dec 01, 2020 at 09:40
I spent half a year just trying and deliberating different brokers and kinds of accounts. I think every trader should.
forex_trader_1996705
Membre depuis Nov 12, 2020
posts 18
Dec 01, 2020 at 09:57
Use low leverage for better risk management
Dec 01, 2020 at 10:31
Dorigda posted:It is ultimately all about risk management. Because I think not using leverage is just playing it too safe, and that can certainly not lead to big gains.
The ability to manage capital and certain skills can make the risks much less, and if you still use good leverage, like the broker Amarkets 1: 1000, then, in principle, there are no problems.
Membre depuis Oct 01, 2020
posts 37
Dec 02, 2020 at 03:55
High leverage is only safe in the hands of very experienced traders. It’s not meant for all.
Membre depuis Jul 09, 2020
posts 39
Dec 02, 2020 at 08:07
As I traded in the past, besides the leverage concern, I do assume that some of most underrated tools come in handy to arbitrate your ongoing trades.
Being a FXTM user, I mostly spent my time with: Pivot Point Strategy, Forex News Timeline, Margin Calculator, Profit Calculator and Invest Profit calculator.
@Lorencecolling : just out of curiosity, do you also feel that such tools are helpful in settling your trades to some extent? How’s it with yours, fxview?
Would appreciate a reply.
Being a FXTM user, I mostly spent my time with: Pivot Point Strategy, Forex News Timeline, Margin Calculator, Profit Calculator and Invest Profit calculator.
@Lorencecolling : just out of curiosity, do you also feel that such tools are helpful in settling your trades to some extent? How’s it with yours, fxview?
Would appreciate a reply.
Membre depuis Oct 01, 2020
posts 49
Dec 03, 2020 at 10:46
williamhayes posted:it’s not my bank account password you are asking for so I am all in for sharing my experiences :)
As I traded in the past, besides the leverage concern, I do assume that some of most underrated tools come in handy to arbitrate your ongoing trades.
Being a FXTM user, I mostly spent my time with: Pivot Point Strategy, Forex News Timeline, Margin Calculator, Profit Calculator and Invest Profit calculator.
@Lorencecolling : just out of curiosity, do you also feel that such tools are helpful in settling your trades to some extent? How’s it with yours, fxview?
Would appreciate a reply.
I am more into intuitions and instincts so don’t use them much.
Besides not operating all calculators (commissions, margins, pip values, swap, profit/loss, fibonacci, position sizes, pivot points) I rarely use autochartist on fxview for real time updates when I have my eyes glued to the screen.
Fine tuning my strategies is my only strategy to more successful trades (about 70%).
Membre depuis Jul 20, 2019
posts 373
Dec 04, 2020 at 08:54
Why are you all advertising for your brokers here? The question was about leverage not about brokers. 🙄
The higher the leverage the higher the risks (that you'll lose it all (if huge losses), or that the broker won't pay you out (if huge profits)).
The higher the leverage the higher the risks (that you'll lose it all (if huge losses), or that the broker won't pay you out (if huge profits)).
patience is the key
Membre depuis Jul 20, 2020
posts 341
Dec 06, 2020 at 10:11
I think High leverage means high risks if you don't have enough knowledge about using the leverage.
Membre depuis Oct 01, 2020
posts 37
Dec 08, 2020 at 12:57
williamhayes posted:I completely agree. High leverage should be left to the experts. Not everyone can handle that specially the newbies around. If the trade goes in the opposite direction, you’ll lose it all.
As I traded in the past, besides the leverage concern, I do assume that some of most underrated tools come in handy to arbitrate your ongoing trades.
Being a FXTM user, I mostly spent my time with: Pivot Point Strategy, Forex News Timeline, Margin Calculator, Profit Calculator and Invest Profit calculator.
@Lorencecolling : just out of curiosity, do you also feel that such tools are helpful in settling your trades to some extent? How’s it with yours, fxview?
Would appreciate a reply.
Dec 09, 2020 at 07:22
posted:
Are high and low leverage two sides of the same coin? I have started fresh in forex and not able to make a right judgment for a good leverage.
Not sure how correct it is to say there are high risks with high leverage.
Recommendations needed from experience holders.
I think high leverage will put your capital in high risk. 1:500 should be maximum for all although different brokers are offering different leverage but ultimately profit making in forex depends on your skills only.
The more your practice, the more you learn.
Dec 09, 2020 at 10:32
Ezereombre posted:
Fxview?? Never heard! Another offshore I bet
I use Fxview and it is fine. I think as long as your trade is good, it doesn’t really matter if the broker is local or not. At least it‘s regulated (not that it matters to me).
Membre depuis Oct 05, 2020
posts 21
Dec 10, 2020 at 13:25
I don’t think you should worry so much. Just choose the right platform and trade. I trade with XTB and Forex.com. The leverage varies from trade to trade and is usually high. Since it has worked for me, I go with it.
