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What leverage do you all use?
Membre depuis Mar 16, 2020
posts 54
Oct 16, 2020 at 04:20
currently i'm using 30x leverage because the higher leverage can be a risk.
Membre depuis Feb 22, 2011
posts 4573
Oct 16, 2020 at 07:53
FXPips11 posted:togr posted:FXPips11 posted:
500:1 then take current account balance, divided by 20, so a $500 account would be using .25 per trade.
It does not work that way.
1. There is an account leverage let say 1:500
2. Which determines how much margin is needed for trade. For your example that would be
0.25 lot is 25 000 units
So for example 25 000 usd. With leverage 1:500 you need 25 000 / 500 = $500 for margin. For 0.25 EURUSD it would be 500 EUR.
3. Your example is description of rule for volume. So you would trade 0.25 on $500 account. That is silly.
You should have a rule for risk which consist of trade volume, SL and TP. So lets say for $500 account you should open 0.01 lot trades with SL and TP equal to 10.0 pips. So as result you get either $1 profit or loss.
my 350% gain in 15 trading days would beg to differ. 158 wins, 15 loses.
Really
This user doesn't share any systems currently.
Anyway I dont judge your trading results
but the very basic understanding of meaning of leverage, margin, trade size, etc...
Membre depuis Feb 22, 2011
posts 4573
Oct 16, 2020 at 07:54
LeviSievwright5 posted:
The lower the leverage in trading, the better. I suggest using 1:500 leverage.
Oh man
low leverage is 1:5 not 1:500
So do you approve low leverage or high?
Membre depuis Jul 20, 2020
posts 286
Nov 08, 2020 at 02:44
togr posted:LeviSievwright5 posted:
The lower the leverage in trading, the better. I suggest using 1:500 leverage.
Oh man
low leverage is 1:5 not 1:500
So do you approve low leverage or high?
Sorry for my mistake, I'm thinking 1:50 leverage is the best but it's my typing mistake.
Membre depuis Oct 08, 2020
posts 22
Nov 09, 2020 at 10:01
I believe that leverage is truly called the double-edged sword. I have myself made both profits and losses with it. I have never used leverage more than 1:50. What is the highest leverage you ever used? Did you make profits?
Membre depuis Oct 12, 2020
posts 26
Nov 12, 2020 at 06:04
I think it is better to keep the leverage low. I usually keep it around 1:50 for particular trade situations.
Membre depuis Nov 30, 2020
posts 7
Nov 30, 2020 at 14:36
Joao91 posted:
I like to keep it low. Using 1:20 so far with fxview, for me that works well. Also, it depends on what am trading. But I don’t go beyond that level.
fully agree
I prefer to use max 1:50
but if the deposit is too small and I use EA so I can set 1:500
but anyway I recommend to use low lavarage
Membre depuis Nov 07, 2020
posts 19
Dec 17, 2020 at 11:58
Yep fully agree, at the same time highs and lows can be such relative terms if you think of it. For me anything beyond 10x is high. Fxview is giving me 500:1 and instaforex gave 1000:1, but I never go beyond 10:1.
Membre depuis Jul 09, 2020
posts 32
Dec 21, 2020 at 12:26
Marshalsam877 posted:
all brokers these days are throwing leverage at their clients.
Right. Less is more for me.
Membre depuis Dec 05, 2020
posts 76
Feb 18, 2021 at 10:28
robindude posted:
I am not a fan of leverage, but they can be useful if you have smaller funds. If that was the case, I would go for 10x, max.
I see. As they say, better to be safe than sorry, Isn't it ?
Membre depuis Jan 29, 2021
posts 4
Mar 30, 2021 at 10:28
I use 1:500 as it suits my trading style
