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What leverage do you all use?

vontogr (togr)
Jun 29 2020 at 08:05
posts 4862
EllisParker posted:
summer_552 posted:
I am currently using 1:500 of leverage, as it allows me to use less of my funds and helps in diversifying my trade portfolio; thereby increasing the chances of profitability.

Isn't 500x too risky at the same time ?

Risk is not coming from leverage
It does come from your trading and money managenent.

You can wipe account even with 1:30 leverage
LeviSievwright5
Sep 15 2020 at 02:00
posts 298
The less leverage you use, the better. If the leverage is low, you will refrain from over trading due to margins. I suggest using 1: 500 leverage. This leverage will always support you in trading.
Gracewilson1995
Sep 15 2020 at 07:54
posts 147
I use a maximum leverage of 200X as it is a double edged sword which needs to be used wisely
vontogr (togr)
Sep 15 2020 at 08:25
posts 4862
LeviSievwright5 posted:
The less leverage you use, the better. If the leverage is low, you will refrain from over trading due to margins. I suggest using 1: 500 leverage. This leverage will always support you in trading.
Oh man.
If you say it is best to use low leverage and then say 1:500 is the right leverage to use
it does mean you know nothing.

Either you prefer low leverage like 1:10
Or you prefer high leverage like 1:500
You simply can't support both.
radioactive
Sep 15 2020 at 09:27
posts 63
Using 1:15 at the most at the moment. Sometimes I prefer to use 1:10
masterblack0
Sep 15 2020 at 10:05
posts 6
my country brokers only offer 1:200 maximum
lovefortrading (perryjohn765)
Sep 16 2020 at 09:10
posts 238
I prefer leverage with maximum 30X because of my country restrictions
Gracewilson1995
Oct 13 2020 at 12:26
posts 147
Currently I am using 1:30, being a new trader I prefer keeping the leverage low due to high risk assigned with it.
FXPips11
Oct 13 2020 at 12:42
posts 5
500:1 then take current account balance, divided by 20, so a $500 account would be using .25 per trade.
vontogr (togr)
Oct 13 2020 at 13:09
posts 4862
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.
FXPips11
Oct 15 2020 at 14:18
posts 5
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.
LeviSievwright5
Oct 15 2020 at 23:33
posts 298
The lower the leverage in trading, the better. I suggest using 1:500 leverage.
Amber_0302
Oct 16 2020 at 04:20
posts 54
currently i'm using 30x leverage because the higher leverage can be a risk.
JamDay
Oct 16 2020 at 07:34
posts 10
1:100 Maximum often lower at 1:10. No point using massive leverage . Too much risk
vontogr (togr)
Oct 16 2020 at 07:53
posts 4862
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...
vontogr (togr)
Oct 16 2020 at 07:54
posts 4862
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?
Freddy123
Oct 16 2020 at 08:32
posts 15
It really depends what you want to do?

If you are a swing trader you don't need an account with a high leverage but if you are a scalper and make tiny but large trades, higher leverage will help you.
AliaDare
Nov 08 2020 at 02:10
posts 788
I think 1:10 is the best leverage.
LeviSievwright5
Nov 08 2020 at 02:44
posts 298
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.
Nutter21
Nov 08 2020 at 11:35
posts 13
I am in the EU so max leverage I can get is 1:50. That is not good because I need large deposit before I can trade
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