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What is your favorite leverage?
Member Since Oct 07, 2020
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Nov 05, 2020 at 15:02
Member Since Feb 27, 2020
160 posts
colininghrams posted:
I generally use 1:20 and sometimes go to 1:50. Higher leverage seems lucrative but from my experience they just work against you.[quote
Totally agree with you. I use 1_100. Anything above just seems too risky for my strategy.
Have a good trading day!
Member Since Jul 20, 2020
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Nov 06, 2020 at 07:22
Member Since Oct 19, 2020
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Forex or any other trading for that matter can only benefit when you’ve got complete control over your emotions. I believe with higher leverage you let emotions take over you. Isn’t trading all about minimizing risk? So why use higher leverage in the first place?! My suggestion would be to go for lower or intermediate leverage and don't fall in the trap of higher leverages.
Member Since Oct 09, 2020
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Nov 09, 2020 at 04:05
Member Since Oct 09, 2020
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For a new trader my advice would be to use lower leverages. Or if you really want to get a hand on higher leverage then try with small deposit amounts. Open an account with a broker that has a very low minimum balance requirement like Degiro, no min balance required, or Fxview (Euro 5). This will give you confidence for switching on to higher amounts with higher leverages.
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Nov 16, 2020 at 14:20
Member Since Oct 07, 2020
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@SofieAndreasen i am just not sure whether the leverage differs for a demo or live account?
Nov 18, 2020 at 12:30
Member Since Oct 07, 2019
39 posts
There has to be a reason why regulated brokers like Fxview, ICM, Fxpro are offering low leverage. It is best for us only. Why risk traders are willing to risk so much, i really don't understand, with such security of funds are also at stake since no regulated broker will give high leverage.

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