What trade size and leverage to use in forex?

It depends on the experience. If the experience is correct, you can trade with any account.

The majority say that the ideal forex leverage ratio is between 1:100 - 1:200. But in my opinion, 1:100 leverage is the perfect leverage because it means that with $500 in the account, you have credit funds of $50,000 that are offered by the broker to open trades.

Best leverage is the highest leverage offered by your broker. It allows you to avoid getting any margin calls and lets you open as many trades as your margin permits. Of course, capital and risk management should be followed every single time. And if you do, leverage actually won't matter because you will always have a specific risk amount on any single trade.

8christianpaul8 posted:
Best leverage is the highest leverage offered by your broker. It allows you to avoid getting any margin calls and lets you open as many trades as your margin permits. Of course, capital and risk management should be followed every single time. And if you do, leverage actually won't matter because you will always have a specific risk amount on any single trade.

this comment is as flaw as many amateurs think.... Leverage is more than that, you almost presume everyone is rational

I'm pointing the right thing. Risk management is more important that your account leverage. Regardless of the leverage, you always want to know the risks on every trade you take. Amateur like you think leverage is bad but it's not or else, we will be earning too little for every trade we make.

8christianpaul8 posted:
That depends on your account capital and trading experience. If you don't know what you are doing yet, better to start with demo. It depends on your position sizing too.

I have the same opinion. The choice of trading platform depends on the knowledge and skills.

As for leverages, I can only recommend to stay away of the idea to trade with leverages until you gain enough experience in trading activity. It's a very dangerous thing and sometimes it can be disastrous for your deposit and funds. I think that those traders who want to start trading with leverages must remember one thing. Never use leverages without any idea of how do they work, because they can easily destroy your funds and you will accuse trading of it, while the blame is on you. So, think twice before starting trading with leverages and always try to choose the lowest leverages which are provided by your broker.

Leverage is a two-edged sword. Depending on where you are trading from in the world, you may or may not have an option.