hankway10 posted:
High leverage should go with small lots to effectively control your risks. A lot of new traders fantasize about double their funds with high leverage, but end up throwing their money into the ocean..
High leverage allow high lots
Low leverage allow low lots
Risk is controlled by other tools than leverage
Jun 26 2018 at 11:41
togr posted:hankway10 posted:
High leverage should go with small lots to effectively control your risks. A lot of new traders fantasize about double their funds with high leverage, but end up throwing their money into the ocean..
High leverage allow high lots
Low leverage allow low lots
Risk is controlled by other tools than leverage
Perfect!
Stop loss is and Lot size is the main way that I manage risk. Just because can you a high Lot size does not mean that you have to use one
Jun 27 2018 at 06:04
My broker only allows 1:50 at most. Is that normal? I thought you could get 1:500
YellowStoneFX posted:
My broker only allows 1:50 at most. Is that normal? I thought you could get 1:500
It depends on the monitoring authority. Which broker you're using?
togr posted:hankway10 posted:
High leverage should go with small lots to effectively control your risks. A lot of new traders fantasize about double their funds with high leverage, but end up throwing their money into the ocean..
High leverage allow high lots
Low leverage allow low lots
Risk is controlled by other tools than leverage
Yes.
What I'm saying is for those new traders who dream of using small funds with high leverage to flip their profits. I'm just say for beginners it's not a good idea
Jul 06 2018 at 10:34
YellowStoneFX posted:
My broker only allows 1:50 at most. Is that normal? I thought you could get 1:500
Before taking a decision to choose broker, it's necessary to choose your suitable leverage first. Only then would you find the right broker that suits your needs.
In average, brokers offers maximum leverage of 500:1.
Jul 07 2018 at 01:00
YellowStoneFX posted:
My broker only allows 1:50 at most. Is that normal? I thought you could get 1:500
If you are a trader in the United States, then absolutely.
That's the maximum leverage a retail forex trader has available.
If it looks too good to be true, it's probably a scam! Let the buyer beware.
YellowStoneFX posted:
My broker only allows 1:50 at most. Is that normal? I thought you could get 1:500
Could you please share with us, which broker you are using, so we can advise you additionally...
Jul 10 2018 at 06:41
As far as picking a broker, just note and I find it funny that no one has mentioned the following... The broker takes more risk than the client because they offer the leverage. In the case of which a broker goes under, you can kiss you money good bye. Ask the people who lost money even though they werent in CHF pairs when the black swan account happened. No one has shown proof of getting their funds back and FXCM is a REGISTERED COMPANY IN THE US STOCK EXCHANGE NASDAQ. All in all, one needs to find a fool proof system before they even deposit in forex because if you dont, then you will be like tgor and with blown accounts by the dozen. Time will pass and you will have spent so much time and money only to get nothing out of it.
My avatar explains "social trading" perfectly.
