Why are you all advertising for your brokers here? The question was about leverage not about brokers. 🙄 The higher the leverage the higher the risks (that you'll lose it all (if huge losses), or that the broker won't pay you out (if huge profits)).
marco_mmbiz posted: Why are you all advertising for your brokers here? The question was about leverage not about brokers. 🙄 The higher the leverage the higher the risks (that you'll lose it all (if huge losses), or that the broker won't pay you out (if huge profits)).
The part where the broker might not pay out the profits is where the trouble starts, and that's why I think people are careful through which broker they trade, someone with a good withdrawal history I suppose is always better.
posted: Are high and low leverage two sides of the same coin? I have started fresh in forex and not able to make a right judgment for a good leverage.
Not sure how correct it is to say there are high risks with high leverage.
Recommendations needed from experience holders.
I think high leverage will put your capital in high risk. 1:500 should be maximum for all although different brokers are offering different leverage but ultimately profit making in forex depends on your skills only.
russellgutierrez posted: I’m using Oanda right now. I don’t really use high leverage so that works for me. Any other recommendations?
I’ve been around so long that I like to say I’ve used them all. Jokes apart, I have traded with quite good and bad ones. Oanda, IG, LCG, Fxview, Pepperstone are surely the good ones around. Healthy tip- stay away from scammers and research before investing.
I don’t think you should worry so much. Just choose the right platform and trade. I trade with XTB and Forex.com. The leverage varies from trade to trade and is usually high. Since it has worked for me, I go with it.
High leverage does come with high risk. It is better to keep the leverage low but if you want to experiment and give it a shot, high leverage can open doors for potential profit which is sometimes worth the risk.
If a trader does not know how to manage capital and predict the most likely outcome of a trade, then a large leverage can only harm him. Therefore, after a while I just started using leverage up to 1: 1000