Forex

There is no certainty in business including Forex, even this is the most challenging profession where we traders can lose all of our trading capital just within a minute, that’s the importance of money management policies! By the way, I have already reduced my risk reward ratio so smartly according to my long-term trading knowledge and experience!

Mohammadi posted:
in Forex In order to my trading experience, I think For the traders who are particularly newbie the best leverage is 1:20(maximum) attend no 200. But the trader who has 100% wining method in Forex trading can use 1:500 leverage . 1:500 leverage will be best for those traders. But one thing that, all leverage are good. Its only depends on trading strategies and trading plan of a trader.

Absolutely right! leverage is a very good concept if you have a good trading strategy with proper risk management it can amplify your profits and it can also multiply losses if you don't have any. so it solely depends on the trader how they utilize it.

WiktorM posted:

Mohammadi posted:
in Forex In order to my trading experience, I think For the traders who are particularly newbie the best leverage is 1:20(maximum) attend no 200. But the trader who has 100% wining method in Forex trading can use 1:500 leverage . 1:500 leverage will be best for those traders. But one thing that, all leverage are good. Its only depends on trading strategies and trading plan of a trader.

Absolutely right! leverage is a very good concept if you have a good trading strategy with proper risk management it can amplify your profits and it can also multiply losses if you don't have any. so it solely depends on the trader how they utilize it.

I agree 100% when I first started trading I was using 1:500 leverage, but after a while I saw that I was over exposing my account, now my trades are around 1:5 leverage and my results are much better!

You must have big account for 1:5. I need the leverage other wise I would not be able to make any money at all. We are all here to make real money not a few dollars a week. I need the leverage for that

Dambovita posted:
You must have big account for 1:5. I need the leverage other wise I would not be able to make any money at all. We are all here to make real money not a few dollars a week. I need the leverage for that

Leverage is NOT account protection.
Yes it close trade at the loss but if you do repeat that too often it will wipe the account as well
Check this account with low leverage as example
https://www.myfxbook.com/members/joshuaD/bag/2570876