What is your favorite leverage?

Seen most of the traders going with a normal range instead of lower or higher leverage. What leverage you use as a trader and why?

1:100 to 1500 is leverages I have been using and good profits in return, some broker will limit it with very big balance.

I generally use 1:20 and sometimes go to 1:50. Higher leverage seems lucrative but from my experience they just work against you.

1:50 is my sweet spot

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!

I usually use 1: 500 leverage. And I always suggest a beginner trader use this leverage.

Below 1:200

LeviSievwright5 posted:
I usually use 1: 500 leverage. And I always suggest a beginner trader use this leverage.

It's a bad ideal to tell beginner to use that, only pros should.

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.

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.

for me the minimum required is 50X and maximum i like to avail is 500X.

Do leverage facilities come with some hidden charges?

when i can predict the real faction of this market with certainly then i use only high leverage to bring profit very rapidly. otherwise i always use low leverage.

I'm using 30x leverage and it works fine for me

I also use high leverage with USDCAD, AUDUSD (though this was worst) on my three different accounts with InstaForex, Fxview and ICM. Prefer USDCAD as a major currency pair for its comparatively low volatility.

I don't understand why everyone is going after high leverage.

I am using 1:100 in real account. However, I am trying to learn managing high leverage in demo account.

@SofieAndreasen i am just not sure whether the leverage differs for a demo or live account?

I use 1:50 leverage. This leverage is my favorite.