Feb 15 2021 at 10:34
Everyone should use fixed stops, even if it is a safety stop loss wider than normal. All it takes is some political event to shake the markets just after you entered to cause massive price spike. Without a safety SL you could make massive losses
Feb 16 2021 at 04:35
High leverage involves a high risk but what about managing it? How much should a person risk per trade on an average? A fair idea would be enough, thank you.
It seems to me that the risk does not depend on the size of the leverage, on our ability and willingness to take risks.
Feb 16 2021 at 10:04
@Eric ideally, you shouldn’t risk more than 1 or 2% of your trade. It also depends upon the trading style of a person and how much they’re willing to risk. For example, I trade with IB and Fxview and my risk management is such that I don’t go beyond risking 2% of it. This helps me maintain a balance and minimises potential losses too.
Feb 17 2021 at 04:39
salamibrish posted:Appreciate your response
@Eric ideally, you shouldn’t risk more than 1 or 2% of your trade. It also depends upon the trading style of a person and how much they’re willing to risk. For example, I trade with IB and Fxview and my risk management is such that I don’t go beyond risking 2% of it. This helps me maintain a balance and minimises potential losses too.
Feb 17 2021 at 07:40
Forexstress posted:Do you keep your stop loss uniform across all trades?
Everyone should use fixed stops, even if it is a safety stop loss wider than normal. All it takes is some political event to shake the markets just after you entered to cause massive price spike. Without a safety SL you could make massive losses
Feb 17 2021 at 07:40
Meloisel posted:Ya I suppose on how much money one has spare that they can afford to risk.
It seems to me that the risk does not depend on the size of the leverage, on our ability and willingness to take risks.
Feb 17 2021 at 09:31
salamibrish posted:I agree with this. Not risking much can be an advantage.
@Eric ideally, you shouldn’t risk more than 1 or 2% of your trade. It also depends upon the trading style of a person and how much they’re willing to risk. For example, I trade with IB and Fxview and my risk management is such that I don’t go beyond risking 2% of it. This helps me maintain a balance and minimises potential losses too.
Garey! It's okay to not take unnecessary risks but still I would say take calculated risks. This would be much beneficial for you.
Feb 18 2021 at 04:16
josejames posted:Yup there is an incredible difference between rash decisions and calculated risks. I started with micro lots in trading through Fxview, with only 100 dollars through the use of leverages I was able to trade many positions. Then I moved to standard lots through XTB which was further beneficial for me.
Garey! It's okay to not take unnecessary risks but still I would say take calculated risks. This would be much beneficial for you.
It is a great advice Russel, that in the beginning try to trade micro lots, and use innovative strategies for the same.
Leverages for me are still like a double edge sword so I do not use that much.
Feb 18 2021 at 13:15
Marksteve posted:I agree that using leverage is way too risky but with less capital it's are worth the risk.
Leverages for me are still like a double edge sword so I do not use that much.
Yes
High leverage = High risk = High chance of wiping out your account/funds
High leverage = High risk = High chance of wiping out your account/funds
Feb 22 2021 at 11:20
Only if you dont know how to use it. If you get to a good stage of trading then sometimes you can use it to your advantage
Feb 23 2021 at 04:54
High leverage doesn’t always mean risk. It is all about knowing what you are doing. If you can manage using high leverage there is no harm in using it.
For me, 1:100 is a good leverage to use. There is no point in risking a big amount that if lost, can pose a heavy burden on your finances. Give it a thought before you take the risk of using high leverage.
Feb 23 2021 at 10:43
I find leverage as a good way of enhancing your profits. But we cannot overlook the fact that it also amplifies your losses. Use leverage only when you are sure about a market move. If it is about testing leverage, you can go up to 1:10 because beyond that would be quite a high risk.
Feb 23 2021 at 10:55
A higher leverage is way too risky, specially for a newbie who can end up getting himself trapped in a bad debt.
Feb 23 2021 at 15:19
78678676 posted:Thats is very correct.
A higher leverage is way too risky, specially for a newbie who can end up getting himself trapped in a bad debt.
