Feb 18 2021 at 11:03
Hey Rassell, I don’t go beyond 1:200 with the leverage and overall I don’t like to risk more than 2% of my trades.
Feb 18 2021 at 12:06
Yes there are some compliance that have to be followed by forex brokers. But choosing one of the brokers is a very important task. I would recommend that shortlist some of the brokers and make comparisons between them.
Every trader should also do that. Increasing lot size without proper measurement is kind of suicide in my opinion.
Feb 19 2021 at 04:46
IvarHardy posted:True that..
Every trader should also do that. Increasing lot size without proper measurement is kind of suicide in my opinion.
Feb 19 2021 at 05:59
Markwoods posted:I can second that since I’ve been using XM and Fxview’s ECN too. The spreads are tight and the leverage is also fine. I try to keep the leverage low but then for some particular trades, it is got to be high. I mean if you’re not risking much, you won’t earn more profits, right?
Well, I have been using an ECN broker and I can tell you that I haven’t faced such issues with them so far.
I believe that everyone should have the right approach to trading, which is why I now use ECN with a leverage of 1: 200 and a deposit of $ 200 from Amarkets broker.
Feb 20 2021 at 10:06
Femilas posted:can you inbox me your broker details
I believe that everyone should have the right approach to trading, which is why I now use ECN with a leverage of 1: 200 and a deposit of $ 200 from Amarkets broker.
Feb 20 2021 at 10:40
Lycineandrew posted:Isn’t 2% low? I would risk at least 4% of my total trade to be able to get somewhere with returns.
Hey Rassell, I don’t go beyond 1:200 with the leverage and overall I don’t like to risk more than 2% of my trades.
Feb 20 2021 at 12:59
Lycineandrew posted:Yeah it can be a bit risky. I don’t know why people use such a high leverage, at least I’m not a risk taker.
That is somewhat right. I usually don’t go very high with the leverage since I feel it is kind of risky.
Feb 22 2021 at 09:54
Mathewshayden posted:Probably because of high profits. Doesn’t high risk equals high profit. I never risk high so who knows!Lycineandrew posted:Yeah it can be a bit risky. I don’t know why people use such a high leverage, at least I’m not a risk taker.
That is somewhat right. I usually don’t go very high with the leverage since I feel it is kind of risky.
Ezereombre posted:I completely agree with you on this. I use Fxview too and I’m thinking about opening some demos with Oanda or XM. Let's see how that works out.russellgutierrez posted:Right and even though ECN brokers offer more than 100:1 leverage, the best deal would be to have a broker like Fxview, FXVM, or eToro that offers various leverage ratios like 50:1, 100:1, 200:1, and 400:1. I have traded with them and could change the leverage ratio on their website’s dashboard.
Do you really want to use this much leverage, even though most of the reliable brokers can offer you leverage ranging from 1:2 to 1:1,000 depending on the investment and requirement of the traders. There are different leverage levels that are ideal for traders with diverse knowledge and experience. So, when you talk to your broker, consider your individual needs and strategy. But, if you’re seriously planning this much leverage, do work on your strategy once.
Feb 22 2021 at 13:31
stevenflam posted:Well, some people are risk takers while others are not. Simple as that if you ask me.Lycineandrew posted:Isn’t 2% low? I would risk at least 4% of my total trade to be able to get somewhere with returns.
Hey Rassell, I don’t go beyond 1:200 with the leverage and overall I don’t like to risk more than 2% of my trades.
Feb 22 2021 at 23:06
Lycineandrew posted:I think trading is not the safe way to invest money. Traders always have to take risk to earn money.stevenflam posted:Well, some people are risk takers while others are not. Simple as that if you ask me.Lycineandrew posted:Isn’t 2% low? I would risk at least 4% of my total trade to be able to get somewhere with returns.
Hey Rassell, I don’t go beyond 1:200 with the leverage and overall I don’t like to risk more than 2% of my trades.
Feb 23 2021 at 01:40
If you want to trade, you must control the risk. And the best way to control this risk is to select low leverage.
Feb 24 2021 at 04:17
That’s not true. There are so many ECN brokers that offer leverage more than 1:100. Some ECN brokers that I have already been using include ICM and Fxview and they offer quite high leverage. You need to go for their offshore option if you want to use high leverage.
Feb 24 2021 at 05:58
The ECN brokers that I have used so far have offered me 1:500 leverage on average. So, I don’t think there is any truth in what you are saying.
Feb 24 2021 at 09:29
Mikehussey posted:Can you share what broker is it?
The ECN brokers that I have used so far have offered me 1:500 leverage on average. So, I don’t think there is any truth in what you are saying.
Feb 25 2021 at 05:15
You really need to do some more research on offshore brokers. There is no limit to the leverage that an ECN broker can offer. It is their choice and they set the limit according to their own conditions.
Feb 25 2021 at 11:09
Mikehussey posted:So have I! There are some ECN brokers that offer leverage around 1:1000. However, it is up to the trader what leverage they want to use. I personally think that 1:100 is also quite high.
The ECN brokers that I have used so far have offered me 1:500 leverage on average. So, I don’t think there is any truth in what you are saying.
Feb 26 2021 at 10:13
Just because your broker is offering high leverage doesn’t mean that you have to use it. You must use leverage in accordance with what you can afford to lose.
