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Leverage is useful or not ?

lovefortrading (perryjohn765)
Aug 24 at 13:05
238 ieraksti
leverage plays an important role. one might not have enough funds to place a trade in that case leverage plays a major role using which one can place trade with more than what he actually has

forextrader777
Aug 25 at 11:00
84 ieraksti
Leverage is very useful if you know how to take advantages of it, and Leverage is very bad if you cannot understand how to use it. So, I think it falls down to whoever can practice them well.

Sar John (Sarjohn)
Aug 25 at 11:12
187 ieraksti
Aaronoutfx posted:
With higher leverage you can reduce fees

Exactly this is what leverage is, with less funds it increases the chances of opening a higher position which eventually helps to make good profit.

croisssan
Aug 25 at 13:35
326 ieraksti
Sarjohn posted:
Aaronoutfx posted:
With higher leverage you can reduce fees

Exactly this is what leverage is, with less funds it increases the chances of opening a higher position which eventually helps to make good profit.

The main thing here is to have work experience, otherwise you can only get a loss from all this ...

Anayallador
Aug 25 at 18:41
24 ieraksti
Everything depends on your personal preferences. Some traers claim that leverages are very useful and they help you to generate big sums of money, others state that leverages are very dangerous and it's the easiest way to lose all your funds. I suppose that everything has its own advtantages and disadvantages. Leverages aren't an exception actually. To my mind, leverages are quite helpful for those traders who have solid experience in trading activity and want to try something new, because they can weigh all the risks before open a deal and decide whether this deal worths it or not. So, that's why leverages aren't for rookies.

Sar John (Sarjohn)
Aug 26 at 10:06
187 ieraksti
croisssan posted:
Sarjohn posted:
Aaronoutfx posted:
With higher leverage you can reduce fees

Exactly this is what leverage is, with less funds it increases the chances of opening a higher position which eventually helps to make good profit.

The main thing here is to have work experience, otherwise you can only get a loss from all this ...

yes experience matters a lot, with experience you will get to know how much leverage you have to use because it also varies with trading instruments.

Suradi (FXOday)
Aug 26 at 23:11
142 ieraksti
Leverage is useful, if trading without leverage, hence only rich traders will be able to open trades because trading will, based contract size,
and standard contract size 1 lot is $100.000 USD, it's not for retail traders

RedSky137
Aug 28 at 04:39
1 ieraksti
For using AutoTrade, is it necessary to match the leverage of the system you are copying? E.g. if the system is 1:500 and your max leverage is 1:30, is there any downside?

Akasuki
Aug 28 at 07:21
288 ieraksti
Leverage is very important. Without leverage, small investor won't be able to trade forex. Without leverage, you would need 1000$ to open .01 lot.

Auginn
Aug 28 at 18:56
4 ieraksti
It can be useful but it also can be the source of absolute fail. It depends on your skill. Just like a hammer: you can build something with it or you can break your arm. Depends on you.

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