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Leverage
Iepriekšējās 1 2 Nākamais
nicoff2018

Biedrs kopš Feb 24, 2015  1 ieraksti nicoff2018 Feb 24 2015 at 21:09
Hello, I'm new here. I would like to know what leverage should I use when I open my MT4 account ?

Also how to know the leverage of an autotrade provider in myfxbook ?

8fold

Biedrs kopš Jul 07, 2014  7 ieraksti 8fold Feb 25 2015 at 07:32
Short answer: To open an account use the largest leverage the broker offers. To find out what leverage an autotrade providers uses, or any other system posted on myfxbook, look at the General tab in the info section of the Stats (left side of the window).

Longer answer: Learn what leverage is, what it really means (hint: it's just a credit line your broker offers - the bigger the leverage, the more credit you are able to use), and what are its benefits and dangers. You can start here: https://www.investopedia.com/terms/l/leverage.asp

Do. Or do not. There is no try.
GodTrade

Biedrs kopš Feb 16, 2015  8 ieraksti Ben (GodTrade) Feb 25 2015 at 07:42
Hello,
 As a beginner I advise you to trade with minimal leverage, thus you will reduce your risks. About autotrade will not tell, as I has not yet figured out.
Happy trading!!!

togr

Biedrs kopš Feb 22, 2011  3865 ieraksti vontogr (togr) Feb 25 2015 at 12:19
8fold posted:
Short answer: To open an account use the largest leverage the broker offers. To find out what leverage an autotrade providers uses, or any other system posted on myfxbook, look at the General tab in the info section of the Stats (left side of the window).

Longer answer: Learn what leverage is, what it really means (hint: it's just a credit line your broker offers - the bigger the leverage, the more credit you are able to use), and what are its benefits and dangers. You can start here: https://www.investopedia.com/terms/l/leverage.asp

@8fold
Well said. Users here often confuse leverage with risk management. As you wrote these are 2 different things.

I like what I trade, I trade what I like
vladrac

Biedrs kopš Jul 31, 2012  210 ieraksti Vlad (vladrac) Feb 25 2015 at 16:42
Leverage in general should be used by beginners only if you intend to trade with less money in your account that you actually have for trading.

Say if you are in a broker that covers any losses beyond margins, and lets say for example that you have 5000 to trade, you could add 1000 to your account and use leverage to trade as if you would have 5K, but not put all that money into the account.

Anyway, going over 5:1 leverage is very hard in long term to keep profit.

Cheers,
Vlad

vladrac@
KyleBroflovsky

Biedrs kopš Feb 04, 2015  12 ieraksti Kyle (KyleBroflovsky) Feb 26 2015 at 07:38
the biggest, I use 500:1

Read, Learn, Earn
vladrac

Biedrs kopš Jul 31, 2012  210 ieraksti Vlad (vladrac) Feb 26 2015 at 16:31
KyleBroflovsky posted:
the biggest, I use 500:1


Have you ever use anything bigger than 100:1? What was the result?

Ex: 100 USD in the account , 100:1 = 0.1 lots = 1 USD/pip -> 100 pips = 100% of your account! 100 pips is the average daily move of most of the pairs.

You really have to know what you are doing to enter a trade with a high level such as 100:1, anything beyond this is just plain crazy!

My broker offers 1000:1... so for my 100 USD I can trade (ignoring margins and spread/commissions) 1 lot... with 10pips I have reached 100% of my account!!! pure insanity!!!

vladrac@
VlasovTrend

Biedrs kopš Dec 10, 2014  107 ieraksti Alexey (VlasovTrend) Mar 14 2015 at 08:11
I am using 500:1 now too - the most comfortable leverage for me.

Let's make a profit)))
myfxpt

Biedrs kopš Aug 06, 2011  345 ieraksti Gary Sharp myfxpt com (myfxpt) Mar 14 2015 at 08:15
8fold posted:
Short answer: To open an account use the largest leverage the broker offers. To find out what leverage an autotrade providers uses, or any other system posted on myfxbook, look at the General tab in the info section of the Stats (left side of the window).

Longer answer: Learn what leverage is, what it really means (hint: it's just a credit line your broker offers - the bigger the leverage, the more credit you are able to use), and what are its benefits and dangers. You can start here: https://www.investopedia.com/terms/l/leverage.asp


Nicely put!

learn to trade | receive trade alerts |
Lordgert

Biedrs kopš Jan 22, 2013  6 ieraksti Lordgert Mar 17 2015 at 08:41
The whole point of trading in Forex is to take advantage of the leverage offered - why would you not? As long as your potential losses on any one trade are what you can handle - many people suggest 1 or 2% but I think 5% is reasonable as your trading account should not contain all the money you have for trading. Personally I think 1-100 or 1-200 is reasonable.
Trading 0.1 lots on a 100$ account is just stupid - it's like putting all your money on your first hand in poker - you would have a very short game...

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HIGH RISK WARNING: Foreign exchange trading carries a high level of risk that may not be suitable for all investors. Leverage creates additional risk and loss exposure. Before you decide to trade foreign exchange, carefully consider your investment objectives, experience level, and risk tolerance. You could lose some or all of your initial investment; do not invest money that you cannot afford to lose. Educate yourself on the risks associated with foreign exchange trading, and seek advice from an independent financial or tax advisor if you have any questions. Any data and information is provided 'as is' solely for informational purposes, and is not intended for trading purposes or advice.