Forex Trading Profile of Johnathankim | Myfxbook

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Johnathankim trader's profile

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3

Registered

Jun 23, 2020 at 03:56

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Recent Posts

in High leverage = High risk? Mar 24, 2021 at 10:13

@voicebissa So you’re saying that if I have a $1,000 account balance and set the stop loss at 10 pips, I can use 10:1 leverage with the 0.10 lots position size?

in My concern on lot commissions Mar 08, 2021 at 11:07

That is right and newbies kind of get lost about where and how to begin. Pretty helpful tip!

in High leverage = High risk? Mar 06, 2021 at 09:44

Yeah. Leverage can be quite helpful at times. Better to use it wisely.

in High leverage = High risk? Mar 05, 2021 at 09:27

Honestly, I don’t see any harm in using some leverage. You can always keep it low and work your way around it. Risking less is better if you are learning step by step.

in My concern on lot commissions Mar 02, 2021 at 12:45

@Mike Absolutely why not, even if I am able to save a penny more on one platform comparatively, I am a much happier trader

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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. Past performance is not indicative of future results.