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Leverage question.
Nov 15, 2020 at 07:06
(edytowane Nov 15, 2020 at 07:08)
Uczestnik z Nov 15, 2020
1 postów
Hi guys,
I'm new to trading. Currently trading on ECN broker. Since ECN broker charge per lot comission.
1) It makes sense if I trade on high leverage right? Since higher leverage means lower lot size = lower comission. Note that I only risk 1% per trade, so high or low leverage only affects my lot size, not my per trade $ size.
2) I'm using position size calculator in myfxbook but is there a way to not re-enter 500 contract size each time I turn it on?
Thx!
I'm new to trading. Currently trading on ECN broker. Since ECN broker charge per lot comission.
1) It makes sense if I trade on high leverage right? Since higher leverage means lower lot size = lower comission. Note that I only risk 1% per trade, so high or low leverage only affects my lot size, not my per trade $ size.
2) I'm using position size calculator in myfxbook but is there a way to not re-enter 500 contract size each time I turn it on?
Thx!
Uczestnik z Jul 20, 2020
298 postów
Nov 16, 2020 at 01:00
Uczestnik z Jul 20, 2020
298 postów
You can use 1:50 leverage. This leverage will provide security to your account.
Uczestnik z Aug 27, 2017
994 postów
Nov 23, 2020 at 11:45
Uczestnik z Aug 27, 2017
994 postów
if you think only learning can safe you when trading
, its completly wrong , you have to ensure regular practice session besdies this .
, its completly wrong , you have to ensure regular practice session besdies this .
Uczestnik z Mar 17, 2021
536 postów
Apr 30, 2021 at 18:47
Uczestnik z Mar 17, 2021
536 postów
Adribaasmet posted:Yes. Practice makes a man perfect. To become a good trader, You have to practice more and more.
if you think only learning can safe you when trading
, its completly wrong , you have to ensure regular practice session besdies this .
Uczestnik z Aug 27, 2017
994 postów
May 02, 2021 at 10:30
Uczestnik z Aug 27, 2017
994 postów
mostly use hugh leverage right now , 1:3000 trading leverage is for trading or gambling! Yes, which brokers manipulate traders trading result, they mainly inspire traders to trade with high risk reward ratio! By the way, Forex trading is not gambling! So, pro traders are comfortable with standard trading leverage.
Uczestnik z Jul 19, 2020
788 postów
May 02, 2021 at 17:00
Uczestnik z Jul 19, 2020
788 postów
Leverage usually depends on the investment. If my investment is good, I can use 1: 100 leverage.
Uczestnik z Mar 16, 2021
477 postów
May 03, 2021 at 00:59
Uczestnik z Mar 16, 2021
477 postów
AliaDare posted:Yes, I think so too. Leverage should be selected depending on the investment.
Leverage usually depends on the investment. If my investment is good, I can use 1: 100 leverage.
Uczestnik z Jul 23, 2020
869 postów
Sep 07, 2021 at 14:02
Uczestnik z Jul 23, 2020
869 postów
Try it in the demo first to see what leverage is to use.
Uczestnik z Jul 23, 2020
759 postów
Sep 08, 2021 at 09:36
Uczestnik z Jul 23, 2020
759 postów
New traders should stick with low leverage to minimize the risk.
Nov 12, 2021 at 12:56
Uczestnik z Apr 06, 2021
10 postów
I guess that you don't need to trade with high leverage, because it can easily devastate your account. Novices would better start their acquintance with ordinary trading activity without leverages, because when they meet trading activity they must have to meet the market and understand how the price changes. Well, if you are eager to know how to trade with leverages then you can read some theory or wtch some videos from professionals. Even if you decide to trade with leverages, you have to start off the minimum leverage which is provided by your broker.
Uczestnik z Jun 28, 2023
17 postów
Sep 07, 2023 at 04:42
Uczestnik z Jun 28, 2023
17 postów
Yes, higher leverage can lead to smaller lot sizes and lower commissions, but be cautious not to over-leverage and manage risk properly.
Check if your position size calculator has a 'save' or 'preset' feature to store your preferred contract size for convenience.
Check if your position size calculator has a 'save' or 'preset' feature to store your preferred contract size for convenience.
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