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.
Lycineandrew
Uczestnik z Jun 30, 2020
37 postów
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.
LyudmilLukanov
Uczestnik z Jul 23, 2020
802 postów
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.
LeviSievwright5
Uczestnik z Jul 20, 2020
298 postów
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.
jamesmaxwell52
Uczestnik z Nov 12, 2020
42 postów
Feb 23 2021 at 12:04
LeviSievwright5 posted:How low would that be?
If you want to trade, you must control the risk. And the best way to control this risk is to select low leverage.
christielowe
Uczestnik z Jun 16, 2020
35 postów
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.
Mikehussey
Uczestnik z Sep 30, 2020
58 postów
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.
first_time
Uczestnik z Jun 22, 2020
73 postów
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.
Pointingmark
Uczestnik z Sep 30, 2020
28 postów
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.
jamesmaxwell52
Uczestnik z Nov 12, 2020
42 postów
Feb 25 2021 at 08:14
Pointingmark posted:Thought so! I read it somewhere so thought of asking and clearing my doubts because there are a lot of ECN brokers that I have come across that were offering high leverage. I was so confused.
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.
blandpatsyy
Uczestnik z Jul 17, 2020
42 postów
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.
gookerjohnson
Uczestnik z Dec 23, 2020
18 postów
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.
Rassellkarl
Uczestnik z Oct 09, 2020
36 postów
Feb 27 2021 at 10:41
Mathewshayden posted:Simply to increase the scope of profit and who wouldn’t do that? Imagine having $100 and then the prospect of investing $100,000 because of leverage. Your chances or profitability will also rise up.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.
Lycineandrew
Uczestnik z Jun 30, 2020
37 postów
Mar 01 2021 at 09:55
One line for high leverage- big profits can end up being smaller, and small losses can turn out to be bigger. How many of us actually have the understanding of stopping when the prices are moving away from the predictions?
Garrywilson
Uczestnik z Oct 15, 2020
37 postów
Mar 01 2021 at 11:51
Lycineandrew posted:I used high leverage presuming to make more profit. Did well for a while but ended up getting a margin call. Thinking shouldn’t have taken high leverage in the first place.
One line for high leverage- big profits can end up being smaller, and small losses can turn out to be bigger. How many of us actually have the understanding of stopping when the prices are moving away from the predictions?
jamesmaxwell52
Uczestnik z Nov 12, 2020
42 postów
Mar 01 2021 at 12:06
Lycineandrew posted:That’s why there’s stop loss right?!
One line for high leverage- big profits can end up being smaller, and small losses can turn out to be bigger. How many of us actually have the understanding of stopping when the prices are moving away from the predictions?
DanielGlaus
Uczestnik z Feb 23, 2021
26 postów
Mar 01 2021 at 19:14
It's not possible to make consistent profit by following signals, no matter what technology or website they use. At the end you are going to lose your money. It's just waste of time and money.
Garrychris554
Uczestnik z Nov 05, 2020
27 postów
Mar 02 2021 at 04:12
Well, lesson learnt but what you need to know is that there are many accredited brokers like fxview, instaforex, forex.com who offer leverage starting from 1:50 to 1:1000. Choose wisely.
Halexpark899
Uczestnik z Nov 07, 2020
25 postów
Mar 02 2021 at 06:25
blandpatsyy posted:I don’t think so. 1:100 leverage is quite common and not high when trading forex.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.