AmDiab
Участник с Apr 18, 2017
718 комментариев
Nov 11 2018 at 08:18
millerwe posted:RichPort posted:totally agreed. people need to understand how money management works and operates that's the main issue. leverage can result into huge profits if money and risk management are done right.
That is a lot of the problem here. People assume high leverage is high risk and low leverage is lower risk but it is all about how you set up a trade and manage your account. I dumb trader can wipe out an account on low leverage just as easy as high leverage
I agree with you mate! Traders need to consider the money management issue so sincerely! Unless having a good plan, high leverage would be costly for sure.
jamesgwyther
Участник с Aug 05, 2017
289 комментариев
Nov 12 2018 at 09:14
AmDiab posted:millerwe posted:RichPort posted:totally agreed. people need to understand how money management works and operates that's the main issue. leverage can result into huge profits if money and risk management are done right.
That is a lot of the problem here. People assume high leverage is high risk and low leverage is lower risk but it is all about how you set up a trade and manage your account. I dumb trader can wipe out an account on low leverage just as easy as high leverage
I agree with you mate! Traders need to consider the money management issue so sincerely! Unless having a good plan, high leverage would be costly for sure.
Money Management is probably more important even than your trading strategy.
pipsKeeper
Участник с Nov 08, 2018
19 комментариев
Nov 13 2018 at 11:55
TeraPips posted:You are right. I did not take into account the fact that a beginner often does not have good money management. The leverage 1:100 should be used with balanced strategy.pipsKeeper posted:
All that was posted before here is really true. I have some question. Why it's more often when brokers suggest beginners to start with a big leverage? The issue is beginner will lose more with the leverage of 1:1000. I suppose that it's better to start with small (1:100 for example).
Agree with 1:100 but make sure you have basic knowledge of using it through demo and be aware of your psychology issues which should not interfere trading. You won't want to blow account quickly (with overtrading or revenge trading which is common).
Jingyi
Участник с Nov 15, 2018
8 комментариев
Nov 15 2018 at 11:19
A beginner will lose it all on 1:1000 or 1:10. I think there should be enforced use of demo account for 1 month before open live account and a video course on risk management that all traders must watch before account is opened. That would help people a lot more
vontogr
(togr)
Участник с Feb 22, 2011
4862 комментариев
Nov 15 2018 at 14:36
Jingyi posted:
A beginner will lose it all on 1:1000 or 1:10. I think there should be enforced use of demo account for 1 month before open live account and a video course on risk management that all traders must watch before account is opened. That would help people a lot more
Even after ESMA which limits leverage drastically there is no decrease of losing traders.
Tiffany
(TiffanyK)
Участник с Feb 12, 2016
427 комментариев
Nov 16 2018 at 08:37
togr posted:Indeed. The only difference is that they have to deposit bigger amounts of money in order to lose.
Even after ESMA which limits leverage drastically there is no decrease of losing traders.
Accept the loss as experience
Imamul
Участник с Aug 09, 2017
707 комментариев
Nov 18 2018 at 12:50
For avoiding risk I always use 1:100 leverage in spite of having up to leverage 1:2000 , actually leverage is an important financial tool which always contains risk , so it is better if we avoid using high leverage in real account.
Adribaasmet
Участник с Aug 27, 2017
994 комментариев
Nov 19 2018 at 11:11
Imamul posted:
For avoiding risk I always use 1:100 leverage in spite of having up to leverage 1:2000 , actually leverage is an important financial tool which always contains risk , so it is better if we avoid using high leverage in real account.
Same to me! I think, most of the retail traders who are aware of money management issue they are playing with 1:100 trading leverage.
Mohammadi
Участник с Aug 11, 2017
886 комментариев
Nov 24 2018 at 10:21
Trading with high leverage in demo account is right decision , because leverage contains always higher risk in live account , it could be dangerous at any time despite of most accurate trading plan .
Adribaasmet
Участник с Aug 27, 2017
994 комментариев
Nov 25 2018 at 08:14
Mohammadi posted:
Trading with high leverage in demo account is right decision , because leverage contains always higher risk in live account , it could be dangerous at any time despite of most accurate trading plan .
I don’t think it’s a good idea. Because, we need to treat in the demo as like our live. Same strategy, same plan even same mental preparations.
jayjoh
Участник с Nov 26, 2018
10 комментариев
Nov 26 2018 at 08:50
Adribaasmet posted:i agree. demo is available to us for learning, why would we need demo if not for learning how to pull off our strategies and how not loose money.Mohammadi posted:
Trading with high leverage in demo account is right decision , because leverage contains always higher risk in live account , it could be dangerous at any time despite of most accurate trading plan .
I don’t think it’s a good idea. Because, we need to treat in the demo as like our live. Same strategy, same plan even same mental preparations.
AniLorak
Участник с Apr 18, 2017
920 комментариев
Nov 27 2018 at 08:10
Basically, seriousness is very important! If we are not careful during demo trading, then there is no value.
maria_taylor
Участник с Mar 12, 2018
40 комментариев
Dec 03 2018 at 12:51
AniLorak posted:You are absolutely right mate, demo is useless for you until you don't take it seriously.
Basically, seriousness is very important! If we are not careful during demo trading, then there is no value.
SaltaLargo
Участник с Dec 10, 2018
11 комментариев
Dec 10 2018 at 13:27
When on demo it is important to use same leverage account because if demo is 1:500 and real is 1:20 there will be big difference in number of trades opened
nick3232
Участник с Jan 03, 2018
162 комментариев
Dec 10 2018 at 15:05
you must use the same mindset than real money trading
vontogr
(togr)
Участник с Feb 22, 2011
4862 комментариев
Dec 10 2018 at 15:09
SaltaLargo posted:
When on demo it is important to use same leverage account because if demo is 1:500 and real is 1:20 there will be big difference in number of trades opened
Rather in size of the trades
Leverage does not affect opening trade but its size
thinkpad954
Участник с Dec 28, 2018
9 комментариев
Dec 31 2018 at 13:35
Why Leverage is Incorrectly Considered Risky. Leverage is commonly believed to be high risk because it supposedly magnifies the potential profit or loss that a trade can make (e.g. a trade that can be entered using $1,000 of trading capital, but has the potential to lose $10,000 of trading capital)
AniLorak
Участник с Apr 18, 2017
920 комментариев
Dec 31 2018 at 15:24
SaltaLargo posted:
When on demo it is important to use same leverage account because if demo is 1:500 and real is 1:20 there will be big difference in number of trades opened
I think, traders should use the demo as sincerely as like their real account! In addition, same trading features including the leverage number.
Adribaasmet
Участник с Aug 27, 2017
994 комментариев
Apr 28 2019 at 10:59
AniLorak posted:SaltaLargo posted:
When on demo it is important to use same leverage account because if demo is 1:500 and real is 1:20 there will be big difference in number of trades opened
I think, traders should use the demo as sincerely as like their real account! In addition, same trading features including the leverage number.
Yes, that’s the good practice! I see, which traders are enjoying today’s live trading, they were very serious in their demo, that’s the main trick.