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vontogr (togr)
Jun 26 2018 at 10:42
4852 сообщений
hankway10 posted:
High leverage should go with small lots to effectively control your risks. A lot of new traders fantasize about double their funds with high leverage, but end up throwing their money into the ocean..


High leverage allow high lots
Low leverage allow low lots
Risk is controlled by other tools than leverage


maria_taylor
Jun 26 2018 at 11:41
40 сообщений
togr posted:
hankway10 posted:
High leverage should go with small lots to effectively control your risks. A lot of new traders fantasize about double their funds with high leverage, but end up throwing their money into the ocean..


High leverage allow high lots
Low leverage allow low lots
Risk is controlled by other tools than leverage


Perfect!

RedPips
Jun 26 2018 at 12:30
14 сообщений
Stop loss is and Lot size is the main way that I manage risk. Just because can you a high Lot size does not mean that you have to use one

YellowStoneFX
Jun 27 2018 at 06:04
10 сообщений
My broker only allows 1:50 at most. Is that normal? I thought you could get 1:500

Han (hankway10)
Jul 01 2018 at 05:47
3 сообщений
YellowStoneFX posted:
My broker only allows 1:50 at most. Is that normal? I thought you could get 1:500


It depends on the monitoring authority. Which broker you're using?

Han (hankway10)
Jul 01 2018 at 05:48
3 сообщений
togr posted:
hankway10 posted:
High leverage should go with small lots to effectively control your risks. A lot of new traders fantasize about double their funds with high leverage, but end up throwing their money into the ocean..


High leverage allow high lots
Low leverage allow low lots
Risk is controlled by other tools than leverage



Yes.
What I'm saying is for those new traders who dream of using small funds with high leverage to flip their profits. I'm just say for beginners it's not a good idea

NoahMartin
Jul 06 2018 at 10:34
17 сообщений
YellowStoneFX posted:
My broker only allows 1:50 at most. Is that normal? I thought you could get 1:500


Before taking a decision to choose broker, it's necessary to choose your suitable leverage first. Only then would you find the right broker that suits your needs.

In average, brokers offers maximum leverage of 500:1.

Professional4X
Jul 07 2018 at 01:00
1189 сообщений
YellowStoneFX posted:
My broker only allows 1:50 at most. Is that normal? I thought you could get 1:500


If you are a trader in the United States, then absolutely.
That's the maximum leverage a retail forex trader has available.


If it looks too good to be true, it's probably a scam! Let the buyer beware.
Baldo (BaldoN)
Jul 09 2018 at 14:51
522 сообщений
YellowStoneFX posted:
My broker only allows 1:50 at most. Is that normal? I thought you could get 1:500


Could you please share with us, which broker you are using, so we can advise you additionally...

goyankees85
Jul 10 2018 at 06:41
118 сообщений
As far as picking a broker, just note and I find it funny that no one has mentioned the following... The broker takes more risk than the client because they offer the leverage. In the case of which a broker goes under, you can kiss you money good bye. Ask the people who lost money even though they werent in CHF pairs when the black swan account happened. No one has shown proof of getting their funds back and FXCM is a REGISTERED COMPANY IN THE US STOCK EXCHANGE NASDAQ. All in all, one needs to find a fool proof system before they even deposit in forex because if you dont, then you will be like tgor and with blown accounts by the dozen. Time will pass and you will have spent so much time and money only to get nothing out of it.

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