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Kayzie
Nov 15 2020 at 07:06
1 сообщений
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!

LeviSievwright5
Nov 16 2020 at 01:00
214 сообщений
You can use 1:50 leverage. This leverage will provide security to your account.

Roberto21
Nov 16 2020 at 07:29
341 сообщений
Before using leverage it is more important to ensure how to manage risk , because leverage contains huge risk for all time. they should trade in low leverage in micro account for avoiding loss, otherwise they can fall a great trouble when market moves at random.

Josuvaphilip
Nov 20 2020 at 11:26
22 сообщений
Having a solid risk management tool is a must. Before you use leverage you must define your stop loss levels. Know when to enter and exit a trade and always stick to it. Your trade size should depend more on your volume of trade. I always trade micro lots, be it on etoro, cityindex or fxview (my 3 brokers) because at this time in my life I can’t afford to risk a lot. That it's a part time thing for me, adding more money to my main income, don't want trading to become a burden instead of asset and start eating up my money rather than give.

Adribaasmet
Nov 23 2020 at 11:45
883 сообщений
if you think only learning can safe you when trading
, its completly wrong , you have to ensure regular practice session besdies this .

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