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Leverage question.
Členom od Nov 15, 2020
1 príspevkov
Nov 15, 2020 at 07:06
(upravené Nov 15, 2020 at 07:08)
Členom od Nov 15, 2020
1 príspevkov
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!
Členom od Jul 20, 2020
298 príspevkov
Nov 16, 2020 at 01:00
Členom od Jul 20, 2020
298 príspevkov
You can use 1:50 leverage. This leverage will provide security to your account.
Členom od Aug 27, 2017
994 príspevkov
Nov 23, 2020 at 11:45
Členom od Aug 27, 2017
994 príspevkov
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 .
Členom od Mar 17, 2021
536 príspevkov
Apr 30, 2021 at 18:47
Členom od Mar 17, 2021
536 príspevkov
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 .
Členom od Aug 27, 2017
994 príspevkov
May 02, 2021 at 10:30
Členom od Aug 27, 2017
994 príspevkov
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.
Členom od Jul 19, 2020
788 príspevkov
May 02, 2021 at 17:00
Členom od Jul 19, 2020
788 príspevkov
Leverage usually depends on the investment. If my investment is good, I can use 1: 100 leverage.
Členom od Mar 16, 2021
477 príspevkov
May 03, 2021 at 00:59
Členom od Mar 16, 2021
477 príspevkov
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.
Členom od Jul 23, 2020
869 príspevkov
Sep 07, 2021 at 14:02
Členom od Jul 23, 2020
869 príspevkov
Try it in the demo first to see what leverage is to use.
Členom od Jul 23, 2020
759 príspevkov
Sep 08, 2021 at 09:36
Členom od Jul 23, 2020
759 príspevkov
New traders should stick with low leverage to minimize the risk.
Členom od Apr 06, 2021
10 príspevkov
Nov 12, 2021 at 12:56
Členom od Apr 06, 2021
10 príspevkov
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.
Členom od Jun 28, 2023
17 príspevkov
Sep 07, 2023 at 04:42
Členom od Jun 28, 2023
17 príspevkov
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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