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What leverage do you all use?

Gracewilson1995
Oct 13 2020 at 12:26
147 príspevkov
Currently I am using 1:30, being a new trader I prefer keeping the leverage low due to high risk assigned with it.

FXPips11
Oct 13 2020 at 12:42
5 príspevkov
500:1 then take current account balance, divided by 20, so a $500 account would be using .25 per trade.

vontogr (togr)
Oct 13 2020 at 13:09
4862 príspevkov
FXPips11 posted:
500:1 then take current account balance, divided by 20, so a $500 account would be using .25 per trade.

It does not work that way.

1. There is an account leverage let say 1:500
2. Which determines how much margin is needed for trade. For your example that would be
0.25 lot is 25 000 units
So for example 25 000 usd. With leverage 1:500 you need 25 000 / 500 = $500 for margin. For 0.25 EURUSD it would be 500 EUR.

3. Your example is description of rule for volume. So you would trade 0.25 on $500 account. That is silly.
You should have a rule for risk which consist of trade volume, SL and TP. So lets say for $500 account you should open 0.01 lot trades with SL and TP equal to 10.0 pips. So as result you get either $1 profit or loss.

FXPips11
Oct 15 2020 at 14:18
5 príspevkov
togr posted:
FXPips11 posted:
500:1 then take current account balance, divided by 20, so a $500 account would be using .25 per trade.

It does not work that way.

1. There is an account leverage let say 1:500
2. Which determines how much margin is needed for trade. For your example that would be
0.25 lot is 25 000 units
So for example 25 000 usd. With leverage 1:500 you need 25 000 / 500 = $500 for margin. For 0.25 EURUSD it would be 500 EUR.

3. Your example is description of rule for volume. So you would trade 0.25 on $500 account. That is silly.
You should have a rule for risk which consist of trade volume, SL and TP. So lets say for $500 account you should open 0.01 lot trades with SL and TP equal to 10.0 pips. So as result you get either $1 profit or loss.


my 350% gain in 15 trading days would beg to differ. 158 wins, 15 loses.

LeviSievwright5
Oct 15 2020 at 23:33
298 príspevkov
The lower the leverage in trading, the better. I suggest using 1:500 leverage.

Amber_0302
Oct 16 2020 at 04:20
54 príspevkov
currently i'm using 30x leverage because the higher leverage can be a risk.

JamDay
Oct 16 2020 at 07:34
10 príspevkov
1:100 Maximum often lower at 1:10. No point using massive leverage . Too much risk

vontogr (togr)
Oct 16 2020 at 07:53
4862 príspevkov
FXPips11 posted:
togr posted:
FXPips11 posted:
500:1 then take current account balance, divided by 20, so a $500 account would be using .25 per trade.

It does not work that way.

1. There is an account leverage let say 1:500
2. Which determines how much margin is needed for trade. For your example that would be
0.25 lot is 25 000 units
So for example 25 000 usd. With leverage 1:500 you need 25 000 / 500 = $500 for margin. For 0.25 EURUSD it would be 500 EUR.

3. Your example is description of rule for volume. So you would trade 0.25 on $500 account. That is silly.
You should have a rule for risk which consist of trade volume, SL and TP. So lets say for $500 account you should open 0.01 lot trades with SL and TP equal to 10.0 pips. So as result you get either $1 profit or loss.


my 350% gain in 15 trading days would beg to differ. 158 wins, 15 loses.

Really
This user doesn't share any systems currently.

Anyway I dont judge your trading results
but the very basic understanding of meaning of leverage, margin, trade size, etc...

vontogr (togr)
Oct 16 2020 at 07:54
4862 príspevkov
LeviSievwright5 posted:
The lower the leverage in trading, the better. I suggest using 1:500 leverage.

Oh man
low leverage is 1:5 not 1:500
So do you approve low leverage or high?

Freddy123
Oct 16 2020 at 08:32
15 príspevkov
It really depends what you want to do?

If you are a swing trader you don't need an account with a high leverage but if you are a scalper and make tiny but large trades, higher leverage will help you.

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