unsightlydray
Medlem sedan Oct 29, 2020
53 inlägg
Jan 24 2021 at 09:34
As someone with just a few dollars extra to give trading a shot, would it be possible at all to gain anything without the use of leverage? And is it even wise to use up all of your own cash?
Disclaimer: I am not just another trader who is dreaming of a yacht life, I just want to be able to get by with the basics of life through trading profits.
Suggestions appreciated.
Disclaimer: I am not just another trader who is dreaming of a yacht life, I just want to be able to get by with the basics of life through trading profits.
Suggestions appreciated.
The use of leverage that brokers offer in principle makes sense, you should be a little prepared and learn all the nuances of how it works.
unsightlydray posted:
As someone with just a few dollars extra to give trading a shot, would it be possible at all to gain anything without the use of leverage? And is it even wise to use up all of your own cash?
Technically leverage helps you to gain more but the problem with them is that you can also lose completely
unsightlydray
Medlem sedan Oct 29, 2020
53 inlägg
Jan 27 2021 at 06:16
Beagelv posted:
The use of leverage that brokers offer in principle makes sense, you should be a little prepared and learn all the nuances of how it works.
All up for learning mate!
unsightlydray
Medlem sedan Oct 29, 2020
53 inlägg
Jan 27 2021 at 06:17
ddarko3 posted:unsightlydray posted:
As someone with just a few dollars extra to give trading a shot, would it be possible at all to gain anything without the use of leverage? And is it even wise to use up all of your own cash?
Technically leverage helps you to gain more but the problem with them is that you can also lose completely
I hear about it being a double-edged sword and all, but without it, I doubt I will be able to gather anything.
forextrader777
Medlem sedan Jan 16, 2021
128 inlägg
Jan 27 2021 at 10:59
Leverage does help in multiplying your profits but don't forget that losses will also be in multiples which is why it needs proper understanding of how it works. So, it’s better to learn about it’s concept first.
BarronLucas
Medlem sedan Jul 08, 2020
31 inlägg
Jan 27 2021 at 15:53
Higher leverage is risky even if the profit is big, but trading is not easy predict using higher leverage and failing can bring in a big hit and make traders stop trading.
unsightlydray
Medlem sedan Oct 29, 2020
53 inlägg
Jan 28 2021 at 07:17
forextrader777 posted:
Leverage does help in multiplying your profits but don't forget that losses will also be in multiples which is why it needs proper understanding of how it works. So, it’s better to learn about it’s concept first.
I have no intentions of jumping the gun, but when I do go live, I wanna know if one should start with all of their own capital or use little bit of leverage
blandpatsyy
Medlem sedan Jul 17, 2020
42 inlägg
Jan 28 2021 at 10:53
Leverage sure is a double-edged sword, but without leverage trading would not bring in any scalable results. That is unless you have heaps of money to invest. How much would a movement of a few pips give on 3 or 4k. That also might be considered a big amount for a lot of current investors in the market. Considering most are part-timers, and some even college lads.
Had it not been for leverage, I would have stopped after meagre earnings. Still trading solely because of high leverage.
Had it not been for leverage, I would have stopped after meagre earnings. Still trading solely because of high leverage.
dutchy1986
Medlem sedan Jan 13, 2021
34 inlägg
Jan 28 2021 at 19:12
On small accounts you need it to be fair to have a chance at trading
Garrywilson
Medlem sedan Oct 15, 2020
37 inlägg
Jan 29 2021 at 09:20
I find it too risky to use leverage. Can’t imagine owing money to the broker and defeat the whole purpose of being in the market.
blandpatsyy
Medlem sedan Jul 17, 2020
42 inlägg
Jan 29 2021 at 12:06
Garrywilson posted:
I find it too risky to use leverage. Can’t imagine owing money to the broker and defeat the whole purpose of being in the market.
If you use a broker that offers negative balance protection, there’s no way that you’ll be risking owing anything to the broker. Then there’s stop loss as well to the rescue. If I’m not wrong all brokers offer these features, and if yours don’t, simply transfer your funds to a better broker.
In order for it not to be so costly, you need to correctly, correctly calculate and prescribe in your trading plan.
Vanza Dorbey
(vanzadorbey)
Medlem sedan Jan 17, 2021
31 inlägg
Jan 29 2021 at 18:54
Faujinn posted:
In order for it not to be so costly, you need to correctly, correctly calculate and prescribe in your trading plan.
which broker should i choose for the your suggested plan Faujinn
LeviSievwright5
Medlem sedan Jul 20, 2020
298 inlägg
Jan 31 2021 at 01:53
The higher the leverage, the higher the risk. So it is very important to be careful about leverage.
unsightlydray
Medlem sedan Oct 29, 2020
53 inlägg
Feb 01 2021 at 06:22
dutchy1986 posted:
On small accounts you need it to be fair to have a chance at trading
That’s what I think, can’t put in all my savings for trying my hand at trading, leverage is important.
unsightlydray
Medlem sedan Oct 29, 2020
53 inlägg
Feb 01 2021 at 06:24
Faujinn posted:
In order for it not to be so costly, you need to correctly, correctly calculate and prescribe in your trading plan.
Ya and that’s why my plan as of now is based on risk management, every decision revolves around it, including leverage.
unsightlydray
Medlem sedan Oct 29, 2020
53 inlägg
Feb 01 2021 at 06:25
LeviSievwright5 posted:
The higher the leverage, the higher the risk. So it is very important to be careful about leverage.
Certainly! I am devoting maximum time on my risk management part of the trading plan. Not planning on risking more than 1%, and going to maintain a ratio of 1:3 for using leverage. Hopefully I’m on the right track.
Tradelist45
Medlem sedan Jun 26, 2020
220 inlägg
Feb 01 2021 at 09:44
right now i am using high leverage most of the time in demo ,
it supports me to avoid unfortunate risk and losses when trading in a real account.
it supports me to avoid unfortunate risk and losses when trading in a real account.