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Need to know the truth

Ezereombre
Feb 15 2021 at 13:35
27 inlägg
russellgutierrez posted:
Do you really want to use this much leverage, even though most of the reliable brokers can offer you leverage ranging from 1:2 to 1:1,000 depending on the investment and requirement of the traders. There are different leverage levels that are ideal for traders with diverse knowledge and experience. So, when you talk to your broker, consider your individual needs and strategy. But, if you’re seriously planning this much leverage, do work on your strategy once.

Right and even though ECN brokers offer more than 100:1 leverage, the best deal would be to have a broker like Fxview, FXVM, or eToro that offers various leverage ratios like 50:1, 100:1, 200:1, and 400:1. I have traded with them and could change the leverage ratio on their website’s dashboard.

AliaDare
Feb 15 2021 at 16:55
788 inlägg
Trading is very risky. Money management and risk management are essential to control the risk. Discipline and plan together help to make a trading profit.

Gracewilson1995
Feb 15 2021 at 18:23
147 inlägg
jamesmaxwell52 posted:
I have been exploring articles and discussions and found that a real ECN broker can’t provide leverage more than 1:100. Is this even correct?

Regulated brokers generally give low leverage because of the regulations and policies they have

forextrader777
Feb 17 2021 at 11:07
128 inlägg
williamhayes posted:
Marshalsam877 posted:
williamhayes posted:
AmDiab posted:
risk is everywhere in Forex its a very common thing , there is no one who can deny but if you have proper money and risk management then within a very short time you can bring good amount of profit from here.  

Agreed and that’s why 1:3 risk reward ratio is preferred. I also believe trading on leverage is a safe bet. Correct me if I’m wrong.

Let me try explaining it to you in numbers. I agree with @gareylinn509. If you decide to use hgh leverage, say 50:1, and purchase 5 standard lots, each one pip movement will cost you $50. In case the trader goes against the investor by 50 pips, the investor would end up losing $2500 which will be 25% of the total $10,000 trading account.

I believe selecting the right leverage is something that entirely depends on the trader’s experience, his comfort while operating currencies, and risk tolerance level. Beginners should however familiarize themselves with the jargons and build some experience in keeping small positions, using trailing stops, and restricting the capital amount for each position.

Have to agree with this. Choosing the right level of leverage entirely depends upon the trader’s risk taking capability. If a trader is more risk tolerant, he will surely go for high leverage.


Lycineandrew
Feb 17 2021 at 12:32
37 inlägg
That is somewhat right. I usually don’t go very high with the leverage since I feel it is kind of risky.

Rassellkarl
Feb 17 2021 at 13:04
36 inlägg
Lycineandrew posted:
That is somewhat right. I usually don’t go very high with the leverage since I feel it is kind of risky.

Is that so? How much do you risk per trade?

LeviSievwright5
Feb 17 2021 at 15:03
298 inlägg
Leverage helps keep the account secure. It is very difficult to gain trading profit. If you cannot maintain the loss ratio properly, it is impossible to make a profit.

Markwoods
Feb 18 2021 at 04:51
26 inlägg
Well, I have been using an ECN broker and I can tell you that I haven’t faced such issues with them so far.

richardmarcus
Feb 18 2021 at 05:04
104 inlägg
Markwoods posted:
Well, I have been using an ECN broker and I can tell you that I haven’t faced such issues with them so far.

mind inboxing the name of your broker as i need to know so that i can start trading asap

Lycineandrew
Feb 18 2021 at 11:03
37 inlägg
Hey Rassell, I don’t go beyond 1:200 with the leverage and overall I don’t like to risk more than 2% of my trades.

Chelsea Blacks (blackChelsea)
Feb 18 2021 at 12:06
125 inlägg
Yes there are some compliance that have to be followed by forex brokers. But choosing one of the brokers is a very important task. I would recommend that shortlist some of the brokers and make comparisons between them.

jamesmaxwell52
Feb 18 2021 at 13:21
42 inlägg
LeviSievwright5 posted:
Leverage helps keep the account secure. It is very difficult to gain trading profit. If you cannot maintain the loss ratio properly, it is impossible to make a profit.

I think that without using leverage trading is of no use, hardly any profits there.

IvarHardy
Feb 18 2021 at 18:09
42 inlägg
Every trader should also do that. Increasing lot size without proper measurement is kind of suicide in my opinion.

richardmarcus
Feb 19 2021 at 04:46
104 inlägg
IvarHardy posted:
Every trader should also do that. Increasing lot size without proper measurement is kind of suicide in my opinion.

True that..

inspirenez
Feb 19 2021 at 05:59
59 inlägg
Markwoods posted:
Well, I have been using an ECN broker and I can tell you that I haven’t faced such issues with them so far.

I can second that since I’ve been using XM and Fxview’s ECN too. The spreads are tight and the leverage is also fine. I try to keep the leverage low but then for some particular trades, it is got to be high. I mean if you’re not risking much, you won’t earn more profits, right?

Femilas
Feb 19 2021 at 06:39
30 inlägg
I believe that everyone should have the right approach to trading, which is why I now use ECN with a leverage of 1: 200 and a deposit of $ 200 from Amarkets broker.

richardmarcus
Feb 20 2021 at 10:06
104 inlägg
Femilas posted:
I believe that everyone should have the right approach to trading, which is why I now use ECN with a leverage of 1: 200 and a deposit of $ 200 from Amarkets broker.

can you inbox me your broker details

stevenflam
Feb 20 2021 at 10:40
24 inlägg
Lycineandrew posted:
Hey Rassell, I don’t go beyond 1:200 with the leverage and overall I don’t like to risk more than 2% of my trades.

Isn’t 2% low? I would risk at least 4% of my total trade to be able to get somewhere with returns.

Mathewshayden
Feb 20 2021 at 12:59
41 inlägg
Lycineandrew posted:
That is somewhat right. I usually don’t go very high with the leverage since I feel it is kind of risky.

Yeah it can be a bit risky. I don’t know why people use such a high leverage, at least I’m not a risk taker.

Gareylinn509
Feb 22 2021 at 09:54
34 inlägg
Mathewshayden posted:
Lycineandrew posted:
That is somewhat right. I usually don’t go very high with the leverage since I feel it is kind of risky.

Yeah it can be a bit risky. I don’t know why people use such a high leverage, at least I’m not a risk taker.

Probably because of high profits. Doesn’t high risk equals high profit. I never risk high so who knows!

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