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Need to know the truth

Ezereombre
Feb 15 at 13:35
27 poster
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 at 16:55
593 poster
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 at 18:23
147 poster
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 at 11:07
84 poster
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 at 12:32
37 poster
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 at 13:04
36 poster
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 at 15:03
298 poster
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 at 04:51
26 poster
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 at 05:04
104 poster
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 at 11:03
37 poster
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.

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