To use chat, please login.
Back to contacts

Need to know the truth

joastdaffy
Mar 03 at 12:12
24 poster
It’s true that you will have to take risks in the forex market. But these risks should not come in the form of leverage that may make you lose more than you can afford. It is essential to understand the concept of leverage before you use it in your trades.

jamesmaxwell52
Mar 03 at 13:13
42 poster
DanielGlaus posted:
It's not possible to make consistent profit by following signals, no matter what technology or website they use. At the end you are going to lose your money. It's just waste of time and money.

If there was some sort of such advanced EAs / technology, then we all would have been billionaires right :) I mean everybody would have been using it then

starlavey
Mar 04 at 04:42
15 poster
No, that’s not true. There is no limit to how much leverage an ECN broker can offer. I have myself seen ECN brokers offering leverage as high as 1:1000. As a trader, you can decide what leverage you want to use.

brishleap
Mar 04 at 10:53
17 poster
It doesn’t really matter what leverage your broker is offering. I don’t think any trader would want to risk anything more than they can afford to lose. But if you are well-acquainted with risk management and money management, you can use high leverage. The maximum leverage I have used has been 1:400 with fxview and then 1:300 with Fibo Group when I was quite sure about the direction of the market. Otherwise, I keep it between 1:50 to 1:100 fearing the magnified losses.

ramirokeller
Mar 05 at 04:02
17 poster
I don’t think there is any truth in saying that ECN brokers don’t offer leverage more than 1:100. In case, you believe in this but want to use high leverage, you can go for some offshore brokers. There are so many of them that have helped a lot of clients in making big profits.

Pointingmark
Mar 05 at 06:46
28 poster
The reason why brokers offer leverage is to attract traders to trade more because statistically, a trader who trades more, eventually loses more that brokers can take benefit of. This is the reason why you are always told to use leverage properly.

layerchazard
Mar 05 at 08:12
15 poster
No need to believe everything you read. By doing this, you are just opening your doors to scams. You must test brokers with and without leverage. The one that lets you trade better is the one you must choose.

morannon
Mar 06 at 10:09
16 poster
You seem to have chosen the wrong source of information. If you would have researched a bit more, you would have come to know about the truth on your own. I have faced many issues by following the rumours. So, I have decided to research everything on my own.

turnipfollow
Mar 06 at 11:20
27 poster
Pointingmark posted:
The reason why brokers offer leverage is to attract traders to trade more because statistically, a trader who trades more, eventually loses more that brokers can take benefit of. This is the reason why you are always told to use leverage properly.

True that! Leverage isn’t always an opportunity to grab. It can sometimes be a trap. Use your analysis before you take any unnecessary risks of using leverage. I have been into forex trading with fxview and swissquote for the last few years and I never felt the need of risking more money than I can afford to invest because if the currency underlying my trade moves in the opposite direction, leverage will greatly amplify the potential losses.

brishleap
Mar 06 at 13:07
17 poster
turnipfollow posted:
Pointingmark posted:
The reason why brokers offer leverage is to attract traders to trade more because statistically, a trader who trades more, eventually loses more that brokers can take benefit of. This is the reason why you are always told to use leverage properly.

True that! Leverage isn’t always an opportunity to grab. It can sometimes be a trap. Use your analysis before you take any unnecessary risks of using leverage. I have been into forex trading with swissquote for the last few years and I never felt the need of risking more money than I can afford to invest because if the currency underlying my trade moves in the opposite direction, leverage will greatly amplify the potential losses.

It’s completely a trader’s point of view. Where there are traders who lost insanely because of leverage, there are also traders who made profits insanely. You just need to know what you are doing and everything else is good.

Vänligen logga in för att kommentera.