Transitioning to higher leverage

May 23, 2020 at 23:32
1,038 Visa
19 Replies
Medlem sedan Apr 13, 2020   24 inlägg
May 23, 2020 at 23:32
Hi all,

Thanks for reading this post and I hope I don't look like a complete fool - I'm quite nervous to post among the users in here. Really impressed in everything I have been reading as a lurker. Long story short - Ive been trading a successful strategy in crypto for over 3 years now and although it's rare in crypto I have actually returned a profit. Recently I have made the transition into splitting my exposure and starting to trade Forex.

I have been extremely narrow minded and stuck with my blinkers on to my own strategy - it works and I can be consistent at it, I didn't look what else was out there. My god forex was a sharp learning curve. Even on technical terms I didnt have the education most had - I figured out a method earlier on and didnt bother to expand my knowledge - this is something I am pressing on with constantly.

Right now I'm trading 30x leverage and after experimenting with various conversions of my strategy I had finally fine tuned it to be consistent and 16 days in I've made a safe 4.05% - this week being slowest due to market conditions.

With my setup I use 0.5% of equity per trade for risk management and its pretty safe.

Upon reading the forums and speaking to people I see its quite common for people to use 100x leverage in Forex, I'm quite nervous about leverage as I am very very safe in everything I do. Although taking some steps up to 100x would vastly increase my profits.

I have been looking at taking it in steps 30x-50x-100x and making the transition slowly. At the same time to lower my risk even more at 100x I could half my use bringing it to 0.25% per trade.

Wondering what are peoples thoughts on this?



Medlem sedan May 13, 2020   128 inlägg
May 24, 2020 at 03:57
Many are afraid to use high leverage. Therefore, it is better to gain experience first
Medlem sedan Apr 13, 2020   24 inlägg
May 24, 2020 at 07:41
Stonesong posted:
Many are afraid to use high leverage. Therefore, it is better to gain experience first

This is my thoughts - I think test on paper trading for a while and then make the moves over once im comfortable.

Just with so many saying how safe 100x is makes me wonder.
Medlem sedan May 11, 2020   74 inlägg
May 25, 2020 at 04:32
I think 100x is a little bit too much. But if you can transition it slowly and gradually, then I guess it should be fine. I would probably stick with lower level of leverage.
Medlem sedan May 13, 2020   14 inlägg
May 25, 2020 at 08:47
adenphoto posted:
Hi all,

Thanks for reading this post and I hope I don't look like a complete fool - I'm quite nervous to post among the users in here. Really impressed in everything I have been reading as a lurker. Long story short - Ive been trading a successful strategy in crypto for over 3 years now and although it's rare in crypto I have actually returned a profit. Recently I have made the transition into splitting my exposure and starting to trade Forex.

I have been extremely narrow minded and stuck with my blinkers on to my own strategy - it works and I can be consistent at it, I didn't look what else was out there. My god forex was a sharp learning curve. Even on technical terms I didnt have the education most had - I figured out a method earlier on and didnt bother to expand my knowledge - this is something I am pressing on with constantly.

Right now I'm trading 30x leverage and after experimenting with various conversions of my strategy I had finally fine tuned it to be consistent and 16 days in I've made a safe 4.05% - this week being slowest due to market conditions.

With my setup I use 0.5% of equity per trade for risk management and its pretty safe.

Upon reading the forums and speaking to people I see its quite common for people to use 100x leverage in Forex, I'm quite nervous about leverage as I am very very safe in everything I do. Although taking some steps up to 100x would vastly increase my profits.

I have been looking at taking it in steps 30x-50x-100x and making the transition slowly. At the same time to lower my risk even more at 100x I could half my use bringing it to 0.25% per trade.

Wondering what are peoples thoughts on this?




i think 100x is a bit much but is safer than 200x and 400x.I was just curious which brocker do you use
NEC ASPERA TERRENT
Medlem sedan Apr 13, 2020   24 inlägg
May 25, 2020 at 09:00
kevin8659 posted:
adenphoto posted:
Hi all,

Thanks for reading this post and I hope I don't look like a complete fool - I'm quite nervous to post among the users in here. Really impressed in everything I have been reading as a lurker. Long story short - Ive been trading a successful strategy in crypto for over 3 years now and although it's rare in crypto I have actually returned a profit. Recently I have made the transition into splitting my exposure and starting to trade Forex.

I have been extremely narrow minded and stuck with my blinkers on to my own strategy - it works and I can be consistent at it, I didn't look what else was out there. My god forex was a sharp learning curve. Even on technical terms I didnt have the education most had - I figured out a method earlier on and didnt bother to expand my knowledge - this is something I am pressing on with constantly.

Right now I'm trading 30x leverage and after experimenting with various conversions of my strategy I had finally fine tuned it to be consistent and 16 days in I've made a safe 4.05% - this week being slowest due to market conditions.

With my setup I use 0.5% of equity per trade for risk management and its pretty safe.

Upon reading the forums and speaking to people I see its quite common for people to use 100x leverage in Forex, I'm quite nervous about leverage as I am very very safe in everything I do. Although taking some steps up to 100x would vastly increase my profits.

I have been looking at taking it in steps 30x-50x-100x and making the transition slowly. At the same time to lower my risk even more at 100x I could half my use bringing it to 0.25% per trade.

Wondering what are peoples thoughts on this?




i think 100x is a bit much but is safer than 200x and 400x.I was just curious which brocker do you use

I use Oanda
Medlem sedan Feb 22, 2011   4862 inlägg
May 25, 2020 at 11:05
adenphoto posted:
Hi all,

Thanks for reading this post and I hope I don't look like a complete fool - I'm quite nervous to post among the users in here. Really impressed in everything I have been reading as a lurker. Long story short - Ive been trading a successful strategy in crypto for over 3 years now and although it's rare in crypto I have actually returned a profit. Recently I have made the transition into splitting my exposure and starting to trade Forex.

I have been extremely narrow minded and stuck with my blinkers on to my own strategy - it works and I can be consistent at it, I didn't look what else was out there. My god forex was a sharp learning curve. Even on technical terms I didnt have the education most had - I figured out a method earlier on and didnt bother to expand my knowledge - this is something I am pressing on with constantly.

Right now I'm trading 30x leverage and after experimenting with various conversions of my strategy I had finally fine tuned it to be consistent and 16 days in I've made a safe 4.05% - this week being slowest due to market conditions.

With my setup I use 0.5% of equity per trade for risk management and its pretty safe.

Upon reading the forums and speaking to people I see its quite common for people to use 100x leverage in Forex, I'm quite nervous about leverage as I am very very safe in everything I do. Although taking some steps up to 100x would vastly increase my profits.

I have been looking at taking it in steps 30x-50x-100x and making the transition slowly. At the same time to lower my risk even more at 100x I could half my use bringing it to 0.25% per trade.

Wondering what are peoples thoughts on this?




Are you talking about max leverage allowed by your broker/account
or about trade size on your account?

Do you understand that max leverage on your account does not mean actually anything
if you are reliable and post trades with limited risk achieved by SL or size?
Medlem sedan Apr 25, 2020   119 inlägg
May 29, 2020 at 08:40
You must understand that a large leverage is an opportunity to make good money. And the broker Amarkets offers good conditions in this regard.
Medlem sedan May 13, 2020   14 inlägg
May 29, 2020 at 10:03
adenphoto posted:
kevin8659 posted:
adenphoto posted:
Hi all,

Thanks for reading this post and I hope I don't look like a complete fool - I'm quite nervous to post among the users in here. Really impressed in everything I have been reading as a lurker. Long story short - Ive been trading a successful strategy in crypto for over 3 years now and although it's rare in crypto I have actually returned a profit. Recently I have made the transition into splitting my exposure and starting to trade Forex.

I have been extremely narrow minded and stuck with my blinkers on to my own strategy - it works and I can be consistent at it, I didn't look what else was out there. My god forex was a sharp learning curve. Even on technical terms I didnt have the education most had - I figured out a method earlier on and didnt bother to expand my knowledge - this is something I am pressing on with constantly.

Right now I'm trading 30x leverage and after experimenting with various conversions of my strategy I had finally fine tuned it to be consistent and 16 days in I've made a safe 4.05% - this week being slowest due to market conditions.

With my setup I use 0.5% of equity per trade for risk management and its pretty safe.

Upon reading the forums and speaking to people I see its quite common for people to use 100x leverage in Forex, I'm quite nervous about leverage as I am very very safe in everything I do. Although taking some steps up to 100x would vastly increase my profits.

I have been looking at taking it in steps 30x-50x-100x and making the transition slowly. At the same time to lower my risk even more at 100x I could half my use bringing it to 0.25% per trade.

Wondering what are peoples thoughts on this?




i think 100x is a bit much but is safer than 200x and 400x.I was just curious which brocker do you use

I use Oanda
you should consider changing brocker because i personally never heard of them
NEC ASPERA TERRENT
Medlem sedan Oct 19, 2019   38 inlägg
May 29, 2020 at 11:06
reggae posted:
I think 100x is a little bit too much. But if you can transition it slowly and gradually, then I guess it should be fine. I would probably stick with lower level of leverage.
I would agree totally. For a beginner its a lil on the higher side. Best way is to increase it as and when u gain experience. But even when you have gained experience do keep risk management in mind.
Medlem sedan Aug 14, 2018   11 inlägg
May 29, 2020 at 12:54
It sounds like you are confused about leverage and risk, Go back to baby pips school for help
Medlem sedan Apr 13, 2020   24 inlägg
May 29, 2020 at 16:25
LeadPellet posted:
It sounds like you are confused about leverage and risk, Go back to baby pips school for help

Ive never heard of this, but will look into it - thank you.

kevin8659 posted:
you should consider changing brocker because i personally never heard of them

They are quite popular and one of the larger brokers - reason I chose them was because of connectivity into tradingview, helps me alot. Its one of their recommended brokers.
Medlem sedan Dec 28, 2019   20 inlägg
May 30, 2020 at 16:11
I think you can afford it in the market, because it's to let you make a good enough profit. But naturally, if you want to take part in more risky approaches, you have to be well prepared for that. You always have to act wisely.
Periwield
Medlem sedan Apr 04, 2020   57 inlägg
Jun 30, 2020 at 03:38
If you have chosen a good broker, then you can safely use a large leverage.
Medlem sedan Jun 22, 2020   77 inlägg
Jun 30, 2020 at 07:32
While transitioning to higher level is a good idea, but I really do not recommend 100x
Medlem sedan Jul 06, 2020   1 inlägg
Jul 06, 2020 at 10:47
Higher leverage will involve higher risks. Taking high risks at the initial stages of your trading might not be a good option.
Medlem sedan Apr 25, 2020   119 inlägg
Jul 06, 2020 at 14:25
Switching to a large leverage must take into account all the risks
Medlem sedan Jul 23, 2020   869 inlägg
Jul 07, 2021 at 08:41
Use high leverage in the demo account first to know what you are getting into.
Medlem sedan Jul 23, 2020   759 inlägg
Aug 06, 2021 at 14:40
New traders should use low leverage at first.
Medlem sedan Aug 05, 2021   401 inlägg
Aug 19, 2021 at 02:06
There's a saying that gets thrown around a lot...'leverage is like a double edged sword'. There's nothing wrong with going higher and I've actually read articles stating that several professional traders say they use 1:100 leverage so that seems to be a good amount. Just be careful!
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