Transitioning to higher leverage

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?

Many are afraid to use high leverage. Therefore, it is better to gain experience first

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.

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.

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

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

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?

You must understand that a large leverage is an opportunity to make good money. And the broker Amarkets offers good conditions in this regard.

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

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.

It sounds like you are confused about leverage and risk, Go back to baby pips school for help

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.

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.

If you have chosen a good broker, then you can safely use a large leverage.

While transitioning to higher level is a good idea, but I really do not recommend 100x

Higher leverage will involve higher risks. Taking high risks at the initial stages of your trading might not be a good option.

Switching to a large leverage must take into account all the risks

LeadPellet posted:
It sounds like you are confused about leverage and risk, Go back to baby pips school for help

This is one of the best learning site.

Use high leverage in the demo account first to know what you are getting into.