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nicoff2018
Feb 24 2015 at 21:09
1帖子
Hello, I'm new here. I would like to know what leverage should I use when I open my MT4 account ?

Also how to know the leverage of an autotrade provider in myfxbook ?
8fold
Feb 25 2015 at 07:32
7帖子
Short answer: To open an account use the largest leverage the broker offers. To find out what leverage an autotrade providers uses, or any other system posted on myfxbook, look at the General tab in the info section of the Stats (left side of the window).

Longer answer: Learn what leverage is, what it really means (hint: it's just a credit line your broker offers - the bigger the leverage, the more credit you are able to use), and what are its benefits and dangers. You can start here: https://www.investopedia.com/terms/l/leverage.asp
Do. Or do not. There is no try.
Ben (GodTrade)
Feb 25 2015 at 07:42
8帖子
Hello,
 As a beginner I advise you to trade with minimal leverage, thus you will reduce your risks. About autotrade will not tell, as I has not yet figured out.
Happy trading!!!
vontogr (togr)
Feb 25 2015 at 12:19
4862帖子
8fold posted:
Short answer: To open an account use the largest leverage the broker offers. To find out what leverage an autotrade providers uses, or any other system posted on myfxbook, look at the General tab in the info section of the Stats (left side of the window).

Longer answer: Learn what leverage is, what it really means (hint: it's just a credit line your broker offers - the bigger the leverage, the more credit you are able to use), and what are its benefits and dangers. You can start here: https://www.investopedia.com/terms/l/leverage.asp
@8fold
Well said. Users here often confuse leverage with risk management. As you wrote these are 2 different things.
Vlad (vladrac)
Feb 25 2015 at 16:42
210帖子
Leverage in general should be used by beginners only if you intend to trade with less money in your account that you actually have for trading.

Say if you are in a broker that covers any losses beyond margins, and lets say for example that you have 5000 to trade, you could add 1000 to your account and use leverage to trade as if you would have 5K, but not put all that money into the account.

Anyway, going over 5:1 leverage is very hard in long term to keep profit.

Cheers,
Vlad
Kyle (KyleBroflovsky)
Feb 26 2015 at 07:38
12帖子
the biggest, I use 500:1
Read, Learn, Earn
Vlad (vladrac)
Feb 26 2015 at 16:31
210帖子
KyleBroflovsky posted:
the biggest, I use 500:1

Have you ever use anything bigger than 100:1? What was the result?

Ex: 100 USD in the account , 100:1 = 0.1 lots = 1 USD/pip -> 100 pips = 100% of your account! 100 pips is the average daily move of most of the pairs.

You really have to know what you are doing to enter a trade with a high level such as 100:1, anything beyond this is just plain crazy!

My broker offers 1000:1... so for my 100 USD I can trade (ignoring margins and spread/commissions) 1 lot... with 10pips I have reached 100% of my account!!! pure insanity!!!
Alexey (VlasovTrend)
Mar 14 2015 at 08:11
107帖子
I am using 500:1 now too - the most comfortable leverage for me.
Let's make a profit)))
Gary Sharp myfxpt com
myfxpt
Mar 14 2015 at 08:15
345帖子
8fold posted:
Short answer: To open an account use the largest leverage the broker offers. To find out what leverage an autotrade providers uses, or any other system posted on myfxbook, look at the General tab in the info section of the Stats (left side of the window).

Longer answer: Learn what leverage is, what it really means (hint: it's just a credit line your broker offers - the bigger the leverage, the more credit you are able to use), and what are its benefits and dangers. You can start here: https://www.investopedia.com/terms/l/leverage.asp

Nicely put!
Lordgert
Mar 17 2015 at 08:41
6帖子
The whole point of trading in Forex is to take advantage of the leverage offered - why would you not? As long as your potential losses on any one trade are what you can handle - many people suggest 1 or 2% but I think 5% is reasonable as your trading account should not contain all the money you have for trading. Personally I think 1-100 or 1-200 is reasonable.
Trading 0.1 lots on a 100$ account is just stupid - it's like putting all your money on your first hand in poker - you would have a very short game...
kanon103
Mar 17 2015 at 09:48
99帖子
1:100 or 1:200 is enough and safe
1:500 is overkilled
Chistopher Robin (ChrisMuzhik)
Mar 17 2015 at 19:28
65帖子
vladrac posted:
KyleBroflovsky posted:
the biggest, I use 500:1

Have you ever use anything bigger than 100:1? What was the result?

Ex: 100 USD in the account , 100:1 = 0.1 lots = 1 USD/pip -> 100 pips = 100% of your account! 100 pips is the average daily move of most of the pairs.

You really have to know what you are doing to enter a trade with a high level such as 100:1, anything beyond this is just plain crazy!

My broker offers 1000:1... so for my 100 USD I can trade (ignoring margins and spread/commissions) 1 lot... with 10pips I have reached 100% of my account!!! pure insanity!!!

there are situations when it's necessary to add positions but 100:1 restricts opportunities of me deposit. Also there is big possibility to lose all your depo if it's some kind of rollback
There can't be enough money
Alexey (VlasovTrend)
Mar 25 2015 at 02:47
107帖子
kanon103 posted:
1:100 or 1:200 is enough and safe
1:500 is overkilled

Sorry, but I am using 1:500 for a long time and successful in my trading. So IMO every trader has to choose by himself what leverage much comfortable for him. Sorry for mistakes in text, hope you'll understand what I meant.
Let's make a profit)))
kanon103
Mar 25 2015 at 03:02
99帖子
VlasovTrend posted:
kanon103 posted:
1:100 or 1:200 is enough and safe
1:500 is overkilled

Sorry, but I am using 1:500 for a long time and successful in my trading. So IMO every trader has to choose by himself what leverage much comfortable for him. Sorry for mistakes in text, hope you'll understand what I meant.

i am using 1:500 too. i never needed that much when i trade. that is why i said its overkilled .maybe depending on strategies.
yes. it is about which ever you comfortable with. just let you know that im not against 1:500

overkilled means more than enough if you misunderstood.
Alexey (VlasovTrend)
Mar 25 2015 at 03:05
107帖子
kanon103 posted:
VlasovTrend posted:
kanon103 posted:
1:100 or 1:200 is enough and safe
1:500 is overkilled

Sorry, but I am using 1:500 for a long time and successful in my trading. So IMO every trader has to choose by himself what leverage much comfortable for him. Sorry for mistakes in text, hope you'll understand what I meant.

i am using 1:500 too. i never needed that much when i trade. that is why i said its overkilled .maybe depending on strategies.
yes. it is about which ever you comfortable with. just let you know that im not against 1:500

Depending on strategies... agree with this) And I don't think that you're against 1:500)
Let's make a profit)))
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