Nov 09 2020 at 04:05
For a new trader my advice would be to use lower leverages. Or if you really want to get a hand on higher leverage then try with small deposit amounts. Open an account with a broker that has a very low minimum balance requirement like Degiro, no min balance required, or Fxview (Euro 5). This will give you confidence for switching on to higher amounts with higher leverages.
Nov 09 2020 at 05:48
for me the minimum required is 50X and maximum i like to avail is 500X.
Nov 09 2020 at 07:15
Do leverage facilities come with some hidden charges?
when i can predict the real faction of this market with certainly then i use only high leverage to bring profit very rapidly. otherwise i always use low leverage.
Nov 09 2020 at 09:03
I'm using 30x leverage and it works fine for me
Nov 09 2020 at 11:12
No, leverage is something that all brokers provide and an option provided by the broker to its client for free. Some brokers provide leverages of 1:200, 1:300 and some even up to upto 1:500 as well.
Nov 10 2020 at 04:30
If you have stop loss intact and know how to manage risk, I don't think using 1:500 would be any problem.
Nov 10 2020 at 10:23
I agree! Haven’t used 500x leverage though, but even the 200 that I use has given me excellent returns on USDJPY. Normally I use my accounts with ic markets, cause high leverage coupled with low spreads can be the best deal for any trader.
leverage is an important financial tool which an investor should consider when choosing a broker. i always trade with low leverage to avoid unfortunate risk and losses.
Nov 11 2020 at 04:11
I also use high leverage with USDCAD, AUDUSD (though this was worst) on my three different accounts with InstaForex, Fxview and ICM. Prefer USDCAD as a major currency pair for its comparatively low volatility.
