1:200 leverage

IvanMelnik posted:
1:200 leverage is not that bad for beginners.

Are you sure? This is very risky for the beginner, even for the experienced trader as well.
I think the beginner should be sticking with using upto 20x leverage.

cardigan posted:

IvanMelnik posted:
1:200 leverage is not that bad for beginners.

Are you sure? This is very risky for the beginner, even for the experienced trader as well.
I think the beginner should be sticking with using upto 20x leverage.

I would totally agree. 200x is too risky for a newbie. Though everyone has a different risk tolerance, but always better to keep the risk low.

Why is high leverage risky? The higher the leverage the lower the amount that you need to deposit with the broker and hence the smaller the amount that you can lose.

EllisParker posted:

cardigan posted:

IvanMelnik posted:
1:200 leverage is not that bad for beginners.

Are you sure? This is very risky for the beginner, even for the experienced trader as well.
I think the beginner should be sticking with using upto 20x leverage.

I would totally agree. 200x is too risky for a newbie. Though everyone has a different risk tolerance, but always better to keep the risk low.

Definitely. I think with risk management taken into will reduce the potential risk, but then I do not think the newbie would understand and get the concept of RM easily, would they? I wonder

High leverage is always good, as you won’t blow up all your money in one go. Fxview and FXCM are some good high leverage brokers that are also regulated. For me, the general rule of thumb to follow when using high leverage is 1:3 risk-reward ratio.

Always set your leverage to 50x leverage or less! The more leverage you have, the stronger effect the market's random variance has on you. Its very simple statistics. However, if you fail to understand this, I will gladly take your money.

1:200 means that for every $1 available in your account, you can trade up to $200. This is a leverage account leverage offered by mini accounts. Here, you might need a minimum deposit of $300 in your account, with which you can trader up to $60,000.

Brokers like coinexx, hotforex, XTB, and FXTM provide varied leverage starting from 1:50 to as high as 1:1000. The higher the leverage the lower the capital means that the funds involved are low- which means that it gives you the ability to fast track your potential returns.

High leverage is good for experienced traders. Helps them maximise their profits further. New traders should be a little careful with the kind of risk they are ready to take.
I personally think that it’s better to trade with a broker that offers flexible leverage, along with educational material. MAM accounts / Social trading, are other good ways of capitalizing on the benefits that leverage can offer. Check out Turnkey forex and etoro for such options.

As an Experienced Trader, I use max of 1:500, this allows me to maximize profits when ever the time presents itself daily.

The lower the leverage for new traders, the better. 1: 200 Leverage is much better for a new trader. If the leverage is low, the trader can keep his account risk free. And if the leverage is high, the account is not protected.

That is not a bad one, but I prefer to trade with low leverage. Probably 20x the most.

I switched to ECN with a leverage of 1: 200 and a depot from $ 200 and I can say quite well

Leverage can be very bemnificial if you have enough knowledge to use this. You can make huge money by using high levergae.

hello sir.

as i talked to different traders, most of all i heard about using 1:100 leverage. i don't know is it really helps. but want to try.

1:200 has always be the key to my disciplines and success, it makes me handle 1:500 so smoothly.

By all mean, it is fine but I found lower leverage level to be much more beneficial and less risky but alas that is just how i am feeling about leverage

Less leverage less risky but does not mean that your account will be saved. It will be instantly wiped out if you do not pay attention the strategy you used.

Leverage is very effective to make money from the forex market. But to use this, you have to know all about leverage.

You are right when you say that in order to use leverage, you need to be a little aware of how trading takes place and have certain skills.