Edit Your Comment
High leverage = High risk?
会员从Oct 29, 2020开始
53帖子
Feb 04, 2021 at 07:43
会员从Oct 29, 2020开始
53帖子
blackChelsea posted:I understand, and so I am not going to rush into any trade. I will start with safe pairs like EURUSD and then try my hands with other pairs.
I think when newbies enter the live forex market, they want to book more profits with very small amounts, so leverage attracts them. But it should be kept in mind that leverage is associated with a certain amount of risk. While it can push your trades to make profits also at the same time it can put you in loss which is even more than your balance you have. When I started, I used to look for a 1:30 leverage ratio with a minimal balance that I can handle. This keeps my risk minimal. You can gradually increase your leverage ratio depending upon your earnings and understanding.
会员从Jun 23, 2020开始
29帖子
Feb 04, 2021 at 08:33
会员从Jun 23, 2020开始
29帖子
Garrywilson posted:That is because most new traders simply want to start making millions right from the very start. They overtrade, they get greedy, and treat trading more like gambling. They pay the price through increased losses.ddarko3 posted:I completely agree with you, and sadly it’s the losing part that happens more.unsightlydray posted:Technically leverage helps you to gain more but the problem with them is that you can also lose completely
As someone with just a few dollars extra to give trading a shot, would it be possible at all to gain anything without the use of leverage? And is it even wise to use up all of your own cash?
会员从Jul 17, 2020开始
42帖子
Feb 04, 2021 at 11:24
会员从Jul 17, 2020开始
42帖子
Johnathankim posted:If proper attention is paid to risk management, then high leverage can be used.Garrywilson posted:That is because most new traders simply want to start making millions right from the very start. They overtrade, they get greedy, and treat trading more like gambling. They pay the price through increased losses.ddarko3 posted:I completely agree with you, and sadly it’s the losing part that happens more.unsightlydray posted:Technically leverage helps you to gain more but the problem with them is that you can also lose completely
As someone with just a few dollars extra to give trading a shot, would it be possible at all to gain anything without the use of leverage? And is it even wise to use up all of your own cash?
Feb 06, 2021 at 06:13
会员从Nov 24, 2020开始
12帖子
There is no fixed amount which is right for using leverage. Using leverage seriously depends on your ability to take risk and how much you can afford to lose. PNL calculators are fine way of assessing your risk per trade. You’ll find this calculator with most brokers - XM, FxPro.
会员从Oct 29, 2020开始
53帖子
Feb 08, 2021 at 08:04
会员从Oct 29, 2020开始
53帖子
forextrader777 posted:Yes, I am taking my sweet time to be thorough with trading concepts.
High leverage attracts new traders but few of them know the actual working of leverage. I would recommend that before pushing yourself into the trades that need margin, try to understand the concept clearly, otherwise it can wipe off your account balance.
会员从Jul 17, 2020开始
42帖子
会员从Jun 23, 2020开始
29帖子
Feb 09, 2021 at 08:27
会员从Jun 23, 2020开始
29帖子
stevewood posted:I’m a stickler when it comes to using pnl. Never have, never will trade without properly scrutinising the potential losses and profits in every trade, no matter worth a lot of money or small.
There is no fixed amount which is right for using leverage. Using leverage seriously depends on your ability to take risk and how much you can afford to lose. PNL calculators are fine way of assessing your risk per trade. You’ll find this calculator with most brokers - XM, FxPro.
Feb 10, 2021 at 10:54
会员从Nov 16, 2020开始
16帖子
RelySmith posted:Well, fxview’s been around for awhile now. Dug into their company’s history and credentials a lot before opening ECN with them. They are giving up to 500x. Spreads I found attractive, on the lower side. And I don’t think there’s anything wrong with offshore brokers as long as they are regulated. A fixed and a rigid mindset can be very limiting to a trader.josejames posted:Fxview?? Never heard! Another offshore I betRelySmith posted:It doesn’t need to, Robinhood simply doesn’t allow short selling. But sadly there’s no forex option there. So I had to make an account with Fxview. Zeroed in on this one cause of the wider currency options. And ya, they very clearly offer negative protection.blandpatsyy posted:I doubt if Robinhood offers negative balance protectionGarrywilson posted:If you use a broker that offers negative balance protection, there’s no way that you’ll be risking owing anything to the broker. Then there’s stop loss as well to the rescue. If I’m not wrong all brokers offer these features, and if yours don’t, simply transfer your funds to a better broker.
I find it too risky to use leverage. Can’t imagine owing money to the broker and defeat the whole purpose of being in the market.
会员从Jul 17, 2020开始
42帖子
会员从Sep 18, 2018开始
11帖子
会员从Nov 24, 2020开始
28帖子
Feb 16, 2021 at 10:04
会员从Nov 24, 2020开始
28帖子
@Eric ideally, you shouldn’t risk more than 1 or 2% of your trade. It also depends upon the trading style of a person and how much they’re willing to risk. For example, I trade with IB and Fxview and my risk management is such that I don’t go beyond risking 2% of it. This helps me maintain a balance and minimises potential losses too.
会员从Jun 03, 2020开始
56帖子
Feb 18, 2021 at 04:16
会员从Jun 03, 2020开始
56帖子
josejames posted:Yup there is an incredible difference between rash decisions and calculated risks. I started with micro lots in trading through Fxview, with only 100 dollars through the use of leverages I was able to trade many positions. Then I moved to standard lots through XTB which was further beneficial for me.
Garey! It's okay to not take unnecessary risks but still I would say take calculated risks. This would be much beneficial for you.
会员从Jul 17, 2020开始
42帖子

*商业用途和垃圾邮件将不被容忍,并可能导致账户终止。
提示:发布图片/YouTube网址会自动嵌入到您的帖子中!
提示:键入@符号,自动完成参与此讨论的用户名。