Need to know the truth

If you want to trade, you must control the risk. And the best way to control this risk is to select low leverage.

That’s not true. There are so many ECN brokers that offer leverage more than 1:100. Some ECN brokers that I have already been using include ICM and Fxview and they offer quite high leverage. You need to go for their offshore option if you want to use high leverage.

You really need to do some more research on offshore brokers. There is no limit to the leverage that an ECN broker can offer. It is their choice and they set the limit according to their own conditions.

No, that’s not true. There is no limit to how much leverage an ECN broker can offer. I have myself seen ECN brokers offering leverage as high as 1:1000. As a trader, you can decide what leverage you want to use.

The reason why brokers offer leverage is to attract traders to trade more because statistically, a trader who trades more, eventually loses more that brokers can take benefit of. This is the reason why you are always told to use leverage properly.

No need to believe everything you read. By doing this, you are just opening your doors to scams. You must test brokers with and without leverage. The one that lets you trade better is the one you must choose.

I think leverage can help at the beginning. It becomes less important as your investment bank grows. Leverage is definitely an asset to begin with. Just focus on psychology and a strategy you can master and you will be profitable once you follow your rules

have a very good journey again , just one thing always remember
 there is no short cut way of learning in there , you must pass a long time in there with great patience.

Forex trading requires a lot of information and research. The more you try to develop a trading strategy, the more Forex will allow you to make money.

You better be careful about the sources you choose. In the modern world, there are scams waiting to trap innocent traders at every step. Whenever you learn something new, make sure that you confirm it from other sources as well so that you don’t make any wrong move.

I am more into low-risk compounding strategies that require less leverage. Frankly, I fear amplified losses. So, I have never tried using forex leverage more than 1:20 ever.

nincompoop posted:
You better be careful about the sources you choose. In the modern world, there are scams waiting to trap innocent traders at every step. Whenever you learn something new, make sure that you confirm it from other sources as well so that you don’t make any wrong move.

i know there are so many fake instagram pages just goo with regulated brokers.. and check for their affiliation on official website

I was guided by the reviews, of course, when choosing a broker, as well as how long the broker has been on the market, what conditions it has, what achievements in this area have.

78678676 posted:
 ECN brokers can provide you a higher leverage, provided you can qualify as a professional trader.

What do you mean by professional clients? And what will be the minimum leverage I will be getting?

In most trades, I try to keep low risk. If you want to keep low risk, you have to select good leverage. And you need a good broker to manage this leverage.

I surely can’t question or deny anyone’s learning and understanding because I am sure that they have years of experience behind their beliefs. This is why I believe that every trader must follow what works for them rather than following the crowd blindly. I have been using schwab for the last few years and have obtained high leverage from them. But because it works for me, I am going to believe it even if others don’t agree with me.

Thank god, I read all the comments otherwise, I would have believed what the OP said. I have been trading with an ECN broker that offers 1:1000 leverage and thought that I am being scammed hit me hard.

Some - I do not know what leverage is, they are afraid to use it, but when we delve into and study and apply in practice, we get a fairly good result.

If there was something like that, traders would have never been able to use high leverage. The maximum number of traders that I know prefer ECN brokers for security. If these brokers can't offer high leverage, their profits would be limited to small amounts and everything else they have read about forex trading and making profits would turn out to be false. Some might even conclude that some brokers are not reliable enough to offer the high leverage.