Need to know the truth

One line for high leverage- big profits can end up being smaller, and small losses can turn out to be bigger. How many of us actually have the understanding of stopping when the prices are moving away from the predictions?

Lycineandrew posted:
One line for high leverage- big profits can end up being smaller, and small losses can turn out to be bigger. How many of us actually have the understanding of stopping when the prices are moving away from the predictions?

I used high leverage presuming to make more profit. Did well for a while but ended up getting a margin call. Thinking shouldn’t have taken high leverage in the first place.

It's not possible to make consistent profit by following signals, no matter what technology or website they use. At the end you are going to lose your money. It's just waste of time and money.

blandpatsyy posted:

Mikehussey posted:
The ECN brokers that I have used so far have offered me 1:500 leverage on average. So, I don’t think there is any truth in what you are saying.

So have I! There are some ECN brokers that offer leverage around 1:1000. However, it is up to the trader what leverage they want to use. I personally think that 1:100 is also quite high.

I don’t think so. 1:100 leverage is quite common and not high when trading forex.

DanielGlaus posted:
It's not possible to make consistent profit by following signals, no matter what technology or website they use. At the end you are going to lose your money. It's just waste of time and money.

I completely agree with you. There are many scams that look like authentic signals. Though the trading signals are supposed to be sent by professional traders or analysts, you won’t get to know who the people are behind the name signal provider.

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.

Pointingmark posted:
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.

True that! Leverage isn’t always an opportunity to grab. It can sometimes be a trap. Use your analysis before you take any unnecessary risks of using leverage. I have been into forex trading with fxview and swissquote for the last few years and I never felt the need of risking more money than I can afford to invest because if the currency underlying my trade moves in the opposite direction, leverage will greatly amplify the potential losses.

turnipfollow posted:

Pointingmark posted:
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.

True that! Leverage isn’t always an opportunity to grab. It can sometimes be a trap. Use your analysis before you take any unnecessary risks of using leverage. I have been into forex trading with swissquote for the last few years and I never felt the need of risking more money than I can afford to invest because if the currency underlying my trade moves in the opposite direction, leverage will greatly amplify the potential losses.

It’s completely a trader’s point of view. Where there are traders who lost insanely because of leverage, there are also traders who made profits insanely. You just need to know what you are doing and everything else is good.

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.

I read somewhere that ECN brokers get institutional leverage from their bank liquidity providers that offer low leverage in comparison to other brokers, though it may vary depending on the numerous factors like the currency pairs to be traded. Hence, ECN brokers are rarely able to offer higher leverage than what they receive from their prime brokers.

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?