What leverage do you all use?

Jedimaster1 posted:

jamesgwyther posted:
^^ See Title

Hi,


The leverage that the broker offers, is one thing. The leverage you use, it's another thing. If you are looking to trade like a pro, then trade unleverage, if you're looking to trade your own money, I would advice no more than 5:1 per trade.

Oooh that is a different perspective.

togr posted:

Madalyn posted:

togr posted:
1:30 on some account
1:100 on other account
1:500 on majority of accounts
1:1000 on some

Could you explain? (sorry for bothering you but I am just interested)

Different brokers
DIfferent conditions
Different pairs
Different trading strategies
-----------------------------------
Different leverages

It is actually good to have high leverage provided on your account. It gives you a liberty to trade with significant profit and low capital.
Other thing is how much leverage you use. In this you need to stay disciplined and follow your money mgmt plan.

I prefer low leverage. Right now using 1:50. Will gradually increase though.

i find 1:50 leverage perfect for me. ...and i apply only 1% of my account per trade

I use max leverage I can find from a regulated broker. Best I can find is 1:500 at the moment. As Vontogr says higher leverage is safer and better. US and EU think otherwise but they don't know what they are talking about

pamuk posted:
i find 1:50 leverage perfect for me. ...and i apply only 1% of my account per trade

Can I ask why you prefer low leverage?

Pikasso posted:
I use 1:30 on accounts with FCA regulated brokers and max. 1:200 with no regulated. There are different strategies and algorithms to manage risks for each account.

I use non regulated brokers for the higher leverage too

For avoiding risk I always use 1:100 leverage in spite of having up to leverage 1:2000 , actually leverage is an important financial tool which always contains risk , so it is better if we avoid using high leverage in real account.

jamesgwyther posted:

I use non regulated brokers for the higher leverage too

Me too. My broker (turnkey forex) offers upto 500x, but I use max 200 never more than that.

millerwe posted:

jamesgwyther posted:

I use non regulated brokers for the higher leverage too

Me too. My broker (turnkey forex) offers upto 500x, but I use max 200 never more than that.

WHy 200 max?

Leverage is an important financial tool which an investor should consider when choosing a broker, basically it allows an investor to grow his market exposure to a level that exceeds the initial investments. My trading career I always like to trade with high leverage for making profit rapidly, but sometimes it causes a great risk and losses also.

Roberto21 posted:
leverage is a very complicated issue in Fx trading , sometimes it bring profit very rapidly , sometimes it causes a great losses and risk in spite of having risk management , but after all its one of the major financial issue in Forex.  

Leverage is not any issue. It does not bring you any profit nor loss.
It is simply tool. As any other tool it requires proper usage.
With right money management it works well.

Usually, I go safe with 200x-300x.

I don't really understand how that is exactly 'safe'. Is that the effective leverage you use rather than just the account setting? I feel, unless you're very experienced like togr and have plans in place to utilise the leverage if need be in case of DD, then 200-300x isn't safe.

The more I trade and learn, the lower and lower leverage I am actually working with / need to work with.

Rustyiron posted:
I don't really understand how that is exactly 'safe'. Is that the effective leverage you use rather than just the account setting? I feel, unless you're very experienced like togr and have plans in place to utilise the leverage if need be in case of DD, then 200-300x isn't safe.

The more I trade and learn, the lower and lower leverage I am actually working with / need to work with.

Well even with leverage of 1:30 you can wipe out your account but it would take more time.

I use 1:100 or 1:200

My maximum parameter is 1:100. Now I am not doing over-trading; so no need to use any aggressive parameter!

For avoiding risk I always use 1:100 leverage in spite of having up to leverage 1:2000 , actually leverage is an important financial tool which always contains risk , so it is better if we avoid using high leverage in real account.

I am using mostly offshore brokers so I do use something like you know 1:200 leverage and building all my strategies all around that number and it should really be somewhat like that as I can see and know, so let's go from such topic.