What leverage do you all use?

I use a maximum leverage of 200X as it is a double edged sword which needs to be used wisely

LeviSievwright5 posted:
The less leverage you use, the better. If the leverage is low, you will refrain from over trading due to margins. I suggest using 1: 500 leverage. This leverage will always support you in trading.

Oh man.
If you say it is best to use low leverage and then say 1:500 is the right leverage to use
it does mean you know nothing.

Either you prefer low leverage like 1:10
Or you prefer high leverage like 1:500
You simply can't support both.

Using 1:15 at the most at the moment. Sometimes I prefer to use 1:10

my country brokers only offer 1:200 maximum

I prefer leverage with maximum 30X because of my country restrictions

Currently I am using 1:30, being a new trader I prefer keeping the leverage low due to high risk assigned with it.

500:1 then take current account balance, divided by 20, so a $500 account would be using .25 per trade.

FXPips11 posted:
500:1 then take current account balance, divided by 20, so a $500 account would be using .25 per trade.

It does not work that way.

1. There is an account leverage let say 1:500
2. Which determines how much margin is needed for trade. For your example that would be
0.25 lot is 25 000 units
So for example 25 000 usd. With leverage 1:500 you need 25 000 / 500 = $500 for margin. For 0.25 EURUSD it would be 500 EUR.

3. Your example is description of rule for volume. So you would trade 0.25 on $500 account. That is silly.
You should have a rule for risk which consist of trade volume, SL and TP. So lets say for $500 account you should open 0.01 lot trades with SL and TP equal to 10.0 pips. So as result you get either $1 profit or loss.

togr posted:

FXPips11 posted:
500:1 then take current account balance, divided by 20, so a $500 account would be using .25 per trade.

It does not work that way.

1. There is an account leverage let say 1:500
2. Which determines how much margin is needed for trade. For your example that would be
0.25 lot is 25 000 units
So for example 25 000 usd. With leverage 1:500 you need 25 000 / 500 = $500 for margin. For 0.25 EURUSD it would be 500 EUR.

3. Your example is description of rule for volume. So you would trade 0.25 on $500 account. That is silly.
You should have a rule for risk which consist of trade volume, SL and TP. So lets say for $500 account you should open 0.01 lot trades with SL and TP equal to 10.0 pips. So as result you get either $1 profit or loss.

my 350% gain in 15 trading days would beg to differ. 158 wins, 15 loses.

The lower the leverage in trading, the better. I suggest using 1:500 leverage.

currently i'm using 30x leverage because the higher leverage can be a risk.

1:100 Maximum often lower at 1:10. No point using massive leverage . Too much risk

FXPips11 posted:

togr posted:

FXPips11 posted:
500:1 then take current account balance, divided by 20, so a $500 account would be using .25 per trade.

It does not work that way.

1. There is an account leverage let say 1:500
2. Which determines how much margin is needed for trade. For your example that would be
0.25 lot is 25 000 units
So for example 25 000 usd. With leverage 1:500 you need 25 000 / 500 = $500 for margin. For 0.25 EURUSD it would be 500 EUR.

3. Your example is description of rule for volume. So you would trade 0.25 on $500 account. That is silly.
You should have a rule for risk which consist of trade volume, SL and TP. So lets say for $500 account you should open 0.01 lot trades with SL and TP equal to 10.0 pips. So as result you get either $1 profit or loss.

my 350% gain in 15 trading days would beg to differ. 158 wins, 15 loses.

Really
This user doesn't share any systems currently.

Anyway I dont judge your trading results
but the very basic understanding of meaning of leverage, margin, trade size, etc...

LeviSievwright5 posted:
The lower the leverage in trading, the better. I suggest using 1:500 leverage.

Oh man
low leverage is 1:5 not 1:500
So do you approve low leverage or high?

It really depends what you want to do?

If you are a swing trader you don't need an account with a high leverage but if you are a scalper and make tiny but large trades, higher leverage will help you.

I think 1:10 is the best leverage.

togr posted:

LeviSievwright5 posted:
The lower the leverage in trading, the better. I suggest using 1:500 leverage.

Oh man
low leverage is 1:5 not 1:500
So do you approve low leverage or high?

Sorry for my mistake, I'm thinking 1:50 leverage is the best but it's my typing mistake.

I am in the EU so max leverage I can get is 1:50. That is not good because I need large deposit before I can trade

LeviSievwright5 posted:
The lower the leverage in trading, the better. I suggest using 1:500 leverage.

How you gonna say low leverage and then goes on to mentioning 500x leverage? Come on, that is way too high.