Ross Bourque
Banned multi and spammer for ForexChief
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Leverage is one of the mostly used or heard terms of naïve traders. And leverage makes important criteria for any retail, small scale trader since with the help of leverage he can extend his investment capacity. Leverage is the maximum amount of funds that a forex trader can borrow from his broker against maiden deposit in his trading account with that broker. And for general case, the higher the leverage the better it is for a trader.
But we can’t ignore the reality that leverages at the end of the day are debts on the traders’ hands which they have to repay to the brokers. So; it is good to work with smaller leverage and effective money management policies to ensure that leverage won’t make burden for a trader. I am trading with 1:400, leverage.
But we can’t ignore the reality that leverages at the end of the day are debts on the traders’ hands which they have to repay to the brokers. So; it is good to work with smaller leverage and effective money management policies to ensure that leverage won’t make burden for a trader. I am trading with 1:400, leverage.