Leverage

[bigdolly]

Around 1:500, which can sometimes be hard to find with regulated brokers but not impossible. Or you can go with an offshore broker to find it easily. I've seen options as high as 1:3000. Personally I stick with 1:100 - 1:200 but to each his own.

 

[Dora_WalletInvestor]

Around 1:500, which can sometimes be hard to find with regulated brokers but not impossible. Or you can go with an offshore broker to find it easily. I've seen options as high as 1:3000. Personally I stick with 1:100 - 1:200 but to each his own.

1:500 is generally the highest leverage regulated brokers enable. Some prefer to go higher but the risks tend to be so high that it is advisable for most traders to stick with lower leverage.

 

[bigdolly]

I tried once 1:1000 and it was crazy, very painful lesson. Lost my deposit same day. Will never repeat again.

 

[Kirstysingy]

Leverage I use is 1:500

 

[bigdolly]

You can also control risk with lot size. You just use pip value to calculate profit or loss per trade and then choose the lot size that correctly reflects the outcome of a trade.

 

[holycow]

I tried once 1:1000 and it was crazy, very painful lesson. Lost my deposit same day. Will never repeat again.

Some brokers provide 1:400 on regular accounts and 1:1000 on micro accounts. However there are some crazy offers like 1:3000 which seems pretty unrealistic to me. New traders being unaware of the market conditions should keep the leverage low in start because high leverage can claim higher damages as well.

 

[sebking1986]

I'm interested how they arrive at a number like 1:3000. Seems like it is just plucked out the sky.

 

[Vivaan Jua]

What is a good amount of leverage to look for?

To be honest, it depends on your strategy’s requirements! But in general, high trading leverage isn’t worthy! Basically aggressive Forex traders would like to use high trading leverage as like 500:1; but according to my own requirement, I use 100:1 trading leverage in my live trading!

 

[ForexWarrior2020]

I'm interested how they arrive at a number like 1:3000. Seems like it is just plucked out the sky.

I agree and would argue anything above 500:1 leverage is inconsequential. The benefit is minimised the higher the leverage as 500:1 is plenty

 

[FriendlyFX]

That's unreal leverage anything above 1:500 is unnecessary and can really leave new traders prone to margin calls and blown accounts