Leverage

Malaksen

Private, 1st Class
Messages
25
I agree with the previous commentator. You can choose a broker with bigger leverage, but not smaller. Personally, I don't like it when a broker tries to limit my trading freedom. And since you can usually regulate the size of the leverage, it is better to find the brokerage with a safety margin.
 

walpants

Recruit
Messages
78
I use 1:500, mainly because I just always have and I tend to keep my account fairly small so it helps.
 

Pharaoh

Colonel
Messages
19,905
Leverage is a double-edged sword. Use it well and you can carve profits out of the market. Use it poorly and you can cut your account into little bleeding bits. Abuse your leverage and a few pips movement against you can result in losing most or all of your money before you can react.

Here's a hint - If you are new, open the smallest possible sized trades. Right now, you don't care if a movement of 1 pip in your favor only brings you 10 cents or less. What you care about is consistently being able to make a profit. If you can become consistently profitable at even 1/10 cent per pip, slowly scale up.
 

liability

Private
Messages
22
Choosing high leverage can be a good decision when it comes to profit, but it is also a bad decision if you are going to lose the amount, so that's why it is famously known for "Double-Edged Sword" like the previous user said. Make sure you own a sound plan to prepare and you will be good.
 

benisback

Private, 1st Class
Messages
70
Choosing high leverage can be a good decision when it comes to profit, but it is also a bad decision if you are going to lose the amount, so that's why it is famously known for "Double-Edged Sword" like the previous user said. Make sure you own a sound plan to prepare and you will be good.
So what do you suggest then
 
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