Leverage

JimmyRozza

Sergeant
Messages
158
I agree with the previous replies, 1:500 on forex for me and 1:100 on crypto (I am a day trader).

Your trading style will also impact your decision.
 

fxoday

Recruit
Messages
623
I agree with the previous replies, 1:500 on forex for me and 1:100 on crypto (I am a day trader).

Your trading style will also impact your decision.
Using high leverage traders must be able to control and manage emotion properly to avoid greedily and or over-trading, but high leverage is useful for traders who like challenge trading strategies like averaging or martingale trading.
 

Meztigami

Private
Messages
34
Actually, everything depends on what type of a trader you are. If you have recently joined trading community, then I believe you would better stay away from leverage trading, because it can easily lead you to huge losses, because of lack of experience and knowledge in trading. In my opinion, the most important task for you now is to learn and practice until you start earning money without any issues. If you are a professional trader or at least you already have certain results in trading then I guess 1:50 would be the most suitable leverage for you, beause it's easier to control all the risks and understand how do leverages work. Anyway, I advice traders to stay away the idea of using leverages because they might be harmful enough, despite the fact that they're profitable.
 
Messages
1
more leverage more risks, no reason to open an account below 2K $ if you want to get profit. If you want practice then this amount is good one with any leverage. For earning - Small leverage to control losses
 

Profesor Pips

Recruit
Messages
15
more leverage more risks, no reason to open an account below 2K $ if you want to get profit. If you want practice then this amount is good one with any leverage. For earning - Small leverage to control losses
More leverage = lower margin required, no one orders you, to open many transactions because you can
 
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