Discussion in 'General Forex Discussion' started by homi, Oct 11, 2012.
It is really interesting for me to know what is your leverage while trading ?
1:100 on one broker, 1:50 on another and 1:600 on the third one. Most of my trades are with 1:100 one.
I setup most of my platforms at 1:200.
1:100 on one, 1:200 on the other and on the third, 1:80..plan to shake things a bit next week.
When I was the new trader, it's 1:50 and now 1:200. Anyway, they're good for me to trade.
i trade on a 1:500 but i keep it easy and slow though hotforex offers 1:1000 but it scares me haha
Yeah, would advise all newbies not to fall for the leverage trap..higher the leverage, the faster your account will get wiped out especially if the trader is new to trading..we have all gone there, done that.
I usually trade with leverage of 1:500
1:500 aswell I am happy with that
why choosing low leverage ?
It really depends on. I use anywhere from 100 to 500.
Well I prefer to use leverage from 1:100 to 1:500. When brokers suggests more it seems to my unreliable and suspect.
Brokers will suggest more leverlage to increase the pip's value so they will profit more from the spread. Using high leverage will wipe out your account should the trade (yes, you only need one bad trade) to move against you. It is a pure gable risking your entire investment on a single trade knowing that you do not have 100% success. Are you all new to the market? I use 1:5 leverage at any costs
Well, as to me I prefer to trade not very huge leverage. Maybe 1:200-1:500. It seems to me more convenient. And I feel that my money is safe when leverage not big. Because the huge leverage seems to me suspect.
another question , guys what is the amount that you deposit until you can trade with the leverage of for example 1:100 or 1:500 ?
thanks in advance for your responses .
That depends on your broker. Each broker has a different minimum deposit requirement, but in general you can pick the leverage you would like for your account.
good thanks , is it possible to trade with 1$ when you have the leverage of 1:500 ?
You need to ask your broker that, but if you were able to set your own leverage then yes.
Yes, it is not advised for all newbies to leverage trap .. Higher leverage, will be wiped out quickly, especially if your account is new trading to business .. We all away, that will not work.
it can be a good option for professionals
Separate names with a comma.