That seems nice. What leverage do you use? And also, do you try new pairs on your demo accounts? I have been doing that recently, and it seems really helpful!
That's based on the market. If there is a volatile market, I do not risk using high leverage, but in pairs that do not move too much a day, such as USDCHF, when I want to trade daily, I use leverages up to 1:200! That's based on you and your risk management at the end!
First, I consider my risk tolerance and consider how much leverage I am comfortable using. Personally, when I am just started in forex trading, I am more comfortable with using lower leverage.
Why does this thread come across like it's mostly one person with multiple accounts fabricating a conversation that has practically zero substance?
Hey there! Leverage in forex lets you control more money with less of your own. Choose a suitable leverage ratio, be aware of risks, calculate position size, set stop-loss orders, practice risk management, and stay alert to market changes. But remember, leverage amplifies gains and losses, so tread carefully and seek advice. This article can be helpful. Good luck!
I use 1:20 leverage to pay little on swaps as I usually hold positions long-term. Otherwise it's just a matter of available free margin which you can use for other trades.
That's more my style. If I'm uncertain I use lower leverage like 1:50 and I have a confident trading plan and use high leverage sometimes up to 1: 3000.
the result of leverage could be more dangerous if you have low quality trading plan including zero risk management.