If we trade through proper trade management plan, i can bet there will be no emotion inside our trading and most importantly we will make more profit and less losses.
Leverage should be used based on the account size. Trader should not risk more than 1 or 2% of the trading capital on a particular trade. And rightly said above through proper money management plan risk attached along with high leverage can be controlled. However, I prefer to use upto 100x leverage.
I agree with the previous replies. Leverage is a tool to be used with caution. It should be reduced as the deposit increases. I use 1:400 leverage.
Each trader having own choice with leverage, although now some broker offer high leverage till 1:1000 but so far I am only use if not 1:50 hence use 1:400 like as you
1:1000 wow Still, some people come to brokers which offer endless leverage. What are they thinking about? I can't really get
This is a way broker to get new client I think and they compete to offer high leverage, but if choose high leverage like it if often reckless and greedy, I think will quickly facing margin call account
You need to decide this on the basis of the market situation, and for that you need to have the proper market analytical skills.
Leverage would dictate return (or loss)on capital. Consider this question... How much does my money return to me in percent? Then consider that you can deposit more money to your Forex Account if needed. Binding capital in some of these Forex Firms can be a scary experience. USA residents are limited to the USA but ET has a global audience, thus I post. ElectricSavant™
Strategy on trading indeed there are trader using long term plan trading or position trading and on this strategy need bigger capital to strongest account withstand movement, choose low leverage is safe than high I think