How Much Leverage Do You Use To Trade Forex?

Currently some broker offer high leverage, like as 1:1000 or 1:2000, what your opinion about this leverage, in my opinion use these leverage will become disastrous if trader being recklessly

 

1:50 is a suitable leverage for me. It requires not many money to trade. I earn enough when take the right order and loose not too much while lossing. Further more, it takes moderate required margin, you might trade nearly all your money before recieving margin call.
some brokers provide very high leverage, I wonder, does anyone use it to trade??? and some provide too low leverage, so people have to deposit much to trade. when placing the wrong order, you have to pay high price for that.
I'm with Tickmill now, with the minimum leverage is 1:50, and it suits my strategy.

 

Maybe one advantage use high leverage is required small margin requirement to open any lot size, but on other side high leverage also will harmfull account iof trader being greedy, and often especially newbie they can't control emotion properly and having tendencies to reckless with desired to making huge profit at short time

 

Actually an interesting survey trying to address issues like leverage, but many others as well

http://goo.gl/forms/Nq2a7SXvJf

 

Currently some broker offer high leverage, and leverage itself in my opinion like as double edge of swords, on one side will useful but one another side will killing account, choosing high levesrage if trader being recklessly hence only will suicide account i think

 

normally, what leverage are you using?

 

I guess some brokers offer 1:1000 on micro, and 1:500 on regular accounts, but I have seen some also offers 1:3000 which seems to be unreal. Excessive use of leverages can claim higher damages.

 

Usually I will choose 1:500, this is medium leverage I think, but we can use leverage 1:1000 if just want to trying use these leverage, and this will useful for trader that will use extreme strategy like as martingale trading system

 

1:500 is very, very far from being "medium leverage". It's extreme, unusually high leverage.

(In some countries, 1:50 is the maximum leverage permitted by law.)

 

Really? but why currently many broker from also offer higher leverage like as 1:1000 and stil there are higher leverage 1:2000, this is very high leverage as I know